These differences must be addressed if system software is to function as an effective trading tool. For many traders, traditional technical analysis software offers too much flexibility. The software simply fails to provide ample structure. The consistency and precision vital to successful trading is sacrificed. These traders feel overwhelmed by all the data that these programs generate and often end up hopscotching from one trading plan to another.
Profitability suffers accordingly.
What is lacking is a happy medium that gives the trader flexibility and structure. Traders who have no desire to participate in the decisions would be far better off choosing from among many high-quality managed accounts available. Software developers have an obligation to the trading public to produce software that delivers on its promises. There is no reason why such software cannot be developed. What is required is better research, a broader and more in-depth understanding of market conditions and a significantly higher degree of respect for the traders who ultimately will be using the software.