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Tradestation Launches New Customizable Scanning Tool for Active Traders
By
Leslie Kramer
October 28, 2008
TradeStation Securities, a licensed securities broker-dealer and a registered futures commission merchant, is launching TradeStation Scanner, a customizable tool that allows customers to scan the entire market in seconds to locate symbols that meet their custom screening criteria. TradeStation Scanner, a primary feature of version 8.4 of the TradeStation platform, allows users to scan, sort and rank thousands of symbols by price, volume or any of more than 500 fundamental data indicators to create custom symbol lists. They can then further screen symbols using their own custom EasyLanguage analytical techniques for a variety of time intervals, from tick-by-tick, to one-minute, to daily, to monthly.
"This custom scanning tool reflects our ongoing commitment to serious active traders by providing them with the analytical tools they need to help meet the challenge of creating effective, rule-based trading strategies for today's markets," said Salomon Sredni, CEO of TradeStation Group, the parent company of TradeStation, in a press release. "TradeStation Scanner leverages the power of our award-winning trading platform, vast network of data and the customizable features of our proprietary EasyLanguage analytical tools," he said.
"Unlike other scanning tools that use only pre-set indictors to sort and rank symbols, TradeStation Scanner enables traders to scan the market using TradeStation's extensive database of fundamental and technical data, and then further screen the symbols generated using customizable EasyLanguage analytical techniques that meet their specific criteria," said Stanley Dash, director of technical analysis for TradeStation Securities, in the release.
TradeStation Scanner's advanced functionality includes: a "scan wizard" that walks users through the process of creating and saving the results of their scans; the ability to link scans run on a broad universe of symbols to those run on a smaller list of symbols using more precise scanning logic; an "Added/Dropped" tab that displays all symbols that have been added or dropped from the previous scan; and the ability to quickly place orders from scan results.
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