QuantShare Review: Charts & AI Backtesting for Quants

Do you Backtest, Forecast and Program Algorithms for Stock Trading? Perhaps Quantshare's Charting, AI and Neural Network & Low Price is Worth Considering

Quantshare is a desktop software platform designed for quantitative analysts who specialize in creating and implementing automated trading systems.

☆ Research You Can Trust ☆

My analysis, research, and testing stems from 25 years of trading experience and my Financial Technician Certification with the International Federation of Technical Analysts.

It offers a wide range of tools and features for developing and testing trading strategies.

One of Quantshare’s key features is its ability to backtest trading strategies using historical data. This allows users to evaluate their strategies’ performance over a specific time period before actually implementing them in live trading. The platform also offers access to market data from over 50 different sources, including real-time and intraday data.

QuantShare Review Test Results & Ratings

QuantShare Rating 3.5/5.0
💸 Pricing ★★★★★
💻 Software ★★★✩✩
🚦 Trading ★✩✩✩✩
📡 Screening ★★★✩✩
📰 News & Social ★★★✩✩
📈 Charts & Analysis ★★★★✩
🔍 Backtesting ★★★★★
💡 Pattern Recognition ★★★★✩
🖱 Usability ★★✩✩✩

QuantShare Review Summary

This QuantShare review recommends this software to quantitative analysts who develop powerful automated systems and value a huge selection of shared user-generated systems and powerful technical analysis tools. Using AI and neural network learning is interesting, but you must have programming skills to master this software.

QuantShare Review: Key Features

⚡ Features Advanced Charts, Scanning
🏆 Unique Features Customized for Quants & Programming Skills
🎯 Best for Stock Traders
♲ Subscription Lifetime 1 Payment
💰 Price $245-$595/mo
💻 OS PC
🎮 Trial None
🌎 Region Global

 

QuantShare Review
QuantShare Review

Visit Quantshare

Pros

  • Good For Quants Wanting To Automate Trading
  • Sharing Servers For System Sharing
  • Active Community
  • Very Good Back-Testing
  • AI & Neural Network Learning

Cons

  • Programming Knowledge Required
  • Old School Windows Interface
  • No Customer Support Number

What is Quantshare?

Quantshare is a Windows-based stock analysis software package that operates primarily offline. Quantshare offers charting, 300+ Indicators, and portfolio analysis tools. Interestingly, Quantshare has AI and Neural Network learning functionality and even automated trading with IB for the hardcore quantitative analyst.

If you backtest, Forecast, and Program Algorithms to Auto-Trade, then Quantshare could be for you.

Pricing and Software

Unlike most stock market analysis software today, you can purchase a lifetime Quantshare license, meaning you do not need to pay a monthly subscription, which is incredibly cost-effective.

Quantshare Pricing Advanced Premium
Lifetime License $245 $595
Charting, Screening & Watchlists
Backtesting AI & Neural Network
Automated Trading X
Market Depth & L2 Data X

Recommended Alternatives

QuantShare scored poorly in our testing. Our “Best Stock Market Software Review” has four clear alternatives that provide a range of signals, systems, and backtesting at similar or low prices.

  1. Trade Ideas provides definite buy and sell signals with a proven track record of beating the S&P500. Trade Ideas uses sophisticated AI algorithms to recommend specific trades and when to buy and sell. With over 30 curated channels of ideas, it is a clear industry leader.
  2. TrendSpider provides automated chart analysis and scanning with a focus on technical analysis. It uses AI to create dynamic trend lines and identify key support and resistance levels. With customizable alerts, it can notify you when a stock hits a specific price or crosses a trend line.
  3. TradingView provides buy and sell ratings for nearly every stock, ETF, Index, and Cryptocurrency globally. The TradingView buy-sell indicators are based on 26 different well-established technical indicators.
  4. MetaStock provides buy and sell signals with the integrated system add-on from its marketplace. You can trade candlestick patterns, momentum, or any system you want to develop using their backtesting and forecasting systems.
Features TrendSpider TradingView Trade Ideas MetaStock
Awards Editors Choice Award Editors Choice Award Our Top Pick Award Top Pick Award
Rating 4.8 4.7 4.6 4.4
Pricing $107/m or $48/m annually Free or $59/m or $49/m annually $254/m or $178/m annually MetaStock R/T $100/m, Xenith $265/m
Global Market Data USA USA
Powerful Charts
Stocks
Futures
Forex
Cryptocurrency
Social Community
Real-time News
Screeners
News Scanning
Backtesting
Code-Free Backtesting
Automated Analysis

Trade Management

Once you have developed your stock market system with Quantshare and the backtesting and forecasting meet your estimated risk-reward metrics, you can implement auto-trading. Auto-trading means that the trade signal your algorithms produce will be automatically sent to a broker for execution.

