Stocks & Commodities V. 26:7 (68-70, 93): Product Review: Visual Trader 4.0 by Sean Moore
Product Description
Product Review: Visual Trader 4.0 by Sean Moore
NIRVANA SYSTEMS
VisualTrader is a powerful software package that has steadily evolved since its introduction in 2002. While many charting packages are available that allow you to chart indicators and generate buy and sell signals based on various trading systems and strategies, VisualTrader is unique in its ability to display technical information in a graphical (visual) format. VisualTrader also has the more traditional charting and trading systems features that you may be more accustomed to. Combining these traditional and visual features may just provide that edge you need to trade profitably.
With VisualTrader, there is a lot of processing going on behind the scenes, so the software does require a fairly upto- date computer. A 2GHz processor, 2GB of RAM, and a graphics card with at least 64 MB RAM is recommended, along with a broadband connection. When you first start up the program after installing, you will be asked to connect to a data source. For real-time data, you’ll need a data account with eSignal, IQFeed, or QCharts. After selecting your data provider, you’re ready to build your first map.
THE VISUALTRADER TRANSFORM AND MAP
The first step with VisualTrader is to build your stock or futures or forex universe. Select the stocks or contracts that you’d like to follow and build a map. You can add stocks and futures and forex contracts onto the same map. I was using an eSignal data connection that had a symbol limit of 500, so I did have to be careful not to add more than 500 symbols to my map. Several prebuilt maps are already loaded into VisualTrader: Standard & Poor’s 500, Standard & Poor’s 100, Dow 30, NASDAQ 100, Nirvana 100, and Nirvana 300. The Nirvana100 and 300 maps are designed to help find group rotations using highly correlated stocks. Figure 1 shows a map of the S&P 500 using a daily time frame. You can easily see that it was a strong day in the market, with most of the stocks trending up.
NIRVANA SYSTEMS
VisualTrader is a powerful software package that has steadily evolved since its introduction in 2002. While many charting packages are available that allow you to chart indicators and generate buy and sell signals based on various trading systems and strategies, VisualTrader is unique in its ability to display technical information in a graphical (visual) format. VisualTrader also has the more traditional charting and trading systems features that you may be more accustomed to. Combining these traditional and visual features may just provide that edge you need to trade profitably.
With VisualTrader, there is a lot of processing going on behind the scenes, so the software does require a fairly upto- date computer. A 2GHz processor, 2GB of RAM, and a graphics card with at least 64 MB RAM is recommended, along with a broadband connection. When you first start up the program after installing, you will be asked to connect to a data source. For real-time data, you’ll need a data account with eSignal, IQFeed, or QCharts. After selecting your data provider, you’re ready to build your first map.
THE VISUALTRADER TRANSFORM AND MAP
The first step with VisualTrader is to build your stock or futures or forex universe. Select the stocks or contracts that you’d like to follow and build a map. You can add stocks and futures and forex contracts onto the same map. I was using an eSignal data connection that had a symbol limit of 500, so I did have to be careful not to add more than 500 symbols to my map. Several prebuilt maps are already loaded into VisualTrader: Standard & Poor’s 500, Standard & Poor’s 100, Dow 30, NASDAQ 100, Nirvana 100, and Nirvana 300. The Nirvana100 and 300 maps are designed to help find group rotations using highly correlated stocks. Figure 1 shows a map of the S&P 500 using a daily time frame. You can easily see that it was a strong day in the market, with most of the stocks trending up.
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