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Track ‘n Trade Live Review
strategy back-testing and
feel comfortable with the
performance of your
strategy, the last step is to
go live and let the Track ‘n
Trade software start
automatically executing
your trades’ strategies,
which can be done in both
your real-money account
and you simulated trading
account.
One of the best things
about the Autopilot Plug-in
is that it is very easy to
operate. Unlike many of
the other automated
trading systems, the
Autopilot Plug-in for Track
‘n Trade does not require
any computer
programming, which means that
practically anyone should be able to
quickly start implementing their trading
ideas.
Lastly, the Autopilot Plug-in is completely
customizable, allowing you to specify multiple
different Autopilot settings, which includes both
indicator settings and entry/exit settings. For example, you
are able to specify the settings of the
technical indicator(s) being used in
your Autopilot trading system (you are
able to specify up to two indicators,
where one indicator is the “primary”
indicator and the other indicator is the
“conditional” indicator), the times that
you want your system to trade (which
includes the time of the day and the
days of the week), and the type of
order that is placed (i.e., limit order,
stop order, trailing stop, jump stop,
etc.). If you aren’t sure what setting is
the best and would like to select the
settings that had the best performance
over your analysis period, the
Autopilot Plug-in has a “Q-Calc” button
(“Q-Calc” stands for “Quick
Calculation”) that will quickly optimize
most of the various Autopilot system
settings.
Candlestick Auto-Recognition Plug-in
The Candlestick Auto-Recognition Plug-in automatically
recognizes multiple different candlestick chart patterns (ranging
from the Harami pattern to the Evening Star pattern), quickly
highlighting those patterns so that you don’t have to spend time
looking for them. Since the size the candlestick that is needed
for certain candlestick patterns can vary, depending on which
market you are analyzing, each of the candlestick patterns has
user-definable settings that allow you to specify exactly what
you are looking for. Additionally, the Candlestick Auto-
Recognition Plug-in is fully integrated with the Autopilot Plug-in
so you are able to select your favorite candlestick pattern and
place trades automatically as soon as it occurs. This also means
that you are able to use the “Q-Calc” button to find what
candlestick setting had the best performance over your analysis
period, which is a great feature to have when you aren’t
completely sure which setting has had the best performance,
historically.
Seasonals Plug-in
The Seasonals Plug-in is used to determine the seasonality of
the markets that you trade and it includes the Seasonal Trend
indicator window, Market Probability indicator window, and the
Historical Averages chart overlay. The Seasonal Trend indicator
window gives you the ability to quickly determine the seasonal
bias of the markets that you are trading. You are able to quickly
compare the current price action of the market to its own
historical average price action (i.e., seasonal price action), in
order to help you make more informed trading decisions. The
Market Probability indicator window, on the other hand, displays
the historical directional probability of the market that you are
trading (i.e., the historical probability that a given trading day
will be either bullish or bearish). Lastly, the Historical Averages
chart overlay is a chart overlay that displays the average
historical price in the same window as the price bars so that you
are able to compare the current price to the average historical
price. The Seasonals Plug-in is only available for daily charts.
Commitment of Traders Plug-in
The Commitment of Traders Plug-in gives you an idea of what
each of the main groups of market participants (i.e. Large
Speculators, Commercial Traders, and Small Speculators) are
buying and selling by displaying a color-coded histogram that
shows you the “volume direction” of each group, helping to
identify volume and position changes from one period to the
next. This plug-in is completely customizable, letting you specify
exactly how you would like both the Commitment of Traders
indicator window and the Commitment of Traders buy and sell
indicator arrows displayed. Although The Commitment of
Traders Plug-in is now available in both Track ‘n Trade futures
applications, Live and EOD, the CFTC only provides data for
end-of-day charts.
Track ‘n Trade Live Trading Platforms and Charting Software are
offered as a free 14-day trial. Click Here to learn more.
by: Kent Koefoed, Mr. Koefoed is a market technician and
research analyst for Gecko Software, Inc.
Gecko Software, Inc.
271 N Spring Creek Pkwy Ste A
Providence, UT 84332 USA
Phone:
1.800.862.7193 -- 435.752.8026
Email:
gecko@geckosoftware.com
Website:
www.TracknTrade.com (Product Site)
Product:
Track ‘n Trade LIVE, Stocks, Futures & Forex Live
Trading and Charting Platforms.
Requirements: MS-Windows, 500 MB free hard disk space,
1024x768 screen resolution (minimum) Larger recommended.
RAM 2GB (more is better). Requires Internet connectivity for
live trading and streaming market data, CPU: 2.4 GHz, higher
recommended.
