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Version 5.3 User`s Manual - Berkeley (Bahamas) Limited

1. LDD 7 4 Depots LiveTables Scripts Manual Sentimentors J Simulation e eS Fides H 4 My Futures I ignal am eile q 4 oe fe DBX wv tt oJ Fal ER ly 1 Minute loads 2 days 60 Minutes loads 1386 days 1 Minute loads 3 days 60 Minutes loads 1386 days 60 Minutes loads 1386 days gt gt RT Chart gt d d Bollinger _Bands Bressert_in_Japan t Open Symbol Details i Template Studies gt rt_standard Time and Sales standard l Level 2 TradeGuard N Details Trend Ir Ir Find Warrants TripleHit D Find Eurex Options EoD Chart H z Li 2 Delete px q Refresh WorkspaceBar F5 RT Futures System HA Brasil RT Stocks System B 43 USA 4 America Stock Exchange NASDAQ NASDAQ Small Cap 4 New York Stock Exchange 3 USA Futures H Asia H 4 Europe 4 Forex H 4 Indices y xx 4 Me Quote Files taStock 14 6 17 6 Emailing a Study Channel_Breakout Classic_Trend_Follower Indi_Mix Kaufmann s_4MA_Chart MACD Momentum _Indicators One_Moving_Average RSI Scratch Stochastics 1 Support_Resistance Candles_ Renko__Point_and_Figure 1 Minute loads 5 days Crossing_Moving_Averages 1 Minute loads 5 days Fibonacci_Moving_Averages 1
2. E g to optimize a study for a one year period it usually suffices to load a prefix of another year for calculating a 200 day Moving Average the data of the 200 days preceding the evaluation period is required By clicking on the __ Get System Defaut button the date specified in the systemwide Options dialog can be used When working on a realtime security Q Trader automatically changes to this following variant of the dialog Start of Price Data x Load Frice Data for today and the preceeding a z E Days Aggregation requested fram Server Lancel B Minutes p 1 Minute 5 Minutes 10 Minutes 15 Minutes BO Minutes Zl For realtime securities Q Trader loads the data from now and the specified number of preceding days The number of available days depends on your data provider IQ Trader loads the data from the data providers server in the specified aggregation When using realtime securities make sure to use an appropriate aggregation otherwise you may end up with megabytes of data to be downloaded e g if you work with an hourly chart there is no need to load tick data IQ Trader applies a second aggregation on the loaded data The resulting price data series is used for charting and computation of the signals Hence if you plan to work with a 3 minute chart make sure to request a 1 minute server aggregation or ticks 2 7 5 7 Adding Sentimentors To add a sentimentor to
3. m Parameter actual mir max Reset consan Evaluation Time Range from OME 7 00 to 10 21 11 32 z H AH kAd AH Tail Freeze Chart The study may be optimized and the Evaluation Time Range may be varied as needed After entering the correct password and clicking Go the study will be encrypted top 14 8 17 8 Selecting the Trading Approach and the Evaluator IQ Trader supports a number of trading approaches Generally Q Trader distinguishes between Trendsignals and Trading Strategies Each Trendsignal is evaluated independently of all other signals whereas a trading strategy consists of a number complete trades The approach to be applied in the current study is selected in the Approach combobox Adobe Systems uS ADBE 1D Tren x Fie Sentimentors Optimization Window CB ale e ET G Aggregation Approach Day s Performance Trad Ferormance Trading P E Future Tradinlye A Put Call Trading 16 171 Lrendsignals Filter CCI 14 9 17 9 Specifying the Aggregation IQ Trader allows the aggregation of price data to periods in a completely free manner days weeks months minutes ticks min volume min trading range and Renko Adobe Systems ust AD Fie Sentinentors Optimizatior m Bh Aggregators Stop Trailing stop Protit_T afemp stop Parabolis pan abs Stop BreakE vinan z The aggregation mode
4. The list below the input field displays the most recently used symbols The Enter Symbol dialog allows three different ways to interpret the entered symbol By clicking on the Search button the Symbol Search dialog might be used to find the symbol to be displayed 12 15 Symbol Search Dialog DySen FIDES Trader Extension The Symbol Search dialog provides a high performance functionality to search among the thousands of symbols provided by FIDES To open the Symbol Search dialog rightclick on the FIDES entry in the WorkspaceBar or press the Search button from the Enter Symbol dialog M Dynamite Sentimentor File Portal wiew Tools Scripts Extras Help emea IIGSBRSeHEaR WorkspaceBar FW Accounts Eee Live Tables H E Scripts H E Manual Sentimentors Enter Symbol l X 5 FIDES Ticker M Symbol Search k Hews Cancel Delete From List Reload Price Data Refresh WorkspaceBar F5 H E Quote Files The Symbol Search dialog look like this Fr Symbol Search E xj Search For in Field and in Field and in Field FIDES Ticker Instrument Search Futures Restrict result to licensed symbols Reset Fields FIDES Ticker ISIN ISIN tr CUSIP DK Cancel o You might add up to four search criteria plus the instrument type to be searched for In case the search should be limited to the symbols that are covered by your license checkmark the bo
5. Find Eurex Options Find Warrants Template Studies Studies of this Security Hide Display Charts Designer Dialog Evaluator Mptiniize sr Configure Columns Select Font Delete Entry LiveTable Save Live Table Save s Play Play Play Play Play Play elele lela le The acoustic signals for the given events can be activated by checking the corresponding check boxes In case the an event like profit target reached occurs the LiveTable is brought into the foreground the study that created the event is highlighted and the selected sound is played 18 8 21 8 Changing the Ordering of the Columns The columns of a LiveTable can be reordered by drag amp drop Live Table E Ioj x Mame Symbol Study MetdSer Quote MetaSenti Position Ratng Last Sigr E coms Trend 5 45 23 33 Short Stop 5 72 FernodsHighLow Sto 230 264 26r2 0271470 COMS TripleHit 5 45 42 00 short Frofit T arget 5 30 Stop 5 58 Fis ef 00 29 3 0271370 top 18 9 21 9 Saving a LiveTable When closing a Live Table you are automatically asked whether you like to save the Live Table settings To save a Live Table with a new name choose LiveTable Save As from the LiveTables context menu top 18 10 21 10 Displaying the Charts of a LiveTable study In case a study was dropped into the LiveTable doubleclicking its row in the LiveTable will open the associated charts T
6. none none none Field Separator Abbrechen libernetmen Make the following entries corresponding to your infrastructure Data Sources Quote Files Market Maker wiSo TeleBirse Tai Pan MetaStock TaiPan RT RealTick DDE WinBis Simulation M Activate Reallick RealTick installation directory Browse 2 Je Programme E nery A Add SLF File SLF Dateien mK LIVECHART Server SQUOTES 2 E ProgrammeENEX PARM sal Nasdag Indices Nasdag100 siF z LIVEQUOTE Server OUOTES E Programme EMES PARM Deutschland DAsa0 Setra siF E Frogramme ENEs PARM Deutschland Nemax50 slf Switch from tick data to daily data when E Programme EMEX PARMI Usa5 amp F 100 slf analyzing more than E ProgrammnehENE ss PARMI virt x virt x Greece SLF 5 E Programme ENE ss PARM Forex Forex Euro slf x Ea E ProgramnmetENEss PARM MemasiMemas IT Services Index slF E Progranme ENEss PARMI test siF E ProgrammelENEXs PARMiUsalDow Jones Indices Dow Jones Ind Abbrechen liberetmen 1 Activate the DySen access to RealTick 2 Enter the installation directory of RealTick on your local machine 3 Enter the servers to be accessed For details see your RealTick documentation 4 Select the SLF files to be displayed in the WorkspaceBar of IQ Trader 5 DySen can load and analyze both end of day data and tick data When requesting more than the given number of days for a study DySen wil
7. Banne their respective subdirectories E MetaStock DatatSample are added to the WforkspaceB ar C Programme Fipertec Dynamite Sentimentor MetastockData fou may also specify a non MetaStock data directory that contains MetaStock data in its subdirectories Abbrechen libernetmen ef Dynamite Sentimentor DAX x 18464 File Portal View Window Tools Scripts Ex e Rien HEGERE WorkspaceBar al H Scripts o 4S Manual Sentimentors H E MetaStock a MetastockData m 040 DEUTSCHLAND DAN 0 ABER RESOURCES STK F 0 ABERCROM FITCH 0 ABGENIY 0 ABIGAIL ADAMS 0 ABINGTON BANC bow 0 ABIOMED E Daily Data Eien Hal 28 3 31 3 Accessing Quote Files The subsequent sections explain how to access price data from structured text files so called quote files that can be created with popular chart software 28 3 1 31 3 1 Filename of a Quote File IQ Trader makes no special assumptions with respect to the filename of a quote file However usually you will choose the name of the underlying or the symbol e g DaimlerChrysler DCX txt lf the security contains the character then the part preceding the will be interpreted as the name and the trailing part as the symbol The Designer dialog will display this appropriately Example DaimlerChrysler DCX txt 28 3 2 31 3 2 Renaming Quote Files In case your charting software does not create nice filenames for quote files you can rename t
8. H A COMMERZBANK AG O a S H I DAIMLERCHRYSLER A0 Find Warrants DAS PERFORMANCE Find Eurex Gptions DEUTSCHE BANK AG N DEUTSCHE BOERSE NS X Delete t DEUTSCHE POST AG M 1 OT TELEKOM AG NA Refresh WorkspaceBar F5 EEE Sl ed Ex od Es Eo C hl ae 7 eo Al The DetailsBar shows a predefined set of fundamental and live data DetailsBar ADIDAS SALOMON AG O N x ADS ETR Name Isin Last Last Time Last Date Last Vol Yesterday Close Yesterday Close Yesterday Change Yesterday Chan Yesterday Settle Yesterday Settle Instrument Bid Bid vol Bid Time Bid Date sk Ask vol Ask Time sk Date Open High Lowy Total wol Year High Year Low HighS2 HighS2Date LowSs2 LowS2Date Commodity Mame Cusip Currency Strike Expiration Put Call QpentInterest Maturity Coupon Warrants Conv Warrants Conv2 ADIDAS SALOMON AG DE0005003404 50 000 19 35 05 10 21 03 25 79 900 10 20 03 0 100 0 13 1 80 090 500 19 52 02 10 21 03 80 490 100 19 37 45 10 21 03 80 300 80 640 79 850 188031 66 900 68 800 81 240 08 07 03 69 800 AETRA Stocks EUR To change the monitored security drag and drop another security onto a DetailsBar or type in the symbol directly into the text field at the top of the DetailsBar By dragging the list of the DetailsBar the current symbol is taken and can be dropped onto a drop source e g a SpeedTraderBar a chart a
9. SAP LGSZ OPT 04 699160 E DE0006991607 DE0007 EUR Ewx Warrant C SAP SiStu 2004 12 17 50 SAP DZB OPT 04 756669 E DE0007586695 DE0007 EUR Ewx Warrant C SAP SiStu 2004 09 22 55 SAP SOPP OPT 05 736783 E DE0007367831 DEOOO EUR Ewx Warrant C SAP SiStu 2005 12 09 60 SAP SOPP P OPT 04 771894 E DEOOO 718942 DEOOO EUR Ewx Warrant P SAP SiStu 2004 12 10 60 SAP SOPP P OPT 05 771895 E DEOOO 718959 DEOOO EUR Ewx Warrant P SAP SiStu 2005 12 09 60 SAP TUBD OPT 05 682851 E DEOO06828617 DEOOO EUR Ewx Warrant C SAP SiStu 2005 12 09 65 SAP TUBD OPT 04 652880 E DEOO06828809 DE0007 EUR Ewx Warrant C SAP SiStu 2004 12 10 70 SAP UBS OPT 05 736082 E DE0007360828 DEOOO EUR Ewx Warrant C SAP SiStu 2005 12 09 70 SAP TUBD OPT 06 682882 E DEOO068286825 DEOOO EUR Ewx Warrant C SAP SiStu 2006 12 08 75 SAP CITI OPT 05 740122 E DEOOO 401226 DEOOO EUR Ewx Warrant C SAP SiStu 2005 06 21 75 SAP RCENB P OPT 04 1622866 ATO000638911 DEOOO EUR OTB Warrant P SAP SiSwx 2004 09 13 380 SAP UBSL WT 05 163540 E CHO015700266 DEOOO EUR Ewx Warrant C SAP SiStu 2005 12 09 80 SAP VRCENB F p OPT 05 1670514 ats AT0000636329 DEOOO EUR OTB Warrant P SAP SiSWx 2005 03 14 80 ha OK Cancel Showing 250 out of 1936 symbols matching the query 13 16 Trading Approaches A trading approach defines how to convert a given sentiment series into signals Q Trader distinguishes between trendsignals
10. The current settings of the SystemTester including the study database can be saved The SystemTest files are automatically displayed in the WorkspaceBar below their corresponding securities If a SystemTest is stored for the first time the WorkspaceBar has to be refreshed F5 to show the new entry Save Save amp Close Close 31 9 34 9 Some Hints for Using the SystemTester The creation of mechanical trading systems is a very time consuming process and requires that the trader is fully clear concerning the chosen settings and their consequences e g besides the selection of the sentimentors and the restriction of their parameters the signal execution policy as specified in the Evaluator has an enormous influence of the trading result Likewise the way the optimization period is moved over the time scale is of great importance Future releases of Q Trader will add more functionality for creating mechanical trading systems filter diverse stop policies possibility for pyramiding etc The majority of traders do not use mechanical trading systems but follows the discretionary approach where an analysis and the resulting trades are situational For these traders Q Trader plays the role of an decision support system providing ideas and proposals for trades Even for this kind of usage the SystemTester is of great advantage because the trade proposals resulting from a given study and trading approach can be simulated over a l
11. To delete a study from a LiveTable the corresponding line has to be selected by clicking on the Name cell Then the study can be deleted by pressing the Del key or by selecting Delete Entry from the context menu 18 7 21 7 Specifying Notifications By selecting Notifications from the Live Tables context menu the dialog for specifying notifications for certain events can be opened Pa Dynamite Sentimentor File Portal View Tools Scripts Extras Help eOe a GBR sS Aam TABI LiveTable Depots a Bid Ask Last Time H E Live Tables re Terre pe Te J ay Scripts Een Manual Sentimentors Time erd Seles H Simulation ioe ma Fides Details H My Futures Sy NASDAQ 100 O B Index DAX 30 Xetra fy Index DAs Futures Sy DJ Stoxx 50 Futures Ey Hang Seng China Enterprises Ir H E Licensed Symbols i ga MetaStock Bey Quote Files Ee Intraday Sy Tutorial Crude Ojl Future DAs Future Dow Jones Industrial Euro STs 50 Future Gold Future 10002 TecD ay PI FST Sf ET p p p p E e a m m e l a l l Notifications Sound file no specification Bing CAWINNT Mediatchimeswav Select CAWINNT Mediatchordwav Select CAWINNT Mediatdingwav Select CAWINNT Mediatringinway Select CAWINNT Media tadawav Select CAWINNT Mediatringoutwav Select Cancel jw enter setup IW enter M exit next period W exit Iv profit target changed
12. small solid green triangle long signal to be executed in the next period This signal type is displayed only if the signal Execution for Sentiment Enter signals is set to Confirmation price next bar Limit price next bar or Open next bar in the Evaluator Moreover the field draw setup signals of the Options dialog must be activated solid green triangle with bar close long triggered by a sentiment signal In case the triangle is filled with gray the signal was generated by a Stop If it is filled with yellow the profit target has been reached solid red triangle short sell short ouy puts sell contracts small solid red triangle short signal to be executed in the next period This signal type is displayed only if the signal Execution for Sentiment Enter signals is set to Confirmation price next bar Limit price next bar or Open next bar in the Evaluator Moreover the field draw setup signals of the Options dialog must be activated solid red triangle with bar close short triggered by a sentiment signal In case the triangle is filled with gray the signal was generated by a Stop If it is filled with yellow the profit target has been reached Depending on the chosen Signal Execution policies a bar may create several signals If the mouse points to a bar all signals generated within this bar are explained in a popup window 277 5 259 tee iat pid 242 Tha
13. 226 Calculate Abbrechen The page of the Trendsignals evaluator is structured in four parts Definition of the unit for profits and losses For specifying the unit of profits and losses Q Trader allows to choose between percentages multiples of the Average True Range ATR and absolute prices When choosing ATR the specified number of periods is used for calculating the respective ATR per bar In this case the investment goals are automatically adapted to the volatility of the defined time range The Average True Range is a moving average on the True Range which is defined as the largest difference of e today s high minus today s low e today s high minus yesterdays close e yesterdays close minus toady s low Definition of the Investment Goal The groupboxes Long Signals and Short Signals are used to define investment goals for long and short positions in the underlying Short Signals Evaluate Short Signals Maxinial Duration i Minimal Profit 10 ma Z Long Signals Evaluate Long Signals J Maximal Duration fo Minimal Profit E H Maximum Loss 2 A Masimun Loss p 4 5 Corect Signals hez Corect Signals mo Long and short signals can be generated independently of each other By activating or deactivating the Evaluate Long Signals and Evaluate Short Signals checkboxes you define the types of signals to be generated The best results are achieved if just one type o
14. A study can embed other studies based on the same symbol but applying a different time frame This Multiple Time Frame analysis allows to trade if there is the same signal in say the daily based study the hourly based study and the 1 minute study Compute your own external sentiments and embed them into a DySen study using DDE Embed a number of studies for shares for trading a corresponding index future The following screenshot shows an example where the outcome of a FDAX study is used for trading the FESX Pg crynamite Sentinentbor FESX MARDE FESX MAROG XEures 5 Min f Container Future Trading Ble Portal Wiew Window Tools Soipts Extras GreawingTools Help SIRES BS ee 6 falcel ee e biel ees Lt BS I A GL Egres Maroc FESX MAROG XEurex Container Masberchant Ided Maste 210 x L 5 Mint FESX MARDA FESX MAROS XEurex Container ese 3 5 Mie sr p i D E S760 i i 7 E E 5 Cm Th i S740 5 gt 5720 T a mi S70 4 r 10 02 13 02 14 02 1200 a gt J B Mine Meta Sentimenter 4 1 FDAX MAROS Embedded 4 oF l 400 0 x 7e 5 00 i 3 40 0 A 740 2 T2150 Tasan 202 13 02 02 7200 fF ur Fie Sertimentors Optimization Window File Ena Optivizetion Window ya Sle Aix B om eiva mmx amp BE TET raz 5 Container fe dt 1 2b 40 g e E el ee Pea Bean Constar Evalu
15. An encrypted study is shows the following characteristics e only the MasterChart the MetaSentimentor and the Equity are displayed e the MasterChart displays the signals as usual e Inthe Designer dialog the applied sentimentors are hidden e encrypted studies can be optimized e asystemTest can be applied e encrypted studies may be used in scripts and LiveTables 14 7 1 17 7 1 Encrypting a Study To encrypt a study right click on it in the WorkspaceBar and choose Crypt from the menu Ba Dynamite Sentimentor Adobe Systems US ADBE 1 File Portal View Window Tools Scripts Extras Drawing ere aek EEE H H Depots i i _ Adobe Systems H E LiveTables Aa us ae Scripts O10S00 08 25 00 H 9 Manual Sentimentors El 4 Simulation g ra Fides El a ius Futures o ie bIz23 5 T a Meta Sentimentor Cf 1 Qpen 1 Minute loads 7 days H DAX DCOS send a friend lH Euro STORE 5 G Crypt h Pod be Af Euro BUND C i a NASDAG 100 Delete Sy Index DAX 30 MS Index DAX Future The following dialog will pop up x C Programme Fipertec Dynamite Sentimento Dys 3h USSEMMMET rend dys Password Password ventication File expires W never 05 07 2003 T i limited to DyS Cancel The Crypt File dialog is used to define the password for decrypting the study Moreover Q Trader allows to specify an expiration date of an encrypted Study i e Q Trader refuses to
