Wednesday, September 24, 2008

Medved Quotetracker Review

Medved Quotetracker is one stock trading software that you should not take for granted. Despite its inexpensive price, it is a software that is fully packed with features which will aid you to make the right decisions with your trading.

Quotetracker is a charting software that accepts real time data from many sources including brokers and data vendors. When your computer goes offline, most brokers do not give out backfill data, which is why you need to complement feeds from brokers with the ones from data vendors to fill in the gaps. You won’t be paying much for the services of these data vendors since they offer packages less than $20 in cost per month. These feeds from these data vendors including backfills work very well with the Quotetracker.

A distinct advantage of Quotetracker over other charting software is that it has customizable charts. You can find standard technical indicators as well as complicated ones like Twiggs Money Flow and Woodie’s pivot. The software developer Jerry Medved is known to add user-requested indicators to Quotetracker for ease of use. Quotetracker’s charts are also free floating – meaning you can drag them anywhere in the screen so you are able to see everything in its right place. In addition to this, the program is also multi-monitor friendly since it remembers the position of each individual chart so that you can start where you have left off.

Index future traders will be delighted to know that Pivot Points is included in the standard indicator list of the program. Aside from getting the daily pivots, a user can choose to get monthly and week pivot points to determine different support and resistance levels. The software also integrates trading from within. All a trader has to do is to use his broker’s login information to access the interface of the Quotetracker. Order entry and monitoring of transactions has been noted to be faster with the Quotetracker interface.

Compared to other stock trading software, Quotetracker will not use up a lot of your computer’s resources. In fact, it only takes 10 to 20 percent of your CPU’s resources even when running on a 1.8 Ghz AMD Athlon with 20 charts opened in two monitors. Because the software only uses a small part of your computer’s resources, you will be able to run an order entry platform from Interactive Broker and WinTV to monitor Bloomberg or CNBC.

On the overall, Medved Quotetracker is an exceptional charting software which integrates information from data feeds, financial sites, and brokers to provide real-time data analysis, monitoring and other processes important to trade effectively in the fluctuating market today. Functionality and price-wise, the Medved Quotetracker is the one to beat. It may be an added bonus to know that its developer, Jerry Medved, will personally tend to any problem you may face while using the software. What customer service could get better than that? That said, it would be best if you put your judgments aside and see for yourself what a great software the Quotetracker is.

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These feeds from these data vendors including backfills work very well with the Quotetracker.
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