I agree with this completely. Especially with Intraday type of trading you really need more sophisticated decision making. A great example is looking at multiple oscillators. Typically looking at just one oscillator doesn’t give you optimal results and there is not just one condition that makes each oscillator a valid trigger. So you get into the multiple and/or situations.
Any others have interest in adding this functionality?
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Please consider a "save as" function so that one can save an edited strategy either to a different strategy menu location or to a file that can be imported into any of the 10 strategy menu locations.
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I would like my short to execute when any hourly intraday candle range does not exceed the (CLOSE,19,0) SMA that presents on the hourly chart. My best attempt at this strategy is:
Intraday Simple MA (1,60,0) is Greater Than Intraday Top 1/8 of Candle Price (1,65,0)
This stategy is not working because I see hourly prices pluge below the 19 SMA and the trader says this rule is preventing a trade.
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click on the RULES button and see what values are showing up for the Intraday indicators in your open position rules.
if the values are showing -1 it means that there are not enough minute bars stored up to make the calculation. that would be because the cooltrade data feed does not have historical minute bars data. therefore you would have to run your trader for 60 minutes before it will accumulate 60 minutes worth of data.
however, if you use either td ameritrade or interactive brokers for the data feed then it will immediately have a value becuase cooltrade gets historical minute bars data from those 2 brokers.
enlightened
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The value is greater than 1 and I am using IB anyway. When I click on my symbols list, I can see where Cooltrade indicates that this rule has not been met, when clearly I see that it has been met. Can you think of any other possibilities?
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Since you are using IB then those indicators would have values.
If it shows on the RULES screen that the rule has passed, then I don’t see how it could also (at the same time) be saying that the same rule is preventing the trade. I have never seen that before.
Based on your original post, the rule that you created (Intraday Simple MA (1, 60, 0)) does not have anything to do with the 19 SMA that you referenced at the bottom of your top post.
If the rule is:
Intraday Simple MA (1,60,0) is Greater Than Intraday Top 1/8 of Candle Price (1,65,0)
It will show the values of each of those 2 indicators.
The only way the trader should show that the rule failed is if the 1st indicator is not greater than the 2nd indicator.
The way I see it the only way that rule could pass is if the stock just sat at the top of the candle for 60 minutes, because the Top 1/8 of the 65 minute candle would be near the top of the candle, while the 60 minute moving average would be the average price of the 60 minutes which takes into consideration the high and the low of the bar. I have not tried it but I can’t imagine that rule ever passing.
Ed
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I believe that the problem lies in my inability to write the rule correctly. I would like the short to execute when one whole hourly candle, excluding wicks, does not exceed the (CLOSE,19,0) SMA that presents on the hourly chart. In other words, if the open and close of the hourly candle are below (CLOSE,19,0) SMA, then the short executes. If you could please write me this rule using the cooltrade rules, it would be greatly appreciated!
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Our EOD indicators are not based on hourly data.
The EOD indicators use the close price for their calculations.
The only way I can see to write (hourly SMA is below the 19 day sma) is:
Intraday Simple MA (1,60,0) is less than 19 Day SMA
I can’t say that is a viable strategy, but that is the way to create the rule.
Ed
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I would have liked the ability to trade the E-mini S&P on the CT application. The E-mini is a commodity ticker symbol ES which is the stock market index futures contract and can be traded 24X7.
Thx,
Igal
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Create indicator groups within the tabs. this would allow (for example) let say your exit rule says "close position when macd becomes barrish". A separate grouping says "close position if dow, sp500 etc is less than zero". "AND/OR" selections could be used between the groups allowing one group to exit a position or grouping to work separately..
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auto adjusting mechanism would allow one to choose any indicator in the watchlist that we want Cool-Trade to automatically adjust to repopulate the watchlist symbols daily. This would allow Cool-Trade to be 100 percent hands free. This might also allow the trader to choose how many symbols to adjust to. For example: I always load the maximum (I beleive) 89 symbols to fill the watchlist. I might say "use yesterdays shares volume" to auto adjust to keep my symbol count near 89
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"Copy To" function in the strategy wizard allowing one to save the modified strategy in any location: the button would open the current copy window. currently the only way to retain your original configuration is to "Return" and click "dont save".any changes.
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Currently the Strategy Wizard is designed to allow an exit if "all criteria is met" or "any criteria is met". I would like to suggest a sub group (or additional TAB) that would allow exiting a trade even if the current TAB exit criteria has not been met.
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What you are suggesting is an additional (OR) Tab that will allow us to have multiple tabs of exit rules:
So:
TabA: All (or any) of these rules must pass
or
TabB: All (or any) of these rules must pass
I only exit based on the Tab6 settings so I would not use the Exit Tabs, but I can see the value of that functionality.
I can also see the value if CT did the same extra tabs for opening the position and adding to the position (tabs 3 and 4 respecitively).
