What users say about Prodigio:
I've been trading for years, and Prodigio RTS is the best tool that I've found that both screens stocks and automatically does the trading.
Jay P,
New York, NY
Your Prodigio software is awesome! I made $800 today, and I’m sure $600 - $700 of that was money I would never have made without your system.
Jason B.
FAQ's
How do I open/subscribe to receive Prodigio RTS?
You must go to our website and click on the Open Account/ Free Trial tab and complete your free application.
Does Prodigio RTS offer education or training classes to learn the software?
Yes. Please go to our website and click and register under the Software Training Classes. If you have specific questions on training please contact Jim Bell at (610) 552-0099 for assistance.
How do I log in to Prodigio RTS?
To log in to Prodigio RTS you must either enter via our website clicking the Client Log In button on top right of Home webpage or via your thinkorswim trading platform under the Gadgets tab to launch.
What is robotic trading?
Robotic trading is a sophisticated fully automated system that intelligently is capable of scanning across thousands of ticks, quotes and market conditions, filtering through all for buy and sell opportunities, initiating trades, and managing profits and risk entirely within its own system.
Do I need to know programming?
No. Prodigio RTS is a trading environment, and is geared toward traders not programmers. The Prodigio RTS will allow you to enable custom trading strategies without ever having to write any code.
Do I have to trade myself?
No. All you need to do is select one (1) or more of the automated predefined strategies and select the risk protocol that’s right for you. You may participate in the trade management should you choose to do so.
How much does it cost to open/ subscribe to an account?
The Prodigio RTS platform is Free to qualified thinkorswim account holders provided that account minimums are maintained.
What is the minimum funding amount required to start trading?
You may open a new account at thinkorswim for subscribing to Prodigio RTS with as little as (minimum) $35,000.00. It is recommended that users consider funding their tosProdigio account with $50,000.00 or more to allow for greater trading opportunities. Account Lock-The Prodigio RTS account is set to lock a User’s account should the Prodigio RTS account balance ever equal or be less than $27,000.00. The NYSE/NASD requires stock "pattern" day traders to have a minimum equity of $25,000.
Are there minimum balances and trading or volume requirements in order to utilize the Prodigio RTS trading platform?
Yes. User clients must meet and or exceed a minimum of 40,000 shares in the preceding calendar month. User clients must meet and or exceed an average minimum account balance of $27,000.00 dollars for the preceding calendar month.
What are SEC Fees?
SEC Fees, also known as Section 31 fees after that section in the Exchange Act of 1934, are assessed to support the activities of the SEC. They are charged on the sale of securities (with the exception of broad-based index options like the OEX) at the rate of $11.00 per million sold. This is a new rate in effect since January 25, 2008. They are passed through to customers from the clearing firm.
What are thinkorswim’s commission rates for my account using Prodigio RTS?
Thinkorswim is the recommended broker of record for supporting the Prodigio RTS trading platform. Through a professional courtesy with thinkorswim, the Prodigio RTS automated system is offered exclusively to thinkorswim active equity trading account holders- FREE. Commission rates are officially set at a reduced rate of $0.01 per share, plus any applicable SEC fees on the sale of securities. No further discounts apply.
Does Prodigio RTS charge for software or market data?
No. Prodigio RTS does not charge for software or market data.
Can I run more than one Prodigio strategy at a time?
Yes. Prodigio RTS allows you to select one or more automated strategies at the same time and set them as your default.
Can I initiate my own intraday trades on the platform?
Prodigio RTS will begin offering User initiated trading in August 2008.
Can I place orders/ trades over the phone?
No.
I don’t see any trades being put on. What’s wrong?
Prodigio RTS run real-time scans every second of the trading day beginning at 9:30am EST through 3:50pm EST. Prodigio trades are not scheduled systematic trades with certain trade number requirements. Here are a few checks to be sure that you are ready to receive trades;
- Trades may only occur during market hours during normal trading days.
- Most trade alerts occur more frequently during the morning hours of 9:40am EST to 12:30pm EST. However, fewer occur during the afternoon session of 12:30pm EST to 3:30pm EST.
- Be sure that you have selected one (1) or more trade strategies to run found under the Strategy/ Risk Protocols tab.
- Some strategy methodologies are very specific. You may have made legitimate strategy selection(s) but no trade set-ups match your strategy selection today. Often when a user desires more trade set-ups, two (2) or more strategies selections are best made.
How much of strain are your alerts on computer resources? Please provide a number in your answer.
Prodigio RTS servers do all of the heavy data crunching on the Prodigio RTS server- side analysis servers behind the scenes (not on the client-side). Then, Prodigio only displays the real-time results on the GUI (your computer). The result is little impact on client system resources utilizing about 40- 50 meg of ram memory to display a client interface GUI on a personal Computer.
Is Prodigio RTS like a black box? The answer would be yes by definition and methodology. The technology behind the Prodigio RTS alert server is similar to a black box. It receives all price data on all relevant stocks in real time. It compares this data to specifically designed and known patterns, which are confirmed by both real-time and historical data. It reports when there is a pattern match, in real time. The output is far more concise than the input because of all the filtering.
Is Prodigio RTS like a stock screener?
No. Prodigio RTS examines some of the same data as some possible stock screeners, and there could be some similarities in the types of analysis, but the methodology is completely different in that far more sophisticated computational analysis on a tick by tick basis controls, real-time position selection, complete order management and risk management across over 5,000 actively trading symbols in milliseconds. In our opinion most stock screeners can’t and don’t offer this level of