16. Berkeley Futures Limited Jackson House 18 Savile Row London W1S 3PW 44 0 20 7758 4777 www bfl co uk Version 5 3 User s Manual Document Version 5 3 3 Contents 1 ntroduction ici esiwnripeamensminnmuaesionsanmencinansanmicuatiaesioun nanmuunneanabnatiansikasmuaseeaneansienntens 12 o E E 12 3 A Brief Overview of IQ Trader ccccccccccccccccccecccecsceeseeeeeueeeeeeeeeuseueeuneeueaeens 13 S a e E EE E E E EE E EEE 14 4 1 vokera pa aa MOBA iierriin eire n E E E oer 14 4 2 Folding and Enfolding Bas ccccccceccseccsseceeeceeeceeeeeeeeueseeseeeseeeees 15 4 3 Repositioning a Bat wciectesiacecisewsccuanseencmanewanceanovsecodactdenenesveuseseneseestucteecedt 16 da 09 EA ee EEE AES 17 4 5 Undocking a Bar from the Main WiIndoW cccccccsececeeeseeeeeeeeeeees 18 AE eA E aa E 19 4 7 Configuration of Menus and TOolbalr S cc cccccccceecceeeeseeeseeeeeeeenaees 20 Naas pated sumer canteen E EE A E AEE RREA 21 Si A SI enee EAEN EEATT EEEE 21 5 2 Loading a MasterChallt cccccccecccsccceeeceeeeseeeseeeseeeeseeseeesseeeseeesaes 21 5 3 Some Charting Functionality at a Glance cee ceeceeeeceeeeeeeeeaees 23 5 4 Line Chart Candle Sticks Bar Chart 20 0 0 eccccceccceeseeseeeeeeeeeeenes 24 RS ge 451910055 ee A E 24 ee Nt tee Dara sissisodan e E 26 Pe E E E E E 28 5 8 Displaying a SOMNMGMOL oo vicciccaiseesevancscaspavianavasiavnaxavatsaanaxeinnienatennnns 30 5 9 Auto La
17. CCl 90 and CrossingM4 100 or ASI 100 100 100 100 CCI 0 or CrossingMA 0 0 Delete Text Template Select Remove Save Cancel Format of a Condition A condition also called a logical expression has the following general format lt condition gt sentiment To state a condition the following elements can be used e The name of a Sentimentor used in the study Such a name represents the sentiment value of the respective sentimentor at the currently processed bar some names of Sentimentors contain spaces of special characters for referring such a Sentimentor these characters have to be omitted e g Crossing MA is referenced by CrossingMA and Directional Ind DI by DirectionalIndDi The names are not case sensitive i e you may use capital or lower characters at your wish e The relational operators gt greater than lt less than gt greater than or equal lt less than or equal e The logical operators AND and OR e The numbers 0 100 as the sentiment values e Parenthesis to group expressions Here is an example for a complete condition CCI gt 70 and CrossingMA 100 100 The condition CCI gt 70 and CrossingMA 100 refers the sentiments of the CCI Sentimentor and Crossing MA Sentimentor The resulting Meta Sentiment in case the condition is met is defined as 100 This sentiment value is separated from
18. The Tries field specifies the optimization effort in terms of tries for each iteration Clicking the _freate button starts the creation of the studies Depending on the settings this process may take quite a while top 31 4 34 4 Visualization within the Study Creation Process The creation of the studies can be examined in the SystemTest Monitor The process can also be aborted by clicking the Stop button System Test E a x Improves 3 lastlmprowe 25 020900 curenti pending enter long quote 43 30 account 6 Computing from 12 08 98 until 02 09 00 improves 1 lastlmprowe 16 02 09 00 currently flat quote 45 80 account 12 00 Computing from 12 09 98 until 02710700 Improves 0 lasthmprove 0 O21 0 00 currently flat quote 44 50 account 12 00 Computing from 12 10 98 until 02 11 00 In case the optimization is performed at the end of each period New optimization every 1 period s the actual optimization period the current position and the equity at the end of the period are monitored The X Ray is used to show the current end of the optimization period in the charts The MetaSentimentor the Signals and the charts are drawn with respect to the best found setting for the underlying study In contrast the Equity window displays the equity that results from the trades simulated by the SystemTester In case the New optimization is not performed at the end of each period the System Tester
19. loads 5 days H E xx Momentum_Indicators 1 Minute loads 5 days a MetaStock Next_Generation_Trend_Follower 1 Minute loads 5 days 14a Quote Files One_Moving_Average 1 Minute loads 5 days Pivot Points X 1 Minute loads 5 days RSI 1 Minute loads 5 days Scratch 1 Minute loads 5 days Stochastics 1 Minute loads 5 days LDD Support_Resistance 1 Minute loads 5 days ied You may create as many template studies as you like There are two prominent template studies that are named standard and rt standard In case you doubleclick a security that has not yet any associated studies Q Trader automatically loads the template study standard orrt standard the first one is taken for end of day securities the second one for realtime securities You may change these template studies at your wish 2 3 5 3 Some Charting Functionality at a Glance The following screenshot visualizes some of the most important charting functionality Details are explained in the following sections Dynamite Sentin TradeGuard Future Trading N Oj x Fie Portal iew Window Tools Scripts Extras DrawingTools Help WEIR R NERES Si E e e ae Sido M FDAXMROS EUX TradeGuard_ MasterChart aloj x l aera EEE aD Time amp Sales 7031 of a MarketProfile 7020 Start Recording fi a g Convert Zoom to Playback i Save Study Save Study as Save as Template Study Remove all drawing tools Copy window ko Cl
20. values are so wide which effectively deactivates them that the vertical span to be displayed becomes very large and hence the chart mutates into a horizontal line To avoid this select the accepted parameter ranges for the stops sufficiently tight or deactivate the display of the stops by pressing the _button from the toolbar 2 21 5 21 Copying a Chart as a Bitmap to the Clipboard With ExtraslCopy active Window to Clipboard the current active chart can be copied as a bitmap into the clipboard From there the bitmap can be inserted and processed by a variety of programs such as Word Excel Outlook etc 3 6 Drawing Into a Chart 3 1 6 1 General Notes To start drawing into a chart click on one of the drawing tool buttons to activate the drawing mode Moreover make sure the logarithmic scaling is disabled otherwise the drawing is disabled The drawing can now be attached to a MasterChart or to the chart of a sentimentor 3606 p 35995 ii 3590 3580 3570 ry wht 3 3560 it 3 3550 3 3540 3530 3520 Aan 3507 TOA 10 20 12 40 16 20 21 17 05 El E E In case a line is drawn into the MasterChart you may press the Shift key while drawing to let Q Trader snap the trendline to the nearest high or low To cancel the drawing mode before drawing has begun click again on the drawing tool button or right click into a chart When clicking on a drawing tool the tool is activated and will display resize co
21. 1s 10m or choose your own specification When the complete recording has been played the panel allows you to play it again by hitting the Reload button FDAXSPO T EUX 25 06 07 11h15 2ihao Reload 1im 5m 410m 60m Acceleration 3500 1 1 ts sm is 30m Apply is 1mi 1s 10m 1s 60m 25 06 07 Mon 20 34 Finished The PlayBack panel only vanishes if all connected receivers of its data i e studies SoeedTrader LiveTables and also Accounts have been disconnected 20 5 23 5 A Note on PaperTrading with PlayBacks PlayBacks can be used in PaperTrading just as any other security However due to the nature of a PlayBack the time within the playback is different from the papertrade matching engine Therefore the timestamps assigned to fills will show the current time not the playback time As a result the visualization of fills in the chart is restricted i e it cannot be reconstructed from the saved fill data However as long as the aggregation of the MasterChart is not changed fills will be displayed correctly Note that this affects the visualization only the computation for studies and stops is not restricted in any way 21 24 Scripts for Automated Study Generation Scripts enable the automatic optimization of studies for a number of securities A typical application of scripts is to let Q Trader work on the studies in the night The most promising securities are presented in the morning and
22. 44 0 20 7758 4777 2 Installation IQ Trader can be installed from the following FTP site http download bfl co uk iqtrader To download the platform click on the link Download IQ Trader and follow the onscreen instructions 3 A Brief Overview of IQ Trader IQ Trader consists of a large number of individual modules ranging from pure charting and financial information tools to trading system generation and optimization to visual and fully automated trading This modularization allows the user to expand its usage of the modules as his needs grow The full power of Q Trader will enfold as soon as the user delegates specific tasks that can be automated to Q Trader e g e real time data screening e automatic position exiting through TradeGuards e full fledged trading systems with automatic order execution All this functionality is provided in a way that does not require any programming knowledge by the user What is a Sentimentor IQ Trader provides a general and open framework for deploying the most varied technical analysis procedures in conjunction with each other i e indicators formation analyses cyclic techniques Fibonacci retracements candlestick formations etc In addition fuzzy information and intuitions can also be combined and analyzed in a standardized form This creates the basis for enabling the user to express explore and enhance his trading ideas The basis for IQ Trader is the examination of so c
23. Approach 60 Minutes fix Future Trading min max Reset f fj 25 Constant Evaluation Time Range F 20 2 10 00 to 23 2 9 45 x h Parameter Smoothness S pan i AH hal ak F Tal Freeze Chart m 5889 0 L 5673 0 21092 Span 0 27 Senti 50 00 The visual indication from the 60 minute study might assist when trading manually or it filters signals when enhancing the 1 minute study with further sentimentors for automatic trading 26 7 29 7 Parameter Optimize Embedded Study lf this parameter is set to 1 then the embedded study is also optimized whenever the container study is optimized 26 8 29 8 Some Technical Details 26 9 29 9 Timescale Matching As the timescales of the container study and embedded study will in general not be equal due to different aggregations it is important to understand how the periods of an embedded study are mapped onto the container study s time scale The general principle is as follows Each period has a begin of period timestamp as well as an end of period time stamp The sentiment generated by a given completed period p can be used in a container study starting from the earliest period having a begin of period timestamp equal to or later than the end of period timestamp of period p The following example demonstrates this A 60 minute study is embedded in a 10 minute study 60 Min f FOAM ROS EUX Okin F itar sos
24. By rightclicking onto a security in the WorkspaceBar and selecting Symbol Details some settings for the symbol can be defined Af Dynamite Sentimentor Yahoo us YHOO 1 Datei Portal Ansicht Fenster Tools Skripte Extras Zeichne Aeree Workep a Kaufmann s AMA o Sy Depots Kautmann s AMA J LiveTables J Scripts 4 Manual Sentimentors e 3 Simulation J RealTick Futures 4 4 jw EuroStoxx Q CAC 40 MASTER UNIT DAX PERFORMANCE Uo 03 01 00 20 06 00 s oe a Open x nineT Symbol Details a NOMS X Delete laj SPM3 lt lt Dax JAMOS E Q UKX FT1 Refresh WorkspaceBar FS Name 4 DAX30 Xetra 23 Quote Files Intraday wkn Type FUT Aktuelle Kurse wkn eer Tick Size 0 5 Calls wkn pea Th O Value per Point 25 00 Intraday symbol Precision f concel_ Actual quotes symbol News symbol Calls symbol Puts symbol The Tick Size is the smallest possible change in the price of the symbol This is used for rounding stop prices and profit targets Moreover the Tick Size defines the step size for the ProfitTarget and Trailing Stop parameters Value per Point is required for the p computation of DySen DirectTrade 18 21 LiveTables 18 1 21 1 What is a LiveTable A LiveTable is a
25. Directional Ind DI Pivot Points Point amp Figure Renko RST Display in MasterChart Display as subwindow in MasterChart window Display as seperate window Insert as Cancel F DAX DCO03 FDAXDCO3 EUX Watch MasterChart Min DAX DCOS FDAXDCOS EUX Watch Moving Average 30 20 10 10 02 10 30 10 58 11 25 11 53 12 21 12 49 CA x x Ft Bollinger Bands Candle Stick Favorites 4roon pC Bollinger Bands Channel Breakout Crossing MA Crossing MA Directional Ind DI MACD DSS RSI Dyn Momentum Idx gt gt Stochastic i Kaufmann s AMA Pivot Points Meta Sentimentor Express 4roonOscillator Directional Ind DI Local Highs amp Lows P Linear Regression Meta Sentimentor Momentum x Display in MasterGhart Display as subwindow in MasterChart window Display as seperate window Insert as EEN Filter Stop Cancel Wa MACD Histogram of DAX DCO3 FDAXDCO3 EUX Watch Senti 50 00 1 Min f DAX DCOS FDAXDCOS EUX Watch Moving Average 30 st 20 10 10 03 10 31 10 59 11 28 11 56 12 24 12 53 7 Mint MACD Histogram 12 26 9 5 3 DAX DCOS Watch ak 2 i a i A eE 1 09 j Miaa dh yyw 2 76 20 10 10 03 10 31 10 59 11 28 11 56 12 24 12 53 In case many sentimentors are used it is convenient to place some of them as separate windows independently of the MasterChart MjDynami
26. LiveTable etc 10 13 Linking Bars and Charts to the Same Symbol All standalone SpeedTrader DetailBars T amp S Bars as well as charts show a color coded button displaying two rings DAX DCO4 TRS Ge FO DAX DCO4 FDAXDCO4 EUX TradeGuard M Last Bid Ask volume Time i 18 10 10 47 Iia 12 27 13 17 Last Bid Mo Symbol Link When changing a symbol in one Bar or chart either by drag amp dropping a symbol into it or by selecting one through manual input all Bars and charts that show the same color will retarget to that new symbol automatically This allows for extremely fast and easy switching between symbols of interest A typical configuration would be to have opened two studies for the same symbol a standalone SpeedTrader and Time amp SalesBar both targeted to the same symbol If all these elements were assigned the same Symbol Link color then by simply dropping a symbol from an account or the WorkspaceBar into one of them would result in changing all linked windows The Symbol Link will be maintained when saving pages 11 14 Manual Symbol Selection DySen FIDES Trader Extension DySen FIDES Trader allows to manually select a symbol for Bars and charts Simply click into the desired bar or chart and start typing on the keyboard or press the space bar The Enter Symbol dialog will show up displaying the initial key strokes Enter Symbol x 5 FIDES Ticker Cancel Delete From List Search
27. Programme Fip Amazon com Ine AMA MetaStock C ProgrammeFip Ariba lnc ARBA MetaStock C FProgramme Fip Intel Corp INTC MetaStock C FProgramme Fip Microgatt Corp MSFT MetaStack C FProgramme Fip PepsiCo Inc PEP MetaStack C Progrannime Fip Philip Morris Com MO MetaStock C ProgrammeFip Wal Mart Stores Inc WHT MetaStock C Programme Fip ahoa Ine HOO MetaStock C FProgramme Fip Select Secunties Script processes 9 securities In this example the script has to work on 9 securities 21 2 2 24 2 2 Defining the Runtime per Security The optimization spends a certain time per security This time can be specified through the number of tries or in an explicit duration Thus the same mechanism as already described for the Optimize dialog is used Stop after mas Tres per Stock 50000 E Approsimate Completion time mas Time per Stock 00 15 49 wf oi 21 10 00 If both stopping criterions are activated the optimization stops as soon as the first criterion is met lf a fixed time per security is defined then automatically the expected completion time is displayed below the Approximate Completion Time label This assumes that the script is started immediately Very often one likes to run a script immediately and wants the script to have finished at a certain time This can be achieved easily by editing the completion time Editing the completion time will automatically adapt the max Time per Stock setting as
28. Stops H Express i External Aroon Bollinger Bands Manual Crossing MA MACD FridayClose Rol FUTURES ae Stochastic i Pivot Points Meta Sentimentar Express 4roonQscillator Directional Ind D1 Click Stop Click Target E Exporte f Display in MasterGhart Display as subwindow in MasterChart window Display as seperate window Insert as Sentimentor _ Stop Cancel Note As all sentimentors the Manual Sentimentors are evaluated at the end of a bar i e a 1 minute period Therefore there is an dependency between the chosen aggregation of the MasterChart and the time when a filter gets active e g if the filter says FLAT at 3 20 pm and the aggregation of the MasterChart is 15 minutes then the actual closing of a position would take place at 3 30 pm which is the end of the period where the filter is active 22 8 25 8 Creating a Manual Sentimentor with an External Tool Manual Sentimentors can also be used to incorporate results of other programs or specific indicators into Q Trader To enable this process Manual Sentimentors are stored as plain ASCII files with the suffix sent Such a file must be stored in the ManSentisDir which is by default a subdirectory of the installations directory top 23 26 Parameters of the Trading Approaches A trading approach defines how a sentiment series is used to generate signals The generation scheme is driven by parameters that are also considere
29. Study ERSMROG CME 0 1 ESMROG CME Overlay 4 Min t 73819 El E 733 80 719 70 Br I ri 22 02 15 45 16 12 16 36 17 00 17 24 17 43 Study FDAXMROB EUX 0 14 ESMROG CME Overlay 4 hlin f lt sor Oo fj ae 57930 4 q 22 02 15 46 16 12 16 36 17 00 Triad 17 48 Study FESXMRO6 EUX 0 1 ESMROG CME Overlay 4 Min f Fe eee ae r o 3800 00 m 3775 00 q 22 02 15 46 16 12 16 36 17 00 Triad 17 40 22 02 06 Wed 17 48 data 733 60 y 719 70 O 1295 25 0 1293 50 H 1294 50 L 1295 1 Note that an embedded price chart owns price sliders that allow to fix the price scale Moreover if the MasterChart shows a MarketProfile the embedded charts will also show a MarketProfile following the settings of the MasterChart 26 4 29 4 Displaying an Embedded Price Chart in the MasterChart A price chart can be overlayed in the MasterChart by selecting Display Study in MasterChart from its legend context menu Aggregation af Study DAR 3056 44 Study DAS Visualization Settings Display Study DA in MasterChart Remove Study Dax 5021 86 4 q EE 22 02 16 20 1E A price chart overlayed in the MasterChart will be displayed as if it was the MasterChart itself i e there is no specific matching of the price scales Any number of price charts may be displayed in the MasterChart PH DAX Future 06 03 846959 Container MasterChart E B x Gel CB eS A
