View Single Post
Old 09-30-2009, 02:27 AM
StockTrader6080 StockTrader6080 is offline
ItalkCash User
 
Join Date: Sep 2009
Posts: 11
Send a message via Yahoo to StockTrader6080
Default

Evette,

All Forex programs are different and from what I have seen, most do not give you 100% control or are very elementry. Like they only follow a few basic rules.

Whereas, the CoolTrade Robotic traders are all point and click (no programming) are do everything. I put in all of the criteria/rules to build the watch list of qualified stock (or symbol pairs for Forex), open position rules, add to position rules, exit rules, profit goals (like .50 a share or 4%) and the system finds the stocks that meet the conditions and does the trades, completely managing the positions 100% on it's own. It calculates everything, so it calculates the profit and loss targets and the target points for when to add to positions.

Nice thing is, it follows my rules 100% of the time. If I was trading manually, I could never follow so many stocks and rules. I would be violating rules all over the place. My traders are ruthless and force the market to come to me before a trade is made. They never lose their patience or their nerve.

It is also a perfect learning tool, because You can use strategies that are already created by other users. You can even see the free strategies on the website. No gimicks or pictures of speed boats. I say it is a great learning tool because all day it tells you the reason that it is not opening a position, like "Current Stock not above 20 Day Simple Moving Average". I am not aware of any other trading system that does so much and is so easy to use. No gimicks. As I understand it, CoolTrade automated TD AMERITRADE and Jim Cramer (Mad Money) at their request.

Keith

Goodbye Mutual Funds. Hello CoolTrade Robotic Stock and Forex Traders
Reply With Quote