Product Review: Visual Trader 4.0 by Sean Moore
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.
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.