30. The ScriptEditor can be started by rightclicking on the script to be edited and choosing Edit in the context menu M Dynamite Sentimentor S amp amp P Fie Portal wiew Tools Scripts Extras Help e DEt Sea ES mem WorkspaceBar H E Depots H E Live Tables Scripts cal E aggtest geirin oof TripleH fe Run H 2 Manual 5 Ed Create Status Report Ea Satie H E Fides K H E MetaStoc Send a friend H E Quote File z gt Delete Refresh WorkspaceBar FS The ScriptEditor looks as follows DySen Script Editor a x Hame trading Securities to be processed by script Com COMS Tai Pan Database Adelphia Comm ADLAC Tai Pari Database adidas Salomon BOOS40 Tai Pan Database Alcoa eT Tai Pan Database Allianz vAA E40400 Tai Pan Database Amazon com AMA Tai Pan Database American Expre AP Tai Pari Database Amgen AMGN Tai Fan Databaze Apple Computer AAPL Tai Pari Database Ariba AREA Tai Pan Database ATET E T Tai Pan Databaze BASF BTS100 Tai Pan Database Bay Hypowerein EO2200 Tai Pari Database Bayer Bf5200 Tai Pari Database Biormet BMET Tai Pan Database Select Securities Script processes 95 securities Stop after mas Tries per Stock E000 E Approximate Completion time mas Time per Stack 00 10 00 Iw z110 227 02 Study Settings Template Study s0 efaultDysDir strading dys Browse Study Labet trading Export MetaSentinentors fo
31. smoothed crosses Threshold Buy from below sentiment value 100 smoothed gt Threshold Buy sentiment value 75 smoothed crosses Threshold Buy from above sentiment value 40 smoothed crosses Threshold Sell from above sentiment value 60 smoothed gt Threshold Sell sentiment value 25 smoothed crosses Threshold Sell from below sentiment value 0 Otherwise sentiment value 50 25 2 22 28 2 22 Pivot Points The Pivot Points are computed based on the previous day trading range Quite often they mark significant support resistance levels for the actual trading day e Min DAX INO4 JP DAX INO EU Pivot Poilfts 16 1 1 I al 4086 Live Ticks are buffered i i 1 LLS HE I Resist 3 4129 2 Resist 2 4113 3 4070 f T nN 4060 NII ay Von a i A uh Anan 4026 Support 3 4026 7 HW 4050 aa 20 04 21 04 10 30 12 05 13 40 1315 16 50 18 25 22 04 10 00 m al assy The visualization displays the support resistance lines at the level of the Pivot Points Moreover a moving average of the close is displayed This MA is used for generating the signals In case the span of the MA is set to 0 the MA is not drawn and the close prices of the bars are taken for the signal generation Computation Pivot PrevDayHigh PrevDayLow PrevDayClose 3 Resist 3 2 P PDL PDH Resist 2 P PDH PDL Resist 1 2 P PDL Support 1 2 P PDH
32. 00 1043 00 1043 25 1043 00 1043 25 1043 25 1043 00 1043 25 1043 00 1043 25 1043 00 1043 25 1043 00 1043 25 1043 00 1043 25 1043 25 The File menu of the main window also gives access to the Pages functionality 382 678 382 677 382 684 1 382 685 1 381 685 371 685 371 677 361 677 351 Wj Dynamite Sentimentor DAX DCO4 FDAXDCO4 EUX 1 Min f TradeGuard Future File Portal wiew Window Tools Scripts Extras DrawingTools Help Pa Open Strg O0 Open with Template Study Close EE X Save Study Save Study 4s Save 4s Template Study 1 DAX DCO4 TradeGuard 2 Simulation TradeGuard 3 TaiPan RT 593700_ETR setra_ 76324 Wouter Save Page t1 Save Page As Empty Page Define Start Page Delete Page Bund EurDollarCalendar EuroDollar Forex Hallo Jochen jeremy 4 Air Liquide Trend 5 Adobe Systems US Trend 6 SAP 4G ST O N TradeGuard 7 S amp P 100 INDEX TradeGuard Last Exit Minis My Start Page 20 23 OneClick Recording and Playback The most effective way for a trader to train a new trading technique or a new market is by way of having live data of this market in conjunction with a Paper Trading feature However it can get extremely time consuming to really get confident with the various characteristics of a market simply because they will probably enfold over multiple trading days if not weeks Also in a training e
33. 12 99 100 Merger Announcement Dresdner Bank OF 03 00 15 03 00 0 Merger Failed A manually defined sentimentor is a text consisting of lines with the following format dd mm yylyy dd mm yylyy sentiment comment sentiment represents the sentiment value for the specified period thus it must be an integer between 0 and 100 The specification of a comment is optional Obey the and characters when editing a line Spaces and tabs may be used to format a line lf time periods are overlapping the last value for a multiply covered date is taken For all are uncovered dates Q Trader uses the neutral sentiment 50 The comment will be displayed by Q Trader when the Manual Sentimentor is used in a study and the mouse points to a period with a specified sentiment Deutche Bank 100 0 100 sji HERE Failed U 25 08 99 14 10 99 03 12 99 26 01 00 Te 03 00 10 05 00 30 06 00 22 3 25 3 Creating a New Manual Sentimentor To create a new Manual Sentimentor start the Manual Sentimentor Editor by rightclicking on the entry Manual Sentimentors in the WorkspaceBar M Dynamite Sentimentor S amp 2 P Fil Portal View Tools Scripts Extras Help The editor starts with an empty file Now provide a name for the new Manual Sentimentor e g DySen Manual Sentimentor Editor Mame M y Euro Sentiment To Each line contains the sentiment value The following format ig expected dd mm yy dd mm yy value c
34. 20 304 03 09 48 30 03 04 Tue 09 48 data 3895 0 y 3613 7 2 6 5 6 Loading Additional Price Data Each study holds the date from which on Q Trader retrieves and displays price data There are several ways to change this date The most easy one is to use the predefined settings accessible from the tool bar lO x Wj Dynamite Sentimentor DAX DCO3 FDAXDCO3 EUX 1 Min f Watch Future Trading File Portal View Window Tools Scripts Extras DrawingTools Help elites Geaesarn Aid 22x ih td WorkspaceBar smelt V5 DAX DCO3 FDAXDCO3 EUX Watch MasterChart Ticks H Depots a earl Pi Min DAX DCOS FDAXDCO3 EUX Watch 1 Minute Scripts 3 Minutes Manual Sentimentors 5 Minutes Simulation 10 Minutes eSignal 4 les 60 Minutes A L gh x m My Futures Daily Chart 1 Year 1 E D323 i g 5 I ESZ3 Daily Chart 5 Years i i E Bollinger Weekly Chart 1 Year E T a BreakOut Weekly Chart 5 Years s sPz3 l ir all Ui tt DAX DCOS i L t Euro STOXX 50 DCOS t Euro BUND DCO3 NASDAQ 100 3 Index DAX 30 Xetra Index DAX Futures I FDAXINO4 EUX 65 i Dax Dcos LA watch Ff Dax MRO4 Sq DJ Stoxx 50 Futures 3 Hang Seng China Enterprises Index i S3 Licensed Symbols Fa 4 b 1 Year O 3534 5 C 3535 50 H 3536 5 L 3534 0 179 Span 0 1 m U 4 15 10 14 30 16 10 14 30 1
35. ATR span StdDev number of periods used to compute the standard deviation of the True Ranges stdDevs corresponds the factor f from the formula given above top 27 11 30 11 PeriodsHighLow Stop Computation The stop for a long position is defined by the n periods low delta For a short position the stop is the n periods high delta The applied unit is specified in the evaluator percental multiple of ATR absolute Parameter Periods for Low number of periods for determining the low Stop Low Delta correction of the low Periods for High number of periods for determining the high Stop High Delta correction of the high top 27 12 30 12 BreakEven Stop BreakEven Stop EoP Computation The calculation of the BreakEven stop relies on two primary stop levels The first level gets active directly after entering the trade This level is called Initial Risk In case the trade develops into the correct direction the stop is changed like a trailing stop until it reaches the BreakEven level From this point on the stop stays constant As with the Trailing Stop DySen provides an End of Period EoP implementation and a Tick by Tick implementation For details please see the comments on the Trailing Stop Note that the pure Trailing Stop is ignored in a study unless the study runs in TradeGuard or LiveEvaluation mode i e it has no effect for backtesting This is indicated in the DesignerDialog by displaying the
36. Dow Jones Industrial fl ff Euro STORY 50 Future H E Gold Future 10002 H II TecDax FI f t ESTX 50 KI LiveTable i ABN Amro Holding J Adobe Systems US i Aegon JI Ahold JH Air Liquide iy Aixtron t Alcatel LiveTable 132 70 ma na 132 78 1 45 short Profit Target 125 29 Stop 131 82 Fix 18 5 21 5 Attaching a study to a LiveTable s symbol To change the study attached to symbol displayed in a LiveTable right click on that symbol and choose the desired study from the context menu You might choose from the available template studies or from the studies created specifically for that symbol LiveTable Symbol amp Position Rating Study VYOVVETR 34 630 nla nia nla nia nia nia nia TUIETR 15 530 nla nia nla nia nia nia nia TKA ETR 15 740 nia nia nia nia nia nia nia SIE ETR 53 440 nia nia nia na nia nia nia SCH ETR 50 510 nla nla nla nla nia nia nia SAP ETR pee RAE ETR Notifications MUY2 ETR Automatically resort MEO ETR Time and Sales SpeedTrader DetailsBar Symbol Search Find Eurex Options Find Warrants Template Studies Studies of this Security SAP AG ST O N 5AP ETR Fides 1 Minute loads 5 days SAP AG ST O N 54P ETR test 1 Minute loads 1 days SAP AG ST of bial EE 1 Minute loads 17 days Hide Display Gharts Designer Dialog s Evaluator Optimize re Carnkien we Cahier 18 6 21 6 Removing a study from a LiveTable
37. E E AE een 11 NQWSBaLD cccccceeceeceeceeseeteeceeeeeseeseeeeeeeeseeceeceuceeeeueeueeeeeeeeeesaesausaetansaesaeees 12 P We EEO asain cause N E N EN aceinnedeuanoneneneanaseaecede 13 Linking Bars and Charts to the Same SyMbol cccccceseeeeeeeeeeeeeeees 14 Manual Symbol SelectiONn ee ne ee nee eee eee 15 ey dHR9 Ieee 2 6g 2 9 Eee eee ee nee 16 Trading Approaches ccccccccccccscccecceeeceeeceecucecaeeeeeseueceueseeeceeesaesaeesaues 16 1 Visualization of Trendsignalls ccccccccseccseeeceeeceeeeeeeeseeeseeeeeeeesaees 16 2 Visualization of Trading SIGN ANS i cisccewccescsesssesaverevencusvasssavaeeviseusversves 16 3 Analyzing a Trading APproach cccccccssccsscceeeseeeceeeeeeeeeeceeseeeseeeaes 17 Biel Wee ERE 222 cat atetasceaiatata cacscictadesalcsaiesatcsateetarecctalgealatetceetatataeacase 171 eS a igs 62 gl ae eee ae eae ee ee eee eee T ee ac sixarany ecard ase ae 1713 SAVE AS Template SIU iivvcsciessivesisvescacssvciserasevicaesvevasucnssverasuedaarecssvens 17 4 Loading a different Study cecccceccseeeceeeeeeeeeeeeeeeseeeeeeeesseeessaeeeas Te Sa a saan ceseaasastovacwanuiossnscaianeacastansevedianamnasaesmeasbosendes 10 me Res le an eE sence ne ccne EEEE NENNEN ener w I ee a AEA CAL EEA A gan eee ener ee 17 7 2 Decrypting a Stuy ccc cecceceeeecseeeeeeeeeseeeeseeeeseeeseeeeseeeeeees 17 7 3 The Designer Dialog showing an Encrypted Study eee N JN 0d Select
38. EuroStoQ FWB E Eurotis E Excel E Indicies Add Folder H Internationale Indizes EE H izdex H Midas Fue z Edit Fold Fl Mdax z __EditFolder_ Abbrechen liberretmen The DDE editor allows to create folders and to add securities The settings for a security comprise the following data DDE Edit Security Mame elle 1 Spalte Service Exel Topic Tabele Iter AS Delay 15 minutes Symbol or WEN optional pooo Cancel The Name is used to list the security in the WorkspaceBar service Topic Item are the necessary settings to create a DDE connection to a different application Please view the manual of your data source to obtain the respective definitions The example above reads the value of the first cell of Table 1 of a German Excel instance The symbol is optional it is used to get additional information over the internet using the context menu in the WorkspaceBar When starting the DDE Edit Security dialog the previously entered values are restored This greatly simplifies the creation of a larger number of records 28 8 31 8 Simulation of Realtime Data For demonstration purposes Q Trader is capable of creating random realtime data Data Sources Quote Fie Markei Makes W So T kB Tal Pan MetaStock Tai Pan AT DDE WinBig Simulation Initial price Number of Initial Ticks a Millizeconds between Ticks min 50 max jo Volume mir ho max ioo00 00 Yo
39. Future Trading Save N Cancel 21 6 24 6 Creating a New Script from an Existing Script If you just want to adapt an existing script slightly and store it under a new name proceed as follows 1 1 Load the existing script into the ScriptEditor 2 2 Overwrite the name of the script with the name of the new script 3 3 Adapt the script settings 4 4 Save the script 21 7 24 7 Deleting a Script Rightclick on the script to be deleted and choose Delete from the context menu Dynamite Sentimentor S amp amp P File Portal wiew Tools Scripts Extras Help ees oE e maam WiorkspaceBar f Depots H E LiveTables H E Scripts aggtest aS Manual h create Status Report H Simulat Bel Edt H Fides Haj Metaste m Send a friend H E Quote F Refresh WorkspaceBar FS 21 8 24 8 Emailing a Script lf you have installed a so called MAPI email system e g Microsoft Outlook you can email a script directly from within Q Trader To do this just open the context menu by rightclicking on the script to be send and choose Send a friend Ma Dynamite Sentimentor S amp amp P File Portal View Tools Scripts Extras Help emper feGesen WiorkspaceBar Depots H E LiveTables Scripts aia aggtest e E Bollinger er MoneyBee Triple E Run Eo Manual Create Status Report H Simulatie A Edt a Fides Eo MetaSto CJ Send a Friend H N Quote Fil K Delete
40. Futures 38875 33 i E EUR USD P L 3887 0 38 t EURJUSD GTES 0 00 3886 5 25 If EUR USD UBS 3886 0 91 tt 6EH4 Average Price eee I 6EM4 0 00 6 3884 5 eI jess 5 3884 0 it Esm Order Volume 9 3993 5 E JFESXMROS EUX 45 328830 HEH SPH a 28 38825 oi 19 3882 0 E Delete Asks 44 3991 4 H 20 3881 0 ae Delete All 30 3880 5 og 50 3880 0 a Symbol Details TI 28700 E 222 E i j Flat 3878 5 el vop tse Template Studies E ee Sy Test Time and Sales skik 4S Index BAX 30 og DetailsBar o A Index DAX Fut Da The SpeedTraderBar can be used for both just displaying the market depth for informational purposes and if attached to an account trading with the click of a button The toolbar buttons of a SpeedTraderBar allow to configure its appearance Show Hide the left pane of account information and trade buttons Please see the manual DySen DirectTrade for details Show Hide the column displaying the volume histogram Show Hide Bid Ask columns ao Show Hide gaps in the market depth Automatically center the list to display the last trade price Ask for confirmation before issuing a trade Show Hide time information The upper part shows the sizes horizontally and indicates whether there is a bid or ask pressure The colors of each level can be customized in the ColorManager through the main window Extras Colors 8 11 NewsBar DySen FIDES Trader Extension The DySen FIDES Trade
41. Ial button 14 27 17 27 Visualization Evaluation Time Range from 77 ano aan gt H AH kA dk m Tail F Freeze Chart of a Sentimentor By rightclicking on a sentimentor row in the Designer tableau the corresponding context menu pops up Adobe Systems Fie Sentimentors Optimization Window chy Ea Aggregation a Day s Perfomance Trad Stop Trailing Stop Stop Profit T arget Meta Sentimentor Kaufmanns AMA Parameter Span actual mir B Evaluation Time Range from 1 300 v AH kal taStock ote Files Ak Close US ADBE 1 D Trendi Tools Help AB MEX Baal Ale x il Approach a3 Bid 49 38 ji PEN a Display the ENER as subwindow of the MasterChart window Display the sentimentor in MasterChart Aggregation Sensitivity of the Sentinentor Sensitivity of the Parameter Tabu Search For active Sentinentor Exhaustive search For active Parameter Edit interpretation Active Sentimentor in Foreground Reset Active Sentinentor Fix active Sentimentar Export Active Sentimentor Remove Active Sentinentor You may change the display style of a sentimentor by selecting Visualization Sentimentor Visualization Bs Line Color C Line Style wo cme Line Width 1 E When choosing 0 as the Line Width the corresponding line will not be displayed Otherwise the Line Width
42. Money Management Trading Constraints Optimization Goat fo total number of trades f 0000 D e largest winning trade 100 z hoin Total Net Profit fo z avg number of bars in winners lt frooo0 absolute maximal drawdown lt fioo0000 relative maximal drawdown lt jropo00 2 mas consecutive losers lt 10000 T ee Humber of winning trades 100 total number of trades ja lt profit factor E p000 Met profit mas Parameter Scatter lt foon A avg Parameter Scatter lt fioo ES Ho Constraints Abbrechen 15 3 2 18 3 2 Optimization Goals IQ Trader provides the following choice of optimization goals e total performance e average winning trade e percent profitable trades e Expectancy defined as PW x AW PL x AL AL with PW probability of winning AW average winning trade PL probability of losing AL average losing trade e Expectancy Score defined as PW x AW PL x AL AL Opportunity with PW probability of winning AW average winning trade PL probability of losing AL average losing trade Opportunity Trades Periods in the evaluation period e max consec winners max consec losers e Profit Factor e total performance max drawdown e Happiness Factor by Stefan Fr hlich English Happy German Frohlich defined as Performance PW ProfitFactor AW AL max drawdown max losing trade max winning trade e Ave
43. My 5074 a 04 06 99 16 06 99 24 06 94 1207 99 Be H gg 04 08 j 17 06 99 E To see at a glance where valid patterns have been recognized that have been taken into account for generating sentiments Q Trader draws little blue squares at the top of the value scale Note that recognizing a pattern does not automatically lead to a signal e g if the system is already invested in the corresponding direction ines o a44 AT me 4 i i 5319 i S074 m E E e e eae ee en ree ee 41 T ya 04 06 99 16 06 99 29 06 99 12 07 99 22 07 99 04 08 99 17 08 99 h 25 3 2 28 3 2 Deactivation of the Trend Component To deactivate the trend component of the Candle Stick sentimentor simply fix the first parameter to a value of 1 US T Trend Performance Trading Pz Fie Sentinentors Evaluators Optimization Window Extras Approach Performance Trading Aggreg D ayta Motes xl Sentimentor Aroon Add Filter Stop Remove Fara 1 Para 2 Para 3 Para 4 Para 5 Para 6 Para 7 Para 6r 4 20 8 406 65 Meta Sentimentor az Candle Stick 100 100 total performance 69 744 ptt total of trades 6 Lower Bound winning trades 4 losing trades percent profitable 66 672 profit factor Sal Weights only Evaluation Time Range Get Eval t r From 1 3 99 To 14 2 02 All Ir Tail Optimize Exhaustive Close 25 3 3 28 3 3 The Recognized Candle Stick
44. Parameter Span number of periods to consider for the computation of the maximums and minimums 1 EMA Span speed of the first EMA 2 EMA Span speed of the second EMA Threshold Up threshold for the overbought region Threshold Down threshold for the oversold region Interpretation DSS curve leaves the overbought region gt sentiment value 0 DSS curve leaves the oversold region gt sentiment value 100 Otherwise sentiment value 50 top 25 2 10 28 2 10 Exponential Moving Average Computation EMA t EMA t 1 SF Ct EMA t 1 with SF 2 span 1 Parameter Span number of periods for computing SF Interpretation close crosses average from below sentiment value 100 close crosses average from above sentiment value 0 close gt average sentiment value 65 close lt average sentiment value 35 Otherwise sentiment value 50 top 25 2 11 28 2 11 Heikin Ashi The Heikin Ashi is similar to a candle stick chart but it uses modified data for open high low close for each candle By this modification the traders can identify a trend more easily by means of visual inspection Bull candles without lower shadows signal a strong uptrend while Bull candles with no upper shadow signal a downtrend Computation Close Open High Low Close 4 Open Open previous bar Close previous bar 2 High max High Open Close Low min Low Open Close Parameter There are no parameters In
