Quote from Murray Ruggiero:
Using a Trade Plan you can easily code that logic. We have a demo, which ships with the product that allows you to rank all stocks in the portfolio by relative strength. In addition you can also from a trade plan signal a system to exit any positions you want on the next bar. We did this so you can rebalance a portfolio in a trend following system if open profits of one trade reach to high of a percentage of equity.
Yes in TradersStudio you can do almost anything you can dream of when it comes to trading system development, portfolio based trading and money management. In addition TradersStudio is a great tool for even beginning traders.
The product comes with many build in classic fully disclosed trading systems. Many vendors have developed versions of their systems for TradersStudio, including several of the top ranked systems in Futures Truth. Some of these systems offer features only available in TradersStudio.
The product has great charting, include not only simple charts like bar, and candlestick but also Point and Figure, Kagi, Renko and Three Line Break. It comes with many build in indicators as well as the ability to write your own indicators, alerts, and mark bars, color bars, trading advisors, which are like expert commentary in TradeStation. We have a set of drawing objects like, Trend lines, Gann Fans ect. We even have features like Darvas boxes which you can apply to charts.
This is a full-featured trading application easy enough to use for beginning traders interested in learning about systems or just traders interested in technical analysis, but powerful enough for the large hedge fund managers to have all the tools they would want.