Quantshare is a desktop software platform designed for quantitative analysts who specialize in creating and implementing automated trading systems.
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.
Test Results & Ratings
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.
Key Features
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.
- 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.
- 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.
- 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.
- 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 | ||||
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 signals your algorithms 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.
Scanning
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 upโfurther development is required here.
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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.
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.
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.
Ease Of Use
This software package is not easy to use, and the interface requires serious development effort. The learning curve will take time on your part.
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.
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.
Hi David, you are quite right, I have updated the review, thanks for pointing it out.