1. There is no human factor, i.e. a trader, as a person, will be free from excessive emotions. Nerves are kept (relatively) intact!
2. The trader will have more free time. Traders should not be constantly "chained" to the computer screen.
The basic disadvantages of this approach:
1. As all these systems are executed by the client’s computer (within the trading terminal or platform), instead of on the brokerage’s server, it can create a different sort of force majeure situation such as: problems with your РС (computer lock-ups, etc.), power failures or internet connection problems.
2. There is more chance of missing unexpected fundamental news.
The given approach has advantages and also disadvantages – ultimately it is up to you.
Trading Systems offered by financial companies
As has been mentioned before, there are many companies offering “ready for trading” trade recommendations or instant trade alerts (for intraday trading). Charges for these facilities can be monthly, quarterly or annual. These services can be in the form of “ready for use” software, e-mail mail alerts or notifications via instant messenger services.
The cost for such services can be quite high: around $200 per month for trading alerts and more.
Software can be even more expensive. I know of companies offering software for generating trading signals/alerts that costs over $9,000!
In fairness, these services can be very useful for people who are very busy and just unable to watch the markets all the time.
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