Quote from andrasnm:
I am testing out some DT strategies (I know the sky is falling) and I have the following setup:
1) Prophet.net real time quote feed - free
2) Medved QT - free (w some ads)
3) WLD 3.0 (optional but not free) needs QT 'bridge dll' adapter
I had CCI and some other strategies from woddies CCI room as well as other DT 'systems' to check out in wealth-script.
(I do not even use WLD most of the time recently).
So my point is why pay anything (short of paying the very small fee for medved to make the thing go faster and no see the ads...)
as long as I am testing I pay squat, once maybe I trade a little for dollars, I will pay something but it will never be as much as some of you on ET.
Trading is a biz and overhead can kill any biz . no matter how good of a trader you may be.
So here is the setup for the money conscious and smart.
Dont listen to these loud mouths on this forum. If you are starting out with a small account say $20,000, then you should spend no more that $20.00 per month on trading tools, thats a little more than 1% annually of your total account equity. These dopes who trade a $20,000 trading account and spend $200.00 a month are foolish, thats over 10% annually on tools. Be conservative keep your costs low as you build account equity.
