When Ken Anthony's day as a Westinghouse branch manager is done, his work in technical analysis begins. But he's not one to burn the midnight oil making trading decisions. With OmniTrader(tm), about half an hour every evening is enough to find stocks and commodities that appear ready to make a healthy move in the market.

"OmniTrader saves a tremendous amount of time by automating the tasks associated with technical analysis. This allows me to spend my time making trading decisions based on the opportunities the program has identified," he notes.

While he's at work, Anthony's home PC is scanning the markets for breakouts and volume spikes with a utility that works in conjunction with his data service, Quotes Plus. "When I get home, it's all ready to roll," he notes. OmniTrader takes over at that point, examining the best candidates for technical viability. Securities that receive a strong buy signal from the program then get some human processing from Anthony, who applies simple technical tools such as trend line breaks, volume spikes, peaks, and highs and lows to verify the program's output. Has his diligence paid off?

"Absolutely," he says. "Without OmniTrader, I wouldn't have even seen the opportunities. Time constraints didn't permit me to look at candidates individually, read the research on them and go through the steps of finding companies showing promise of staging a price break-out." The program, he says, has paid for itself many times over, and he considers it to be absolutely fundamental to his success as a short-term trader.

OmniTrader provides automated system testing, automated signal generation, and automatic signal confirmation.

Features of OmniTrader
Profile: Lets you define the securities you want to track and the trading strategy that best fits your personal strategy. Define as many profiles as you like, with each potentially containing thousands of symbols. It automatically reads five popular data formats (MetaStock, Worden, CSI, AIQ, and Omega), so you don't have to convert your existing price quote data.

Test: OmniTrader tests up to 120 systems for each individual security, ending up with the best systems for each individual security. It then tests every system against every symbol on your list to determine whether those systems work together to predict security movement.

Signal: In minutes, OmniTrader examines all your securities using 120 systems, then filters the buy and sell signals to the "voting line" and creates a "focus list" for evaluation and trading decisions.

Voting Line: The voting line shows you the results of OmniTrader's analysis -- all the trading signals (current and historic) for your selected securities. Click on any buy or sell signal and the trading advisor tells you which trading systems generated the signal. The signals are also confirmed by the assistants in the chart.

Focus List: The Focus List is a quick summary of the day's trading signals sorted by advisor rating -- with the highest rating shown first. In a matter of minutes, the focus list displays the securities selected, generates a filtered trading signal based on the systems used and shows an advisor rating ranking the strength and reliability of that signal. The chart is instantly displayed when you click on any symbol.

Maximum Signal Confirmation: The buy and sell signals in the voting line are visually confirmed by signals in the systems area and by the assistants in the chart.

Performance Statistics: OmniTrader tells you how well its signals are performing.

Systems Area: Systems chosen from OmniTrader's testing are listed here, with the best first. Click on any system line and its plot is displayed, providing even more confirmation.

Trading Models: Trading models are additional signal filters for all levels of trading. For example, short-term trending could be used if you want to get in and out of the market in a matter of days. For a trading horizon of several weeks, you might consider medium-term trending. And for a trading horizon of several months, you could use long-term trending.

Automated Assistants: OmniTrader automatically categorizes and displays patterns like trend lines, candles and support/resistance levels. When a pattern is displayed, just click on its tag and the advisor activates to tell you what the pattern is and why it's significant.

Daily and Weekly Signals: OmniTrader generates daily trading signals for the focus list by waiting for multiple signals to line up before taking a trade. To provide further confirmation, OmniTrader can show those signals that are confirmed by weekly signals.

Money Management: OmniTrader lets you record trades right on the chart. You still have to place the trade with your broker, but once you record your fill price in OmniTrader, it will automatically track all your positions. You can set and move stops, and OmniTrader will alert you when stops are hit or positions need to be confirmed. The portfolio manager allows you to administrate several brokerage accounts for stocks, futures, options and mutual funds, as well as maintain paper-trading portfolios.