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Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
From our support staff:
"That’s an interesting bug. That property was originally designed for TI Pro. TI Pro can save the OddsMaker settings at any time, but it only loads those settings immediately after we first create a new window.
I have confirmed that this is a bug and added it to the list. It should be fixed in the next release."
Thanks for your question!!
Good question. A couple of things:
1. Briefing.com is a good company and one of our early partners with whom we designed Trade-Ideas to be compatible. You can connect the two services together using TI PRO by selecting 'Tools' from the status window and choosing 'External Linking'. When you click on a symbol within Trade-Ideas, you'll automatically update Briefing.com with the news on that symbol. Neat feature!
2. We are always improving Trade-Ideas with new features. News is certainly a possible future addition. But we will want to do it differently than how its currently done. I'd welcome any suggestions you have on how to do so.
Thanks!
"The main problem is that our filters are looking for the Bollinger bands on a daily chart. We don’t have a version of that on a 60 minute chart.
Also, the strategy I sent wasn’t looking for Canadian stocks. That’s easy to fix. Look in the exchanges section of the configuration window. And those alerts don’t happen very often. If your looking for something like this you should use the heartbeat alerts, or something else that happens a lot."
Please paste your strategy in a post. Use the Collaborate feature to do so.
From our support staff:
"I created one from his description. http://www.trade-ideas.com/View.php?O=1000000000000100000000000000_1D_0&MinBoll=100&WN=BB+100 This gives me lots of alerts.
He should post his strategy. He probably has some extra filters that are incorrect. We can find them and remove them."
In the spirit of teaching someone how to fish and helping the baby bird leave the nest, I am going to simply say - with all due respect - you are on the right path to modeling the behavior you described.
Let me know if its still not working for you.
D
Yes you can do that with this filter http://www.trade-ideas.com/Help.html#WSF_MinDNbbo
SO many here - might be better to give them to us a little bit at a time. Here is the first answer:
1) You are reading an old blog post. First thank you for reading! Second you should know that this strategy was removed from the list so it points instead to our latest collection. I went through the records and post the original one here for you: (Note: Since 2005 we added many new alerts/filters/ways to skin this cat) http://www.trade-ideas.com/View.php?O=3c00000c0000000_39_0&MaxSpread=8&MinVol=250000&MinRV=1.5&WN=The+"Tape"+Reader+(See+how+stocks+are+trending+NOW)
To see what we added and in what order: http://www.trade-ideas.com/WhatsNew.html
More later
I'm getting a response to your 1st question here, but wanted to answer this one right now.
The Sell Imbalance alert - like all the other alerts - comes with additional details on what the underlying stock is doing at the time of the alert which we show in the columns within a Strategy Window.
The Quality column shows the amount of the imbalance. Examples: http://www.trade-ideas.com/SingleAlertType/NYSESI/NYSE_sell_imbalance.html
Relative Vol column is our Min Current Vol filter - see the Online Help for more: http://www.trade-ideas.com/Help.html
The Range Color column describes where in the daily range the stock is trading at the time of the alert - more green the higher towards the high of the day, etc.
Std Dev and Wiggle refer to how much the movement of the stock is vs its historical behavior. Its based on what we track as the average movement of a stock every 15 minutes. Example (what we also call the Volume Weighted Volatility: http://www.trade-ideas.com/StockInfo/WM/WASHINGTON_MUT_INC.html
To find stocks gapping down on the next day's opening use all the alerts and filters we have to help you find them.
Here is a response from a senior support fellow:
First take a look here:
Alerts History - huge dumper25
Time - 1:31:14 Friday, September 12
Symbol - SC.CAT
Message - Running down extremely quickly: -0.37 in less than one minute.
# - 50
I only saw one with his settings. It was after hours. But it said #50, so there were 49 more that got removed by his filters. I started with his settings, and limited it to the single symbol, “SC.CAT”.
He only selected one type of alert. This type of alert only looks at a 1 minute time frame. He set the alert specific filter to only show him when the stock went down more than $0.25 in a single minute. That only happened once, as shown above, 30 minutes after the close.