45. Parameter span for initial High Low number of periods for determining the highest high lowest low Acceleration Increment the increment of the acceleration factor Acceleration Max the maximal value of the acceleration factor 27 9 30 9 Linear Stop Computation Starting from the entry price a straight line with a fixed gradient is computed When crossing the line the stop is executed The applied unit is specified in the evaluator percental multiple of ATR absolute Parameter Long Gradient minimal price increase per period for long positions Short Gradient minimal price decrease per period for short positions Offset the offset is subtracted from the entry price for long positions added to the entry price for short positions top 27 10 30 10 KaseDev Stop Computation 1 Computation of the True Range Computation of the Moving Average of True Range ATR Computation of the standard deviation of the True Ranges SDEV Computation of the Dev Stop Reversal Value DDEV DDEV ATR f SDEV Dev Stop Long Trade High DDEV Dev Stop Short Trade Low DDEV Trade High denotes the highest high during the trade Trade Low the lowest low oo SS MP Note that because of the incorporation of the standard deviations of the true ranges the KaseDev Stop may rise and fall In other words the KaseDev Stop enables a trade to breath with the volatility Parameter Span ATR number of periods used to compute the
46. Patterns All of the recognized patterns indicate a trend reversal The sentiment value is generated for the day a pattern has been completed lf no pattern is completed for a given day the sentiment value is set to neutral 50 at that day Morning Star Evening Star Three Soldiers Bullish Engulfing Bearish Engulfing Outside Up The sentiments can be configured in the sentiment editor Interpretation forr CandleStick Patterns X Sentiment Seres starting at Pattern pattern completion e g 0 0 Homing Star 100 Evening Star Jo Three Soldiers 100 Three Crows fo Bullish Enguiing 75 0 Bearish Enguiting ia 0s Outside Up 100 Outside Down fo Template Select Remove Jave Cancel 25 3 4 28 3 4 The Parameters of the Candle Stick Sentimentor The first three parameters are the same as described for the CCI sentimentor If the Threshold Up Trend is exceed an up trend is stated and vice versa for the Threshold Down Trend The other parameters refer respectively to candle stick patterns Ifa parameter is set to 1 the corresponding pattern taken searched for If set to zero the corresponding pattern Is ignored Parameter Span Parameter n used in the computation A value of 1 deactivates the trend component such that a pattern is stated independently of the current trend Threshold Up Trend CCl threshold indicating an upward trend Threshold Down Trend CCl t
47. PlayBack starts Wa Dynamite Sentimentor FDAXSPO7 EUX 25 06 07 11h15 21h30 1 Min TradeGuard Future Trading ioj x File Portal View Window Tools Scripts Extras DrawingTools Help a S4z 8x m ae a PEERAA EE paces a x Dix a Help wane i Min FODAXSPO7 EUX 25 06 07 11h15 21h30 TradeGuard amp Accounts TradeMaster 7985 5 4 LiveTables 1 7080 Scripts 4 Timed Exits amp Filters Manual Sentimentors 7970 Simulation PlayBack 5 FDAXSPO EUX 25 06 07 11h15 21 thot Plain g EE hhii 7950 Comp und Symbols Dde l a i 4 FidesHistory i 7940 H E Quote Files iid j 7935 0 7930 7920 7912 5 06 09 47 10 20 10 53 EZT 12 00 12 34 D Eie 25 06 07 Mon 09 12 data 7981 5 y 7943 3 O 7976 5 C 7981 5 H 7981 5 L 7974 0 570 Span 0 09 To control the PlayBack a panel is used FOAXSPOT EUX 25 06 07 11h15 2130 im 5m 10m 60m Acceleration feo in ts sm is 30m Apply is 1mi 1s 10m 1s 60m 25 06 07 Mon 11 44 Playing Click Pause to let the playback pause Click once again to let it continue The 1m 60m allow to step forward the specified number of minutes This works in both Pause and Play mode The Acceleration allows to speed up the replay Use one of the predefined settings e g 1 second realtime plays 10 minute recorded data
48. Select Standard he 24 2 27 2 Interpretation Scheme Bands 24 3 27 3 Interpretation Scheme Two Zones Interpretation for Two Zones X Sentiment Series starting at Event event pernod e g 100 90 1 Entering Upper Zone 50 2 Staying in Upper one 50 3 Leaving Upper one fo 4 Staying between ones 50 5 Entering Lower one 50 B S haying in Lower one B0 Leaving Lower one fi OU Template Select Remove Save The interpretation scheme Zones uses two parameters Threshold Up and Threshold Down that are defined by the sentimentors using this scheme top 24 4 27 4 Interpretation Scheme Swing x Sentiment Series starting at Ewent event pernod e g 10050 1 End of Downward Swing 100 2 Upward Movernent o 3 End of Upward 5 wing Eo 4 Downward Movement B0 Template Select Remove Save mea The interpretation scheme Swing relies on two parameters Span Left examination range before an extreme point Span Right examination range after an extreme point The end of a Downward Swing Event 1 is given if the examined curve falls Span Left bars and then rises Span Right bars In Upward Movement occurs if the value of the current bar is greater than that of the previous bar End of Upward Swing and Downward Movement are defined analogously top 24 5
49. Sentimentor File Portal wiew Tools Scripts Extras Help 6 ier AAR BaHaA Be WorkspaceBar H E Accounts H a LiveTables Sy Scripts Bey Manual Sentimentors Filter M Friday Close en Dde H E Quote Files DySen Manual Sentimentor Editor x Name Intraday Static Each line contains the sentiment value for the specified time range The following format ig expected DD Mey HH MM HH MM lt Block or Flats Comment Omit the date for recurring actions e g 9 00 9 30 Block Opening Chaos a00 10 15 BLOCK Opening Blocker 16 00 23 59 FLAT Too Late cae FLAT ensures that an open position is closed and that new entry signals are Suppressed BLOCK is less restrictive in that open positions are left untouched until an exit signal occurs but entry signals are suppressed In case the periods are repetitive as in the example above no date needs to be specified If the period is bound to a specific date then the complete date and time need to be specified The MasterChart visualizes BLOCK and FLAT periods with light blue and blue p Spar a Eure STOxXG0 MROS_1FEOXMROS EUX eat Hf 2550 Hye nh Mya a i 528 00 i 2520 ptt X as Opening Blocker 2490 2479 03 01 16 37 17 13 17 53 18 50 06 01 09 43 10 17 10 51 11 27 12 04 These filter sentimentors are added to a study through the normal Add Sentimentor dialog Add Sentimentor x Favorites F Standard E
50. Total Performance ja lt total number of trades fiooon D ze largest winning trade 100 2 100000 Be Total Met Profit jo lt avg number of bars in winners lt f pagg absolute maximal drawdown lt fiooo0o0 relative maximal drawdown lt foon a mas consecutive lasers lt foon T a number of winning trades 100 total number of trades ja lt probit factor 10000 Met profit max Parameter Scatter lt 20 FA avg Parameter Scatter lt 10000 Es 4 using f 0 Sheps Control Periods 0 of Evaluation Period No Constraints Abbrechen In case one of these constraints receives a sharp upper bound Q Trader will conduct the sensitivity analysis for every considered parameter change Caution Usually this leads to a significant increase of required computation time The rationale behind this is the assumption that the higher the sensitivity of the parameters the less likely it is that this setting will work on unknown data By constraining the parameter sensitivity Q Trader automatically attempts to compute more robust parameter settings top 15 3 5 18 3 5 Optimizing with Embedded Sensitivity Analysis A detailed description of the control time period can be found in section Evaluation Time Periods On the page Control Period restrictions can be defined that are verified for the control time range The optimization rejects all parameter settings that do not obey these restric
51. allows to make the actual zoom range the evaluation time range Using the All button kd the evaluation time range is set to cover the complete loaded data After changing the time range explicitly you can use the Zoom to Evaluation button ALE to zoom the windows to back to the evaluation time range When saving a study only the From date is saved The To date is automatically set to the latest available date when loading the corresponding quote file This enables an easy daily say evaluation of stocks using batch files without the necessity to adapt the time range manually top 14 24 17 24 Specifying the Control Time Range The control time range is defined as a percentage of the evaluation time range The percentage is defined on the page Optimization Goal and Trading Constraints of the Evaluator that can be reached through the menu of the Designer dialog Adobe Systems US ADBE 1 D Tre File Sentimentors Optimization Window Evaluator Settings Optimization Goal and Trading Constraints Tabu Search For active Sentinentor Exhaustive All Exhaustive Optimize only the weights of the MetaSentinentor SystemTester Exhaustive search For active Parameter Kaufman s AMA z Am Evaluator Settings S x Performance Money Management Trading Constraints Control Period Optimization Goal Total Performance fo lt total number of trades jroood fox largest
52. and trading strategies Trendsignals are generated independently of each other i e long and short signals are given without a reference to the preceding signals Moreover transaction costs and budgets are not taken into account In contrast a trading strategy is computed starting from an initial budget The given signals rely on each other Moreover transaction costs and slippage influence the performance 13 1 16 1 Visualization of Trendsignals The following scheme is used to visualize trendsignals solid green triangle correct long signal green triangle wrong long signal solid red triangle correct short signal red triangle wrong short signal green triangle filled with blue A buy signal that is so near to the present that its correctness cannot be evaluated yet open buy signal red triangle filled with blue A sell signal that is so near to the present that its correctness cannot be evaluated yet open sell signal The following screenshot shows trendsignals in a sentimentor window Ad TE Syste ms US ADBE TripleHit 1 D a 99 06 101600 110900 12 06 00 010401 01231401 022801 a Doo The green areas show the target zones that have to be exceeded whereas the red areas show the stop zones that may not be exceeded 13 2 16 2 Visualization of Trading Signals The interpretation of the trading signals depends on the current evaluator a solid green triangle long buy buy calls buy contracts
53. b e o 10 Mint FOAAMROG EUS Container Feriad E 19 00 00 19 59 59 22 02 17 00 16 00 Di 5874 0 Period C 5872 0 L 56700 19 50 00 E 56680 S E SARA N 5965 5 Oo 2202 19 40 19 50 20 00 A10 A30 al ra Fa Ei E 13 00 2000 21 00 Study FOASMROS EUS SOMin Filter 0 1 FCAS MRO E iia Crogzing MA 41 3 FOAXMROG EUX SOMIn Filter 0 Mint 100 0 5600 5 Sor S A 50 0 mal pe ai 0 0 S37 2202 19 40 15 50 20 00 20 10 20030 22 02 17 00 18 00 19 00 20 00 21 00 At 19 59 59 the periods C and E are completed The sentiment published by period E allows short signals hence the red coloring That sentiment carries over into the container study for period C and subsequent periods 26 10 29 10 Inherent Difficulty with Timestamps When matching timescales of different symbols onto each other there is unfortunately an inherent difficulty associated with timestamps of arriving ticks Some data providers such as eSignal provide the original timestamp from the exchange with each incoming tick while others such as Patsystems use the arrival time at the user s PC as a timestamp Now suppose a study with a time aggregation of say 5 minutes which is embedded into a container study As soon as the final period of the embedded study is completed the sentiment provided by that period is published to the container study The difficulty comes with the question
54. becomes an integral part of the trading system The DySen SystemTester allows to simulate this whole adaptation process One starts with an initial study for an optimization period in the past The systemTester now optimizes the initial study for the chosen period After this optimization the computed sentimentor settings are applied on the subsequent x periods following the optimization period Note that these x periods were not part of the optimization hence this data is so called out of sample data The resulting signals within these x periods are executed by the SystemTester and the corresponding trades are recorded Now the optimization period is relocated for x periods in direction of the present and the steps optimization amp signal execution are performed again At the end of this walk forward simulation the resulting trades can be analyzed in terms of the equity curve performance report and trading report The optimized sentimentor settings of the underlying study for the respective optimization periods are stored in a database and can also be analyzed Thus the complex process Usage of a trading system with controlled adaptation becomes completely transparent and can be optimized itself 31 2 34 2 Starting the SystemTester The SystemTester is started through the menu entry Optimization SystemTester of the Designer dialog x Name TripleHit System using the Trendsignal TrpleHit approach Cr
55. c cece 133 243 Sig 1510168 ies Tampa SUY see A E 134 24 4 Exporting MetaSentimentors ccccccccccssecceeeeeeeeeeseeeeeeeeeseeeeseeeeeees 134 Ao An a A 135 24 6 Creating a New Script from an Existing Script cccceccseeeeeeeeeeees 135 r ale 2 Se a 136 Ae ae lite 11118 es Aso 2 eee eee ne ee eee eee 136 24 9 Starting Scripts from the Command line ce eeeceeeeeeeeeeeeeteeeeees 137 24 10 RatingBar atasrscesauscets env netscape stmaceisa eercayceras catenin saa antea eamaetaaaeuneeusmaneeen 137 24 10 1 The RatingBar 137 24 10 2 Violations of Trading Constraints cccccccccseecseeeseeeseeeeees 138 24 10 3 The RatingBar Context MenU ccccccccssececeeeeseseetseeseeees 139 24 11 Creating a Status Report ec cccccsceceeeeeeseeeeeeeeeeeeeeeeseeeeeees 139 A i eel 2d S gt ene ee ne ee ene eee eee ee eee 140 LTS Me 289 E eee 141 25 Manually defined Sentimentors cccceccsececeeeeceeeeceeeeseeeeseeeeseneesaaes 141 ee eR cede cee ater E 141 25 2 Editing a Manual SentiMe ntOl cece ceecccseceeeeeeeeeseeeeseeeseeeeees 142 25 3 Creating a New Manual SentiMentOr cccceececseeeeeeeseeteeeeeseeeeeees 144 25 4 Creating anew Manual Sentimentor from an existing 0cceee 145 25 5 Deleting a Manual Sentimentor cece ceeeeceeeeeeeeeeeeeeeeeeeeeeeeeeees 145 25 6 Adding a Manual Sentimentor to a Study ceccceeeceeeeeeeeeeeeeeeees 146 25 7 Manu
56. i 555 The Tries are a kind of pass counter that is increased continuously The bar and percentage display show the time effort already consumed until the stopping criterion will be met The field Improves displays the total number of encountered improved parameter settings The Try number where Q Trader found the last improvement is displayed in the Last improvement at try field top 16 4 19 4 Optimization History The lower part of the Optimize dialog shows a history of all found improved solutions By clicking on a row the corresponding setting becomes active and the charts signals statistics and Designer dialog are updated accordingly Hint If you make the complete loaded price data visible before you start the optimization the course of the optimization can followed visually Rightclicking into a row opens a context menu that allows to save the corresponding setting as a study Optimization of Meta Sentimentor Runtime 00 00 02 X Progress Current Best Rating Tries i 12 Ln total net profit total of trades Improves i winning trades Last improvement at try losing trades percent profitable a OU profit factor fo 60 eee Animation Stop after I Show All Tries max Triez jooo Show Parameters M Beep at improvement mas Time 00 00 06 E Start Close Confirm Close Evaluator Control Period Tail Period 1 17 20 Symbol Details
57. of restrictions When using filters an entry signal of the MetaSentimentor is executed only if it passes all filters i e for a long entry signal all filters need to show a sentiment of at least 65 and vice versa for short entry signals all filters must have a value of at most 35 Click on the toolbar button of the DesignerDialog s toolbar to open the Add sentimentor dialog select a sentimentor an click on the Filter button Bollinger Bands Candle Stick Dyn Momentum Idx Kaufmann s AMA Local Highs amp Lows Linear Regression f Display in MasterGhark f Display as subwindow in MasterChart window Display as seperate window Sentimentor Insert as El roon Bollinger Bands CLI Crossing MA MATCE RSI Stochastic Pivot Points Meta Sentimentor Express 4roonOscillator Directional Ind D1 Filters based on Manual Sentimentors can also be used to rule out trades at certain points in time e g before the expiration date of options or before quarterly reports The regions where all filters of a study show a long or short sentiment can be visualized in the chart This visualization allows to check at a glance at what points in time positions could be entered at all M Dynamite Sentimentor Amazon com File Portal View Window Tools Scripts Extras DrawingTools Help es RE Cheese m 7 ee 4 Mg Amazon com US AMZN Trend MasterChart Amazon
58. phases It starts with determining trends using the CCI indicator followed by searching for certain candle stick patterns A pattern is only taken into account if it occurs within the required trend IQ Trader uses some specific visualization techniques to make this two phase approach as transparent as possible Let s have a look at the following screenshot Candle Stick 26 75 75 1 1 1 1 1 0 1 1 5564 mee 5442 it 5319 ally iat cal 5197 ee SPN SR RE ETS 24 06 94 12 07 99 OF 4 OOS 17 08 99 First of all above the date axis red and green lines are displayed to indicate the current trend A green line is used for up trends a red line for down trends If no line is displayed we have a trendless phase When moving the mouse over the candle sticks Q Trader displays all recognized patterns in popup windows In case a pattern is not taken into account for generating sentiments the popup also displays the reason for this exclusion This might be because the pattern does not lie within the correct trend Candle Stick 26 75 75 1 1 1 1 1 0 1 1 pty aa 5442 ay in 4 5314 l Moming Star within wrong trend i Mu 4957 a 5197 04 06 99 16 06 99 29 06 99 12 07 99 22 07 99 H 17 08 99 5074 D obo 5564 or because the pattern has been deactivated in the sentimentor E ar 5442 if tt i 5319 obo 5564 5197 iy si Bearish Engulfing disabled in sentimentar
