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Stocks & Commodities V. 31:11 (50–52): Product Review: Dr. Stoxx Trend Trading Toolkit by Technical Analysis Inc.

Stocks & Commodities V. 31:11 (50–52): Product Review: Dr. Stoxx Trend Trading Toolkit by Technical Analysis Inc.

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Product Review: Dr. Stoxx Trend Trading Toolkit by Technical Analysis Inc.

MetaStock

90 South 400 West, Suite 620, Salt Lake City, UT 84101

Phone: Sales: 800 508-9180; support: 801 265-9998

Email: sales@metastock.com, support@metastock.com

Internet: www.MetaStock.com

Product: Add-in for MetaStock

System requirements: Same as for MetaStock

Price: $399

Thomas Carr, or Dr. Stoxx as he is known, is the brains behind the Dr. Stoxx Trend Trading Toolkit, a MetaStock add-on. Carrs website, www.drstoxx.com, offers daily stock and exchange traded fund (ETF) picks by subscription. Carr has had two books published, Trend Trading For A Living and Micro-Trend Trading For Daily Income. The former is written from the standpoint of multiday trading, while the latter is for intraday trading (that is, daytrading). Carrs resume includes interviews by the Wall Street Journal, Investors Business Daily, and US News And World Report, and he holds a masters and doctorate in philosophy from Oxford University in the UK. For 16 years he held an associate professorship at the University of Mount Union in Ohio. He is currently a full-time trader, trainer of traders, and fund manager. His company, Kingdom Capital, manages The 8.18 Fund.

Overview

Carr got interested in the equity markets in the early 1990s. His initial efforts focused on fundamental analysis, but he later began to include technical analysis. He spent time each day studying charts and building watchlists. He looks for candlestick patterns as well as bigger patterns such as flags, head & shoulders, and so on. The results of those efforts are captured in his book Trend Trading For A Living. In fact, the Dr. Stoxx add-on lets you mirror Carrs process, except that the task of screening is automated via the add-on. Sometimes these screens will result in a dozen or more candidates. Dr. Stoxx filters those by using fundamental data.
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