Wednesday, May 20, 2015 9:47:17 AM
http://finance.yahoo.com/news/syndication-inc-launches-day-tradexchange-120826064.html
This this looks real. This Archer program sounds pretty wild. I have some friends that are day traders that are going to check it out. Supposedly a forecasting indicator is a pretty powerful trading tool and no one has one. Check out the description; Pretty interesting; Long but real interesting;
"ARCHER", is a proprietary trading software referred to by DTX futures traders as a "forecasting indicator". It's uniquely designed to detect and alert the trader of "pending order" accumulations at specific market prices. "Pending orders" are trades in waiting that are executed at some time in the future provided that the market returns to the targeted entry price. When market conditions produce repeating identifiable trading patterns called trading ranges, it attracts increased numbers of traders that will attempt to take advantage of the pattern predictability by "parking" their buy or sell orders in front of the pattern. This causes the "pending orders" to accumulate while waiting for the market to return and trigger their entry. ARCHER monitors the accumulation of these "parked orders" and uses the data to predict potential volume surges in trade execution that may strongly influence the future price movement of the market.
Today's trading indicators attempt to predict future price movement based on historical trade data, (trades that have already happened). ARCHER predicts price movement based on trading activity that is about to happen. Linked directly to the Chicago Mercantile and Commodities Option Exchanges (CME, CBOT and CBOE), ARCHER is uniquely designed to recognize buildups of "pending orders" that could produce volume surges with the potential of influencing price movement in either a short or long direction. ARCHER signals the trader in advance allowing them to profit by placing their order ahead of the forecasted volume surge and subsequent price movement.
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