59. required By leaving the ScriptEditor with the Save amp Run button the script is saved and executed in one step top 21 2 3 24 2 3 Defining the Study Label and Standard Study For each processed security a script loads a corresponding study using the label defined in the script Study Label Study Settings Template Study sp efaultDysDirhtrading dys Browse Study Labet trading In the example given above for each security to be processed the script will load the study with label trading In case such a study does not exist for the security the template study trading dys from the subdirectory DefaultDys of the installation directory is loaded The loaded study will be optimized until the stopping criterion is met Finally the optimized study will be saved with reference to the security Whenever possible the name of a script the Default Dys File and the Dys Label should be the same to make the relations as clear as possible 21 3 24 3 Creating a Template Study To create a Template Study proceed as follows 1 1 Load an arbitrary MasterChart and open the Designer Dialog Choose a Trading Approach and Evaluator Adapt the Evaluator to suit your needs select the sentimentors to be used in this study oR wo N oe 2 aS Make sure the upper and lower bounds of the parameters of the sentimentors and trading approach have meaningful values This can be achieved most easily by choosing Sentimentors
60. signals in the accumulation period and thus produces an overall worse rating The Signal Filter settings let you overcome this effect Signal Filter Value only one signal per li 5 days Remaining Long Signals F Remaining Short Signals F In the example it is specified that within fifteen days at most one correct or wrong signal will be used for the evaluation This results in an optimal solution which is of much more interest 7202 4 BFOS 6127 5550 49ra 08 07 99 29 07 99 20 08 99 13 09 99 05 10 99 26 10 99 17 11 99 0912 99 04 01 00 26 01 00 Evaluation Points The evaluation assigns points to each generated signal Points per corect Long signal li comect Short signal i wrong Long signal 2 wrong Short signal 2 Best possible rating 25 Calculate In this example each correct signal generated by a sentimentor will be valued with one point whereas a wrong signal is valued with 2 points i e a wrong signal neutralizes two correct signals IQ Trader displays the best possible rating that can be achieved if all correct signals are found and no wrong signal is generated After changing the valuation points the best possible rating can be recalculated by pressing then Calculate button Resetting the Parameters By clicking the Reset button all evaluation parameters are reset to their initial values This allows for easy experimentation with investment goals valuation points and the filt
61. stop with a grey background Parameter Initial Risk Offset for the initial risk with respect to the entry price BreakEven Offset for the BreakEven level If set to 0 the BreakEven part is disabled i e the stop works just as a trailing stop 27 13 30 13 Trendline Stop A trendline drawn into a MasterChart as a stop provides a price rounded to the nearest multiple of a tick The stop price created through a trendline is used identical to those of all other stops 27 14 30 14 Trendchannel Stop A trendchannel drawn into a MasterChart as a stop provides a price rounded to the multiple of a tick When used as a Long Stop the lower line of the channel is used for the price computation because most often there should be an upward trend when trading long When used as a Short Stop the upper line is used 28 31 Accessing Price Data IQ Trader allows to access a number of price data bases directly Moreover it can read the price data from structured text files called quote files that can be created by most of the popular chart software by using their respective data export functionality In this document we will not describe the direct access of the German chart software such as Market Maker or Tai Pan Please refer to the German User s Manual The data source containing price data are configured with the Data Source dialog that can be started via the menu Extras Data Sources IQ Trader allows to ignore price data prec
62. table where each row represents a security with an optionally attached study The table displays and automatically updates the data for each symbol and the status of the studies z E E LiveTable k Do Apple Computer AAPL Trend close long Meta Sentimentor 137 24 02 08 02 02 08 02 Ariba n ARBA Trend 4 52 Short Profit T arget 3 19 Stop 4 91 F 226 04 02 06 02 0206 02 Eastman Kodak EK Trend Long at open next period 113 402 o2 14 02 02 14 02 GE Trend 36 00 close long Stop 36 68 Parabolic Stop 46 13 02 08 02 02 08 02 MO Trend 51 00 Long Stop 49 49 FerodsHighLow St 38 33 o2 12 02 02 14 02 HOO TripleHit 16 57 long Profit Target 17 23 Stop 16 40 36 00 02 14 02 02 14 02 Simulation rt_stand 23 36 Short Stop 26 23 Trailing Stop 16 642 02 26 1341 02 26 13 18 2 21 2 Opening a LiveTable The available LiveTables are shown in the WorkspaceBar below the entry LiveTables M Dynamite Sentimentor DAX D Fil Portal wiew Window Tool ie mer ARBRE Scripts H E Manual Sentimentors H E Simulation H a Fides H E MetaStock H E Quote Files A LiveTable can be opened by doubleclicking the entry in the WorkspaceBar or through the context menu Mi Dynamite Sentimentor DAX DCO3 FDAXDCO3 EUX Eile Portal View Window Tools Scripts Extras Dr e Oen Cge sS aam FE Fo Depots Ea LiveTables S Manual Senti gt Delete H E Simulation H E Fides en MetaStock In
63. the condition by a colon Finally a condition is ended by a semicolon An arbitrary number of conditions can be defined x Conditions have the following Pormat CONDITION SENTIMENT SENTIMENT Examples for Conditions CCI 90 and CrossingM4 100 or ASI 100 100 100 100 CCI O or CrozsingM 0 0 Delete T ext ICCI gt TO and CrosasingM 100 100 COT 30 and CrossingMA 0 ee Oe i Template k Select Remove Save Cancel Evaluation of the Conditions IQ Trader computes the Meta Sentiments beginning with the first bar the leftmost bar and then moving bar by bar to the final bar For each bar the defined conditions are checked in the order of their definition In case a condition is met then the sentiment defined for this condition becomes the Meta Sentiment and the subsequent conditions are ignored In case no condition is met for a given bar then the Meta Sentiment for this bar is set to 50 i e neutral Assigning Multiple Sentiments lf a condition is met that represents a strong signal then sometimes it is interesting to assign a Meta Sentiment not only for the given bar where the signal occurred but also to some following periods Thus a signal can be converted into a trading action even some bars after its initial occurrence in case the general condition like filters or confirmation prices are also met Using the notation lt condition
64. the mouse is indicating The Average Range and Average True Range are computed for the currently selected evaluation period as selected in the Designer dialog The Range as used for the computation of the Average Range is the quotient of the high and low of the period expressed in percent The True Range enlarges the trading range by taking the close price of the previous period into account It is defined as the maximum value of the subtraction e current period s high minus current period s low the Range e current period s high minus previous period s close e previous period s close minus current period s low 4 2 7 2 The Sentis Page A major characteristic of Q Trader is the fact that the reason why a signal has been generated can be verified by the user This results from the fact that a signal is generated exclusively because of the sentiment values generated by the applied sentimentors In order to make the signal generation as transparent as possible the Sentis Page displays the respective sentiment values of the sentimentors applied in the current study for the date the mouse is indicating InfoBar Cisco Systems US CSCO Trend 2 x Sentimentor Senti weighted Value Filter CT 100 00 143 79 Meta Sentimentor ooas0 MAaspan l a kaufmann s AMA 100 00 33 33 12 80 RSI 50 00 16 67 zme MAC 100 00 33 33 1 20 Data Sentis Eval The Meta Sentimentor is built by computing the weighted sum of the sentimentors Therefo
65. the opening price of the bar following the signal bar plus slippage and commission A stop signal is either triggered by a stop or by a profit target In a given bar potentially both stops could be triggered As Q Trader cannot determine the real sequence of ticks in that bar it always simulates the trades to the disadvantage of the trading result i e a stop signal takes precedence over a profit target signal Signal execution Sentinent Enter Signal Confirmation price next bar Execution of stop signal Immediately g immediately 4 Close same bar h Open next bar Signal Execution Explanation Immediately In case the current bar reaches the stop or the profit target the position is automatically closed at the trigger price plus slippage and commission In case the stop or the profit target is reached at the opening of a bar the position is closed at the opening price plus slippage and commission Sentinent E sit Signal Close same bar To determine whether a stop or a profit target has been reached the close price of the actual bar is taken In case a signal is triggered the position is closed at the close price of the actual bar plus slippage and commission Open next bar To determine whether a stop or a profit target has been reached the close price of the actual bar is taken In case a signal is triggered the position is closed at the opening price of the next bar plus sli
66. 0 3 23 3 Using Live Recording The Live Recording allows to capture not just the incoming ticks but also changes in the order book To start Live Recording for a MasterChart choose Start Recording from the context menu of the MasterChart Bg Simulation TradeGuard MasterChart loj x Simulation SpeedTrader hx 575 4 Ft NESS A i 5955 H Speed Trader Time amp Sales MarketProfile Start Recording 5953 Conyverk zoom bo Save Study s250 5945 5 ag Save Study as Seng 5945 0 84 l e l 5944 0 45 Save as Template Study Remove all drawing tools Detach Chart From Main Window 5943 i 5943 0 16 To stop the Live Recording open the context menu again and choose Stop Recording Dynamite Sentimentor x The data has been saved with the title Simulation 27 06 07 09h21 09h22 OB Please see the PlayBack Folder in the WorkspaceBar To indicate that the recording includes the order book data the title of the recording carries the extension OB 20 4 23 4 Playback of Recordings A recording equals in all aspects a standard security except that its available data is predefined So you can assign studies to it and of course trade it in the PaperTrading You can also load multiple studies simultaneously they are all fed with the same data By loading a study for the PlayBack the saved historical data is immediately loaded and the
67. 10 O DO k k KR lo 4 4 a M IO D ID Q e O I J I gt D o 5 o lo N P O 31 Accessing Price Data eeicccteccecscisresccdeansanciawersctens 31 1 Accessing FIDES data cecceeceeeeeeeee 31 1 1 Defining Favorite Symbol Groups 31 1 2 Defining Favorite Lists c eee 1 2 Accessing MetaStock data ccececeeeeeeeees 1 3 Accessing Quote Files 0 0 0 ccccceecceeeeeeeeeeeees Filename of a Quote File eee Renaming Quote FileS cccceeceeeeeeees Structure of a Quotes File Line Q oO 0 i Go Se ell Q NO 6 0 ne Go oO oO a oO D The Date Format cccccccceccececceccccecees oO oil Go O1 The Time Format cccccccceccececeececeenees 6 The Number Format cc ccccceceeeseeees 31 3 7 Missing Values cccccceccseeceeeseeeseeeees Accessing Reallick Data cccceceseeeeeees Accessing eSignal Data ccccccccsseeeeeeeeeees Accessing CQG Data cccceccessseeecseeeseneeeees Using the DDE interface ceccceceseeeeeeeees Simulation of Realtime Data cceeeeeee 32 some Specifics when working with realtime data OO h w a e wo oo ee O1 oOo O Q A NI oO k 0 34 Bot SN NS E E E 221 Pide U EERE E EA E 222 Process Priority ene nose 222 Ignore Data iS wcessicxesesestewsncstcnanseshe
68. 121903 14 3915 14 3915 a Fides 42M 7mMA4 14 46 54 17 9R 44 a on My Futures Bund go 03z3 Forex 1 Min f ESZ3 ESZ3 Bollinge E t JESZ3 E 1043 75 oi Last Exit bA BreakOut Minis 1043 00 682 i 5PZ3 Nasdaq 1043 40 1043 25 381 E t DAX DCOS 1043 25 1043 00 681 LA Watch 5 amp P T3 1043 25 381 I Euro STOXX 50 DCO3 Stoxx50 1043 00 678 1043 00 1043 25 1 t Euro BUND DCO3 A 7 NASDAQ 100 H E Index DAX 30 Xetra 4 Index DAX Futures DJ Stoxx 50 Futures 4S Hang Seng China Enterprises Inde ASQ Licensed Symbols 3 MetaStock 3 Quote Files 1042 80 1042 60 1042 40 1042 20 1042 00 1041 80 1041 60 16 54 1041 50 10 21 17 11 17 21 17 32 NewsBar Date Time Headline 10 21 03 17 28 SPORT Tennis Behrend erreicht zweite R 10 21 03 17 28 European govt bonds firm in afternoon tra 10 21 03 17 27 Aktien Moskau Schluss Yerluste Gewinnir w E Els he Saves the window positions as layout O 3565 0 C 3566 50 H 3567 5 L 3565 0 73 Span European govt bonds firm in afternoon trade on bout of short covering 0 1 When selecting Define Start Page the following dialog shows up allowing you to define what page to show when Q Trader is started Page Manager xj On Program start load automatically the Following page Empty Fage Reconstruct state From last exit Bund h Forex Last Exit Minis LONDON AFX European j 4 1043 25 1043 00 1043 25 1043 00 1043 25 1043
69. 17 34 Optimizing the Active Sentimentor To start the optimization for the active sentimentor use the Optimize of the Designer dialog Amazon com us AMZN 1D Tre Aggregation k Approach Optimize the active Sentimentor with TabuSearch Optimize will start an optimization algorithm relying on the so called Tabu Search This is a very efficient heuristic optimization algorithm allowing to compute near optimal solutions even if the number of possible parameter combinations is enormously large When applying an exhaustive search through the menu entry Optimization Exhaustive the parameters of the current trading approach are fixed to their current value Q Trader will then evaluate the active sentimentor for each possible parameter setting This approach should only be used if the number of feasible parameter combination is rather small lt 1 million lf Q Trader encounters two parameter combinations which result in the same optimal evaluation it will Keep the combination that produces a signal nearer the present The best results are obtained when using Tabu Search to optimize the Meta sentimentor It is not necessary to find an especially good starting parameter setting manually usually Tabu Search will find a much better setting in less time However the result of an optimization should be stored and can then serve as a Starting point for subsequent optimization runs In case the sentimentor to be optimized is a
70. 27 5 Interpretation Scheme Support Resistance Interpretation for Support Resistance Line x Sentiment Series starting at E vent event perad e g 100 90 1 Entering Resistance Zone B 2 Staying in Resistance one 25 3 Crossing above Line 100 4 Staying in Support one 75 5 Leaving Support one En 6 Entering Support one 5 T Crossing below Line ee 8 Leaving Resistance one Bo Template kd Select Remove Save 25 28 Parameters of the Sentimentors 25 1 28 1 Meta Sentimentor The role of the Meta Sentimentor is the computation of the overall sentiment based on the individual sentimentors constituting the study To do this Q Trader provides two different mechanisms e the computation of a weighted average of the sentiments e the free definition of the Meta Sentiments based on simple logical expressions if then conditions 25 1 1 28 1 1 Meta Sentiments as Weighted Average Computation First of all the weighted sum of the sentiment series of the sentimentors is computed The weights to be used are defined by parameters Then a moving average MA on the weighted sum is computed Parameter Smoothness Span speed of the MA per sentimentor the weight to be used for computing the weighted sum Interpretation The moving average is the resulting sentiment series that will be used for generating signals by the trading approaches 25 1 2 28 1 2 Free Definition of the Meta Senti
71. 329 5 o4 10 03 329 50 327 30 TecDAX PI 26 30 D close short Meta Senti 041103 607 13 300 57 EST 50 KI 0 00 Add RatingTables none none zagr gtr 3h LIS 0 00 none none 132 76 Trendi 10 21 03 17 45 55 9 Trend il Delete Page The corresponding functionality is as follows Open loads the study same as doubleclicking the row Print prints the RatingBar contents View in Browser displays the RatingBar contents in a browser this allows to cut amp paste the table e g to send it via email Add Rating Tables More result reports from previous script runs can be loaded To switch between loaded reports use the tabs at the bottom of the RatingBar Delete Page Deletes the displayed report from the RatingBar Delete all Pages Deletes all reports from the RatingBar 21 11 24 11 Creating a Status Report Often one just wants to have an overview of the current status of some securities without applying an optimization Such an overview is called a status report When creating a status report the script loads subsequently the quote files and their respective studies Each study is evaluated without optimizing it and the result is taken into the status report Depending on the personal strategy a once optimized study can be left unchanged for a longer period After a quote update it has to be checked whether the new quotes led to new signals This can be done most easily by just creating a status report To create a status report
72. 7 10 14 30 20 10 12 31 Wj Dynamite Sentimentor DAX DCO3 FDAXDCO3 EUX 1 Min f Watch Future Trading File Portal View Window Tools Scripts Extras DrawingTools Help dan SCBaseean8 28 x Gd fed a amp MGDAXDCO3 FDAXDCO3 EUX Watch MasterChart J Depots a J LiveTables 3 Scripts 4 Manual Sentimentors 4 Simulation J eSignal J Fides My Futures A D3z3 H I ESz3 LA Bollinger bA BreakOut it sPz3 i Dax pcos Min DAXDCOS FDAXDCO3 EUX Watch Deb Bebe EP ea i Euro STOXX 50 DCO3 If Euro BUND DCO3 44 NASDAQ 100 4 Index DAX 30 Xetra J Index DAX Futures A FDAXINO4 EUX S i DAX DCO3 LA Watch A DAX MRO YPM XNTEDDALTAS E090 vd b uw L gou m LU H DJ Stoxx 50 Futures H 4 Hang Seng China Enterprises Index 1710 15 13 a anna A A Licensed Symhnls bs Load Price Data starting at 4 gt A 17 10 03 Fri 15 57 data 3571 0 y 3504 5 O 3572 5 C 3571 00 H 3573 5 L 3569 5 256 Span 0 1 In case the examined security is an end of day security the following dialog will pop up Price Data Ignore price data before 01 01 1995 Get System Default Cancel Besides the plain convenience for the visualization this setting is also extremely important to reduce the computation time for evaluating and optimizing studies as Q Trader has to compute the sentimentors on the whole available data
73. 70 912 87 10912 87 06 08 99 buy o nse 20 5 31 08 99 11800 00 03 09 99 buy 91 128 77 22 27 07 10 99 2210 99 buy 104 130 51 2579 f 21463 05 06 01 00 buy ny 18178 40 4 07 04 00 41363 38 17 04 00 buy 192 214 10 7810 08 05 00 10 07 00 200 38 78 43 0 26 07 00 93 00 7495 07 48900 99 14 22 17 22 Evaluation Time Periods 14 22 1 17 22 1 General Notes IQ Trader allows to partition the loaded price data into three time ranges that are specifically interesting when developing automated trading strategies e Optimization Time Range The price data inside this range is the primary basis for an optimization IQ Trader maximizes the chosen optimization goal e g the net profit on this data Restrictions can be used in the optimization process to rule out systems that show unwanted characteristics like a too large drawdown e Control Time Range The control time range is used to check the results of a parameter setting found in the optimization range on unknown data Restrictions can also be defined for the control period that have to be obeyed in the optimization process As an example the optimization time range could be optimized for a maximal net profit and a restriction could express that the profit factor in the control time range should be at least 1 5 e Tail Time Range Out of Sample Data In contrast to the control time range that influences the optimization process indirectly