Enlightened
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Trade execution despite rules not fulfilled.
My long trade executed with the below rule values. As you can see stochastics less than 50 and intraday close> intraday open are not true. I have set the rules to be all condition must be true. Am i doing something wrong here?
OPEN POSITION RULES
Intraday Stochastic FastD ( 3,14,3,0 ) > Intraday Stochastic FastD ( 3,14,3,1 )
MinuteStochasticFastD (3 , 14 , 3 , 0) : 99.9988
MinuteStochasticFastD (3 , 14 , 3 , 1) : 99.9975
Intraday Close ( 3,1,0 ) > Intraday Open ( 3,1,0 )
MinuteClose (3 , 1 , 0) : 81.2000
MinuteOpen (3 , 1 , 0) : 81.2000
Intraday Stochastic FastD ( 3,14,3,1 ) < 50 Dollars
MinuteStochasticFastD (3 , 14 , 3 , 1) : 99.9975
Intraday MACD Value ( 12,26,9,3,0 ) >= to Intraday MACD Value ( 12,26,9,3,1 )
MinuteMacdValue (12 , 26 , 9 , 3 , 0) : 0.0079
MinuteMacdValue (12 , 26 , 9 , 3 , 1) : 0.0085
Intraday Stochastic FastD ( 3,14,3,1 ) >= to Intraday Stochastic FastD ( 3,14,3,2 )
MinuteStochasticFastD (3 , 14 , 3 , 1) : 99.9975
MinuteStochasticFastD (3 , 14 , 3 , 2) : 99.9950
2. Created on Jul/22/2011 5:53 PM by basanath
basanath
Re: Trade execution despite rules not fulfilled.
here is another short position, the rule values are completely off and CT entered a trade.
OPEN POSITION RULES
Intraday MACD Value ( 12,26,9,1,0 ) < Intraday MACD Value ( 12,26,9,1,1 )
MinuteMacdValue (12 , 26 , 9 , 1 , 0) : 0.0000
MinuteMacdValue (12 , 26 , 9 , 1 , 1) : 0.0000
Intraday MACD Value ( 12,26,9,1,1 ) > 0 Dollars
MinuteMacdValue (12 , 26 , 9 , 1 , 1) : 0.0000
Intraday Stochastic FastD ( 3,14,3,0 ) < Intraday Stochastic FastD ( 3,14,3,1 )
MinuteStochasticFastD (3 , 14 , 3 , 0) : 100.0000
MinuteStochasticFastD (3 , 14 , 3 , 1) : 100.0000
Intraday Stochastic FastD ( 3,14,3,1 ) > 80 Dollars
MinuteStochasticFastD (3 , 14 , 3 , 1) : 100.0000
Intraday MACD Value ( 12,26,9,1,1 ) < Intraday MACD Value ( 12,26,9,1,2 )
MinuteMacdValue (12 , 26 , 9 , 1 , 1) : 0.0000
MinuteMacdValue (12 , 26 , 9 , 1 , 2) : 0.0000
Intraday Stochastic FastD ( 3,14,3,1 ) < Intraday Stochastic FastD ( 3,14,3,2 )
MinuteStochasticFastD (3 , 14 , 3 , 1) : 100.0000
MinuteStochasticFastD (3 , 14 , 3 , 2) : 99.9999
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If you are looking at the Log file for these indicator rules/values, you must make sure it says "Open Position Rules Passed", because those rules get written to the logs periodically regardless of whether they the Open Rules, Add To Position Rules, or Exit Rules passed or not.
Also, make sure on the RULES screen, above the Open Position rules that it says "ALL RULES MUST PASS" and NOT "ANY RULE MUST PASS".
CT
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In the Strategy Wizard, make sure you have it checked that ALL OF THE RULES MUST PASS.
The ALL or ANY rules must pass, can be found just above the list of rules.
I have accidently selected ANY and it opens positions if even 1 rule passes.
Enlightened
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I have all conditions must pass checked. I clicked on the position opened and closed, and then go to the rules menu to get these values. Am I getting the wrong values. How can i get the values at the time of opening and closing the position.
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In the Trader directory there is a sub-folder called LOGS.
One of those files has what the indicator values were NEAR the time of the trade. Because data is changing in multiple threads, some values can change from the time the rules are evaluated and the time the data gets logged so occasionally an indicator may look wrong, but it was not wrong at the time the buy/sell decision was made.
Make sure it says "Open Positions Rules Passed" or "Exit Rules Passed" next to the rules/indicators you see in the file.
CT
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Thank you very much. i can see the rule values at the time of entering the trade now.
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How do we get to that sub-folder "logs"? Also, in my rules for choosing the watch list, among other basic things (min volume, assets >liabilities, etc.) I have: " The RSI < 10 " but it still brings up more symbols (11) than I would expect, AND, when I check them, none of them show an RSI < 10 and some are around / over an RSI of 50.
