Thursday, February 26, 2009

A new service for retail investors

Here is a new low-cost service called Alerts4All that offers technical trading signals for retail investors. You can, for example, have an alert sent to you every time a "Double bottom" pattern occurs.

A much more advanced version of the service will be rolled out soon -- I saw a demo today where you can backtest your strategies online, combining different fundamental and/or technical variables as entry or exit signals. They also have some built-in models for you to adapt (e.g. a model based on The Little Book that Beats the Market by Joel Greenblatt.) More interestingly, you can look at other people's trading models and their historical and/or real-time performance.

Matlab or Alphacet it is not, but I think it will be quite useful for many retail traders. It might even be useful to professional traders who want a quick-and-dirty way to test out ideas.

4 comments:

newtonlinchen said...

Dear Ernest,

In quoted your blog in my last post. (http://newtonlinchen.wordpress.com/2009/03/04/quant-talk/)

Ernie Chan said...

Thanks, Newton!

newtonlinchen said...

Dear Ernest,

I tried to login at epchan.com/book/sp500_20071121.xls but it failed. I used the correct password and login... Is it not available anymore?

Newton.

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