Quote from Epic:
I tried for a long time to discover an off-the-shelf analysis/automation program that would both do the numerical/stat analysis and then allow me to develop trading signals and automated triggers based on the results. In the end, there was no such program, even for $$$$. The retail programs really just provided tools to backtest the same types of strats that everyone loses money with. Like Tenthousandmen suggested, these programs are incapable of developing an automated system better than discretionary.
Basically, no retail software is going to have a packaged analysis platform that will provide an edge in trading. Every Joe out there is running MAs, bands, channels, S&R, Stochs, with these retail apps. There is no edge there. If you want an edge you must be more creative and determined than that, and this means using tools without built in boundaries. Any app offering built-in scanners and analysis packs is imposing the exact boundaries that you must avoid.
Well-stated. Clearly, if becoming a profitable trader were just a matter of shelling out dollars for a trading platform, there would be a lot more profitable traders. In fact, for me, I had to break the boundaries of an approach of a mentor of mine, which, although it worked, i.e. had positive expectancy, left me wanting more.
Due to the unconventiality of my approach (I use that word reservedly because I am not really the proper judge of whether my approach is unconventional, but I use it also because I've never seen any discussion here of the things I consider most important in trading, so I take the absence of those discussions as indicative that they are not important to others, which is fine by me), I had to build my own tools from scratch and Excel is my program of choice. Nothing I do is visual nor does it require any real-time analysis beyond some simple math. I also have Excel databases which houses all of the background data which drives my trade logic and my past trade results for post-trade analysis, but even for that Excel is more suited than a relational database would be.