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Difference between softwares

Chart Forum » Trading - Systems » Difference between softwares

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born2win
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Username: born2win

Post Number: 22
Registered: 02-2007

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Saturday, May 26, 2007 - 03:11 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi, i just wanted to know whats the difference between the softwares. You have those basic software which will cost you 1,000 - 2,000 and then you will have those "professional" program that cost your pockets $4,000+. I just wanted to know whats the difference between them? I know it's because of the functions, but how affective are they?

Would incrediblecharting be upto standard with those that claim to be "professional" softwares.

Thanks


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lylo
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Username: lylo

Post Number: 13
Registered: 03-2007

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Saturday, May 26, 2007 - 04:32 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi b2w
I bought SITM starter pack around $3000 then yearly access to system around $600. I never paid second year signed up
with IC.
...........cheers


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jimm
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Username: jimm

Post Number: 16
Registered: 04-2007

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I think its not how much you pay for these systems,but more how you interpret and use the results that they give.

There is no perfect system,if there is will someone tell me what it is!

Jim







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ingot54
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Username: ingot54

Post Number: 1868
Registered: 05-2004

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Saturday, May 26, 2007 - 08:57 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Anyone who has used some of the other proprietary packages will tell you they do so for specific functions.

The basic difference that I can see is in the quality of the screening programmes attached, and perhaps an attached backtesting function.

You will be hard-pressed to improve on IC for ease of use and charting function, unless you want to split hairs over something more subtle, which really goes back to the skills of the user.

Successful scanning depends on the parameters you use (input) and then further success depends on what you do with those results (trading skills). IC is improving its abilities all the time.

A $3000 package can not make you a better trader.

A package with a half decent backtesting facility would be a decisive advantage, and I suggest you put a call out to Ken in this area. I believe he would have the expertise to answer this much better than I.

With IC you get more than you pay for.

With some of these others, you may not get more.

JMV

Best wishes

Ingot


Keep Smiling - Don't look back

Trading style: Chartist Artist _ Breakouts and Shakeouts.

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