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Tradestation

Average Customer Rating: (based on 10 reviews)

(4.4 stars vs. 4.5 category average)

Your Rating: (write review)

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Recommendations by Profile:

Casual Trader
0 of 0 		0%
Intermediate Trader
5 of 5 		100%
Expert Trader
4 of 5 		80%
All Traders 9 of 10 90%

Recommendations by Usage Length:

A month or less
0 of 0 		0%
1 - 3 months
1 of 1 		100%
3 - 6 months
1 of 1 		100%
6+ months
7 of 8 		88%
All Traders 9 of 10 90%

Characteristics:

Pros:
Easy to use, Many indicators, Easy to edit auto trade programs, Web-based, Customizable layout, Ability to customize indicators, Large user base
Cons:
No automated backtesting, Not user-friendly

Description:

Tradestation is a powerful charting package that offers a lot of historical data. Traders often use it for its extensive backtesting capabilities.

Single Review: (view all 10 reviews)

Pippy
Pippy

Expert Trader

If you are gonna pay for charts...

4/2/2009

19 of 19 customers found this helpful (100%)

Pros:
None
Cons:
None
Bottom Line:
No, I would not recommend this to a friend
Quote:
I'm not a TradeStation hater. However, reviews should help folks and shed light on "all" the possibities. So... basically, if you want the same features (with more options & indicators), a lower price and free data feed(s), try MCFX. If you compare both platforms side-by-side, MCFX has more features for a lower price. Yes... I know the loyalty that some TradeStation users have, but at least check it out before you roll your eyes, lol...

One thing that I will say: "TradeStation offers more "plugins" and free user custom indicators via their forum. BUT MCFX offers a free tool to quickly transpose any EasyLanuage (TradeStation's code base) indicator.
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