74. ASCII price data files have been activated Traverse the hierarchy of the WorkspaceBar until you come to the security to be loaded All studies that have already been created for a security are displayed just below the security Pa Dynamite Sentimentor Fil Portal View Tools Scripts Extras Help eet CBAeasan WorkspaceBar Ese Depots H E LiveTables Speen Scripts H E Manual Sentimentors H E Simulation H E eSignal Fy Fides Sen My Futures one I DIZ3 EAR be Bollinger Beses LA BreakQut bo bee D SPz3 BN Dax bcos ft Euro STORY 50 DCOS fA Euro BUND B03 SS NASDAG 100 o BA Index DAX 30 Xetra Seon Index DAX Futures HE JFDAXINO4 EUX ORI Dax bcos of DAX MRO4 Sy OJ Stoxx SO Futures H E Hang Seng China Enterprises Index 3 Licensed Symbols Sy Africa j America AS Brasil OEMS usa Speen America Stock Exchange SS NASDAQ AS NASDAQ Small Cap BS New York Stock Exchange H E USA Futures Sy sia Sy Europe Sy Forex Sy Indices Say xx Sy MetaStock H E Quote Files It make sense to create or configure studies individually on a per security basis to reflect characteristics specific to the individual securities Initially there are no studies assigned to the securities so you will start with a template study By rightclicking on a security a context menu pops up that gives access to the available template studies Wa Dynamite Sentimentor File Portal View Tools Scripts Extras Help s D
75. Aggregation dialog allows to define a number of periods of the MasterChart that are to be summarized to make up a period for this sentimentor Sentimentor Aggregation l xX Aggregate any E E Periods of the MasterChart to one period for this sentinentor Cancel No Aggregation By applying this technique a study may rely on multiple time frames e g 1 minute MACD 3 minute RSI and a 60 Minute CCI Q Trader takes care for automatically mapping the sentiments and synchronizing the signals 14 29 17 29 Sensitivity Analysis 14 29 1 17 29 1 General Notes For the evaluation of a given parameter setting i e all the parameters visible in the Designer tableau it is quite interesting to get information about the sensitivity of these parameters In other words How much does the objective function e g the net performance vary if a parameter is slightly changed The rationale behind this question is the assumption that the higher the sensitivity of the parameters the less likely it is that this setting will work on unknown data IQ Trader can compute and visualize the sensitivity automatically by using the following algorithm Starting from the initial parameter setting each parameter is changed subsequently in a range from 10 step size initial parameter value up to 10 step size initial parameter value and the new value of the objective function e g the net performance is computed A step size equals t
76. Dax Juni 28 6 31 6 Accessing CQG Data To activate the CQG access choose Extras Data Sources from the main menu select the CQG page and proceed as follows Data Sources Sl Quote Files Market MakenwiSoT eleBborse Tai Pan MetaStock RealTick b i s Consors Trader Tai Pan AT CoG DDE Simulation W Activate COG 1 p BS 4 ripples 3 iiile J si Odd 5 t ae D aimle Chrysler sales a Dax Future Delete Security H Dow Jones Index Euro UsD Edit Security a Microsoft i Memax 50 Add Folder Delete Folder E dit Folder A Abbrechen liberretimen Activate the DySen access to CQG 2 DySen lets you organize the securities you want to access into folders A Samples folder is part of the distribution New securities are added to the highlighted folder b Click the Add Security Button to define a new security The following dialog will pop up DDE Add Security Delay o minutes Symbol o WEN optional Cancel e e Name is the symbolic name used for this security inside DySen e e Service Topic Item are the values used by the Windows DDE protocol to communicate with CQG Fill out these entries as you would do with any other access to CQG based on Windows DDE e e Delay is the difference between the CQG LineTime and your local time in minutes For Germany this is 7 hours 420 minutes e e Symbol or WKN is optional and used by DySen for providing so
77. E 3 Hang Seng China Enterprises Index Licensed Symbols H E Africa America FS Brasil E usa ag America Stock Exchange ci NASDAQ E NASDAQ Small Cap H New York Stock Exchange USA Futures H E CBOT Futures H CBOT Futures Indices c a CME Futures Bem PIndex Nasdaq 100 3 Index Russell 2000 H Index S amp P 500 4S Int Rates Eurodolle Int Rates Eurodollz 4S Int Rates Libor i 13 CME Futures Currencies H 4S CME Futures Globex H E COMEX Metals H pee NYMEX c 7 Asia Send to LiveTable d X Add to favorites FS Refresh WorkspaceBar 28 1 2 31 1 2 Defining Favorite Lists Wa Dynamite Sentimentor 5e Portal wiew Tools Scripts Extras Help s med Haeaeasar aa Works spaceBar H Simulation 5i a Fides H My Futures H Chee NASDAQ 100 H E Index DAX 30 Xetra H E Index DAX Futures ce DJ Stoxx 50 Futures I ASQ Africa a ra America E ASQ Brasil i ra USA H E America Stock Exchange eH A NASDAQ E NASDAQ Small Cap H 3 New York Stock Exchange H E USA Futures H E CBOT Futures E CBOT Futures Indices Et a CME Futures E Index Nasdaq 100 H E Index Russell 2000 H E Index S amp P 500 H Int Rates Eurodollar E 4S Int Rates Eurodollar Globex H E Int Rates Libor B iv CME Futures Currencies H E CME Futures Globex H E COMEX Metals H E NYMEX You may also create your own symbol lists by choosing New from the Fides context menu M Dynamite Se
78. If this field is unchecked then any trade is entered using at least the minimal invest even if the capital becomes negative Using the Calculator it is very convenient to compute the shares to be bought for a given capital and security price 15 2 3 18 2 3 The Warm Up Phase Because of the slippage and commission a freshly opened trade will always be a losing trade Thus if a trade is opened near the present it will influence the overall performance negatively As the optimization tries to maximize the overall performance it finds a parameter setting that gets rid of this trade However opening signals very near the present are the most important ones For this reason Q Trader allows to define a so called warm up phase near the end of the evaluation period i e if a trade opened within a number of days preceding the end of the evaluation period is still a losing trade then it will not be taken into account for computing the overall performance To view such a circumstance immediately Q Trader visualizes such a trade as follows The final trade was opened in the blue colored warm up phase The equity curve is drawn in this region with a dotted line to indicate that although we would have a decrease of the equity at this point in time the decrease is not taken into account for the overall performance calculation The blue warm up phase in the Equity Window is only drawn if there is a non closed losing trade within that time
79. Minute loads 5 days 1 Minute loads 5 days 1 Minute loads 5 days Next_Generation_Trend_Follower 1 Minute loads 5 days 1 Minute loads 5 days 1 Minute loads 5 days 1 Minute loads 5 days 1 Minute loads 5 days 1 Minute loads 5 days 1 Minute loads 5 days 1 Minute loads 5 days 1 Minute loads 5 days 1 Minute loads 5 days Minute loads 5 days 1 Minute loads 5 days If you have installed a so called MAPI email system e g Microsoft Outlook you can email a study directly from within Q Trader To do this just open the context menu by right clicking on the study to be send and choose Senda friend M Dynamite Sentimentor Adobe Systems US ADBE Fil Portal View Window Tools Scripts Extras Drawir e meg CHEE RAM E H E Depots H E LiveTables H E Scripts H a Manual Sentimentors H E Simulation Fy Fides By My Futures A I iDIZ3 Ee Esz La BreakOu Open 1 Minute loads 2 days E E DAX DCOS EA Send a Friend 3 i Euro STORY Easg E Crypt OO io beh Euro BUND O o E NASDAQ 100 fF 43 Index DAX 30 K S Index DAX Futu Refresh WorkspaceBar The message editor of your mail program will come up having the selected study already attached to the message 14 7 17 7 Encrypted Studies IQ Trader allows to encrypt a study so studies may be exchanged with other users without providing the internal knowledge and research efforts
80. OS g Workspac k ar eq pe ogge WorkspaceBar Portal wiew To show a hidden bar use the View menu or the respective toolbar button 1 2 4 2 Folding and Enfolding Bars Every Bar used in Q Trader contains a pin M Dynamite Sentimentor File Portal View Tools Scripts Extras 2 BEB HE aE te Ea H E Depots H E LiveTables H E Scripts H E Manual Sentimentors Sy Simulation Sy Fides H E Quote Files When clicking this pin the Bar will fold in and the main window will display a tab representing the Bar Mi Dynamite Sentimentor File Portal View Tools Scripl E Re BSH 3 Faza i T pai E T mn a ws When pointing with the mouse on the Bar it will fold out M Dynamite Sentimentor File Portal wiew Tools Scripts Extras Hell e Daa HES n E mam nE Depots H 9 LiveTables H Scripts Sa Manual Sentimentors H E Simulation 1 Fides 3 Quote Files egazedE yoy tl To make the Bar permanently visible click again on the pin This technique is used for one main reason saving screen space No matter how many monitors you have screen space still remains a very rare resource IQ Trader provides some more techniques to save space 1 3 4 3 Repositioning a Bar Every Bar can be positioned freely by dragging its blue title bar ad Dynamite Sentimentor loj x File Portal Yiew Tools Scripts Extras Help e anos m S FE aed al BF od e iA eE A Worksp
81. R PSAPEUG45CG51203 EUR Stock Option FROOO1500810 00825 PAR PSAPEUGSOCSG1203 EUR Stock Option FROOO1500828 02425 PAR PSAPEUGEO40CSG0903 EUR Stock Option FROOO1502428 E Right Frame Current Symbol f x ace RealTick Symbol Original Ticker Company Name ISIN Nummer Currency Exchange RealTick Security Type Data provided by FIDES Information Semices Zuerich WwW FIDES CH by TOFF Consulting amp Finanz GmbH Wy TOFF CH IFEED details Left Frame Show Details ireep swiss us ISAPSPO3 LIF C iFeeon swiss us Sorry No US details aviable SAPSPO3 SAP SPO3 FNIA EUR E E E The red marked Current Symbol field can be dragged and dropped into the Symbol List Editor 28 2 31 2 Accessing MetaStock data To activate the MetaStock data access please checkmark the Activate MetaStock checkbox Now select the MetaStock directories to be shown in the Q Trader WorkspaceBar by clicking the button Add Directoy Usually you will select a directory that contains MetaStock data but it is also possible to select a normal windows directory that contains MetaStock data in its subdirectories With you can remove a directory from the list With entered manually Data Sources X Quote File Settings MetaStock Settings Market Maker Settings Tai Pan W Activate MetaStock Data Add Directory MetaStock data root directories a Ke The specified directories and
82. RS le el BA Min f DAS Future O03 846959 Container Study SAP 0 1 5569 qj Study DAX 0 1 5865 00 j Study SP 5560 Study Dk Telekom Ma Study DaimlerChrysler MA 5855 Study DAK 5050 172 39 5540 5035 5532 4 22 02 16 20 16 35 16 50 17 05 lias a ii Study DaimlerChrysler NA 0 1 OA Future 0603 Contai avsa e ae ii 47 40 Co 4704 22 02 16 20 16 35 16 50 17 05 Iis ia Min f Study Dt Telekom N 00 1 DAS Future O603 Container T Jai pT Boe 7 met T 13 23 lt 4 _ 22 02 16 20 16 35 16 50 17 05 Ies A Data Sentis Eval 22 02 06 Wed 17 20 data 5667 0 y 5654 4 G 5003 5 0 D6670 H 5869 0 L 5659 0 wiar a0 Span 0 17 Note that the InfoBar on the Eval page allows to see the prices of the embedded price charts below the mouse position at a glance 26 5 29 5 Parameters of the Study Sentimentor The parameters of the Study sentimentor are ignored if only the price chart is displayed As opposed to all other parameters of the available sentimentors the parameters of the Study sentimentor are not altered within an optimization Hence it is not necessary to define them as constant prior to an optimization When embedding a real study the parameters have the following meaning 26 6 29 6 Parameter Sentiment Mapping This parameter defines how to map the result of the embedded study into the container study Two mapping styles are supp
83. Refresh WorkspaceBar F5 The message editor of your mail program will come up having the selected script already attached to the message 21 9 24 9 Starting Scripts from the Command line IQ Trader allows to start scripts from the command line This allows to automate an update of the quote files and a subsequent optimization The syntax for running scripts from the command line e g MS DOS Command Prompt is as follows dysen exe script lt script_l dsb gt asa lt script_n dsb gt The script files must either be specified using the complete pathname or relative to the execution directory Example dysen exe scripre C Programs Fiperrtec 10 Trader Scripts trading dsb top 21 10 24 10 RatingBar At the end of a script run Q Trader presents a results report in the so called RatingBar RatingBar x Mame Ratin Last Signal LS Type Last Confi L5 Quote Act Quote Act Trade KONTRON 462 58 36 32 O41103 Short Stop 3 00 Para 0411 03 3 00 3 00 2 07 ELMO S Semicond 411 51 63 67 oyoo close short Stop 4 70 0411 03 4 79 5 94 nja EYOTEC OAI 362 43 37 28 0408 03 Long fStop 2 06 Brea 0411 03 2 15 2 44 20 20 Mobilom 341 30 37 30 OFf0903 close short Meta Senti O4 11 03 3 41 3 70 nia LION Bioscience 326 08 21 10 0409 03 LongiStop 3 65 Brea 0411 03 4 15 3 88 4 76 France Telecom 266 79 25 12 03 28 03 close short Stop 18 09 O4 11 03 18 70 20 00 nia Juniper Network nk Ae 29 35 OFf09 03 ch
84. Reset All from the Sentimentors menu of the Designer Dialog You may now change the parameter bounds according to your taste 6 6 Choose the start date for the evaluation period 7 7 Finally click FilelSave As Template Study and store the study using a meaningful name 21 4 24 4 Exporting MetaSentimentors In the process of running a script the MetaSentimentors of the processed studies can be exported by activating the check box Export MetaSentinentors for inclusion in other studies l The filenames used for storing the MetaSentimenors are of type security name study label sent The files are stored in the directory Exported Sentimentors below the installation directory 21 5 24 5 Creating a New Script To create a new script start rightclick on Scripts in the WorkspaceBar and select New from the context menu Mi Dynamite Sentimentor 5 amp amp P File Portal View Tools Scripts Extras e oer be fe Say Depots poera i Cs a Bep Refresh WworkspaceBar F5 S Ee i The ScriptEditor comes up with an empty script Now enter a name for the new script e g DySen Script Editor Mame Future Trading fi Files amp Quote File Patterns mooo Now complete the entries in the script as described above and save the script using the Save or Save amp Run button Dyg File Settings Default D ys File fsp efaultDvsDir Future Trading dys Dys Label
85. SENtiMeNtOl ce cecceeeeeceeeeeeeeeeeeeeeeeeeeeeeenes 17 28 Aggregation of a Sentimentor Multiple Time Frame 17 29 Sensitivity Analysis 0 0 ccc ccececceeeeeeeeeeeeeeeeeeeeeeeeaeeeseesseeesseeetas TeS CONS 0 gt ene 17 29 2 Sensitivity Analysis of a complete Study cccccsseeeseeeeeees 17 29 3 Sensitivity Analysis of a SentiMentOr ccccceeeceeeeeeeeeeeees 17 29 4 Sensitivity Analysis of a Parameter ccccceccesseeeeeeeeeeeeeeees 17 30 Trade Histogram cece ceccceccceececeeeceeceeeeseeesaeeseueeseeeseeessueseeeesaees 17 41 AGG a Senimentoras a FING ccisscisscssscasassavsncaseanenvanseasmeashoaswsns 17 32 Adding Stops to a study ese scene cation pccestewavenegexewexsdexpeexeSexesexssaxenexes 17 32 1 Adding a Time Price based Stop ccccccsseeeceeeeseeeeseeeenees 17 32 2 Adding a Sentimentor as a Stop cecccceccssseeceeeeeeeeeseeeeeees 17 33 Deleting a SENtIMENTON cc ccccccseeeeceeeeeeeeeeeeeseeeessaeesseeseaeeeas 17 34 Optimizing the Active Sentimentor nannnannonnoannoannonnnnnnnnnernnnnnnne 17 35 Optimizing the Active Paramete l cccccccccsecseeeeseeeseeeseeeseeeesaees 17 36 All Exhaustive Optimization ccccccccceeeceeeeeeeeeeeeeeseeeseeeeseaeeeas 17 37 18 18 1 2 1 h 1 CO N h Sei NO NO Freezing Charts Evaluator Settings DUGU nrinn ee The Trendsignal Eva
86. Stop or a Filter then the MetaSentimentor and thus all building blocks of the study is used for computing the signals However only the parameters of the sentimentor to be optimized will be varied In case the sentimentor to be optimized is a normal sentimentor i e nota Stop a Filter and not the MetaSentimentor then only the sentiments of this sentimentor are the basis for the signal generation The Stops and Filters are applied on the sentiments of this sentimentor top 14 35 17 35 Optimizing the Active Parameter By choosing Exhaustive Search for Active Parameter from the context menu of a sentimentor the active parameter can be optimized separately The MetaSentimentor and thus all building blocks of the study is used for computing the signals However only the active parameter will be varied 14 36 17 36 All Exhaustive Optimization With Optimization All Exhaustive an algorithm can be started which executes the Exhaustive algorithm sequentially for each sentimentor except the MetaSentimentor Because this procedure might take a very long time the interruptible Script viewer is used to execute it 14 37 17 37 Freezing Charts lf the Designer Dialog is targeted to a realtime security it will include the Freeze Chart Checkbox DAXDCOS FDAXDCO3 EUX 1 Mint Watch ia E File Sentimentors Optimization Window eS BS a x iy Aggregation Approach Minutes fix Future Trading E Stop Click S
87. Support 2 P PDH PDL Support 3 2 P PDH PDL Parameter Span speed of the MA Support Delta absolute price value for defining the support zone 0 no Support zone Resist Delta absolute price value for defining the resist zone 0 no resist zone Interpretation Scheme Support Resistance whereby the MA is used for generating the signals 25 2 23 28 2 23 Point amp Figure The Point amp Figure technique transforms the given price data in a specific way in order to just show significant price moves Parameter Box Size Defines the size of a box In case this value is given as a positive number it is interpreted as an absolute price value A negative number is interpreted as a percentage Reversal Amount Required minimum change in boxes in order to signal a trend reversal HiLo Close Defines if the boxes are calculated based on the High Lows or on the Close price Choose 0 for High Low choose 1 for Close Interpretation The interpretation can be defined through the Point amp Figure scheme Interpretation for Point amp Figure i Xx Sentiment Series starting at Event event pernod e g 100 90 1 Start of column E5 2 Continuation of amp column Jes 3 Double Top 100 4 Start of O column 35 5 Continuation of O column 35 6 Double Bottorn o Template Select Remove Save Cancel 25 2 24 28 2 24 Renko The Ren