Quite often it does not follow the rules. I have a limit of $15,000 max funds to use, it has gone over that. I have a limit of $4,000 max funds per trade, it has gone over that. And various other things it seems to violate.
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jk,
1) To find the log files and folders open My Computer and follow this path: C:\Program Files (x86)\CoolTrade Automated Trader\Logs
2) Can you post how the rule reads in the strategy wizard? I think you will need to make sure that you also have a secondary rule it runs against .
Example: "Relative Strength Indicator is at least 10 percent less than Relative Strength Indicator (-1 Day)"
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Thanks JoeBob,
(2) Yes, I simply selected "RSI > 10" (numerical value, which it shows in "dollars" although it must be some other value - the RSI) - with nothing selected on the right side of the rule list, in the wizard.
Does, RSI (-1 Day) mean the RSI value from the previous day??
If I want to see something with an RSI value of less than 30, or over 50 etc., how might we achieve this ?
your example, "Relative Strength Indicator is at least 10 percent less than Relative Strength Indicator (-1 Day)" - only relates one day to another, but would not give us a value of the RSI, right?
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on (2) I am getting better results. I was using the RSI (2) in the trader, but was checking it against RSI (14) in my charts (comparing 2 different things). Now using both (14) the results are looking good - more like they should.
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jk,
That is good. There is also an Intraday RSI as well if you are looking for more intraday data.
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is the daily top trader one from among the robot, kdgripper ....... etc strategies. If not is it possible to also put up the strategy with the permission of the trader, like having a checkbox to agreeing to publish the startegy?... just a thought
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The way it works is, you check a box on the preferences screen in the automated trader that says "would like to share my strategies". Then, if you have a top strategy, it appears on the website and in the Strategy Wizard (bottom of the OPTIONS buttons next to each strategy), for other to copy.
You can also click FILE->MAINTAIN FRIENDS LIST in the Strategy Wizard and check a box that allows you to share all of your strategies. If you check the share option, your email address will appear at the top of the COPY STRATEGY screen for others to click on and see / copy all of your strategies.
You can also enter individual email address on the Maintain Friends List screen to allow only specific individuals to see your strategies. Many who have multiple subscriptions enter all of their own email addresses so that they can copy from one of their accounts to another.
CT
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Client requests the $200k limit, for a single stock purchase, be raised to at least $300k, on Tab1 of the Strategy Wizard.
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Client requests the $200k limit, for a single stock purchase, be raised to at least $300k, on Tab1 of the Strategy Wizard.
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Need to be able to specify smaller percentage increments in the following dropdowns in the Profit Requirements tab:
Profit Goal
Pullback after reaching profit goal
Start Profit Protection Here
Increments of .01% for anything under 1% should do the trick.
I would suggest just allowing all the percentages on the Profit Requirements to be smaller increments. For stocks trading at > $100 the increments intraday the increments are too big.
Thanks.
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I have the link to a NDG 6m daily chart to make my case.
<a href="
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Request the following changes to the strategy wizard:
Ability to mix/match AND/OR conditionals on the entry and exit pages.
Include Not equal as one of the operators on the entry and exit pages.
Thanks.
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Yes the Watch List, Open New Position and Exit Trade Rules tabs should all include the OR and Not Equal operators to improve strategy flexibility. Also basic arithmetic operators ( +, -, *, / ) should be able to be combined with logical operators. For example:
Todays Open Price is Greater Than Yesterdays High Price - (Yesterdays High Price - Yesterdays Low price) / 3
Which is just a verbose way of saying today’s open is in the upper third of yesterday’s range. In ThinkOrSwim you can their ThinkScript to easily create the same rule with the following:
Open > High[1] - (High[1] - Low{[1]) / 3
I wish they would drop the descriptive rule format and use a simpler arithmetic format for people who want to create rules. There’s less confusion about what a rule entry definition means.
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Yes the Watch List, Open New Position and Exit Trade Rules tabs should all include the OR and Not Equal operators to improve strategy flexibility. Also basic arithmetic operators ( +, -, *, / ) should be able to be combined with logical operators. For example:
Todays Open Price is Greater Than Yesterdays High Price - (Yesterdays High Price - Yesterdays Low price) / 3
Which is just a verbose way of saying today’s open is in the upper third of yesterday’s range. In ThinkOrSwim you use can their ThinkScript to easily create the same rule with the following:
Open > High[1] - (High[1] - Low[1]) / 3
I wish they would drop the descriptive rule format and use a simpler arithmetic format for people who want to create rules. There’s less confusion about what a rule entry definition means.
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At least the "not equal" should be added.
One obvious use is "current hour NOT EQUAL to 12"
I see no other way of trading before AND after lunch.
