Have you ever done something small yet really stupid while trading stocks that you wanted to kick yourself because that one small error cost you a lot of money? Does pressing the buy button instead of the sell button ring a bell? Or what about accidentally typing in another zero in the price field, resulting in a larger price that what you actually intended to input? If you wish there is a software which can minimize human errors automatically, then your wish is granted. Read the following information about BracketTrader.

How to Use BracketTrader?

The first thing that you need to do is, of course, to visit the official website of BracketTrader. You should also check if you have the latest version of Java. If not, upload it. Then, you can install the Trader Workstation and the BracketTrader software. After doing this, just follow the prompt that will appear on your monitor and you can now enjoy the benefits being offered by this software. If you want to read more about this application and how to use it, you just have to click F1 while you are using the application and it is in focus. You can also see a file in PDF format included in the BracketTrader folder when you click the Start button or tab. You will get this help file once you install the software.

If you do not want to register, it is fine. You will still be able trade using some symbols and the time is limitless. However, there is a maximum number of contracts that you can trade which slims down your chances of success. If you will register, you can personalize or create and choose your own sounds, symbols, and the contracts are unlimited.

What is BracketTrader?

BracketTrader is a software which is a type of API (Application Programming Interface) that helps you manage and monitor your IP trades.
The software has several features such as small footprint, flexible size of the window and entry and exit options, strategy saver, time stop, trade several different symbols, continue position tracking, automatic trade logging, realistic simulator, volume tracker, e-signal data feed and playback, features tester, chatroom trade poster, automatic entry system, and bonds.

How Does BracketTrader Work?

This software will automatically send you exit orders if it has observed or monitored that a trade entry has already been filled. It is called BracketTrader because it sends two OCAs or a couple orders of “one cancels all”. The two orders are on the profits or stop loss sides each, thus the name “bracket”. It saves a copy of all the procedures or what have been going on to keep all those necessary information which you can refer back to whenever you need to. It also minimizes, if not completely eradicates, errors or mistakes caused by human’s poor judgement or negligence.

Why I Recommend BracketTrader

The software is very simple and easy to use. It is very user-friendly. It is like playing a game when are managing your orders because of its very easy approach. It is very flexible. You can manipulate the screen size so that your screen will not be cluttered with several big windows and different information. This will prevent you from getting distracted with your main goal—to earn profits. Everything is just a click away, which makes transaction very fast. The feature realistic simulator also allows you to practice strategies before applying them in real life, which prevents or minimizes losses. The software is also about doing things automatically, like what has been discussed previously. This makes everything more reliable and consistent.

Posted: March 25th, 2009 under Uncategorized.
Comments: none