Full Review TBO Trading Software

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Choosing the Right Day-Trading Software

Computer applications have made it easy to automate trading, especially for short-term intensive activities like day trading, making the usage of trading software very popular. The debate continues over the profit potential that can be realistically derived from day-trading activities using online trading platforms, as brokerage fees and commissions are said to take away the major portion of available profit potential. It thus becomes very important to select the right day-trading software with a cost-benefit analysis, assessment of its applicability to individual trading needs and strategies, as well as the features and functions you need.

Day trading is a time-bound trading activity where buy or sell positions are taken and closed on the same trading day with an aim to make profits in smaller price differentials on large order volumes by frequent buying and selling, usually on leverage.

Key Takeaways

  • Day trading software entail tools and order entry platforms that allow day traders to carry out their work in an efficient and consistent manner.
  • These platforms often include automated trading based on parameters set by the day trader, allowing for orders to be sent to the market quicker than human reflexes.
  • Choosing the right day trading software system requires understanding the costs and benefits of each offering and if you will maximize its functionality.

What Is Day-Trading Software?

Day-trading software constitutes a computer program, usually provided by brokerage firms, to help clients carry out their day-trading activities in an efficient and timely manner. They often automate analysis and enter trades on their own that enable traders to reap profits that would be difficult to achieve by mere mortals. For example, a day trader may find it impossible to manually track two technical indicators (like 50- and 200-day moving averages) on three different stocks of his or her choice, but an automated day-trading software can easily do it and place trades once the set criteria are met.

The features and functions available may differ from one software package to the next and may come in different versions. Apart from brokers, independent vendors also provide day-trading software, which tend to have more advanced features.

How Does Day-Trading Software Work?

Three basic features of any day-trading software include:

  • Functionality allowing the setup of trading strategy (based on technical indicators, news, trading signals or pattern recognition) in the trading system
  • Automated order-placing function (usually with Direct Market Access) once the criteria are met
  • Analytical tools to continue assessment of existing holdings (if any), market developments and features to accordingly act on them

Any day-trading software will require a one-time setup of trading strategy along with setting the trading limits, putting the system on live data and letting it execute the trades.

A simple example: Assume stock ABC is dual-listed on both the New York Stock Exchange (NYSE) and on Nasdaq. You are looking for arbitrage opportunities and there is a day-trading software available for it. You set up the following:

  • Select stock ABC for arbitrage and select two markets (NYSE and Nasdaq) for trading.
  • Assuming both legs of intraday trade costs you a total of $0.10 per share for brokerage and commission; you aim to look for price differentials between the two markets in excess of that amount. So you set (say $0.20 or above) as the price differential—i.e., the software should execute a simultaneous buy and sell order only if the bid and ask prices on the two markets are differing by $0.20 (or more).
  • Set the number of shares to be bought and sold in one order (say 10,000 shares).
  • Let this setup go live.

Say the software identifies that ABC has quotes of $62.10 on NYSE and $62.35 on Nasdaq (a differential of $0.25) for orders of more than the set limit of 10,000 shares. The day-trading software will initiate trade as it matches the defined criteria, and will send orders to the two exchanges (buy at lower priced and sell at higher priced). If everything goes well, this day-trading software will make ((62.35 – 62.10) – 0.10 = 0.15) * (10,000) = $1,500 of net profit for the trader in a flash.

Further enhancements in the above software may include stop-loss features—say if only your buy trade gets executed but not the sell trade. How should the day-trading software proceed with the long position? A couple of options can be included as enhanced features in the software:

  • Continue to look for sell opportunities at identified prices for a specific time. If no opportunities are identified in the specified time, square off the position at loss.
  • Set stop loss limits and square off the buy order, if the limit is hit
  • Switch to an averaging technique—buy more stocks at lower prices to reduce the overall price

Features and Functionality

The above is an example of arbitrage where trading opportunities are short-lived. A lot of these types of day-trading activities can be set up through day-trading software and thus it becomes extremely important to select the right one matching your needs. Some characteristics of good day-trading software:

  • Platform independence: Unless a trader is running highly complex algorithms for day-trading requiring high-end dedicated computers, it is advisable to go with a web-based software offering. Benefits include connectivity from anywhere, no manual installations of upgrades and no maintenance costs. However, if you are using highly complex algorithms that require advanced computing, then it is better to consider dedicated computer-based installable software, although that will be costly.
  • Your specific needs for day trading: Are you following a simple day-trading strategy of moving-average tracking on stocks, or are you looking to implement a complex delta-neutral trading strategy including options and stocks? Do you need a forex feed or are you trading on specific products like binary options? Trusting the claims on stockbrokers’ website content is not enough to understand the offering. Ask for a trial version and thoroughly assess it during the initial phase. Alternatively, check the screen-by-screen tutorial (if available) from the stockbroker or vendor to clearly understand the right fit for your day-trading needs.
  • Additional Features: Day trading attempts to capitalize on short term price movements during the day. Such short-term price movements are in turn driven primarily by news and supply and demand (among other factors). Does your day-trading strategy require news, charts, Level 2 data, exclusive connectivity to particular markets (like OTC), specific data feeds, etc.? If so, are these included in the software or would the trader have to subscribe to them separately from other sources, thereby increasing the cost?
  • Analytical Features: Pay attention to the set of analytical features it offers. Here are a few of them:
  1. Technical Indicators/Pattern Recognition: For traders who attempt to benefit from predicting the future price level and direction, a wealth of technical indicators is available. Once the trader finalizes the technical indicators to follow, they should ensure that the day-trading software supports the necessary automation for efficient processing of trades based on the desired technical indicator.
  2. Arbitrage Opportunities Recognition: To benefit from the slight price difference of a dual-listed share on multiple markets, simultaneous buying (at a low price exchange) and selling (at a high price market) enables profit opportunities and is one of the commonly followed strategies using day-trading software. This requires a connection to both markets, the ability to check price differences as they occur and execute trades in a timely manner.
  3. Mathematical model based strategies: Few automated trading strategies based on mathematical models exist—like the delta-neutral trading strategy—that allow trading on a combination of options and its underlying security, where trades are placed to offset positive and negative deltas so that the portfolio delta is maintained at zero. The day-trading software should have the in-built intelligence to assess the current holdings, verify available market prices and execute trades for both equity and options as needed.
  4. Trend following strategies: Another large set of strategies commonly implemented through day-trading software.

Cost and Other Considerations

As can be observed from the above list, the sky is the limit with computer programming and automated software systems. Anything and everything can be automated, with lots of customizations. Apart from selecting the right software, it is very important to test the identified strategies on historical data (discounting the brokerage costs), assess the realistic profit potential and the impact of day-trading software costs and only then go for a subscription. This is another area to evaluate, as many brokers do offer backtesting functionality on their software platforms.

  • Cost of software: Is the software available as a part of standard brokerage account or does it come at an additional cost? Depending on your individual trading activity, the cost-benefit analysis should be carried out. Care should be taken to assess the available versions and their features. Most trading software comes free by default with a standard brokerage account but may not necessarily have all the required features meeting your trading needs. Be sure to check the costs of higher versions which may be significantly higher than the standard one. These costs should be discounted in evaluating the returns from trading and decisions made based only on the realistic gains.
  • Price Accuracy: Does the broker and day-trading software support NBBO (national best bid and offer)? Brokers who are NBBO participants are required to execute the client trades at the best available bid and ask price, ensuring price competitiveness. Depending upon the country-specific regulations, brokers may (or may not) be mandated to provide the best bid and ask prices. Traders trading international securities with international brokers and software should consider confirming this for the specific market.
  • Protective Features: It’s exciting to have software make money for you, but protection is paramount. With the advancement of technology, there also exist “sniffing algorithms & software” that attempt to identify the other-side orders in the market. They are designed to allow their owners to benefit from it by “sensing” the orders on other side. It will be worth considering if your day-trading software is vulnerable to such sniffing or whether it has preventive features to hide exposure to other market participants.

The Bottom Line

There are endless horizons to explore with trading using computer programs and automated software systems. It may be extremely exciting to make money at the click of a button, but one needs to be fully aware of what’s going behind the scenes: Is the automated order is getting at the right price in the right market, is it following the right strategy and so on. A lot of trading anomalies have been attributed to automated trading systems. A thorough evaluation of day-trading software with a clear understanding of your desired trading strategy can allow individual traders to reap the benefits of automated day trading.

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Best Betfair Trading Software 2020 (Betting Exchange Tools)

Looking for the best Betfair trading software?

No doubt you’ll come across the name ‘Bet Angel’ amongst a host of others. Bet Angel is a feature-rich, fast and reliable software application used by Betfair traders of all experience levels. t deserves to be an industry leader — it’s one of the best tools out there.

There are however some equally powerful and better value Betfair trading products that I can recommend to you.

Here’s my favourite Betfair trading tools…

1. Geeks Toy

In 2007 whilst researching another project, ‘The Geek’ stumbled upon Betfair and noticed the absence of competitors to Bet Angel. Believing he could do better, he set himself the challenge of writing Geeks Toy. In 2009 Geeks Toy was launched, and was an immediate success, setting new heights in performance, reliability and customisation.

