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Some answers:
5 minute bar:
The end price is the last print.
The start price comes from a one minute candle, and is therefore precise to the minute.
The OddsMaker:
We enter based on alerts.
These can be based on single prints, various sized candles, or other data; see the on-line help for specifics about different alert types.
http://www.trade-ideas.com/Help.html
The normal exit is based on time. Exit times are rounded to the nearest five minutes. When you specify a delay time, that is not rounded. First we add the delay time to the entry time, then we round the result. So you can easily see your exits on a five minute candle chart.
Stop losses and profit targets are mostly triggered by a single print. There are, however, some special cases. We try to simulate real trading by assuming that you can’t always get into a stop loss instantly.
Hope that helps.
You did see this reply, correct?
http://investorshub.advfn.com/boards/replies.aspx?msg=36090562
Hi. Without knowing what timeframe you are considering, I took a few liberties and came up with a strategy that produces stocks in a middle range of the year and previous day that are exhibiting thrusts or producing wide range bars after sideways movement.
Click on this shortened link and copy the resulting link in the browser to import it into TI PRO using the Collaborate feature:
http://bit.ly/134pA
Thanks. That one will go into the development queue. Much appreciated.
This comes straight from our CTO:
"Hi. I think there’s some confusion about what those radio buttons do. You can only select one of the radio buttons. You can’t include some lists, and exclude others, and have just a single symbol.
Maybe an example would help. If you click on a symbol, it will be checked. If you were on “all symbols”, then “only the following lists” will be checked. That means that TI will only display symbols from that one list.
Now if you move the radio button to “exclude the following lists”, the same list will remain checked. If you hit OK now, TI will only show you symbols which are not in that list.
You can quickly switch between these two cases by changing just the radio button. You don’t have to undo one set of lists. You won’t ever get include and exclude at the same time. We set up the dialog box this way so that (like most Windows’ dialog boxes) you can select the controls in any order you want. You can first chose a set of lists, and then say what you want to do with those lists. Or you can choose what you want to do with the lists, and then select the lists. You can even select some lists, then select the right radio button, and then select more lists.
The same is true of the “single symbol” option. You can select that, and then fill in a symbol. Then you can select other radio buttons to look at the other options. As long as the dialog box is open, it will remember which symbol lists you selected, and what you typed in for the single symbol. But as soon as you hit okay, it with throw out the irrelevant settings.
Selecting a radio button is totally different from selecting a tab. Each of the tabs is independent. You can choose alerts and filters and symbol lists totally independently of each other. But on the symbol list tab, you can only choose one of the radio buttons. Whichever one you choose last is that one that matters."
I hope that helps. Thanks
Nice. I will put it in the suggestion box and development queue.
The examples you gave looked good to me. My guess is that there was some confusion over the meaning of the up candles filter. In particular, if you ask for two or more up candles, that refers to the last two completed candles. This does not refer to the candle in progress. If that’s what you are looking for, you will have to combine two or more filters. For example a minimum of 1 (complete) up candle and a minimum of $0.01 up in the last 30 minutes.
I’m a little more confused when you say that no alerts came up in the last 30 minutes of the trading day. I see a lot of alerts matching your filters at that time. If you haven’t already done so, this might be a good time to sign up for our free training session. Send an email requesting this with your username to jhodge "at" trade-ideas.com. It’s one-on-one, and you share a computer screen with the instructor. If you think you see something strange, you can easily show the instructor exactly what you’re looking at.
Our Running Up/Down alerts include Stochastic calculations in them. Choose from either movements in actual price, Fast, Intermediate, or LT confirmed.
Based on your description I would choose something like this:
http://bit.ly/tUS9i
(Click on this link to open it in a browser, then copy the link and paste it into TI PRO using the Collaborate feature)
Nicely done.
Thanks for the questions.
Unfortunately in the E*TRADE integration, audio options are not available (yet - I will let them know of your request). TI PRO has the ability to let you assign any sound or music you like to an alert.
As for the quality column, here is the transcript of our video that describes this in more detail:
http://www.trade-ideas.com/VideoHelp/Menu.html?video=Trade-Ideas%20Pro:%20Columns:%20Quality&mode=transcript
Click on the link at the top of the page to see the entire video.
Just had an idea.
Open up this strategy in TI PRO.
Right click and select 'View Mode'. Here you can see the display in different ways.
Try selecting 'Group & Newest Symbols First'. This might help you avoid seeing repeats. You can also try 'Group & Sort By' any of the columns. I chose the quality column and it allowed me to see at the top new highs/lows of the day while at the bottom of the list I saw highs/lows of over a year, etc.
I think this will help alot.
LOL. I will make it a suggestion. Done.
