Product review: TraderMaker PRO by Technical Analysis, Inc.
4548 Atherton Drive, Suite 200,
Salt Lake City, UT 84123
Phone: sales 800 508-9180;
technical support 801 265-9998
Email: email@example.com, firstname.lastname@example.org
Internet: www.metastock.com, www.metastock.com/products/thirdparty/?3PC-ADD-TRMK
Price: $79/month (first month is free)
TraderMaker PRO is a Meta Stock add-on developed for intraday trading. The developer, Steve Ruffley, is an intraday trader, and in TraderMaker PRO you will see the types of screens he uses to trade the market. The key element is the expert advisor. It contains logic that recommends support & resistance, and when conditions are met, it also gives you prices that reflect Fibonacci levels. Included are some measures of whether the market is overbought or oversold.
The context of TraderMaker PRO is a trend-following system suggesting entry points for long and short positions. When the trend reverses, it also identifies those turning points. There are templates and layouts to choose from to set up your chart with the appropriate indicators. Say you open a daily chart of QQQ and then apply the TraderMaker D1 template; you’ll see a screen similar to what you see in Figure 1. Besides the D1, which stands for a one-day chart, there are templates for hourly (H1); five (M5) and 15 (M15) minutes; weekly (W1); and monthly (M1) charts. If you attach the expert advisor, you’ll also get support & resistance and Fibonacci levels when there is a Bollinger Band break.