Stocks & Commodities V. 25:7 (68-72): Product Review: Odds Maker by David Penn
Product Description
Product Review: Odds Maker by David Penn
If a picture could tell a thousand
words, then how many
pictures would it take to tell
the story of Odds Maker,
the deceptively simple to use risk assessment add-on offered by
Trade Ideas, the developers of Trade
Ideas Pro?
In the words of Dan Mirkin, David
Aferiat, and Jamie Hodge — managing
partners and director of customer education,
respectively, at Trade Ideas LLC
— Odds Maker goes where no other
software product on the market has gone
before. Not only does the software watch
“every tick of every stock all the time,”
but it also runs every tick of every stock
through its extensive set of
preconfigured trading strategies to determine
which methods, which algorithms,
are “working” right now. The software allows traders to go back up to
about two and a half weeks of stock
market history and review up to 100
trades a day. Of course, as traders become
more comfortable and knowledgeable
about the software, they will take
advantages of Odds Maker’s strategy
building tools to create as complex or as
simple algorithms as they choose —
without relying on a scripting language.
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