EdgeRater

EdgeRater is a powerful tool in the Home & Hobby category, specifically designed for Bookkeeping-Cataloging. Developed by EdgeRater Software, its latest version, 4.3, offers a user-friendly drag-and-drop interface with over 300 built-in scans and indicators. This software allows users to craft and evaluate their trading strategies effectively. By displaying each simulated trade on an annotated chart, EdgeRater helps users see precise entry and exit points, and apply different stop loss criteria without any coding. This feature is particularly beneficial for those who want to understand how stops impact their strategy.

EdgeRater stands out by enabling users to combine relative strength with individual stock technical analysis, potentially enhancing trading results. The software's statistical analysis feature provides a visual representation of the profit/loss distribution curve, enabling users to determine if their strategy has an edge over thousands of stocks over a chosen time period. Once a perfect strategy is identified, EdgeRater alerts users to stocks that meet their trading criteria nightly, so no trading opportunity is missed.

The software supports Windows 7 and has other versions such as 4.3, 3.5, and 3.2. It is licensed commercially, reflecting its professional grade and capability.

For those looking to explore trading strategies, EdgeRater is a remarkable tool that can be easily found via key search phrases like "build your own trading strategy," "view profit/loss distribution curve," and "trading criteria every night." New users can download a free trial to test its features, but note that it is not entirely free as it requires a purchase for full access.

Pros:

• User-friendly drag-and-drop interface
• Over 300 built-in scans and indicators
• Annotated charts for clear trade visualization
• No coding required for stop loss application
• nightly stock alerts based on user strategies

Cons:

• Limited to Windows 7
• Commercial license required, thus not entirely free
• May not be suitable for non-trading-related bookkeeping needs

You may want to check out more software, such as .rpt Inspector™ Enterprise Suite for CE 10/CR 10, Wlog or WiseBook, which might be similar to EdgeRater.