Wave59 trading software is quite new in the trading software arena. It was built by professionnal traders instead of IT specialist. Contrary to all other trading software, this trading software has it's own technical indicators. There are no more than 10 indicators but when combined together they give good trading signals.
Free trial facility
Wave59 trading software offers a 30 day free trial. Considering that it should not take too long to master their quite powerfull technical indicators, this trial period is very adequate.
Technical indicators available
When we talk about trading software we talk about the following technical indicators : RSI (Relative strength index), Stochastics, MACD, Moving averages of all kind, Williams %R, Money flow, etc. With this trading software we have a new set of technical indicators. Briefly this software uses those following proprietary technical indicators :
- Fibonacci retracement levels
- Momentum
- Lomb Periodogram
- 9-5 count
- Fibonacci vortex
- Natal Forecast
- Neural nets
Click here to find more about those technical indicators
When applied to any market whether end of day or intraday, if 4 or more of those indicators generate a trading signal (buy or sell) it is about 75% accurate.
See the Trading with wave59 RT : A mechanical Approach
in their website.
Generate automatic trading signals
Considering what we just learned in the previous paragraph we can conclude that this trading software is about 80% mechanical, trading decisions have been a lot simplified with this trading software.
User defined trading system
Through their easy to use proprietary Qscript language, users can design their own trading system. This language was preferred to VB and requires a lot less code especially to do pattern recognition like Head & Shoulders for example.
Pattern recognition
This is the main strength of this trading software. It recognizes several built-in patterns. On top of that you can design your own very easily. They also have a very state of the art drawing tool.
Data Feeds availability
This trading software supports most popular data feed like Esignal, IQfeed, Quotecom. It also supports Metastock file format and ASCII Files. So for end of day traders like we almost are, you can test this trading software with the data you already have.
Day trading support
Wave59 trading software supports very well day trading. In their document wave59 RT : A mechanical Approach found in their website, they demonstrate how they can trade SP500 future or SP500 Emini future with this system and generate a 70% plus success rate with their technical indicators.
Special characteristics
This trading software is very different from all others trading software using standard technical indicators. This software is very innovative and eases a lot traders work in making trading decision. Their proprietary technical indicators are easy to use and you can see the trading signals with the red and blue dots on the graphic.
Ease of use
Considering the built in technical indicators the software has, it is easy to combine them together to get a trading system working. This software is very easy to use.
Availables Add-Ons
Few Add-ons are available for this trading software. Those add-ons were created by thrid party software builder and are available on the wave59 website.
Click here to see all add-ons to the software
Pricing structure
Wave59 trading software offers two choices to new users. You can rent the software ofr 59$ USD. With this option you always have the latest version and you can stop whenever you want if you are not satisfied. You can also buy it for 12 payments of 199$ USD. With this option you will have to pay for upgrading to major new versions. Minor upgrades are free. We suggest all traders new to this software to start with renting option, it is much more flexible.
This page briefly outlined wave59 trading software characteristics. We hope it is helping you to evaluate your decision in selecting a trading software helpfull in your future trading decisions.
Click here to learn more about wave59 trading software
Click here to return to the trading software criterias page
Click here to return to the home page