88. To embed a study simply choose the Study sentimentor from the Add Sentimentor dialog Add Sentimentor J i x Favorites gt Study Bollinger Bands Crossing MA MACD RSI z RSIl smoothed Meta Sentimentor n Slow Stochastic ie Trailing Kop Trailing Stop EoP Stochastic Click Stop study is Click Target gt SUppPOr Resistance Intraday BUND Volume Moving Average few williams YAD H Stops E Express Display in MasterChart Display as subwindow in MasterChart window Display as seperate window Insert as Sentimentor Filter Stop Cancel Jape Pees GOA Ser WS illl After adding the Study sentimentor a selection dialog will automatically show up x H E Simulation H E Dde Sy FidesHistory H E Quote Files Pats WHS fy AEX fy CME fq eCBOT FS ENXT_PAR H E Liffe HE NYMEXCP Eurex E FDAK tt FDAX MAROG hel Embedded lv TradeGuard i FDA JUNOB f t FDA SEPOB E FESH H E FGBL H E FGEM H E FSM Cancel Just highlight the study to be embedded and click OK To change the study assigned to a Study sentimentor doubleclick on it in the Designer Dialog and the selection dialog will show up again The table of the Designer Dialog will be displayed in yellow if it is embedded into another study This is to make the trader aware that changing the settings of this study might lead to a new signal in the container study which might be directly send to t
89. Up from above sentiment value 35 close lt bandDown sentiment value 25 close crosses bandDown from above sentiment value 0 otherwise sentiment value 50 25 2 4 28 2 4 CCI Channel Commodity Index Computation 1 X High Low Close 3 the so called significant quote 2 MA X Moving Average of the significant quote 3 SX abs X MA X abos Xi 1 MA X abs Xi n 1 MA X t n standard deviation of the significant quote 4 CCl Xt MA X 0 015 sX Parameter Span Parameter n used in the computation Threshold Up Trend CCl threshold indicating an upward trend Threshold Down Trend CCl threshold indicating an downward trend Interpretation CCI crosses the Threshold Up Trend from below gt sentiment value 100 CCI crosses the Threshold Up Trend from above gt sentiment value 40 CCI gt Threshold Up Trend gt sentiment value 75 CCI crosses the Threshold Down Trend from above gt sentiment value 0 CCI crosses the Threshold Down Trend from below gt sentiment value 60 CCI lt Threshold Down Trend gt sentiment value 25 Otherwise sentiment value 50 25 2 5 28 2 5 Channel Breakout Computation First of all a moving average MA of the close quotes is computed Then the highest and lowest quotes per period are determined Parameter Smoothness Span speed of the MA Period Length length of the period fo
90. When is the period finished There are essentially two ways to decide that question 1 1 Wait until a tick with a time stamp arrives having a timestamp beyond the required end of period i e a new period is created by that tick 2 2 Check the time of the PC against the required end of period time Alternative 1 has the problem that it might take some seconds after the real end of the period until a new tick arrives Hence the publishing of the sentiment has a delay and will overwrite the sentiment of the container study that was used for that period until the new sentiment is computed Note that this might lead to a change in the signal in the container study Alternative 2 works perfect whenever the live feed uses the local PC s timestamps as Patsystems does A sentiment is published immediately into the container after the PC s clock signals the end of period Note however that when the live feed uses the exchange provided time Stamps ticks might arrive with a delay at the user s PC and thus might fall into a period that was already assumed to be completed and hence the sentiment of that period was already published Now in a pathological case the delayed incoming tick which will be put into that already completed period might change the sentiment of that period and hence also a potential signal in the container study that was based on the original sentiment Overall as Alternative 2 works perfect in many s
91. a study select the FI button from the toolbar The following dialog will pop up a Display as seperate window Sentimentor Filter Stop Ins Standard Shops Express External Manual Filters Exported Favorites Aroon Bollinger Bands CLI Crossing M MACD RSI Stochastic Pivot Points Meta Sentimentor Express 4roonQscillator Directional Ind D1 Display in Masterthart Display as subwwindow in MasterChart window ert as The left part of the dialog shows a structured view of all sentimentors available at your system The right part shows your favorite sentimentors e g those sentimentors that you access most frequently This list can directly be accessed by clicking the small down arrow to the right of the sentimentors tool bar button Bollinger Bands CCI Crossing MA MACD RSI Stochastic Pivot Points Meta Sentimentor Express 4roonscillator Directional Ind D1 When a sentimentor is selected Q Trader enables or disables the modes how the sentimentor can be added to the study e g a normal sentimentor can added as a sentimentor a filter or as a stop EF Standard z Crossing MA ao Directional Ind DTi Dyn Momentum Idx Kaufmann s AMA Local Highs amp Lows 2 Linear Regression x MACO C Display in MasterChart Display as subwindow in MasterChart window Display as
92. aceBar ax E J Accounts H E LiveTables H E Scripts Manual Sentimentors 9 Simulation H Dde Fides E J Quote Files q Ready Whenever a bar is dragged Q Trader displays docking markers that indicate where the bar could be docked Simply drag the bar onto a marker and Q Trader shows visually the resulting positions Be fi ye jei pn pim jp TTT sD Casale Vale ike eee ee l Ma be isd a 4 eee ipie an jj tree Tbk 1 4 44 Resizing a Bar lf two bars are positioned over or next to each other their respective size can be changed by moving their common border Dynamite Sentimentor File Portal wiew Tools Scripts Extras g mead HOE mE H E Depots Sy LiveTables Sy Scripts Sy Manual Sentimentors H Simulation H Fides H E Quote Files Sentis Eval Ready 1 5 4 5 Undocking a Bar from the Main Window A Bar can also be dragged out of the main window This is specifically useful when working with multiple monitors Wa Dynamite Sentimentor io x Data Sentis Eval Use a doubleclick on the title bar of Bar to integrate it back into the main window By rightclicking into a Bar its context menu shows up Except for the WorkspaceBar and InfoBar all context menus contain an entry Dockable to other Windows M Dynamite Sentimentor File Portal View Tools Scripts Extras Help S RnGER HSe sesen MAAA Hide Bids ask Load data since begin of tradi
93. al Sentimentors used as Filters 0 0 0 cceceeeeceeeeeeeeeeeeeeeeees 146 NO ih O0 Creating a Manual Sentimentor with an External Tool 0 148 26 Parameters of the Trading Approaches cccscccecceeeceeesaeeseeeneeeees 148 26 1 Parameters of the rendsiqnals APpProach cccccecccseeeseeeeeeeeeeeees 148 26 2 Parameters of the Trading approach ccc ccecceeccceeeceeeceeeseeeeaeeees 148 27 Determining the Sentiments ccccecccsececseeeceneeceeeeceneeseneeseneesaneesaaees 148 27 1 Interpretation Scheme Trigger Line cc eeecesecceeeeeeeeeeeeeeeeeeeeeees 149 27 2 Interpretation Scheme Bands ccccccccssceceeeeeeeeeeeeeeeeeeeseeeeseeeeees 152 27 3 Interpretation Scheme TWO ZONGG ccccccceececeeeceeeceeeeeeeeseeeseeeees 153 27 4 Interpretation Scheme SWING oxi cesissvesisesssidenavnasianessandsnaveerieseaievannaes 154 27 5 Interpretation Scheme Support ReSiStanCe cccceeceseeeseeeeeeeees 155 28 Parameters of the SENtiMENtOIS cceccseeeceeeeeeeeeeeeteeeteeeeeeteeetenees 155 28 1 Meta S ntiMentOr cccccccescceseeceeeeeseeeeeteeeteneeeeeteeeteneenseeteeeteaeess 155 28 1 1 Meta Sentiments as Weighted Average cccsscccsseeeeeeeteeeeees 155 28 1 2 Free Definition of the Meta Sentiments cccceccceeeceeeeeeees 156 28 2 Sentimentors Based on Technical Indicators cccecseeeseeeeee
94. alled sentiment series Every building block used in the analysis of a security produces such a sentiment series For this reason such a building block is called a sentimentor an artificial name derived from sentiment and indicator A sentiment is a value on a scale of 0 to 100 On this scale 0 stands for the worst sentiment and 100 for the best A sentimentor computes a sentiment value for each bar of an analyzed security What is an Q Trader study Within Q Trader as many sentimentors as you require can be employed in order to discover the total sentiment also called the meta sentiment This meta sentiment is calculated by the so called Meta Sentimentor t represents the comprised evaluation of the security as represented by the underlying trading idea and may lead to buy sell or exiting signals in case it exceeds certain thresholds Thus a study usually consists of a number of sentimentors the Meta Sentimentor and optionally Stop techniques and filters In case your current license does not cover the creation of trading systems all sentimentors will behave as plain classical indicators i e they simply visualize a certain mathematical conversion of the given price data It remains up to you to derive trading decisions from visual observations of these indicators Under this circumstance it is convenient to use the word sentimentor as a synonym of indicator and to view a study as a selection of indicators associate
95. arameter Span actual min mar Reset Ji E 25 Constant Evaluation Time Range from 1 200 r to 4 10 03 H AH kA AH M Tal T Freeze Chart Each parameter is described by three values which can be varied the current value of the parameter its lower bound and its upper bound The current value must be in the range specified by the lower and upper bound The bounds are required for the optimization 14 13 17 13 Visual Feedback on Parameter Changes When clicking a cell inside the Designer table the corresponding sentimentor becomes the active sentimentor This means that the evaluation for this sentimentor is displayed in the Approach Evaluation groupbox Moreover the signals generated by this sentimentor are displayed in the MasterChart and in the range windows of the MasterChart When changing the current value of the parameter the active sentimentor is immediately evaluated and the sentimentor as well as its signals are redrawn By keeping pressed the spin button to the right of the parameter field a continuously change of the parameter and the visualization is achieved Clicking inside a sentimentor window also makes this sentimentor the active sentimentor top 14 14 17 14 Reset of a Parameter By clicking on the Reset button all three parameter values are reset to their default values 14 15 17 15 Resetting all Parameters of the active Sentimentor To reset all parameters of the active sentiment
96. ast Time Total vol Change Change The displayed column heading can be changed by editing the label Column Editor l x Available Fields Selected Last Last Confirm study value Last Date Last Time Total vol Change LowSs2Date Maturity Use the up down arrows to change the order of the columns Column Editor x Available Fields Last Symbol Last Confirm study value Last Last Date Bid Last Settlement Date Ask Last Time Total vol Change Changes A selection of columns may be saved by clicking on Save As or loaded by clicking Load 18 13 21 13 Warrants and Options DySen FIDES Trader Extension The security context menus for securities provided by FIDES contain entries for retrieving the Warrants and Options for that security Mi Dynamite Sentimentor File Portal View Tools Scripts Extras Help empen GBaesan LA fod E WiorkspaceBar Say Index DAX 30 Xetra GI ALLIANZ AG VNA O O EI ALTANA AG OLN Symbol Details oN BASF AG ON I BAY HYPO VEREINSE In BAY MOTOREN WER Time and Sales I BAYER AG O M Level 2 COMMERZBANK AG C ETA bn CONTINENTAL AG 0 HA DAIMLERCHRYSLER JY DAX PERFORMANCE I DEUTSCHE BANK AG H DEUTSCHE BOERSE I DEUTSCHE POST AG E DT TELEKOM AG NA JH E ON AG O N Template Studies Find Warrants Find Eurex Options k gt Delete Refresh WorkspaceBar F5 Warrants are displayed in a LiveTable u
97. ation Approach z Day s Performance Trad ile 2a P alr 4 fa 24 40 S J R Stop ET Stop Meta LaLa Parameter nite ile ATR actual Reset pa po S cm Constant Evaluation Time Range from 17 300 to 4 10 03 AH kA AH M Tal F Freeze Chart e In case several price based stops are applied IQ Trader automatically selects the tightest stop for each period When pointing to an open position in the MasterChart with the mouse a popup window shows the stop and profit target for that period E r USS AMZN Trend 1 D 36 32 25 Ee l j al hanert n ae a ls ii ae iF 20 ie 18 a Profit Target 32 21 Stop 19 46 Parabolic Stop 16 101602 110802 1 2f04 02 12 50 02 01 240035 O24 903 03 FiOS a Til gn tup hirt H D u 1 bu The computation of the stops as well as the parameters used to configure them are documented in the section ParameterOfl heSiops 14 32 2 17 32 2 Adding a Sentimentor as a Stop To add a sentimentor as a stop first select the sentimentor and then add it by clicking on the Step button Moving Average Oin Balance Volume Aroon D volume Bollinger Bands A FPFE CCI jeee Pivot Points Crossing MA pei Foint amp Figure MACD RSI Stochastic Z moothed Pivot Points Meta Sentimentor Slow Stochastic Express 4roonQscillator 7 Stochastic Directional Ind DT H Support Resista
98. ation Time Range Evaluation Time Ramge hom 3 2 a5 te i4 2 1303 H fom 32 a0 t amp i4 2 1300 H AH bed AH ove I Freeze Chan AH BA AR M Tol I Freeze Chat sew _toe fo Arey we 09 02 06 Thu 08 51 data SO y 19 D JAC ImM6H S70RL 3708 v0 Span 0 00 Senti 50 00 Besides embedding a study DySen also allows to embed price charts of other symbols into a container study The embedded price charts follow the MasterChart in its aggregation and zoom This allows for extremely convenient exploration of how different symbols behaved at a given time The screenshot below shows the Mini Russel with the embedded price charts of the Mini S amp P and Mini Dow File Portal View Window Tools Scripts Extras DBrawingTools Help S iRSERIBSBERSSS8 MEM Bee RS Ai A i Min f Emini Russ MAROG Emini Russ MAROG CME Overlay a aT ied Sry eccaabar 7 oo ee JE gaseds yoy M124 5 Min f Study MINI S amp P MAROG 1 Emini Russ MAROG Overlay 1269 25 f ob cht ws Dania nia niani mel Jae aoe al ype ys Mph Bata i a Bls 1265 00 13 02 16 05 16 20 16 40 16 55 17 15 17 30 1r 45 18 05 16 20 16 40 5 Min f Study MINI NSDO MAROG 4 Emini Russ MAROG Overlay 1655 0 qt 652 5 13 02 16 05 16 20 16 40 16 55 17 15 17 30 17 45 18 05 18 20 18 40 H Miiat TENES a D Flac FIBA YI Li 712 6 i554 Span 014 26 1 29 1 Using Cascading Studies 26 2 29 2 Embedding a Study
99. ave button B Interpretation through Conditions x Conditions have the following format CONDITION SENTIMENT SENTIMENT Examples for Conditions CCl 90 and Crossingh4 100 or ASI 100 100 100 100 CCI or CrozsinghA 0 0 Delete Text ri Long Position CCI gt 70 and CrossingM4 100 100 Short Position COI lt 30 and CrossingM4 0 O vie Cancel Switching back to the Weighted Average To change back from the conditions to the Weighted Average scheme simply delete all conditions probably after saving them as a template This can be done most easily by clicking the Delete Text button When quitting the dialog by clicking OK Q Trader will change to the Weighted Average computation top 25 2 28 2 Sentimentors Based on Technical Indicators Each sentimentor relying on a technical indicator will be described by its computation its parameters and the generation of the sentiment values The generation of a sentiment value is always discussed with respect to a specific date t In order to keep the description easy we will not mention this fact explicitly any more 25 2 1 28 2 1 ADX The ADX is a trend indicator that merely states the strength of a trend but not the trend direction Therefore the ADX can only be used as a blocker i e in case the ADX shows the existence of a trend enter signals in both directions are passed otherwise enter signals are
100. blocked Computation plusDM i max high i high I 1 0 minusDM max low I low I 1 0 trueRange lI max close i 1 high i min closef i 1 low i SumPlusDM sum over the last Span plusDM values sumMinusDM sum over the last Span minusDM values sumTrueRange sum over the last Span trueRange values plusDI 100 sumPlusDM sumTrueRange minusDI 100 sumMinusDM sumTrueRange averagePlusDI MA over the last Span DM periods of plusDI averageMinusDI MA over the last Span DM periods of minusDI DMI 100 abs plusDI minusD I plusDI minusDI ADX MA over DMI with length Span ADX Parameter Span number of periods to consider for computing the DMI DM Span speed of the MA for averagePlusDI and averageMinusDI ADX Span speed of the MA for the ADX Trend Threshold values above the threshold indicate a trend Interpretation ADX gt Trend Threshold enter signals are passed ADX lt Trend Threshold enter signals are blocked 25 2 2 28 2 2 Aroon Computation Imax Number of periods since the maximum of the last Span periods occurred lmin Number of periods since the minimum of the last Span periods occurred bandMax 100 Span imax Span bandMin 100 Span imin Span Parameter Span number of periods to consider Threshold Aroon threshold Interpretation bandMax crosses the threshold from below and bandMin lt threshold sentiment value 100 bandMax cross
101. by the SystemTester is controlled by the following settings Simulation Follow signals not older than 0 4 peradis Average Fating 0 aeoo The field Follow signals not older than defines how old the last signal of the underlying study may be at maximum in order to be taken into account by the SystemTester In case the last signal of the underlying study is older it will be ignored by the SystemTester otherwise it will be converted into a corresponding opening or closing of a position Clicking the _Simulate button results in an application of the current Simulation setting This should be used to change the displayed signals to the SystemTester trades after examining a study from the study database To obtain a detailed trade report of the trades simulated by the System Tester click the Rees button top 31 7 34 7 Performance Report The lower part of the SystemTest dialog displays the performance report of the system test Average Rating 11 5694 tatal performance 46 584 total of trades 29 winning trades 20 losing trades 4 percent profitable 68 974 avg Wirnavg loss 1 04 profit Factor 2 al Avg trade win amp loss 1 61 percent in the market Els The Average Rating is the average rating of the underlying study computed over all optimization periods The list below show the performance report of the trades executed by the SystemTester 31 8 34 8 Saving and Closing the SystemTest dialog
102. called External Sentiments coming from Sharper de or MoneyBee DDE Edit Security Name Daimler Chrysler Service EQGPE Topic BBE ltem LastPiceT Delay 4200 minutes Symbol or WEN optional i0000 Cancel 3 Press the OK button 4 When adding a further security DySen will use the previously used entries to speed up the editing process Quit the Data Sources dialog by clicking OK The WorkspaceBar of IQ Trader is updated automatically and shows the new settings m Dynamite Sentimentor Ele portal view Tools Scripts Extras Help Artesa WorkspaceBat x H E Scripts H E LiveTables Manual Sentimentors Dde oE COG By Samples a Daimler Chrysler Bee a Dow Jones Index cee Simulation H Tai Pan H Quote Files 28 7 31 7 Using the DDE interface The DDE interface is a standard Windows mechanism allowing applications to exchange data Using this mechanism you may connect to the vast majority of orice data providers at least to receive live ticks To have access to historical ticks a dedicated interface is required To configure the DDE interface select the corresponding page Data Sources E o X Quote Files Market Maker wiSo TeleBirse Tai Pan MetaStock TaiPan RT DDE winBis Simulation IY Activate DDE access H Dax OO i at Add 5 t H Dax30_FwB __Add Security d H oe Delete Security H Dow Jones H Eurex Edit Security E