Price: $297.00 (Plus small monthly data subscription fee which
also includes all future updates to the software platform.)
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by Kent Kofoed
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There are three different versions of the Track ‘n Trade Live
trading platform, and charting software, which includes Track ‘n
Trade Live Futures, Track ‘n Trade Live Forex and Track ‘n Trade
Live Stocks, where each version of the software is its own
individual trading platform.
When logging in to Track ‘n Trade Live, you have the option of
logging into a “real” account or a “demo” account. The “real”
account option logs you into your real-money trading account
and will allow you to place real-money trades, whereas the
“demo” account option logs you into your simulated trading
account and will allow you to place simulated trades. Lastly, in
order to help you get started, there is a wealth of education to
help you get up-to-speed in no time.
Once you are ready to start analyzing charts and researching
potential trades with Track ‘n Trade Live, you will be able to
back test your strategies with large historical databases and
then make trading decisions with live streaming data. Track ‘n
Trade Live also has multiple different charting options, where
you can select from any increment of one minute charts, plus,
daily charts, weekly charts, monthly charts and range charts,
and this is just one of the many ways that Track ‘n Trade Live is
highly customizable. Other ways that you are able to customize
the platform include selecting from more color options that you
could possibly imagine, choosing your favorite type of price bar
(e.g., OHLC, HLC, close, open, and
candlestick), scaling each individual
chart horizontally and vertically (or
simply selecting the “autoscale” option),
adding or removing buy/sell indicator
arrows, and basically every other
software feature customization that you
could possibly need.
After you have decided which trade to
enter into, you will be able to place your
order (real-money or simulated) with
the Track ‘n Trade Live Drag ‘n Drop
order placement, where you can select
from either a limit order, market order
or stop order. Once your order is filled,
closing out your position is just as easy
as it was to enter into your position
(i.e., you can also use the Drag ‘n Drop
order placement feature to place a sell
order, which can also be either a limit
order, market order or stop order), and,
if you need to exit your positions more
quickly, you also have the ability to exit
all of the open positions for the current
chart or exit all open positions within an
individual Track ‘n Trade Live platform.
In addition to LIVE Futures, LIVE Forex and LIVE Stocks, there
are also LIVE Options (Futures), which can either be used to
increase leverage or to manage risk. In addition to LIVE
Options, the Track ‘n Trade Live platform also has multiple
specialty plug-ins, which includes the Bulls ‘n Bears Advantage
Plug-in, Autopilot Plug-in, Candlestick Auto-Recognition Plug-in,
Seasonals Plug-in and Commitment of Traders Plug-in.
Track ‘n Trade Live Plug-ins:
Bulls ‘n Bears Advantage Plug-in
The proprietary Bulls ‘n Bears Advantage Plug-in includes both
the Bulls ‘n Bears indicator and the Advantage Lines indicator.
The Bulls ‘n Bears indicator is a color-coded indicator that
changes the price bars to either red (bearish), yellow (neutral)
or bullish (green), and displays both bullish and bearish
indicator arrows, identifying both entry and exit points,
respectively. The Advantage Lines indicator is an indicator that
uses two “Advantage Lines” to identify entry and exits points
(based on two customizable period settings), which are
displayed with buy and sell arrows, respectively.
Autopilot Plug-in
The Autopilot Plug-in gives you the ability to design, back-test,
and execute automated trading strategies within the Track ‘n
Trade Live platform. When designing your strategy, you are able
to choose from multiple different technical analysis indicators,
including the Bulls ‘n Bears indicator and the Advantage Lines
indicator (assuming that you already have the Bulls ‘n Bears
Advantage Plug-in), as well as set your own entry and exit
specifications (which includes limit orders, stops orders, trailing
stops, jump stops, etc.). After you have designed your strategy,
you are then able to back-test your strategy using historical
price data, in order to see how your strategy would have
performed in the past. Once you have completed all of your
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*Trading financial instruments, including Stocks, Futures, Forex or Options on margin, carries a high level of risk and is not suitable for all investors. The high
degree of leverage can work against you as well as for you. Before deciding to invest in any of these financial instruments you should carefully consider your
investment objectives, level of experience, and risk appetite. Only risk capital should be used for trading and only those with sufficient risk capital should consider
trading. The possibility exists that you could sustain losses exceeding your initial investment. You should be aware of all the risks associated with trading and seek
advice from an independent financial adviser if you have any doubts. Past performance, whether actual or hypothetical, is not necessarily indicative of future
results. All depictions of trades whether by video or image are for illustrative purposes only and not a recommendation to buy or sell any particular financial
instrument. See full risk disclosure