I looked at the chart. There were some big dips, but not that quickly. The alerts seem to be correct. There are several ways to get around this.
If he lowers the alert specific filter, he could see more of these short term motions. If he removes the filter completely, he’ll be using our recommended minimum filters. The nice thing about this is that he can see all of the values for the alerts that we generated. He can use these to help pick a better filter in the future.
I also tried longer term alerts.
http://www.trade-ideas.com/History.html?O=40000000000000000000000000000000040000000000000000280000_c0_0&QRDN=0.25&MaxPrice=60&WN=huge+dumper25&SL=xSC.CAT
Sure enough, this gives you more interesting results, including these:
Running down: -1.00 in 12 minutes 34 seconds
Running down: -1.65 in 1 day 18 hours. Confirmed by volume.
Running down: -0.30 in 62 seconds
Running down: -0.78 in 9 minutes 29 seconds
If he really likes the style of the new “running down now” alerts, he might also consider the and similar filters. Set this one to $0.25 and you’ll see everything that has run down at least $0.25 in the last 5 minutes.
Sure. You can create multiple windows to configure by right clicking in the first alert window and selecting 'Duplicate window'
The Configure screen is also accessed (like everything else) by right-clicking while in the alert window. Select the Configure option and then scroll through the tabs that will allow you to see the alerts, filters, exchanges, and other options available.
Here is an overview video that will really help you:
http://www.trade-ideas.com/VideoHelp/Menu.html?video=Product%20Overview
Other videos: http://www.trade-ideas.com/VideoHelp/Menu.html
Sorry for the delay
Wincat,
Here is our support contact's response:
"I don’t know how much research to do but I have been unable to find a problem with our 50 period daily MA cross. Looking at the chart below for VIVO (which is reference in the below email thread),
it traded up and down through the 50 period daily SMA on 8/15/08. Looking at the intraday chart below the daily indicates a spike at 12:28 pst that would have resulted in a cross of the MA."
Figure 1: http://3.bp.blogspot.com/_wlx0GQEcH6Q/SKyT94SREgI/AAAAAAAAAHA/aRhW7CCxZcQ/s1600-h/support1.bmp
Figure 2:
http://3.bp.blogspot.com/_wlx0GQEcH6Q/SKyT-Ke440I/AAAAAAAAAHI/aSNINddIgXI/s1600-h/support2.bmp
Figure3:
http://4.bp.blogspot.com/_wlx0GQEcH6Q/SKyT-aYMMoI/AAAAAAAAAHQ/t8SpbWv_DoA/s1600-h/support3.bmp
Modeled this scan after SPNG's current performance and like it enough to share.
Custom Top List: Under $10 Range Explosion Making a Run Up
http://www.trade-ideas.com/StockInfo/_TopListResult.html?sort=Max2SmaLa20&WN=Under%20%2410%20Range%20Explosion%20Making%20a%20Run%20Up&MaxPrice=10&MinVol=500000&MinUp=2&MinPUp30=.01&MinFCD=.02&MinFCDP=.02&MaxRC=-1&XN=on&X_NYSE=on&X_AMEX=on&X_OTC=on&X_PINK=on
Got these results 5 minutes before the close today:
Data from the last 5 minutes before the close:
DSL - DOWNEY FINL CORP
FCH - FELCOR LODGING TR INC
HOTT - HOT TOPIC INC
ZQK - QUIKSILVER INC
CAR - AVIS BUDGET GROUP
IDEV - INDEVUS PHARMACEUTICALS INC
THC - TENET HEALTHCARE CORP
Source: Trade-Ideas.com
If this helps I can post more (or you can configure this as well - free data)
Let me know if this kind of list is relevant to the forum: its pink only making a run at their yearly highs:
Custom Top List: Pink Sheets Close to Year Highs:
http://www.trade-ideas.com/StockInfo/_TopListResult.html?sort=Max15Sma8a20&WN=Pink%20Sheets%20Close%20to%20Year%20Highs&MinTV=10000&MaxRY=95&X_PINK=on
CCMJ individual baselines we keep at Trade-Ideas: http://www.trade-ideas.com/StockInfo/CCMJ/CRUISECAM_INTL_INC.html
Custom Top List: Pink Sheets Close to All Time Highs:
http://www.trade-ideas.com/StockInfo/_TopListResult.html?sort=Max15Sma20a200&WN=Pink%20Sheets%20Close%20to%20All%20Time%20Highs&MinTV=75000&MinRL=95&X_NYSE=on&XN=on&X_AMEX=on
Thanks,
which one in particular? Any reasons why are appreciated too.