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Can you please add the ability to maintain the seperate watch lists entirely and not remove from both when a position is opened? Maybe you add a checkbox to allow going long/short on same position.
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I totally agree. The ability to hedge a position would be very helpful... especially if an open position drastically moves in a losing direction. This is one of the drawbacks to CTP in my experience.
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The long and short watch lists are separated in teh system.
In the Strategy Wizard you edit the Long and Short strategies separately and so you have 2 separate strategies.
In the Automated Trader, the long ans short watch lists are separate.
When trading, the reason the symbol is removed from both watch lists when a position is open is because you cannot go long and short with the same symbol at the same time. Therefore it doesn’t hurt to remove the symbols from the watch lists while you are in an active position. When the position gets closed the symbol goes back into both watch lists.
Enlightened
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just for added clarity, this is a rule with the brokers, not with CT.
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Please give us the ability to use Exit Rules to close individual lots based on indicators/rules.
Currently when the rules on Tab5 (Exit rules) are true, the ENTIRE position gets closed. Whereas, the new Exit Rules For Individual Lots would give us the ability to close only the lots that meet the exit rules.
This request is from dmklawyer and Hedge
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Request for a way to have more than 10 lots per stock symbol.
I tried using the Lot Size Based on Fixed Amount, but can’t get it working for some reason either. I set the maximum per symbol to $500,000. The maximum per lot to $5000 (more than enough for 100 shares of what I am buying) and then set the min and max shares per trade to 100. But it treats the Max shares PER TRADE as a max shares PER SYMBOL. So at least that language should be fixed to reflect the way that it is actually used.
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Can someone tell me what the 10 and 1 mean in the following MACD? I assume that the 1 is the result.
Intraday MACD Value (12,26,9,10,1)
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The 10 is the number of minutes between each value. Meaning that the equation looks at the price in 10 minute intervals in order to determine the MACD value/line.
The 1 is the number of intervals back (in this case 10 minute intervals) that the system references for the given rule. So for intraday MACD (12, 26, 9, 10, 1), it is referencing the intraday MACD value from 10 minutes ago.
In case you are wondering, Intraday MACD (12, 26, 9, 10, 0) references the current MACD value when the equation uses 10 minute intervals.
FYI, the terms "bars" and "ticks" are also used as language to refer to these interval periods. i.e. 10 minute bars 1 tick ago
Hope this helps.
-- DH
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Does anyone have a strategy that works within various rules for IRA accounts in brokerage accounts. I have a TDA account and I cannot use Short trading strategies with my IRA account. The DOW 30 allows Short Buying and this is not allowed with an IRA. Or, how do I modify the DOW 30 to only use the Long aspect of the strategy?
I am not using the Short DOW 30, but the Long still Buys Shorts....
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The Dow 30 Long and Dow 30 Short are 2 separate strategies.
Just uncheck the Short strategy on the Strategy Wizard main screen and then the Short strategy will not run.
I’ve moved away from the Short strategies and only run long now, since the Long strategies add to losers and close positions LIFO, I don’t care if the market goes down.
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Hi enlightened,
Thanks for your thoughts.
On another subject, the most positive strategy I have found uses 2-1 margin. TDA will not allow margin in an IRA either. What have you been doing on the margin side?
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I don’t have IRA accounts.
I closed my IRA accounts and paid the penalties and taxes a long time ago.
I like my 2-1 margin.
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Thanks again for your thoughts. I am really leaning towards getting out of my IRA’s also. It sure hurts give give all that $ to the idiots who just waste it...oh, well.
Thanks again.
Best regards,
Bill
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You are correct, under current rules Regular IRA’s or Regular Roth IRA’s do not permit electing a normal short strategy. However, if one is trying to hedge against a market correction or overall downturn you may still use Inverse ETF’s to accomplish that task.
These ETF’s behave similarly to stocks in that they are freely traded and close upon sale vs. at the end of day as with a mutual fund; but they are designed to react in an inverse relationship to a stock going long or to a long index.
For instance, since the DOW 30 is a long index there are numerous inverse ETF’s one may select that will go the opposite direction to the DOW 30... Examples include inverse ETF’s for the Dow (DOG), NASDAQ (PSQ), Russell 2000 (RWM) , etc. Inverse ETF’s can also magnify your exposure to the downside of you elect those that offer 2x or 3x the normal downside reach of these bearish ETF’s.
In a market that is going up, I’m not so sure these inverse ETF’s a such a good idea. It may make better sense to simply stay with the DOW 30 or other existing long strategies and buy more on the dips.
Good luck.
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I think it would be great if there is a possibility of tagging each strategy (ETF, stock, Forex, etc.) to possibly add a search function for Forex specific strategies.
I see there are a majority of stock strategies, and very few for currency market which makes searching for any strategy a bit difficult at times.
If a filter cannot be created, would it be possible to post messages in the Forex forum regarding these strategies.
