Stocks & Commodities V. 25:7 (68-72): Product Review: Odds Maker by David Penn

Stocks & Commodities V. 25:7 (68-72): Product Review: Odds Maker by David Penn
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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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