Targeted at independent, self-directed investors, I wanted to create a one-stop, cloud based (access anywhere) stock market screener encompassing all the essential screening rules traders and investors look for in order to discover newly developing trade ideas based on any number of screening rules…
For instance, an investor may want to view only those companies in the US stock market which have produced at least a 15%+ improvement in their quarter-on-quarter sales revenues/earnings, coupled with a similar increase in their operating margin and return on capital. Another investor may want to view companies with the lowest debt-to-equity ratio in their balance sheet. Yet another investor may want to combine all of these filters. A short term trader may wish to add some technical analysis to the mix, or to view only those qualifying stocks which have exhibited a significant increase in recent volume (known as a volume-spike) coupled with a price increase.
The screener was developed to sweep the entire market of over 6,000 companies and provide the required results based on user-customized filters. The results can be further ranked (sort-ordered) according to individual requirements – for instance to view results with the highest dividend yielding stocks at the top, or stocks with the highest percentage price move, or highest percentage recent volume-spike, etc.
The goal was to maintain ‘simplicity’ as the basis upon which to build the service. It was also important to allow users to build their own screener based strategies, according to their own needs and values (no two investors are the same, yet both can be equally successful) rather than offer pre-packaged systems and closed-end black-box strategies. Our mission to this day, and into the future remains always to provide a quality (accurate, timely) information service, and not to introduce subjective opinion, while delivering the values of simplicity and time-efficiency to the best of our ability.
Tradepilot is a currently free – a continually evolving project of the heart – I am passionate about the markets, always looking for ways to invest and trade better with my own capital.
As a small, close-knit group of investors and [in my opinion] some of the smartest programmers in the industry, we are continually tuning and improving the technology/data offerings to make the service that bit better, with recent introductions including not only end-of-day updates, but also intraday updates, allowing mark-to-market ratio’s such as price-to-book, or price-to-free-cash-flow, continually updated throughout the day.
There are currently no fees, no signups/login required. Investors can simply go to the screener, and start using the service - screen and rank stocks by fundamentals, technical trends, price & volume action. The database covers over 6,000+ companies listed on the NYSE/AMEX & Nasdaq exchanges – tracking intraday price/volume data with built-in quarterly and annual fundamental data metrics.
Investors are able to develop their own unique mix of price/volume/fundamental rules, hit ‘go’ and benefit from their own personalised, automatically generated, ready-to-go watchlist before the market open.