I believe this function would be a benefit to stock traders as well
Thanks as always
Paul
P.S. FWIW, I’ve posted a shared Forex strategy which although goes against "The Rules" (i.e. no stop-loss, no take profit goals, no exit strategy) is still profitable. Even without completing all the strategy rules, the strategy is still making profits.
I will update and complete the strategy this week and repost. I will also create a Short Strategy for this method and possibly recommended pairs.
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THE SHORT STRATEGY I’M LOOKING TO DO THE PAIRS OF FAS/FAZ, TNA/TZA. THE FIRST ONE IS A BULL 3X AND THE PAIR IS AN INVERSE 3X. THEY ARE MIRROR IMAGE OF EACH OTHER. IF YOU PUT THEIR CHARTS SIDE BY SIDE YOU WILL SEE THAT ONE GOES UP WHILE THE OTHER GOES DOWN. WHEN THE DIRECTION CHANGES THEY WILL REVERSE. SO YOU GET OUT OF THE ONE GOING DOWN AND GET INTO THE ONE GOING UP. THEY MOVE AT THE SAME PERCENTAGE.
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That sounds cool.
I’ve been running the FAS/FAZ for months and the FAZ is way underwater. I’m not worried though because it’s just a matter of time until the FAZ makes its move when the market crashes.
Enlightened
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Sandy,
Would all four of those then be trading under one long strategy which allows them to trade in your IRA. FAS for example would be going up as the market goes up and FAZ would be going down as the market goes up. I guess I need to see exactly what FAZ and TZA are. Thanks for the input.
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That is right. As the market goes up, FAS would be going up and FAZ would be going down. I see no reason to short either of these symbols.
Hedge
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Thanks Hedge,
One last question. Would you download one of the single stock strategies such as HAL or BAC for this or use the Dow 30 long?
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I really like just trading BAC for a $10,000 or less account.
For accounts with more funds, the strategies that can be copied from newuser@cool-trade.com are optimized to trade as many stocks as you can with the funds you are planning to trade with. I think the more stocks that you can trade, the more chances you have of taking profits every day or 2 and it is those profits that can add up quickly.
Hedge
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to watch list rules. Also "Today’s Open Price". Any reason not to include those in the watch list rules?
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The watch list rules (tab2) can only use EOD indicators that get built each night.
You use the watch list rules to reduce the symbol list to under 100 symbols (that limit was set by the brokers).
Then you use intraday indicators (as you have specified) to determine when to get into and out of positions.
Hedge
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Hi,
I would like a rule variable that allows a value to be set for the RSI in the watch list module. Example, the 2 period RSI value is less than 10.
I would also like to do this with the current day value of the 2 period RSI. Example in the open new position module, open position if current day 2 period greater than (crossing above) 50. Example in the exit trade rules module, sell position if 2 period RSI during the day greater than 90.
Also I would like the ability to use the 2 period RSI in a timed price. Example in the exit rules module. At 3:58 if the 2 period RSI greater than 70, exit the position.
Thank you.
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I would think this would be very valuable, although what it should be able to do now, it seems, should provide almost the same thing.
What do you mean with "2 period" and does the "RSI ( -1 day)" mean the value of the RSI from 1 day earlier, and "RSI ( -1 day)" the value of the RSI 2 days previous?
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Above, I meant the, "RSI ( -2 day)" the value of the RSI 2 days previous?
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I agree with this request because I have used this indicator for several years to do automated trades in TradeStation.
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Would it be possible to add a Max Bid/Ask Range based on % and offer a choice of either actual price spread between bid and ask or a % spread between bid and ask. For example a $.02 spread on a $20 stock = .001%. On an $80 stock .001% spread would be $.008. This would allow a little more latitude when positioning larger dollar stocks.
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On your Open position rules (tab3) and/or your Add to position rules (tab4) you can use this rule to make sure the spread is NO MORE THAN .001%:
Current Bid Price at least -.001% above Current Ask Price
When you put the minus sign in there, you read that line as this:
Current Bid Price is no more than .001% below Current Ask Price
I know it looks complicated but after you’ve done it a few times its really quite simple. You can always post your line on the board and I and others will be happy to critique it for you.
Note that the minus sign rule only works on tabs 3, 4, & 5.
Enlightened
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I would like to see the number of viewable & loadable strategies increased from 5 long and 5 short to 10 long and 10 short. I have a certain number of default strategies I like to keep loaded and ready to use at any time and often when I want to look at a new strategy I have to overwrite one of my existing loaded strategies. I’m aware you can save a strategy but being able to load and view more than the current 5 x 2 matrix would be more convenient.
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It appears both the Advancing & Declining Preferences tables use the same Add to Current Position Rules tab. It would be useful to apply a different set of Add to Current Position Rules for both advancing and declining positions (i.e. Add to Current Position Rules Advancing and Add to Current Position Rules Declining).
