Collection of systems now available through new channel
FYI -- Wall Street Software is now distributing Greg Morris's Indicators & Trading Systems 11-volume collection. The indicators and systems come ready for direct installation into MetaStock for Windows, SuperCharts, TradeStation or Window on WallStreet. The indicators and systems can be used with any data, and can view, scan, compare or rank them depending on the features of the analysis program.
Volumes 1 through 5 were developed with themes in mind, with indicators and systems that utilize a specific area of analysis, such as candlestick or market breadth. Volumes 6-9 contain indicators and systems that were introduced or discussed in STOCKS & COMMODITIES over the last 13 years. The 11 volumes contain more than 450 indicators and systems in all.
NEW -- Window on WallStreet has released Day Trader Pro. This advanced version of Day Trader offers a programming language in which to develop trading systems. The development platform uses an open architecture and has the ability to read Omega Research's Easy Language programs and trading systems directly. Thus, traders can use third-party add-on software that was developed for use with TradeStation.
The new programming language is combined in Day Trader Pro with system testing and analysis tools, as well as software features. Upgrade prices are available to current users of Day Trader.
FYI -- Professional Solutions offers OddsCalc, a new trading tool with calculators for 29 separate markets for trading options on futures. OddsCalc is a spreadsheet program developed by Larry Beavens and requires the 1997 version of either Lotus 1-2-3 or Microsoft Excel for Windows 95.
The calculators in OddsCalc instantly compute premiums collected or paid, either on single or multiple contracts. OddsCalc helps find trades with 80-90% statistical probability of success. It calculates probability, NOP, credit spreads, debit spreads, multiple positions, and what-if scenarios.
OddsCalc is $539 and comes with step-by-step instructions.
NEW -- Matheny Enterprises has introduced Pattern Forecaster Plus investment analysis software. The program allows Windows users to perform technical market analysis to identify potential buy and sell points using an advanced interpretive engine and a database of price pattern formations.
Pattern Forecaster provides market analysis information to the user's desktop in the form of a detailed text and graphic signal. In addition, the software can automatically notify the users of potential buy, sell, top, bottom, support, resistance and other types of investment signals.
Pattern Forecaster comes in two versions: Version 1.0 is an entry-level analysis tool and version 2.0 is an advanced tool for brokers and professional investors. Evaluation versions of both programs are available at Matheny Enterprises' Web site.
FYI -- OptionsAnalysis.com is a new Web site by Global Investment Management Corp. that offers applications to analyze futures, options and combination trades.
The Web site began as a series of applications used by professional traders to analyze options volatility to determine which options were overpriced and which were selling at discount. Proprietary applications on the site include the Flytrap, the Combo Analyzer, Implied Volatility rankings and Bollinger band breakouts. In addition, the site offers futures and options pricing and graphical analysis. A database of historical prices and volatility allows traders to test the effectiveness of various trading strategies using real data.
A subscription fee is charged for access to the proprietary applications, but the site also offers two and a half years of free pricing information and implied volatility data for US commodities. In addition to the Web site, Global has also packaged the volatility rankings as part of its TradeFinder fax service.
FYI -- M. Gordon Publishing Group is offering the fifth printing of Jeff Cooper's Hit and Run Trading, originally published in September 1996. The book teaches short-term, low-risk setup patterns for trading equities. It presents a methodology that seeks to beat buy and hold, and uses both short and long trades. Because it incorporates short selling, the methodology is designed to work in bear markets as well as bull.
The first three chapters discuss trading terms, rules and criteria. Then, a series of 11 strategies are explained in detail, each illustrated with trades that the author actually executed, supported by references to charts reprinted in the book.
NEW -- MurphyMorris, a provider of interactive market analysis education to individual investors, has released "John Murphy Explains Market Analysis: Visual Analysis," on CD-ROM or videotape ($49.95 plus $5 shipping). It's the first in a series of education multimedia and online products that address charting and analysis tools for the markets.
MurphyMorris was founded by John Murphy, formerly a technical analyst for CNBC. The company offers online and multimedia products offering instruction to investors on market analysis. The products use animation to demonstrate how different price charting techniques can be used to analyze market trends.
MurphyMorris also offers a Web site and weekly fax service offering analysis and commentary. The Web service is $49.95 per year and the fax service is $249.95 per year and includes access to the Web service.
FYI -- Data Transmission Network (DTN) and DataCode jointly announced DataCode as a provider of private labeled and network software to support the distribution of DTN services related to financial, energy and other industries.
DTN services provide information electronically via KU satellite, FM sideband channel, fax, cable TV (VBI) E-mail and the Internet.
DataCode provides market performance software for access to market data. Data Transmission Network provides information and communication services.
