OmniTrader, version 2.5 (Nirvana Systems, Inc.) Automated charting, training and trading software. by John Sweeney Few programs go all out to automate every aspect of trading for the individual speculator. The analytical approach wherein you specify every aspect of the treatment of the data is the dominant paradigm for software, perhaps because the founders were, themselves, either analysts or programmers. Ed Downs, the creator of OmniTrader, has gone the other direction. Downs has an engineering background in design automation, a field that seeks to automate computer chip design. Downs wanted to automate the trading process, and his company started out in 1991 by creating utilities that automated various aspects of other folks’ trading software (MetaStock, AIQ and Telescan). All this automation stuff eventually led to the creation of OmniTrader, the goal of which is to automatically produce buy and sell signals based on certain analysis techniques, which you then confirm against the automatically generated visual aids (trendlines, candle patterns and so forth). Not that you can’t use OmniTrader to tweak. |
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