Thanks again.
Q: How do you delete recent settings?
A: Login to the website, http://www.trade-ideas.com, and visit Advanced Features & Acct Maintenance. From there go to 'Recent Windows' and you can delete what you like. Here is the direct link: http://www.trade-ideas.com/RecentWindows.html
Qs: Is the time shown in the alert EST? Can you change EST to CST?
A: The alert time adapts to your time zone - the one on your computer
You can subscribe to Trade-Ideas and choose one of our payment plans that suite your needs. Once you subscribe you can use TI Pro and the web version of the tool.
Being a Scottrade ELITE customer does not provide you access to the Trade-Ideas website. But everything at the website, including TI PRO, is available via Scottrade ELITE (e.g., alerts, filters, etc.)
Note that we have plenty of very valuable free scans and data available at the website that you may use. Visit our section called Stock Research from the homepage.
BEst,
D
? Please elaborate on what you are looking for. Thanks.
If you are a Scottrade ELITE user then you can use all the functionality of TI PRO inside Scottrade ELITE.
If you are at the Trade-Ideas website (or our blog at http://www.marketmovers.blogspot.com/) and see a strategy you like, simply click on the Configure link and note which alerts and filters are being used. The create the same strategy in Scottrade ELITE.
Let me know if that helps.
BEst,
David
Be aware, however, that you can simply modify this strategy to include only the Canadian exchanges. Simply go to the Exchange tab when you right-click and select 'Configure'. From there you can add the Canadian markets to this strategy.
That should do it.
We'll look into it - great suggestion. Thanks!
yes. The systems will link together. Visit our homepage at www.trade-ideas.com, goto our Video section and look at 2 of them: 'Actions for Alerts' and 'Think or Swim' at the bottom of the list. The 2 apps are similar.
Good IM question I want to post here:
(11:53:50 AM) geoarb: hi, I subscribe to trade ideas and had a quick Q
(11:53:58 AM) David: ok
(11:54:02 AM) geoarb: is here any way to scan for up and down sectors?
(11:54:45 AM) David: not sectors in their entirety - as you may know we show you stocks with divergences from sector performance
(11:54:56 AM) geoarb: yes
(11:55:14 AM) geoarb: i was thinking if you had any plans to add something like esignal hotgroups
(11:55:18 AM) David: you can get sector movement information from heat maps that are available i believe for free
(11:55:28 AM) geoarb: those are 15 mins delayed..
(11:55:30 AM) geoarb: ok
(11:55:32 AM) David: i see
(11:55:53 AM) David: well I will send in this suggeston of yours and it will get counted and logged. Thanks
(11:55:57 AM) geoarb: thanks
(11:55:58 AM) geoarb: bye
WAIT! I took a V8 and told geoarb this:
(12:11:30 PM) David: i have a follow up on your question earlier
(12:12:43 PM) David: You can always scan for indices that are like sectors. The same goes for ETFs - you can create that list - and vet the results. They will closely match sector performance
(12:21:08 PM) geoarb: ok great thanks!!
Whew.
Thank you for your interest in The OddsMaker. My best answer is to suggest the wealth of information we have about The OddsMaker and some comments on what each source will tell you.
