The app that was designed by EquaMetrics is cloud based, and all you need to tap into its stock trading algorithmic power is a PC. The best part is that it's extremely easy to use (even if you aren't necessarily tech savvy). You simply drag and drop the colored tiles that are displayed in the app in order to create your very own algorithm. If you're a day trader, you can choose from 30 different variables to build your perfect formula. The options that are made available to you all revolve around tech indicators. Simply put, these technical indicators are metrics that give you the power to see trading patterns, rather than relying solely upon stock principles and fundamentals. Once you've selected all of your options, you need only run the program so that you can then begin to buy and sell stocks and currencies.
Now, let's get to the part that you've been waiting for. After all, it's nice that it does all of these things, but how much does it cost? - The web application will set you back $99 a month. However, if you want to run more algorithms, you can opt for the $250 monthly fee. This price is actually quite inexpensive when compared to the alternative (which is hiring a programmer for a couple hundred thousand a year).
With the app, there's no minimum to invest and you cannot scan stocks or currencies any quicker than once per minute. This means, that you won't have to worry too much about the typical risks associated with computerized trading (many of us remember what happened with Knight Capital last year...when they lost $440 million dollars last summer thanks to an algorithm that had gone haywire). So, at this point, it seems as though you get all of the pros of quantitative trading without too many of the cons, which is always a good thing!
+John van der Munnik