Here is your scan, "Stocks Down 5% Previous Close":
http://www.trade-ideas.com/View.php?O=8000000000000000000000000_1d_0&MinPrice=5&MaxSpread=15&MaxDNbbo=.2&MinVol=300000&MaxFCPP=-5&WN=Stocks+down+5%25+Previous+Close
Go to this link and scroll ot the very bottom: http://www.trade-ideas.com/Config.php?dest=View.php&O=0_3d_0&WN=My+Alerts
It's an index of our alerts that will help you locate answers. For instance Price vs Time (e.g., MACD, Stochastics Fast & Slow, etc.) are all what make up our Running Up and Down alerts
Look for the daily as well as 15min RSI filters here:
Daily - http://www.trade-ideas.com/Help.html#WSF_MinDRSI
15 min - http://www.trade-ideas.com/Help.html#WSF_MinRSI15
Tell me about which alert is firing off the same symbol at times.
I ask because there are several ways to deal with this:
1. Many alerts have an alert-specific filter next to them where you can dial up the threshold before an alert is generated (e.g., Running Up alerts that use a ratio or imaginary dial from 2-10, etc.)
2. Another way to filter out the number of times is by adding an additional filter or increasing an existing filter you have. (e.g., increasing the Min Current Vol filter to a higher number will ensure you only see alerts on higher than usual volume)
3. You can also use our Min and Max count filters. I know this doesnt exactly fit your request of appearances/minute, but it can be useful. Also look at the heartbeat alert which is the only alert that acts in the manner you describe.
Thanks for your patience.
You are looking for an on-top program. That is certainly one way to do it, but not the preferred way with eSignal. Using eSignal, you have two, well three, options to run the program. You can run it inside an application window (picture1), in free floating mode (picture2), or a combination of the two.
Picture1 and Picture2: http://maisonmarcel.blogspot.com/2009_02_15_archive.html#3151837616103445418
I recommend using free-floating eSignal windows on the monitor you wish to have the alerts running. Otherwise, you can go to our FAQ that references a third party on-top program (after the free trial, it is necessary to pay for it) http://www.trade-ideas.com/FAQ.html#Q30.
Yes. I can tell you they are coming. For our development team's sanity, however, I cannot tell you when. But it is sooner rather than later.
SOrry to be so vague!
We are working on several new alerts for Trade-Ideas, based in part, on the work of Pristine and VCM (Velez Capital Management). More details coming shortly.
Here is your scan:
Enter it into TI PRO using the Collaborate feature (when you right click into a strategy). Then to see the opposite setting for Lows, select Configure and then find the 'Flip' button.
"20% of HOD, Gapped Up, Abv Prev Day Range"
http://www.trade-ideas.com/View.php?O=8000000000000000000000000_1d_0&MinPrice=5&MaxDNbbo=.2&MinVol=300000&MinGUD=.05&MinRD=80&MinRPD=100&WN=20%25+of+HOD%2C+Gapped+Up%2C+Abv+Prev+Day+Range
We only alert when the X min opening range is crossed in a breakout or breakdown. Cant get to within 20% of it at the moment unless its the high or the low of the day.
It does not run every five minutes. A handful of our alerts and filter do that, but not this one. This compares the current price to the price 5 minutes ago. The idea is that if a stock takes off quickly, you don’t want to wait 5 minutes to be notified.
So we are comparing two prices. The most current price changes with every print. So that can change multiple times per second, depending on the stock.
The older print is precise to the minute. So if you are looking at 9:35, you will be comparing the last print to the price at 9:30. 59½ seconds you are still comparing the price to the price at 9:30. But at 9:36 you start comparing the current price to the time at 9:31.
http://www.trade-ideas.com/Help.html#WSF_MinDUp5
What do you mean by the 30 minute range?
Opening range?
Any 30 minute period?
Also what is the trigger you are looking for given these filters?
I used the heartbeat alert which is just an alert that all filters are satisfied,
but I couldnt get past my first question,
so I stopped here:
http://www.trade-ideas.com/View.php?O=8000000000000000000000000_1d_0&MinRV=1&MinPV=200&MaxRange30=1&MinGUD=.05&WN=My+Alerts
1. Welcome! Glad you found us.
2. Nice bike - really nice.
3. I'll put your suggestion in the queue. One of the reasons we have a lot of predefined alerts is to keep the complexity as much out of the system as possible. TI has never been about coding your own alerts (like TradeStation) but we do listen to our customer requests and will work on making this more flexible.
4. Dates? Expand the column - you'll see it.
5. UPDATE: Each entry signal comes with a forecast of how far the stock will move, in dollars per share. You can filter the amount of room left in the channel by putting a value inthe alert specific filter. (it will only show you alerts greater than the value you enter).
Hope that helps.
Thanks for the compliments. The latest update to the OddsMaker is currently being worked on by Scottrade. It should appear in Scottrade ELITE during the next major upgrade scheduled soon.
The longer term (by year end or even sooner) idea is to eventually have the automated trading capabilities. Hang in there! And keep up the messages - they are indeed looked at.