First, of course, is the User's Manual which will inform you how the tool works and the various options available. http://www.trade-ideas.com/OddsMaker/Help.html
Second, you might find interesting how we and others use The OddsMaker to get our position management rules clear for each strategy we use. These can be found by looking at the category of posts from our blog labeled 'Strategy Session': http://del.icio.us/tag/strategy-session?setcount=25
and 'OddsMaker': http://del.icio.us/tag/OddsMaker
Third, I'm going to mention a few posts particularly helpful:
"How To Build A Trading Strategy Using The Odds Maker - 3 Part Series": http://marketmovers.blogspot.com/2006/09/how-to-build-trading-strategy-using_08.html
"The 2 x 2 Decision Box for Determining a Good Trading System": http://marketmovers.blogspot.com/2007/01/2-x-2-decision-box-for-determining.html
Finally, the way to make money with The OddsMaker is to find the right intersection where a good designed strategy meets a great time in the day to trade it along with the right holding period (all subject to a loose enough stop loss). Thankfully The OddsMaker makes finding this as easy as using a GPS device to find that restaurant without taking the highway. Consider The OddsMaker your GPS device for finding the not only the right trade, but the right way to trade it.
You make money when you know, for example, Strategy A works best in the morning with a holding period of 40 minutes while Strategy B performs its best in the afternoon session with a hold time of 90 minutes, etc.
With that information you are now armed with the guide-rails you'll need to handle the curves of any trade.
Quick answer:
On strategy one the filter is set to 3 standard deviations down. The stock in question was not down 3 standard devations at the time.
The beauty of our tools is that you can ask better questions than ever before of your strategies - like how is this pattern best traded in the markets right now? Using the OddsMaker helps you answer these questions easily - in a fraction of the time it would take you to backtest each stock opportunity and sum up the results - and yet this is the approach of many other backtesting tools like TradeStation and Wealthlab. They rely on a dependence of knowing the stock beforehand - they don't use the pattern for backtesting as The OddsMaker does.
Here's the last strategy we discussed about swing trading: http://marketmovers.blogspot.com/2008/05/automation-and-backtesting-not-just-for.html
And here are all the other strategies we discuss at the blog:
http://del.icio.us/tag/strategy-session?setcount=25
Do others here have a suggestion? Let's here it and I'll give credits to use the OddsMaker for those who chime in.
Good question alexbill and welcome.
The first tip I'll give you is to change the way you describe your pattern a little. Instead of citing specific dollar amounts near the daily high or low - think of percentages away from this ranges or more specifically percentiles of the daily range. We use these abstractions so that our alerts and filters can be modeled by anyone.
A good way to find what you want for example is to use the following filters:
Min or Max Position in the Daily Range: http://www.trade-ideas.com/ProductHelp.html#wsf_MinRD
If you had a value of 99 in the Min Daily Range - you'd see only the stocks in the top 1% of the day's range - near the high. Then you could choose for example the new high alert or any of the others that suggested an upward movement in this universe.
Garybtrader, here's our definition of the NR7 alert (a great one that's getting used more often I find in new and unusual ways): http://www.trade-ideas.com/ProductHelp.html#NR7
As you can read, we only make it look at a 15-minute stock chart - no plans to change this soon.
As for finding narrow range opportunities you can use several alerts in TI PRO. We call them narrow range buy bar alerts and narrow range sell bar alerts in 5, 10, 15, and 30 minute candlesticks. http://www.trade-ideas.com/ProductHelp.html#NRBB5
We also have consolidation breakout alerts which are related: http://www.trade-ideas.com/ProductHelp.html#CBO5
You can subject these alerts to filters in TI PRO that also use narrow ranges like Min Range Contraction: http://www.trade-ideas.com/ProductHelp.html#wsf_MinRC
and dont forget the interesting Today's Range filters that you can set to look for stocks with higher than usual daily ranges or smaller than usual daily ranges: http://www.trade-ideas.com/ProductHelp.html#wsf_MinTRangeD
Good luck
Welcome chartfan, unfortunately we currently do not model for the ADX as an alert. I will make it a suggestion (I believe it's already on our to-do list).
We do have RSI filters as well as filters for Volume and SMA, but I dont think it will work for you as you seem to have a specific pattern you are looking for.