Quantshare support connection to only one broker: Interactive Brokers (IB). This keeps things simple, and IB is a good broker with a low commission structure and access to global markets.

Quantshare - Basic Technical Screening
Quantshare – Basic Technical Screening

Scanning and Screening

Regarding market scanning and screening, the data you can select are essentially technical data based on stock price, volume, and plotted indicators. You will not find fundamental screening such as EPS, PE Ratio, or Cash Flow.

Watchlists can be tricky to set up—further development is required here.

Our original trading research is powered by TrendSpider. As a certified market analyst, I use its state-of-the-art AI automation to recognize and test chart patterns and indicators for reliability and profitability.

TrendSpider Automated Chart Analysis

✔ AI-Powered Automated Chart Analysis: Turns data into tradable insights.
✔ Point-and-Click Backtesting: Tests any indicator, pattern, or strategy in seconds.
✔ Never Miss an Opportunity: Turn backtested strategies into auto-trading bots.

Don't guess if your trading strategy works; know it with TrendSpider.

Unleash TrendSpider

News & Social

Including news and the StockTwits integration saves the day here for QuantShare. The news is not real-time, but it certainly does add value.

There are scripts within Quantshare that allow you to scrape sites like Google News and then plot the news on a chart. This allows you to correlate the news stories and the historical impact the stories had on the price patterns. This is not real-time news; it can only give you a historical perspective.

Regarding social, there is no live communication or chat service, but there are forums and sharing servers, which enable people to connect and share stock trading systems and algorithms.

To show how the QuantShare News reporting works, watch this video.

Video: Setting Up QuantShare News Analysis

Technical Analysis

With a large selection of technical indicators (300+), this package gives you plenty of options in the chart analysis arena.QuantShare Recommended Software

Stock Systems and Backtesting

QuantShare specializes, as the name suggests, in allowing Quantitative Analysts to Share stock systems.

This means they have a huge systems marketplace with a lot of accessible content that you can test and use.

If you have a programmatic mind, you can implement and test endless possibilities. They also offer Point & Click implementation of systems.

Using the Quanshare Trading System Wizard
Using the Quanshare Trading System Wizard

The system setup wizard is straightforward and includes a ranking system to prioritize the weighting of different selection factors.

What is great is they also have Artificial Intelligence integrations via the AI Optimizer, allowing the system to combine different rules to see which rules work best together.

They also have powerful prediction models using Neural Networks.

This is advanced software for those inclined to test, forecast, predict, and automate.

System Backtesting Results with Quantshare
System Backtesting Results with Quantshare

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Ease Of Use

This software package is not easy to use, and the interface requires serious development effort. The learning curve will take a time investment on your part.

Quantshare Review Summary

This Quantshare review recommends this product for quantitative analysts who develop powerful automated systems and value a huge selection of shared user-generated systems and powerful technical analysis tools. AI & neural network learning is interesting, but you must have programming skills to master this software.

 

10 Best AI Stock Trading Bot Software Tested 2024

Quantshare

This QuantShare review recommends this software to quantitative analysts who develop powerful automated systems and value a huge selection of shared user-generated systems and powerful technical analysis tools.

Product SKU: NA

Product Brand: QuantShare

Product Currency: USD

Product Price: 245

Price Valid Until: 2024-02-26

Product In-Stock: InStock

Editor's Rating:
3.5

2 COMMENTS

  1. Hi. You rate the customer service and education of Quantshare as “Excellent”. Just wondering how you arrived at this rating. I could not even find a phone number to call with questions. They are based out of Tunisia. This has got me really questioning about their longevity, support, customer service, etc. Thanks for your help.

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