Thanks!
I'll pass the suggestion along. Thanks!
I am familiar with them - and from what I remember they are not too complicated. They should be easy to recreate and improve upon in TI.
I just dont have access to them
Very good.
Try leaving the HB alert filter blank. Otherwise I believe the help says that it scans every 1 minute or so.
Come on.
This is kind of easy.
So I will do the breakout and you
can do the breakdown.
How?
Copy and paste this strategy into TI PRO using the Collaborate feature (just right click in any window to see this).
Once you do this right click and select Configure. You'll see a button that says 'Flip'. Press it and you'll get the opposite strategy (but you should try to get the reverse on your own first).
http://www.trade-ideas.com/View.php?O=800000000000000000000000000_1d_0&MinPrice=5&MaxSpread=15&MaxDNbbo=.2&MinVol=300000&MinRV=2&MinRPD=100&WN=30m+Opening+Range+Brkout+on+2x+Vol+Above+Prev+Day+High
Hi. Sorry for the delay in getting back to you.
The heartbest alert will work for you.
It's the alert you use when you don't want an alert.
It simply alerts you that all the filter conditions are met.
Think of finding a minimum of 2% gap down candidates as saying, "The most a stock can gap up is to be down -2%" (you therefore are putting a value in the Max Filter)
Here is your strategy whose configuration you can copy and recreate in E*TRADE Pro:
http://www.trade-ideas.com/View.php?O=8000000000000000000000000_1d_0&MinPrice=5&MaxSpread=15&MaxDNbbo=.2&MinVol=300000&MaxGUP=-2&WN=2%25+Gap+Down
NOt sure I understand the question.
It's called the Collaborate feature.
http://www.trade-ideas.com/VideoHelp/Menu.html?video=Trade-Ideas%20Pro:%20Collaboration
In the OddsMaker Success is the area where you define the Min definition of success and a given direction that the trades will go in. Think of the Profit Target as a Max value (i.e., you wont make more than this target).
Note: Full OddsMaker manual is found here:
http://www.trade-ideas.com/OddsMaker/
It's hard to define a universe without knowing more information on how you trade. But that's the life of providing a good answer without all the facts.
I came up with this configuration that looks good in the number of alerts it generates. I did not backtest it since I do not know your position management rules.
This strategy looks for consolidation which I define as movement restricted to btwn 0.05 and 0.50 in a one-hour timeframe:
http://www.trade-ideas.com/View.php?O=c000000000000000000000000003000000000_1d_0&QCHBD=7&QCHBO=7&MinPrice=5&MaxSpread=15&MaxDNbbo=.2&MinVol=300000&MinRV=1.5&MinVol30=200&MinRange30=.07&MaxRange30=.45&MinRange60=.05&MaxRange60=.5&WN=Consolidation+Breakout/down+w/Volume
NOT CLEAR WHAT YOU ARE SAYING.
Please give us your Trade-Ideas username and a better description of the pattern you are looking for. Thanks!
You should try the button (i.e., take the blue pill - jk)
Here is an explanation:
"The flip feature allows you to switch between a bullish strategy and a bearish strategy in one click. For example, assume you are looking at new 7 day highs, which are at least 10% above their VWAP. When you click flip, the window will show you stocks which are making new 7 day lows and are trading at least 10% below their VWAP. Some items don't change. If you are looking for block prints in stocks which are in a consolidation pattern of at least 7 days, the flip feature will point you back to the same strategy."
We blogged about it as well:
http://marketmovers.blogspot.com/2007/04/trade-ideas-releases-beta-of-v21-with.html
Here's our explanation for Alert Count from our help:
"The # column tells how many alerts like this the server has reported. The count is reset at midnight. There is a separate count for each alert type for each symbol. The users' filters do not affect the count."
Here's a video explanation:
http://www.trade-ideas.com/VideoHelp/Menu.html?video=Trade-Ideas%20Pro:%20Columns:%20Count
Link to transcript included. Thanks!
You've got the right idea. When you are just using the filters to see a potential universe, we automatically add the 'Hearbeat' alert which is simply the message that all filters are satisfied.
here's the Help on it:
http://www.trade-ideas.com/Help.html#HB
D
Great initiative. I've also put this on my twitter stream (http://twitter.com/TradeIdeas). Hope you get some good responses!
Look at the "Net Winnings" field. This is how much you expect to make in the time period you selected. The second number in the results is the number of trades in that time period. If you want to see the expectations per trade, then divide the net winnings by the number of trades. If you are looking at a percent, then this is the percent of the amount that you put
into each trade.
This information and more is available at
http://www.trade-ideas.com/OddsMaker/Help.html.
Here's our formal response to your earlier post:
"It’s a known issue. It will be changed in a future release. Thank you for your feedback.
FYI, if you hit cancel, you will be using the right alerts. The only problem comes when you want to make a small change in the alerts. Your work around is correct."