If you can describe that pattern differently, you may find what you are looking for in TI.
Read our blog and the category of posts called Strategy Session to get some idea how others (including swing traders) use our tool:
http://marketmovers.blogspot.com/2008/05/automation-and-backtesting-not-just-for.html
OK Unlivable - Here's what I came up with. I like your idea.
I wouldn't give up on the bottoming tail alerts which is the pattern you are looking for. Read the definition and put in a value that's not 100% identical match to the pattern, but something a little less strict like a match of 80% like I used.
Another alert I used was a simple 15-minute high candlestick alert - subject of course to the filters I selected.
I chose the following:
First some good general filters that give me a basic universe I'm familiar with. These are like my stock ingredients for every soup (viz strategy) I make:
Min Price of $5, Max Price of $100
Max Spread of 10 pennies
Max Distance from Inside Mkt: 0.1 %
ADV of 300,000 shares/day
Min Current Volume of 3 - looking for healthy stocks with 3x their normal volume at the time of the alert
The real unique filter for this strategy comes from this one filter:
Max Up Candle: -5; this is where you can have the option of 3,4,5 or 6 candles in a stepping down formation before getting alerted to a 15-minute high. Your taking the bottoming tail alert and describing it in pieces with the Max Up Candle (using a negative is the way to tell TI the most the candle can be up is to be down 5 candles. Down = negative) and the 15-minute high candlestick alert.
See the definitions of all these filters and alerts in our Online Help section: http://www.trade-ideas.com/Help.html
I like what the OddsMaker reported for this strategy when I backtested it for trading only in the morning with a $0.35 stop loss and a holding time period of 90 minutes in the position.
Results for the last 3 weeks gave me this:
"38 / 73 = 52.05% up $0.01 in 90 minutes; Average winner = $0.43, Average loser = $-0.2518, Net winnings = $8.21, Best = $1.50, Worst = $-0.35; Casino Factor = 97.44%"
To understand what this OddsMaker summary means refer to the manual:
http://www.trade-ideas.com/OddsMaker/Help.html
Here is the strategy. I call it "LONG Breakout of 5 15-minute Down Candles"
http://www.trade-ideas.com/View.php?O=1000000000000000000000000000000010000000000000_1D_0&QBT15=80&MaxDNbbo=0.1&MaxPrice=100&MaxSpread=10&MaxUp15=-5&MinPrice=5&MinRV=3&MinVol=300000&WN=LONG+Breakout+of+5+15-Minute+Down+Candles+SL35+H90+AM
In case it gets cut off:
www.trade-ideas.com/View.php?O=1000000000000000000000000000000010000000000000_1D_0&QBT15=80&MaxDNbbo=0.1&MaxPrice=100&MaxSpread=10&MaxUp15=-5&MinPrice=5&MinRV=3&MinVol=300000&WN=LONG+Breakout+of+5+15-Minute+Down+Candles+SL35+H90+AM
Remember that these set-ups are sketches meant to give you an idea how to model your own trading plan. Use this 'as is' or modify it to your own liking as many others do. Know, however, that Trade-Ideas.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, alerts and all other features are for research purposes only and should not be construed as investment advice
Good luck
Our Director of Trading Education Jamie Hodge says,
"It's a direct testament to the summer doldrums..." that nothing exists at the moment that's a clear cut winning strategy.
Here is what he came up with along with position management rules optimized by The Odds Maker. Use this as a starting point for your own trading as we cannot guarantee any of the results you may have trading this strategy.
"SHORT- Heavy Options Vol w/2.5 put/call and 400%vol .50=SL Hld:25 MinsNo"
This is a short selling strategy. It looks for heavy options volume (trading 400% more than usual volume today) with a 2.5 Put/Call ratio. The position management rules call for a $0.50 stop loss and a holding period of 25 minutes.