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In the CoolTrade Strategy Wizard tabs 2-5 could be enhanced to make it easier to analyze strategies. I would like to sort/arrange the rules in a logical order in an easier manner so that when comparing strategies the rules are in the same order. The option to sort/arrange the rules could be done manually or according to a master sort index provided. The existing list on the left would be a logical sort index.
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When I print the strategy before I copy the strategy the order of the rules are not always the same as when I look at tabs 2-5. Why are they not the same?
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I would like to export the Strategy Statistics (Tab 7) to a csv or text file. I have tried several strategies and saving the results in a structured format would be interesting for comparison. I could add comments about the market during that period and why I chose that strategy. Also I could merge it with the exported Report during that period.
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Add the ability to name a specific symbol in the Watch List, New and Current Position, and Exit Trade Rules tabs. This will allow more precise conditions to be met for a list of symbols for entering and exiting positions. For example, execute all other open new position rules on a basket of watchlist stocks if also "SPY" is greater than 1680.
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Bump.
Would also be useful in executing opens/exits based on market indicators, like VIX or other "sector" indicators like oil prices to transporation, etc.
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I would like to be able to apply a set of Open New Position rules to all symbols in a watch list and also apply other rules to specific symbols. For example it would be useful to apply a global set of rules to a watch list of stocks A.B.C. & D that satisfy an uptrend requirement and a minimum ATR value but also apply stock specific rules such as stock A is less than 9.50 and stock B is less than 13.25.
This fine tuning of rules avoids some of the pitfalls of having positions opened and closed on stocks based on the same shotgun entry and exit rules. It’s often more profit efficient to have some stock specific entry/exit criteria within a basket of stocks. This feature would also be useful for the Add To CurrentPosition and Exit Trade Rules tabs.
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Any chance of adding intraday updates to the automated watch list in order to support breakout up or down stocks?
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These suggestions are mostly for ease of use by newer users and to improve marketing demonstrations.
1. For the times to start/stop etc., include a time zone setting so that anyone not in a daylight savings zone can set the times and not have to change them when daylight savings begins and ends.
2. Use a different splash screen in simulation mode for the wizard. Similarly, use different icons for the wizard and CTP.
3. This mirrors other similar comments - add the ability to use specific AND/OR logic on each strategy rule.
4. Document the exact logic that is taken when no rules are used for each strategy screen (no rules on the ADD TO POSITION screen for example). Since many of the supplied strategies do this, we should have the resulting default actions documented.
5. Change "RETURN" to "EXIT" and move it to the right end of the menu bar for consistency on the strategy details subwindow.
6. Provide a way to batch download or print strategies selected in the Options-Copy/Print Strategy. having to individually select and copy/print strategies makes this feature almost useless. I concur with others who would like a search capability based on keywords in the actual strategies’ rules.
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I second this request
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I second this request
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RE: 3. This mirrors other similar comments - add the ability to use specific AND/OR logic on each strategy rule.
I’ll third the request!
I would also like to add to this a NOT logic for each condition line. It would be really nice, if not purposefully imperative for each condition line to have AND/OR and AND NOT/OR NOT logic.
Since I’m a programmer a heart, this seems only logical. :)
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Me too
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For example:
- Start at 9:30 am EST with the DOW 30 50K, Stop and 5pm
- Start at 8:30 pm EST with the an individualized strategy for the Australian market. Stop at 3am EST.
- Start again at 9:30 am EST with the DOW 30 50K again and so on.
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That sounds like a good idea.
When you select a non-US market, does CT know the hours for that particular market, or must you customize the times based on the local time zone +___hrs?
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There’s an interesting feature in the Advancing Preferences and Declining Preferences tabs that allows you to use a Predefined Table to add to the intial position in fixed increments. However the table can’t be edited to allow variable increments for each additional purchase. It would be more useful to allow the user to manually edit the predefined table to user-selected values which could be different for each additional purchase.
So instead of each additional position being purchased at 0.50 increments, the 2nd position might be purchased at 0.50 below the 1st open position, the 3rd at 0.89 below the 2nd, the 4th at 0.65 below the 3rd, etc. The reason you would use variable increments for additional purchases is to allow positions to be entered at naturally occuring supply and demand price levels for a given stock rather than fixed price increments which may not align with these naturally occuring levels at all. This translates into more profit if purchase levels can be entered in a more precisely defined way. Of course this feature mostly applicable to single stock strategies at the moment. However it could also be used with a small basket of stocks (up to a certain number) being traded if the software provided a set of these tabs that could be used for each position held.
Taking this one step further, it would also be useful to set the number of shares purchased at each price level for each security to variable amounts instead of the same number of shares for each purchase. Again being able to purchase different numbers of shares at different price levels for each stock can translate into better profit performance and/or less risk.
