Why TradeStation Was Hit

TradeStationwas hit because of it 1

We will roll back the flow of evolution a little.TradeStation4.0 officially5.0 asversion through2000i asversion the software evolved. While importing data into the application, real-time data from various data vendors was obtained, but the U.S. data vendorCSI(Commodity Systems Inc.) provided data to customers. U.S. data was plentiful, but using this company’s data specialized for daily charts, and the subsequent services with data download specificationsTradeStation connection to a global server and its configuration were very labor-intensive. There were settings for individual exchanges and specifications for various symbols, and the initial setup took several hours.Version as it advanced, basic settings were introduced and gradually made easier, but covering countries worldwide was still challenging, and Asia and Japan were left for later.

Even in today’s era, the data feed configuration sections of similar European/American analysis tools often require new user setups. In particular, for the use of individual Japanese stocks, simply importing data does not allow scaling or per-share settings, causing great trouble. Although not usable at present, when analyzing historical data for Japan’s commodity futures, besides preparing individual delivery month data, there is the extra step of linking front-month data, and those unfamiliar with the system will never understand it. Nowadays, since it has become a broker’s trading platform, there is no need to worry about data preparation at all.

Why did the cheaper analysis toolSuperChartsell more thanTradeStation?

The reason is thatSuperChartallows only simple analysis descriptions, whereasPowerEditorlets you write programs. Tools like these are a bit too advanced for mere trading, but by leveraging the core capabilities, they create more value than their price suggests.SuperChartcan only handle limited programs, so once capable users hit the limits of the scripting, they would switch toTradeStation. In the early days, the price was10分の1, so it sold relatively easilySuperChart; but graduallyTradeStation overtook its sales.

So,PowerEditorand its独自の languageEasyLanguage, how did it spread to the world... We'll discuss it next time.

(Next time,TradeStation why it hit2～EasyLanuageUserStudy Group)