Frequently Asked Questions
To read the answers to some of the most frequently asked questions, please click on the links below...
Q. How is WindoTrader® different from other Market Profile® software?
WindoTrader was conceived from the principles and concepts for interpreting the Market Profile, based on Jim Dalton’s highly acclaimed books - Mind over Markets and Markets in Profile. Market Profile has always been the central core of WindoTrader, rather than an add-on or extension of an existing product. In addition to our innovative software, we provide a level of client care and service unlike any other in the industry.
Q. Do you offer a free trial of WindoTrader®?
No. WindoTrader is an intuitive but sophisticated software application and we want to make sure you get the best out of it as soon as possible. To do that we can personally invest many hours with you, to make sure you understand all the features and confident with the way it is configured.
Q. What is the WindoTrader Guided Tour?
The Guided Tour is an interactive online demonstration of WindoTrader®. The 60 minute demonstration focuses on WindoTrader's features, functionality, unique benefits and how it can benefit traders using the Market Profile®.
To schedule a guided tour contact us here.
Q. What is the market data source and suggested minimum PC requirements for WindoTrader®?
WindoTrader® currently utilizes real-time futures and equity data from eSignal with additional data providers being developed.
PC specifics: Intel Core2 Duo / 2400MHz / 2GB RAM / 100 MB Hard Drive Space (depends on the instruments you trade) / MS Windows XP or Vista / Broadband Internet connection. We also recommend using a graphics card with at least 256Mb of memory.
Q. How does the Market Profile® benefit me as a trader?
- Provides a visual conduit for ‘listening’ to the market, similarly to the pit trader who listens to the volume of chatter on the floor
- Enables you to see developed and developing market structure and compare their relationships
- Graphically displays perceived value based off of market-generated information
- Helps you identify and quantify key support and resistance areas
- Offers a holistic market perspective and the context to evaluate price movement
Q. I currently use several technical indicators in my trading. Can I continue using these indicators when I use WindoTrader?
Yes. Many traders use the Market Profile® to look at the market from a value perspective and technical analysis indicators, which are primarily price based, for final trading decisions.
Q. Will the Market Profile® help me to identify where to enter and where to exit trades?
The Market Profile is an analytical, decision support tool for traders, but it is not a stand-alone trading system. It does not provide buy/sell or entry/exit trading signals. Part of the tremendous power in Market Profile is its ability to provide value-based context to price movement.
Q. Can the Market Profile® be used for day trading?
Yes. Many traders use the Market Profile® for intra-day trading.
Q. Why are you offering the Market Profile Foundation process when you are a software development company?
Over the years we have had numerous inquiries from traders who want to know if and how the Market Profile can benefit their trading. In the past, we have suggested resources including reading materials, chat rooms, and courses.
Because our business mission is to support long-term subscriber relationships (not just our WindoTrader application), we created the Market Profile Foundation process to give interested traders a way to obtain foundational information with a minimal investment in time and money.
For further information contact us here.
NOTE: Because this process is focused on supporting you in making your decision, we will not incorporate any form of a sales presentation for WindoTrader®. However, if at some time in the future you decide the Market Profile® is right for you and your trading methodology, we hope you will give us an opportunity to overview the features and benefits of WindoTrader®.
Q. I have heard about Market Profile® and am interested in learning more about it – what resources do you recommend?
Yes. Here are some we suggest:
Online Content:
Anatomy of CBOT Market Profile - This is an online presentation by Jim Dalton.
ASX on Market Profile – A compressed but useful primer on Market Profile.
The CBOT Market Profile Manual - This is the authoritative Market Profile® reference manual directly from the CBOT
CME Market Profile Educational Resources - several links for various Market Profile® related presentations and more
Market Profile Basics - An overview of some core Market Profile® information.
Interview with Peter Steidlmayer - An interview with the founder of Market Profile.
Books:
Mind over Markets, by Jim Dalton
Markets in Profile, by Jim Dalton
Steidlmayer on the Markets, by Pete Steidlmayer and Steve Hawkins
141 West Jackson, by Pete Steidlmayer
Other:
Cognitive Learning / Continuous Education Series – This is a self-paced course from MarketsInProfile
Cognitive Trading Process Intensive – This is a live training event offered by MarketsInProfile
Stocks and Commodities Magazine – You will find dozens of articles (some are free, but most are available for a small fee). There are some excellent articles by their editor – Jayanthi Gopalakrishman.
WindoTrader Corporation offers the above for EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY. WindoTrader Corporation makes NO warranties, express or implied, as to the potential results obtained from using WindoTrader® or the information provided.