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It would be nice if you could put in a space in subscriptions were we could follow are own News letter for the buy and sell alerts that we subscribe to so they could send the alerts to cool trade
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The tables show a delta increase between steps: each step is further from the past purchase/sale than the previous.
BUT, if a stock is falling, and is in a channel, I know that it will probably hit a pretty predictable support. (I buy on drops). Therefore I want the amounts between purchase intervals to DECREASE, NOT INCREASE, so that I can purchase more times before it hits support. I realize that each purchase will have a smaller percentage of profit, but it should still pull SOME profit.
How can I set it up to do this?
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instead of using the declining preferences, just add a rule to the Add To Position Rules to add on a fixed percent drop of the last lot opened price (instead of basing it on first lot opened price). Since the price will be lower, the same percent drop will result in smaller and smaller numbers.
Example: If I add on 10% drops based on my last lot opened.
Buy a $10 stock
After it drops 10.00 * 10% = $1 to $9.00: add to position
After it drops 9.00 * 10% = $.90 to $8.10: add to position
After it drops 8.10 * 10% = $.81 to $7.29: add to position
etc.
Enlightened
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This rule doesn’t work: Yesterdays close price is less than 40 dollars.
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Yes it does.
I only trade dow stocks under 50 and I use that rule and it only gives me the dow stocks under 50.
Hedge
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The intraday MACD and Intraday Parabolic SAR do not seem to work as it should. Note the following instant data from rules in Cooltrade. Note that this is purely a value test and not a strategy.
OPEN POSITION RULES- Test of various values – printout from Rules
Intraday MACD Histogram ( 12,26,9,15,0 ) is at least 0.01 Dollars Greater Than Intraday MACD Histogram ( 12,26,9,15,1 )
MinuteMacdHistogram (12 , 26 , 9 , 15 , 0) : -0.0340
MinuteMacdHistogram (12 , 26 , 9 , 15 , 1) : -0.0459
NOTE THIS WORKS AT 15 MINUTES
____________________________________________________________________________
Intraday MACD Histogram ( 12,26,9,30,0 ) is at least 0.01 Dollars Greater Than Intraday MACD Histogram ( 12,26,9,30,1 )
MinuteMacdHistogram (12 , 26 , 9 , 30 , 0) : 0.0000
MinuteMacdHistogram (12 , 26 , 9 , 30 , 1) : 0.0000
Intraday MACD Histogram ( 12,26,9,60,0 ) is at least 0.01 Dollars Greater Than Intraday MACD Histogram ( 12,26,9,60,1 )
MinuteMacdHistogram (12 , 26 , 9 , 60 , 0) : 0.0000
MinuteMacdHistogram (12 , 26 , 9 , 60 , 1) : 0.0000
NOTE THAT 30 MINUTES AND 60 MINUTES DO NOT RETURN A VALUE
___________________________________________________________________________
Intraday Parabolic SAR ( 1,60,1 ) > Intraday Parabolic SAR ( 1,15,1 )
MinuteSAR (1 , 60 , 1) : 19.8908
MinuteSAR (1 , 15 , 1) : 19.8908
Intraday Parabolic SAR ( 1,1,1 ) > Intraday Parabolic SAR ( 1,5,1 )
MinuteSAR (1 , 1 , 1) : 19.8908
MinuteSAR (1 , 5 , 1) : 19.8908
NOTE THAT REGARDLESS OF THE MINUTE/BAR VALUE THE SAME # IS RETURNED – Not possible
What’s up with this??
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I think the 15 minute bars worked because there were enough historical data available to make the calculations. The 30 and 60 minute bars X the number of numbers requires too much data to make the calculation so the result is coming back as zero.
You just need to add a rule for each of the indicators used:
THE INDICATOR NAME > 0
Hedge
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I was hoping to use an hourly calc as the hourly chart values are a bit less sensitive to smaller trading ranges. But I’ll give it a try. Thanks
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I would like to see CoolTrade develop a web site where CoolTrade Customers could go to back-test their CoolTrade Strategies.
In the mean time here’s a website where you can back test your strategies:
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Why does cooltrade send a buy to open a new position to the broker when the account already has a short position? It is supposed to close the open short position with a buy to cover (close) order.
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I believe each broker has different API software and some take a BUY to close a SHORT position. That would be my guess. Probably only the developer can tell you specifically what each broker requires.
Enlightened
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ThinkorSwim is the broker and I have spoken with technical support and I was told that they allow both a short and a long position on the same asset. How can I be sure that the ’Buy’ is used to close the short position instead opening a new long position?
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Thinkorswim is not the broker, td ameritrade is. why don’t you open a short and then close it and see what happens? I’ve been shorting for years with cooltrade and my short positions close so apparently they know how to close a short position.
Enlightened
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I put this in the Autotrader Reques section, but maybe it’s more appropriate here:
Why limit the autotrader to 10 open positions per symbol?