Geeks Toy is recognised as the most comparable product to Bet Angel

Geeks Toy offers a lot of excellent features, such as the inclusion of software versions for Betfair, Betdaq & Matchbook. Amongst betting ‘Geeks’, the Toy is most recognised for it’s neat UI, and speed. It’s thought to be the fastest betting software on the market — making it superior at obtaining the odds you want and beating other traders to the punch (a very important objective). As a result of it’s accomplishments, Geeks Toy has firmly positioned itself neck-and-neck with Bet Angel.

Geeks Toy Boasts:

  • A Lightning-fast interface — probably the most important feature for any Betfair Software application.
  • Fully customisable, simplistic appearance. Arrange the items on each pane according to the order of your preference.
  • The Grid Interface is familiar to all Betfair users, showing additional information such as the stake matched at different odds.
  • The ladder view similar to Bet Angel’s, where users can customise the arrangement of the odds either in descending or ascending order. Those who switch over will be accustomed to the layout.
  • Charts show price/volume over time, price candlesticks, weight of money, traded volume, and MACD. These are all useful features for analysing the market.
  • Features an ‘Order Cancels Order’ interface. This lets a trader hedge on his bet to prevent a large loss if things don’t go as planned. You can set the exit bet according to the price you want (similar to a stop loss).
  • Traders can back up their settings in the Geeks Toy’s cloud storage; an extra precaution in the case of emergency data loss

If you’re looking for additional functionality, like an MS Excel connectivity, you’ll be disappointed to know that Geeks Toy doesn’t offer this. But for what it does do it’s superb, and offered at a very low price.

Geeks Toy Software comes with a 14 day trial, and after that you need licence key.

2. BetTrader

Financial trader Adam Todd Founded his company ‘Racing Traders‘ in 2003, when he began turning his attention to the betting exchange. He typically traded favourites on UK horse racing on Betfair, and it was around this time that he first developed the ‘BetTrader‘ software to make life easier for this sole purpose. BetTrader was unique in that it pioneered the use of money ladders in betting software, and has evolved over the years from feedback via the strong user base.

Whilst the company name ‘Racing Traders‘ may suggest that it’s a horse racing product, it’s in fact perfect for any sport. The Sports Interface allows you trade across all the markets that make up a Betfair event.

Free mode is available if you don’t subscribe, but the refresh rate is much slower. Subscribers benefit from ‘Turbo mode’ and ‘Training Mode’. Whilst training you get all the benefits of Turbo mode without out the need to risk any money — a great opportunity to practice your strategies.

BetTrader is a fast & powerful Betfair trading software platform.
SUBSCRIBE TO BETTRADER

BetTrader Boasts:

  • It’s the only browser-based trading application on the market — no need to install anything on your computer.
  • It displays all the live-updating Betfair markets at super-fast speed, enabling you to place bets faster and more effectively
  • Football Trading is made far more efficient, as you’re able to monitor multiple markets (e.g. Win Market, Over/Unders and Correct Score) at the same time and act upon price movements.
  • The Grid Interface displays 5 prices either side of the current odds instead of only 3 (as per the Betfair website).
  • Bet-submission is streamlined and allows you to place bets with fewer mouse clicks and less mouse movements.
  • Extensive built-in trading features will place bets for you automatically when predetermined conditions are met. Such as Stop Loss, Tick Offset, Fill Or Kill, Drip Feed & Chaser. These features are essential if you want to protect your investments and force the price you want without sending the market into a frenzy.
Racing Trader’s BetTrader comes with a Free Trial. Subscribers have ‘Turbo mode’ which enables a price refresh rate of 5 times per second.

What Does Betfair Trading Software Offer?

Betfair Trading Software never guarantees profits, that’s for sure. But importantly, it gives you the best possible chance of earning a profit from the betting exchange.

Betfair Trading Software is approved and built on Betfair’s (or another exchange’s) own API, which stands for “Application Programming Interface”. The API enables the program to interface directly with the Betfair exchange using your betting account. Applications such as Bet Angel and the alternatives (listed below) can therefore quickly access markets and place bets, as well as enable users to check their current and historical bets from within the software.

Many key features incorporated into Betfair Trading Tools are inspired by the very same applications traders used on Forex markets — allowing for complex, automated and more refined betting strategies to be developed and implemented with ease. Manual traders using the standard Betfair website are therefore at a disadvantage by not upgrading to a faster, more efficient system capable of competing with the professionals.

Need More Automation From Your Betfair Software?

Note that trading software is the ‘semi-automatic’ approach to betting on the exchange. If you require full automation, you’ll need a Betfair Bot.

Crypto CFD Trader

Overview

Is The Crypto CFD Trader a Scam Trading System or Not?
Find Out in This 100% Detailed Crypto CFD Trader Review
Who is Lenny Hyde? How to Sign Up Free – See All Below!

