 |
| Reviewed
by American Association of Individual Investors in Computerized
Investing
Nirvana Systems, Inc. has released the latest version of its Technical Analysis program OmniTrader. This program is designed to automate technical analysis for traders and investors. OmniTrader collects current data and then tests up to 120 different trading systems against selected securities from its 18,000+ security database and then generates buy and sell signals. OmniTrader is based on the personality of markets theory, which states that different securities exhibit different personalities. The program attempts to pinpoint a security's personality patterns through backtesting and then issues buy and sell signals based on these patterns. OmniTrader's Focus List™ provides a summary of each day's trading signals. Users can configure this to display only those statistics in which they are interested. Users are also able to view an equity curve when they backtest trading systems. They can give OmniTrader a hypothetical dollar amount and trade it at the start of the backtest to better view the performance of the system. New data can be retrieved from major data vendors by the program's integrated downloader, which automatically adjusts for splits and dividends. The program also offers a 18,000+ security database with statistics. OmniTrader's portfolio manager tracks and unlimited number of accounts, maintaining a current valuation of user trading positions and generating a tax Schedule D for income tax purposes. ©
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