EquityFeed is a stock trading platform that installs onto your desktop. When you launch the software it takes a couple minutes for the application to load as it needs to download the latest updates and connect to the server. So be sure to give yourself a few minutes before the opening bell. When you login, you will have a main dashboard that allows you to access the main features of the program.
Equityfeed helps traders make more profitable trades because it allows them to develop a profitable trading strategy. You can create a scan using their streaming algorithmic filter and then watch how it performs in real time. As your strategy progresses, you can make small tweaks to make the pattern recognition software more accurate. You are able to quickly scan for volume, price, moving average crossovers, dollar volume, trades, news and much more.
I’ve personally used this software for two years and can say it works well for both big board stocks like NYSE, NASD and AMEX, and small cap stocks like OTCBB and PINKS. I find that the technical trading alerts are especially helpful for large cap stocks. One of the most powerful tools is the live news streamer, which gives you an edge over other traders. This is helpful for penny stocks as they are very volatile. I have noticed that EquityFeed posts their news five to ten seconds before most brokers put it into their system.
The only downside to EquityFeed is that sometimes the service becomes temporarily unavailable after hours when you are trying to do research. This can be quite annoying, but I understand that they need to do updates. They usually have a one month trial version of the software available. I think that you will find it is much better than the typical tools provided by your broker and will help you improve your trading strategies.