Details

Broker Crypto CFD Trader
Official Website URL www.cryptoCFDtrader.com
Minimum 1st Deposit $250
Payout 95%
Free Demo Account Open FREE Demo
Deposit & Withdrawal Methods VISA, MasterCard, Maestro, Diners Club, Qiwi, Neteller, Skrill Moneybookers
Overall Score 9.6/10

Full Review

You should remember this name – Crypto CFD Trader. This product has been recently presented on the market and it is basically a CFD crypto robot. The man behind it is a reputable and successful investor called Lenny Hyde. In fact, he is also known under the nickname ‘Crypto Millionaire Man’. We also found out that the former software developer has some featured articles about him in various reputable media sources such as Bloomberg, Cnn, New York Times, and BBC.

If you watch the promo video of the crypto CFD trading software you will learn that Mr. Hyde has worked in many different investment fields. Some of them are digital trading, high-frequency trading, copy trading, Forex market, CFDs, and cryptocurrencies. The implemented algorithm of the crypto trading robot combines the most advanced elements from all the said but it is mainly focused on CFD trading on the cryptocurrency markets.

Review Verdict: Crypto CFD Trader is Not a Scam
Visit Crypto CFD Trader Official Website

According to the initial feedback we managed to take a look at when researching about this system, we revealed that all the people confirm its proficiency and authenticity. And this is the most important thing when it comes to dealing with any online trading software. In addition, most of the current users of the crypto robot claim to have generated satisfying results on both the manual and the assistance mode.

In the following scam review, you can get some additional and very important info regarding the actual performance of the crypto system. We inspected all its features to collect as much valuable information as possible. Read on to get the details.

Who is Lenny Hyde & Why He Created The Robot?

It seems that the developer of the crypto software, Lenny Hyde was always interested in new concepts so he stopped working as a software developer and started to explore different options for generating satisfying and consistent results. This is how he entered the world of high-end investments. There, he gained a lot of experience and valuable knowledge. Thanks to his qualities he managed to stay up-to-date with the latest trends and technological innovations.

With time, Lenny Hyde became really popular and respected investor who even showed up in various media channels such as Bloomberg, CNN, BBC, etc. He decided to partner up with a close friend of his in order to make sure that the CFD crypto robot will be one of the best on the Altcoin trading market.

Main Features of the Crypto Trading Robot

The main advantage of the crypto CFD trading software is the fact that its computer codes have been designed allow the software to function as an artificial intelligence system. This is why it has the power to learn and to analyze past situations and data. At the same time, it monitors the asset price patterns and user data.

Lenny Hyde promises that everyone should be able to easily take advantage of the powerful CFD crypto software as its interface has been designed to be as user-friendly as possible. This is why we believe that everyone with interest in the crypto trading field should seriously consider joining this remarkable trading platform.

What is The Price of Crypto CFD Trader?

The access to the online investment platform is 100% free of charge and fully unlimited. Of course, there are some serious reasons for this situation.

1. The first reason for the software to be free is the fact that it is a self-learning technology that needs access as many client databases as possible to improve its performance and to get valuable and relevant trading data.

2. Lenny Hyde explains that his success is really impressive so he is now willing to help other people achieve it, too. This is why he wants to provide regular people with the chance to join a really professional and powerful trading platform that offers consistent results.

3. The creator of the crypto CFD trading robot wants to re-distribute valuable assets in equal portions to everyone.

Crypto CFD Trader is a Legit Platform?

Based on our thorough research and in-depth investigation, we can issue a 100% positive final verdict on the Crypto CFD Trader robot. It is absolutely reliable, legit, and trustworthy. In addition, it uses advanced technology and powerful computer codes to make sure that all its members will achieve success.

Review Verdict: Crypto CFD Trader is Not a Scam
Visit Crypto CFD Trader Official Website

We know that the robot is still new on the market, however, the Internet space is already full of positive user testimonials. Current members confirm its advantages as well as the fact that it is really able to deliver satisfying and steady results.

The best part is that you do not have to be a professional crypto trader or online investor to achieve success with this platform, thanks to its incredible assistance trading mode. Finally, we checked the customer support service’s quality and we remained satisfied. The assistance center is available 24/7 and the help is offered in several languages.

To sum it up, this crypto robot is easily accessible, simple, and adjustable. As a result, we recommend it to all our readers as we believe that you will remain satisfied with the trading experience you will have with this software.

Conclusion

Opt for the Crypto CFD Trader Software as it is absolutely reliable and authentic. We are very happy when we come across to a truly legit and powerful online investment solution. And this one is definitely the best that has been launched since the beginning of the year. Don’t miss the chance to benefit from it.

BONUS: Get Risk Level Control Feature to set and minimize the risk of losing funds.

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