I should be able to ride a stock at every .25 cents or .20 cents until it reaches 0, and I can’t because my trader stops buying at 10 open positions. I wish I’d known this before I created my strategy.
Technical support just confirmed that the trader won’t trade any stock with more than 10 open positions.
It seems to me I should be able to open as many positions as I want within the confines of my strategy. At least a hundred.
Please make the number of available open positions unlimited.
I hope this is an easy request. You see I’ve figured out that I make money by following the stock wherever it goes. So, if my stock drops more than 10 positions within my strategy, well, I can’t make any money outside of those 10 positions until the stock bounces back. I can purchase at the broker, but that’s a mess. I’d much rather trust my autotrader to trade for me.
Thank you! I love this program, and Ed, you’re a genius.
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Yes!! For me also. I love the program and it is doing very very well for me, but the 10 open positions is a severe limitation. I add to declining positions on 5% drops, and thus need at least 20 open positions, for now, But as my account grows I would also like to be able to add on smaller drops. What this does is decrease the wasteland in-between positions where a stock may move sideways, and thus it results in lost opportunities if it is bouncing around inside a wide band. If one has the capital to justify smaller drops, it is most lucrative to be able to do so..
Please please make the number of open positions customizable.
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yes please Ed, this feature could dramatically increase profitability. The autotrader currently allows for 100 positions in total, but maximum 10 positions per symbol. If we could use these same 100 positions in total, but had the flexibility of adding more positions than 10 per symbol, e.g. could use say all the 100 positions on just 1 symbol. Many thanks
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Please write a new option, such as how "Control-f" works on PC’s, so that we can search for string values in tabs 2-5 in the indicator tables. This would have to work for both the left table and the right table. For example: What if I wanted to find the string value, "DATA", it is currently impossible to find this without scanning the entire list only to find "FUNDAMENTAL DATA".
Bruce Speidel
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It would be convenient to have a text box above the multi-select box that can filter the multi-select box based on input. So, in the OP example, they can type in "data" and the list would show any indicators with "data" (*data*)
Thanks!
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I would like someone to help me program the strategies. I will pay for the help. Call me at 360-305-7084.
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I want to set a rule to only buy when the ADX is greater than 20 . How do I do that ?
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Hello
Today’s current ask price is at least -0.1 percent less than yesterday’s close
Today’s open price is at least -3.0 percent greater than yesterdays close price
These are my two rules to capture stocks that open greater than yesterday’s close but not more that 3% above yesterday’s close
Can you help
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Hi Does anyone know how to fix the problem of the Trader shutting down by itself ? Thanks Vic Cacio
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Does anyone know how to set rules in cool trade to have it find the top % gaining stocks for the current day and buy them? The rules currently prevent you from using the watchlist to include current day stocks (it only looks at past data)
If this feature doesn’t exist could support look at adding the ability to trade on current market data, would be very useful (especially with autotraders/daytraders such as myself)
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Would like to see this changed to percentage, so it will provide better protection on stocks over $20 in price. I’ve heard this was on the to do list. I am trying to elevate it on the list.
I am running a simulation which this change would be critical to reduce risk. It is too early to say for sure how good it will be, but so far it is beating the socks off the Top Long 100K strategy.
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Yes, I would like to see the declining purchase changed to %. This will definitely help handle the different priced stocks.
Thanks
Owen
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SubSector/Industry selection"
Enhancement request
Implement the the ability to select or deselect specific sub-sectors.
Description:
Currently there is no ability to select or deselect that a specific sub-sector be included or excluded from in the results returned by the filtering mechanism, which is not granular enough. For example, if the Basic Materials were allowed then the search results would include Oil companies. There is no way to exclude oil companies while still getting other industries’ stock.
Under the current mechanism if the user did not want to oil company stocks included in any of the list they would need to be manually excluded.
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Would like to have the ability to go to more than 10 one hundred share lots per stock. Max shares traded 2000 shares or let us pick why the limit? Thanks Bruce C
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I need a little help with the proper syntax for a rule that limits the entry into a trade as follows:
Only enter the Long position if:
The Current Price is less than $.20 greater than Yesterdays High Price
Yesterdays High Price was $5.00
Enter at a Price lower than $5.00 + $0.20; or enter at less than $5.20
I tried the following four Rules and none work.
Long
Todays Current Price is at least -0.20 Dollars Greater Than Yesterdays High Price
Todays Highest Price is at least -0.20 Dollars Greater Than Yesterdays High Price
Short
Todays Current Price is at least -0.20 Dollars Less Than Yesterdays Low Price
Todays Lowest Price is at least -0.20 Dollars Less Than Yesterdays Low Price
Would you please provide me with the proper syntax?
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Would like to see the option to set up the table with a percentage like is done in declining preferences. This would allow for better trading of a larger range of stock prices.
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