Are you a day trader, or do you dabble occasionally with stocks? If you’re looking for a way to leverage the Macintosh in your securities buying decisions, you may be interested in a new utility offered by Drew McCormack called
Trade Strategist. It’s a securities trading simulation program written exclusively for Mac OS X, and what’s more, it’s free.
Developed using OS X’s Cocoa framework, Trade Strategist enables you to combine technical indicators on financial Web sites into “trading strategies,” according to the developer. These strategies produce signals to buy and sell stock.
Trade Strategist can perform virtual trading on historical data download from the Web to help you determine how much you would have made or lost adopting the strategy. You can either discard your strategy or improve upon it. If you find a winning method, you can even share it with other Trade Strategist users.
“A common problem faced by amateur and semi-professional traders is a lack of faith in their trading approach. Frequently this comes about as the result of a poorly defined trading strategy,” said McCormack. “Relying too much on trader psychology frequently leads to grief in the markets. Trade Strategist allows users to define a mechanical trading strategy, which excludes trader psychology from the trading process.”