Oracle Trader - Experiences/free Software Uses?

[maxr 10]

I'm surely not the only one to have received copious emails recently about Oracle Trader (see http://www.oracletrader.net/webinar/lastchance.html for their promo). This is effectively a guided news announcement trade service. They have a piece of software that gives a calendar of likely FX data announcement trades, and then flags up buy/sell recommendations based on their opinions as to tradeable divergence levels between expected and real. It can automate buy/sell signals, apparently by setting up to shadow those buttons on your trading platform.

 

I don't currently trade news (in fact I avoid it), and I'm not in the mood to spend $2500 finding out if this service is any good (done that before, etc...). However, I have a mind to simulator trade news announcements for a while, to investigate whether news trading is something I should learn more about or not, and whether Oracle Trader is Delphic or not.

 

Do any of you have any experience, 1st or 2nd hand, of Oracle Trader, or are any of you finding their free software useful (by the way, I believe there is a set of trading indicators with a very similar name - this isn't it)?

 

Thanks, Max

Edited August 18, 2010 by maxr

[maxr 10]

Since we have no replies so far, just some more info - I found a comprehensive post about Oracle Trader on the Forex Peace Army site. I won't give the full URL in case cross posting is not allowed here.

 

The poster concerned can't find a forex broker whose execution system will in practise accept trades under the fast moving big news release conditions Oracle is designed for - in fact he reckons his broker shuts their trade server off during big announcements, so trading is disabled! He says the Oracle Trader people have yet to suggest an effective broker to him. Anyone know if this is a common experience in fast news trading, and what the solution might be (or which brokers can/will handle that)? I guess he could go trade FX futures with a direct access account (providing there's enough liquidity on the pair he's trading)?

 

Max