Product Review: TradeStation version 4, Build 15
When it comes to real-time trading system development and implementation software, Omega Research dominates with its TradeStation product. Developed from a trading system creator called SystemWriter, TradeStation has evolved into a do-everything behemoth of software (for instance, how many programs arrive with six manuals?), Omega's flagship product and one with little competition at its price point. Version 4.0 refines the dominant beast that TradeStation has become, cleans up some bugs and integrates Omega's newest product features.
TradeStation's forte is its system testing and automation. Its sister products down the price chain are SuperCharts ($295) and Wall Street Analyst ($49 retail). Both of these do many of the things that TradeStation does but lack, respectively, Easy Language (the system testing development environment) and some indicators and charting features. TradeStation was once the only real-time product in Omega's arsenal, but SuperCharts went real time in August 1996. All three come with Omega's massive 25-year equity and mutual fund database of price and fundamental history (three years for futures).