QuantShare Review: Charts & AI Backtesting for Quants

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

QuantShare Review Test Results & Ratings

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. The use of AI & Neural Network learning is interesting, but you will need to have programming skills to master this software.

QuantShare Review: Key Features

QuantShare Pros

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

QuantShare Cons

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

Visit Quantshare

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 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 incredibly cost-effective.

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 broker with a low commission structure and access to global markets.  Read our Interactive Brokers Review for more information.

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 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 is 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 patterns.  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

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.

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.

The system setup wizard is straightforward to use 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 an advanced software for those with the inclination to test, forecast, predict, and automate.

Visit Quantshare

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

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. 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

Vendor	QuantShare
Pricing & Software
Monthly End of Day	$245 Lifetime License
Monthly Real Time	$595 Lifetime License
Software Only Fee	$245
Customizable Data Feeds	✔
Customer Service & Education	Email Only
PC	✔
For MAC
Tablets Smartpones
Market Data Coverage	Global
Data Speed	Good
Stocks	✔
ETF	✔
Mutual Funds	✔
Options	✔
Futures	✔
Forex	✔
Bonds	✔
Pricing & Software Score	9
Trade Management
Broker Integration Stocks	✔
Broker Integration Options
Place Trades from Charts	✔
Live Position P&L	✔
P&L Analysis	✔
Trade Management Score	8
Fundamental Scanning & Screening
Real Time Scanning & Filtering	✔
Fundamentals Scanning	✔
Watch Lists with Fundamentals	✔
Extended Economics Fundamentals (New)
Fundamental Screening Score	9
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 Indicators	520+
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 Score	9
News & Social
News Feed
Real-Time News Feed
Economics & Deal News
Market Commentary	✔
Community Chat	✔
News Score	7
Systems & Backtesting
System Marketplace	✔
Create Customizable Systems	✔
Back Testing Point & Click	✔
Back Testing Programmatic	✔
Forecasting (new)	✔
Robotic Trading (new)	✔
Systems & Back-Testing Score	10
Setup & Usability
SW Setup	5
Ease of Use Score	7
Usability Points	12/20

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