OmniTrader - Stock Trading Software & Market Technical Analysis

Omnitrader 2007 Upgrade

OmniTrader 2007 is Advancing the Art of Money Management

OmniTrader 2007 is able to calculate the optimal trade size for any Strategy or series of trades in your brokerage account. It automatically compares the results from multiple methods and selects the best one. The answer is linked to Trade Plans, so when you place a trade you can see how many shares or contracts you should buy based on the optimal method for the securities you are trading and the Strategy you are using. And of course, it’s 100% automated through OmniTrader’s To Do List.

Upgrade Today for $199

Portfolio Simulator

The Portfolio Simulator evaluates your trades to find the best Allocation Method to use for optimal trade sizing – AUTOMATICALLY! Seven Allocation Methods are provided in OmniTrader 2007. The Portfolio Simulator lets you compare the results of these seven different methods:

Fixed Trade Size
Fixed $
Kelly Criteria
Size to Equity
% of Equity
Optimal f

The best method to use depends on the profit and loss characteristics of the individual trades being considered. Activate all the methods you want analyzed and the Simulator will automatically find the best one to use.

Trade Size Calculator

After a Portfolio Simulation has been run, you have access to the best trade size calculated by each method in the Trade Plan interface. The Trade Size Calculator will tell you how many shares or contracts you should buy or sell. No other product has an integrated Portfolio Simulator that makes determining optimal trade size this easy.

Reward:Risk Tool

The idea of Reward:Risk is simple – set your Profit Target (expectation) to a given multiple of your loss stop. A good value to shoot for is 2:1. If you consistently set up your trades with this ratio, you only have to win on slightly more than 1/3 of them to make money. When you are ready to trade, simply attach the Reward:Risk tool at your entry level and stretch it until the lower line matches your stop loss. By visual inspection, you can quickly determine if the levels are reasonable. It is easy to see the relationship with this powerful new tool.

OmniScript in Trade Plans

The addition of OmniScript to Trade Plans will help with the customization of entry and exit conditions. You can add specific checks based on any indicator to decide what to do next and you can also check conditions for other symbols. This powerful feature will lead to even more improvements in your Strategies.

Forex

Forex is now supported in OmniTrader Futures, Real Time and Professional editions. The futures database has all the correct margin numbers to track gains, so all you do is add your Forex pair symbols and run OmniTrader’s analysis on them.