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 Review
Overall
3.8
  • Pricing & Software
    (4.5)
  • Trade Management
    (4)
  • Company Fundamentals Screening Integration
    (3)
  • News Services & Social Integration
    (3)
  • Technical Analysis – Charts, Indicators & Drawing Tools
    (4)
  • Stock Systems, Backtesting & Robotic Trading (Automation)
    (5)
  • Ease of Use
    (3)
User Comments Rating 0 (0 reviews)

Quantshare Review Summary

Recommended for Quantitative Analysts who develop powerful automated systems and value a huge selection of shared user-generated systems and powerful technical analysis tools. The use of AI & Neural Network learning is interesting, but you will need to have programming skills to master this software.

Pros

  • Perfect 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

 

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Quantshare: Recommended for Quantitative Analysts who develop powerful automated systems and value a huge selection of shared user-generated systems and powerful technical analysis tools.

QuantShare Review
QuantShare Review

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.

QuantShare Recommended Software

QuantShare 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, this means it is extremely cost-effective.

Quantshare PricingAdvancedPremium
Lifetime License$245$595
Charting, Screening & Watchlists
Backtesting AI & Neural Network
Automated TradingX
Market Depth & L2 DataX

Trade Management

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

Quantshare support connection to only one broker, that broker is Interactive Brokers (IB).  This keeps things simple, and IB is a good choice of broker with a low commissions structure and access to global markets.  Read our Interactive Brokers Review for more information.

Quantshare - Basic Technical Screening
Quantshare -- Basic Technical Screening

Scanning and Screening

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

Watch-lists can be tricky to set up.  Further development required here.

News & Social

Including news and the StockTwits integration save the day here for QuantShare, the news is not real-time but 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 patters.  This is not real-time news and it can only give you a historical perspective.

In terms of 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

News Data Analysis In QuantShare Platform

 

Technical Analysis

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

Stock Systems and Back Testing

QuantShare specializes, as the name suggests, in allowing Quantitative Analysts the ability 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 an endless list of possibilities.  They do also offer Point & Click implementation of systems.

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

The system setup wizard is straight forward to use and also includes a ranking system so that you can prioritize the weighting of different selection factors.

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

They also have powerful prediction models using Neural Networks.

This is an advanced software for those with the inclination 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 the easiest to use and the interface requires serious development effort.  The learning curve will take a time investment on your part.

Quantshare Review Summary

Recommended for Quantitative Analysts who develop powerful automated systems and value a huge selection of shared user-generated systems and powerful technical analysis tools. The use of AI & Neural Network learning is interesting, but you will need to have programming skills to master this software.

Recommended Alternatives to Quantshare

  • Stock Rover: Provides automated trendline and chart pattern recognition, with built-in backtesting.
  • MetaStock: Review Winner Best Backtesting & Forecasting Software, with Real-time News
  • TradingView: Review Winner Best Stock Analysis Service, with Screening, Backtesting & the largest online trading community.

QuantShare Services Data Sheet

VendorQuantShare
Pricing & Software
Monthly End of Day$245 Lifetime License
Monthly Real Time$595 Lifetime License
Software Only Fee$245
Customizable Data Feeds
Customer Service & EducationEmail Only
PC
For MAC
Tablets Smartpones
Market Data CoverageGlobal
Data SpeedGood
Stocks
ETF
Mutual Funds
Options
Futures
Forex
Bonds
Pricing & Software Score9
Trade Management
Broker Integration Stocks
Broker Integration Options
Place Trades from Charts
Live Position P&L
P&L Analysis
Trade Management Score8
Fundamental Scanning & Screening
Real Time Scanning & Filtering
Fundamentals Scanning
Watch Lists with Fundamentals
Extended Economics Fundamentals (New)
Fundamental Screening Score9
Technical Analysis
Charts
Multiple Charts Per Desktop
Bar Line HLC Candlestick
Point & Figure
Equivolume
Others
Indicators
Bollinger Bands
Directional Movement
Ichimoku Cloud
MACD
Momentum
Money Flow
Moving Averages
Parabolic SAR
Rate of Change
Relative Strength / RSI
Stochastics
Volume at Price
Custom Indicator Development
Volume
Darvas Box X
Elliot Wave X
Total Number of Indicators520+
Drawing Tools
Fibonacci Retracement
Fibonacci Time
Fibonacci Fan
Trend Lines
Text Overlay
Pitchfork
Error Channel
Gann Grid/Line
Gann Fan
Quadrant Lines
Speed Lines
Tirone Levels
Automated Alerts
Technical Analysis Score9
News & Social
News Feed
Real-Time News Feed
Economics & Deal News
Market Commentary
Community Chat
News Score7
Systems & Backtesting
System Marketplace
Create Customizable Systems
Back Testing Point & Click
Back Testing Programmatic
Forecasting (new)
Robotic Trading (new)
Systems & Back-Testing Score10
Setup & Usability
SW Setup5
Ease of Use Score7
Usability Points12/20

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2 Comments

  1. David Villanueva February 27, 2019

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