Market Reflex description
Mass technical analysis strategy profitability screening of stocks
Market Reflex is a technical analysis program that can screen thousands of stocks in minutes each day, then rank them by strategy profitability. Optimize a custom strategy for your stocks, then automatically check daily for trade signals, using free data. List management, sector classification, extensive reporting and much more.
More than just a trade signal screener, Market Reflex:
· calculates the profit from every strategy for all stocks, using a year or more of historical data
· provides trade recommendations based on your indicator criteria
· determines the best trade decisions quickly and inexpensively, using free data from major exchanges world wide
STOCK RESULTS RANKED FOR PROFITABILITY
Hundreds or thousands of stocks can be quickly backtested to yield historical trades from which profitability can be calculated. Results are then ranked by profitability so that you can easily see which stocks are most likely to succeed with the strategy being used.
WHEN TO CONSIDER A TRADE
Some of the stocks will show buy or
sell signals for the next trading day. If a sell signal occurs for a stock already held, a sale should be considered. Buy signals represent stocks which may be considered for purchase during the next trading day.
THE KEY IS BACKTESTING
Backtesting differs from ordinary stock screening in that it simulates trading with historical values using accepted technical indicators. It calculates trades and provides results such as profitability and winning trade percentages. If you know that a strategy has performed well in the past, you will be more confident about relying on it for current trade signals.
MARKET REFLEX VALUES YOUR TIME
Once set up, Market Reflex can run unattended day after day, downloading, updating and monitoring stocks - ready to deliver the information you need when you want it! And it is easy to use, even if you are new to technical analysis, with no formulas to enter or complex programming.
MEASURING PROFITABILITY
Profitability in Market Reflex is the percentage return on the capital utilized while the stock was held. The capital gain percentage for a trading period does not recognize the duration for which capital was utilized in earning the gain.
For example, two strategies that both earned $1,000 in a year on $10,000 capital would have the same capital gain percentage of 10%. One strategy may have held the stock for four months in total, the other for eight months. This is not equal performance since the strategy holding the stock for four months freed the capital for eight months for other investments versus only four months for the other stock.
The performance of the strategies in this example can be fairly compared by calculating the capital gain on the duration during which the capital is actually utilized. For the first stock this would yield a return of 30% versus 15% for the second.
Requirements:
· Obtain an install
serial number from marketreflex.com for a 30-day trial or purchase.