In case it gets cut off:
www.trade-ideas.com/View.php?O=8000000000000000000000000_1_0&MaxDNbbo=0.5&MaxPrice=500&MinPCPV=400&MinPCR=2.5&MinPrice=5&MinVol=500000&WN=SHORT-+Heavy+Options+Vol+w%2f2.5+put%2fcall+and+400%25vol+.50%3dSL+Hld%3a25+MinsNo
http://www.trade-ideas.com/View.php?O=8000000000000000000000000_1_0&MaxDNbbo=0.5&MaxPrice=500&MinPCPV=400&MinPCR=2.5&MinPrice=5&MinVol=500000&WN=SHORT-+Heavy+Options+Vol+w%2f2.5+put%2fcall+and+400%25vol+.50%3dSL+Hld%3a25+MinsNo
Try the sector divergences to spot stocks going a different way than the sector.
You could also use the intermediate Running Up or DOwn alerts - these alerts and the other Running Up/Down alerts are the ones most sensitive to news and price movement.
Combine these alerts with the volume filters and you may find yourself trading the stocks ahead of the up/down grade announcement!
Good question.
Here are some approaches:
Gap Up filter, 5 minute high alert
or
Gap Up filter, 5 minute opening range breakout alert
Try a mix of those alerts and filters. It will work for you.
Here is the answer (look after you try to build it first on your own!)
http://www.trade-ideas.com/View.php?O=100000000000000000000000000_19_0&MinGUD=0.5&WN=Breakout+of+first+Five+Minutes
in case it gets cut off:
www.trade-ideas.com/View.php?O=100000000000000000000000000_19_0&MinGUD=0.5&WN=Breakout+of+first+Five+Minutes
No - TI Pro in Scottrade ELITE will continue to be a free service provided by Scottrade to its customers. Only the OddsMaker will be an additional valuable service that customers may decide to subscribe to.
Thanks for the message.
Scottrade will be including The OddsMaker into the Scottrade ELITE platform featuring Trade-Ideas PRO. It will look very similar as the way it looks today inside TI PRO. Scottrade will charge its customers a monthly subscription to use The OddsMaker - the fee has not been determined yet. This looks to happen by September of this year (just a few short months).
At this time Scottrade is not considering automated trading via Trade-Ideas - but that may change. I encourage you to voice your preferences to your Scottrade branch office!
I hope that answers your questions!
I'll look into it and get back to you. Opening ranges are tough alerts in that they are sometimes/frequently adjusted by the exchanges.
Please send the money to Philip Smolen in Encinitas, California. Send me an email after you do at philip@trade-ideas.com. I will need the following information from you.
Your Trade-Ideas account name.
Your name, exactly as you gave it to Western Union.
The city and country from which you are sending the money.
Your phone number, exactly as you gave it to Western Union.
The amount of money you sent.
The confirmation number that you received from Western Union. This is labeled MTCN.
Let's clarify by defining some terms.
Here is what Investopedia defines as "pivot points":
"By definition, a pivot point is a point of rotation. The prices used to calculate the pivot point are the previous period's high, low and closing prices for a security. These prices are usually taken from a stock's daily charts, but the pivot point can also be calculated using information from hourly charts. Most traders prefer to take the pivots, as well as the support and resistance levels, off of the daily charts and then apply those to the intraday charts (for example, hourly, every 30 minutes or every 15 minutes)."
Source: http://www.investopedia.com/articles/forex/05/FXpivots.asp
We currently do not calculate pivot points or have these kind of alerts, but we do use the same information and so can you.
Pivot points are markers of breakout or breakdown activity. There are many ways to be alerted to this kind of action in Trade-Ideas.
Taken literally we have the Channel Breakout and Breakdown alerts: http://www.trade-ideas.com/Help.html#CHBOC
We also have the Crossing Support and Resistance alerts where you set the levels in number of days: http://www.trade-ideas.com/Help.html#CDHR
Another way to look at stocks making interesting crossovers (which include pivot points) is to be alerted to when a stock's intraday one period SMA crosses over another, say for example when a 8 period SMA crosses over a 20 period SMA - there are more here: http://www.trade-ideas.com/Help.html#ECAY2
While we dont have pivot points in our inventory currently any of the above alerts will find you the same interesting movements you are looking for.