103. can be used as a basis for the trading day 21 1 24 1 Running a Script The WorkspaceBar displays the scripts stored in the ScriptsDir below the entry Scripts works ajx Scripts me E trading S E trendsignals_long 2 E trendsignals_short H E Manual Sentimentors H E Quote Files When doubleclicking a script it will be started Alternatively using ScriptsiRun a script can be selected from an arbitrary location in the file system or the network After starting a script the ScriptViewer comes up The ScriptViewer is used to monitor the activities while processing the script A script run can be aborted by clicking the Stop button of the Processing Script trading e 5 x Press Start to begin Working on underlying CAC40 969400 File C ProgranneF ipetec Ovnamite Se Optimization facts ties 7396 improves 1 lastlImprowe 4 0 seconds totalT ime Working on underlying OAs 8 1846900 File C Frogramme F ipertect Dynamite 5 Optimization facts ties 7115 improves 86 lastlmprowe s 249 2 seconds totalT Working on underlying Oow Jones Ind 969420 File C Frogramme Fipertech Oyn m For each optimized security the number of performed tries the try with the last improvement and the consumed runtime are reported This information can be very helpful to find a good setting for the stopping criterion defined in the script to be used for the next runs 21 2 24 2 Editing a Script
104. ce Volume Computation OBVo 0 If Close today gt Close yesterday OBV today OBV yesterday volume today If Close today lt Close yesterday OBV today OBV yesterday volume today else OBV today yesterday On the OBV a MA is computed Parameter Smoothness Span speed of the MA of OBV Span Left see Local Highs amp Lows Span Right see Local Highs amp Lows Interpretation The sentiment values are derived from the extreme points of the computed MA applying the scheme as described for Local Highs amp Lows 25 2 20 28 2 20 Parabolic SAR Computation Please see Parabolic Stop Interpretation close crosses Parabolic SAR from below sentiment value 100 close crosses Parabolic SAR from above sentiment value 0 close gt Parabolic SAR sentiment value 65 close lt Parabolic SAR sentiment value 35 Otherwise sentiment value 50 25 2 21 28 2 21 PFE Polarized Fractal Efficiency Computation close i closeli span span 5 Al close j close j 1 1 j i span 1 PFE _unsigned i PFE i PFE _unsigned i for close i gt close i span PFE _unsigned i otherwise smoothed MA over the last Smoothness Span periods of PFE Parameter Span number of periods considered in the PFE Threshold Buy threshold for the overbought region Threshold Sell threshold for the oversold region Smoothness Span speed of the MA Interpretation
105. cenarios and has drawbacks only in rare cases with particular live feeds this alternative is implemented by DySen 27 30 Parameters of the Stops 27 1 30 1 Some Notes concerning Pricebased Stops The stop for the next period of a trade is calculated based on the current period and the past In case this stop is not triggered in the next period a new stop is calculated again Hence for each period there are two stop levels the first valid for the period and the second being calculated for the next period This is taken into account by the visualization Dell Computer US DELL MasterChart Dell Computer uSp DELL 30 00 29 00 28 00 27 00 26 00 25 00 24 00 stop for this period otop for the next period 2 06 1110 00 1210 00 1310 00 161000 17 10 00 19 10 00 For the first period of a trade the following special case applies If the entry policy is set to Open next period or Confirmation price next period in combination with the stop execution policy Immediately then for testing if the stop triggers in that initial period the close price is taken Use the Evaluator to specify the unit applied by price based stops to calculate the stop prices absolute percentage or ATR based All price based stops are tightened by the amount of the slippage as defined in the Evaluator top 27 2 30 2 Using Multiple Stops and Multiple Targets DySen allows the usage of an unlimited numbe
106. com US AMZN Trend 1 D i hy i E i mi T i aft ft ha WA ia p agy in 4 ly h t Hi 12 06 00 04 3001 O51 01 05 09 01 06 2601 Directional Ind 00 14 1 Amazon com US Trend 1 DO 43 3539 O kool YC ig 12 06 00 01 30 01 Da1 101 05 0901 D625 O31 701 Ov 26 01 Thu data 33 79 y 8 28 Or 11 67 Ci 1233H l2 rol 11 23 w 10504 2 IQ Trader allows to add as many filters to a study as you like To find the filter sentimentors in the Designer table easily they are prefixed with Filter and appear starting at the top of the Designer table Amazon com US AMZN 1D Trendi E Fie Sentimentors Optimization Window A Pale l a E SC Aggregation Approach a Days Performance Trad kaufmann s AMA Parameter Spars actual mir ma Reset 20 i 2 25 T Constant Evaluation Time A ange from 17 300 gt taf A003 l H AH kad AH D Tal F Freeze Chart 14 32 17 32 Adding Stops to a study Successful trading strategies require both excellent entry signals and excellent exit signals Therefore IQ Trader supports a variety of stop techniques in addition to exiting a position via the MetaSentimentor e price based stops e g Parabolic stop exit a position if a specifically computed price level is reached e time based stops e g End of Day stop exit a position it the trading duration reaches a certain time limit e sentiment based stops exi
107. computation Span D speed of the D MA Overbought Threshold threshold for the overbought region Oversold Threshold threshold for the oversold region Interpretation D leaves overbought region gt sentiment value 0 D leaves oversold region gt sentiment value 100 Otherwise Sentiment value 50 top 25 2 29 28 2 29 Study The Section Cascading Studies for a complete description top 25 2 30 28 2 30 Williams Variable Accumulation Distribution WVAD Computation The WAVD is calculated iteratively close i open i high i low i After that two moving averages are calculated over the WAVD Fast MA over the last Fast MA Span periods of WVAD Slow MA over the last Slow MA Span periods of WVAD Parameter Fast MA Span speed of the fast MA Slow MA Span speed of the slow MA WVAD i WVAD i 1 volume i Interpretation Slow crosses Fast from below Sentiment value 100 Slow crosses Fast from above Sentiment value 0 Slow gt Fast Sentiment value 65 Slow lt Fast Sentiment value 35 Otherwise Sentiment value 50 25 2 31 28 2 31 Williams R Computation R highspan close 100 highspan lowspan with loWspan denotes the low of the last Span periods and highspan denotes the high of the last Span periods Note in order to let the R display the overbought region at the top of its chart and the oversold region at the bottom the R is multiplied
108. contrast to the classical tabular price sheets that simply display the actual price of a security each line of a LiveTable may represent a complete study that is evaluated continuously In case the studies rely on tick data that has to be loaded from a certain data provider it may take a while until the data is available The loading times vary with the provider and the technology used to receive the data Once the data is received for a security Q Trader uses a caching mechanism so there is usually no need to reload the same data twice within the same session top 18 3 21 3 Creating a new LiveTable By rightclicking on the LiveTables entry in the WorkspaceBar and selecting New from the context menu an empty LiveTable can be created B Dynamite Sentimentor DAXDCO3 FDAXDCOS E Eile Portal wiew Window Tools Scripts Extras aair es E WorkspaceBar Bonds Futures Fukures_ mini Indices Mini H em Fides H E MetaStock H E Quote Files Options Stacks Stocks mini Fest Warrants Refresh WorkspaceBar F5 Each LiveTable contains a definition of the columns to be displayed A selection of columns can be saved as a scheme A new LiveTable can be created with such a scheme by selecting the appropriate entry from the context menu e g New Stocks_mini LiveTable Drag and drop studies from the WorkspaceBar into this window ae aa a ee ee 18 4 21 4 Adding Symb
109. create data also for days where the quotes are missing Q Trader skips these lines However to let Q Trader detect missing quotes you have to define the character sequence used by your chart software to denote a missing value e g 1 or n a Enter this sequence into the Missing Value field If your software simply writes nothing for a missing value then you have to clear the Missing Value field completely make sure not to leave a blank in the Missing Value field top 28 4 31 4 Accessing RealTick Data To activate the access to RealTick data please proceed as follows Choose Extras Data Sources from the main menu ae Dynamite Sentimentor File Portal View Tools Scripts Extras Help s masi me MI rkspaceBar l Options i Scripts ey LiveTables sharper meinungen update Manual Sentimentors MoneyBee Forecasts update H E Dde H E MetaStock H E Simulation H E Tai Pan ra Ea nm L r nimuss update MoneyBee Settings Now select the RealTick page of the Data Sources dialog Data Sources a x If Activate Quote Files QuotesDir C PrograrnmeFipemec Dynamite SentimentorsQuotes Browse Mumber Format 12345 6768 ka Missing Value E Date Format DO MM YYA Date Separator Resulting Format DO Mhl rirr Time Format HH MM 55 Ignore initial E line z of each quote file Value Sequence date open close high flow volume
110. d H 225 na E enter long Profit Target 205 51 Trailing Stop 197 45 208 exit long Profit Target 205 51 F enter long next period trigger 207 70 JF bert mS 062900 Oroso OFM afO0 oO7Me00 ORZS0O OFZoo Ogoroo 08 _ F The order in which the signals are explained corresponds to the order the signals have been executed by Q Trader A red and a green triangle displayed at the same date e g or X indicate a switch of the position SAP YZ X 1716463 MasterChart OF x 156 sa 139 123 106 od 05 10 98 26 10 98 16 11 95 OF 12 96 04 01 99 25 01 99 15 02 99 06 05 99 30 03 99 An open position is handled as if it were closed at the last day of the evaluation period 13 3 16 3 Analyzing a Trading Approach To analyze the quality of a given sentimentor parameter setting Q Trader produces a performance report with the following entries Name Definition O OOOO o total net profit gross profit less the losses commission and slippage performance performance with respect to the initial account size Displayed wd if the strategy relies on an initial account size total of trades total number of trades winning trades number of trades with a remaining profit after subtracting commission and slippage losing trades number of trades with ending in a loss Commission and slippage included percent profitable the ratio of winning trades to losing trades gross profit sum of the profit of the winni
111. d by the optimization 23 1 26 1 Parameters of the Trendsignals approach The Trendsignals approach relies on two parameters serving as thresholds Threshold Long If a sentiment value hits or exceeds this threshold a long signal is generated Threshold Short If a sentiment value hits or falls below this threshold a short signal is generated top 23 2 26 2 Parameters of the Trading approach The Trading approach relies on four parameters serving as thresholds an ona fifth parameter defining the Trailing Stop Threshold Long If a sentiment value hits or exceeds this threshold a long signal is generated Threshold Short If a sentiment value hits or falls below this threshold a short signal is generated Close Long A long position is closed in case a sentiment value hits or falls below this threshold Close Short A short position is closed in case a sentiment value hits or exceeds this threshold 24 27 Determining the Sentiments The conversion of an indicator into a sentiment series is called interpretation A sentimentor is always a combination of an indicator in its broadest sense and an interpretaion Q Trader allows to define for nearly all sentimentors to configure their respective interpretation using simple to use dialogs In most of the cases the interpretation is performed using one of five standardized interpretation schemes These schemes are explained in detail in the following sections The con
112. d with a security IQ Trader displays information either in bars or in charts Bars are specific windows that can be manipulated in various ways This section gives a general overview of working with bars The functionality associated with charts is discussed in separate sections 1 1 4 1 WorkspaceBar and InfoBar When starting Q Trader for the first time the main window will look like this Mi Dynamite Sentimentor g Ioj x File Portal wiew Tools Scripts Extras Help IRAPRIES EEEk EE w orkspaceBar hx H E Accounts H E LiveTables Sy Scripts H E Manual Sentimentors H E Simulation Sy Dde f Fides Hey Quote Files i eA bel 14 lool Bal A InFoBar ax At the left side of the main window you can see the WorkspaceBar The WorkspaceBar gives access to all objects required for your trading activities e g securities and associated studies depots Live Tables and much more At the right side of the main window we have the InfoBar used to display different kinds of information with respect to the currently active study In case a Bar is not required it can be hidden by clicking the Hide button in its title bar Dynamite Sentimentor File Portal View Tools Scripts Extras oe Pet HSR ay Depots H E LiveTables H E Scripts H E Manual Sentimentors H Simulation This can also be achieved by using the corresponding toolbar buttons Wei Dynamite Sentimentor File Tools 5 e ec H
113. dDev is the statistical standard deviation over all parameter changes IQ Trader allows to use the results of a sensitivity analysis within the optimization by using corresponding restrictions 14 29 2 17 29 2 Sensitivity Analysis of a complete Study Rightclicking on the MetaSentimentor in the Designer Dialog opens the context menu Ma Dynamite Sentimentor Adobe Systems ca File Portal View Window Tools Scripts Extras DrawingTools Help Epea Ogee aam AREE dobe Systems US ADBE 1D E File Sentinentors Optimization Window h Ed B PE KB Aggregation Approach Dayle Perfomance Trad iia Tai a e eme ca 1144001 OS602 10721 02 10 111441 Ose 102102 Stop Trailing Stop Stop Profit T arget Meta Sentimentar Kaufmanns AMA visualization Display the sentimentor as subwindow of the Masterchart window Display the sentimentor in Masteranart Aggregation Parameter Kaufmann s AMA we actual mir ma SS eS ee Sensihiwihe nf Fhe Sentiment System Sensitivity h Choose System Sensitivity to check the sensitivity of all parameters that e are not fixed e are not set to 0 applying the assumption that a parameter set to zero means disabled e g TrailingStop e have a domain unequal 0 1 applying the assumption that such a parameter is a on off switch e g a certain pattern in the CandleStick sentimentor top 14 29 3 17 29 3 Sens
114. dded to the current period until the span i e the difference between high and low of the period reaches or exceeds n This aggregation mode implies a filter mechanism with some similarity to Point amp Figure or Renko aggregations but they maintain the familiar bar or candle charting styles e Renko The ancient Japanese Renko aggregation converts the price data to exclude noise automatically To achieve this it packs the prices into so called bricks New bricks are created only if the brick size as defined by the numeric value nas an absolute value is reached The color of gap bricks can be defined through the ColorManager All sentimentors are applied on the data resulting from the aggregation For realtime securities each new trading day starts a new period Note When receiving data from a realtime data provider you may often define an aggregation of the data to be send by the server e g 10 Minutes You need to make sure that in this case the selected aggregation inside Q Trader does not conflict with the pre aggregated data by the server As an example If you load 1 minute pre aggregated data and choose 5 Tick aggregation in Q Trader the resulting charts are not consistent The streaming realtime ticks arriving on your PC will be aggregated correctly but the historical 1 minute periods will not top 14 10 17 10 Notes A study may be enriched with notes clicking the 23 button of the DesignerDialog s toolbar
115. de 135 72 6 61 3 63 avg losing trade 5 97194 4 36575 1 99695 avg bars in losers 4 58 5 25 6 50 max consecutive winners 4 2 4 max consecutive losers 4 1 Z Std Dew all trades 5 36 5 70 6 39 Std Dev winning trades 5 49 4 64 4 55 Std Dev losing trades 4 08 2 91 2 1 max shares contracts 1 1 1 max dravidowy 19 52 12 11 3 99 Commission paid 0 00 0 00 0 00 Expectancy 20435 0 1913 1 32867 Expectancy Score 0 0175 0 0115 0 0562 Happiness Factor 2 67 0 21 10 42 evaluation start O1f03 00 Mon O1f09 0e Wed oO9f09 02 Mon evaluation stop 01 08 02 Tue Oofo 02 Fri 0410 03 Thu Data Sentis Eval 5 8 Status bar The standard window status bar shown at the bottom of the main window is used to display information corresponding to the date the mouse is indicating Reading from left to right the data are ror wn MI Pot 3571 5 6 18 28 High52Date Lowo2 le 16 20 Ba 15 51 17 09 ae 4 10 20 03 Mon 18 06 data 51 4 y 76 6 Oy 3560 5 C 3571 00 H 3571 5 L 3566 5 591 Span 0 1 Senti 50 00 Date day of week time value of the indicator at this date value of the indicator corresponding to the vertical position of the mouse pointer Open Close High Low Volume of the MasterChart quote span and the sentiment value computed by the sentimentor for that date 6 9 Time amp SalesBar Besides opening a Time amp SalesBar directly in a MasterChart it can be opened as a stand alone Bar through th
116. defines how ticks or daily data are summarized to make up a period Very often a time based aggregation in the sense of daily weekly or 3 minutes is used The advantage of a time based aggregation is that the psychological important factor time is reflected directly on the X axis The disadvantage though is that periods with little movement or volume are visualized in the same way as periods with significant action and this leads to noise in the indicators IQ Trader allows to aggregate the data also on non time based criteria in order to get equally significant periods instead of equally long periods In the example given above a period requires a traded volume of at least 50000 shares to be completed Each aggregation mode is completed by a number n e g 70 ticks make up one period The following aggregation modes are supported Day Week Month n days weeks month make up a period Minutes fix n minutes make up a period The time scale is divided into slots of n minutes starting at midnight All ticks falling into the same slot make up a period Minutes dyn Like Minutes fix but the first tick of a day defines the first interval and thus the first period When the interval is elapsed the next arriving tick creates the next interval Useful for securities traded with a very low volume Volume A period is closed when the traded volume reaches or exceeds n Span abs Span New ticks or daily bars are a
117. diff slow see MACD EMA see MACD Span Left see Local Highs amp Lows Span Right see Local Highs amp Lows Interpretation The sentiment values are derived from the extreme points of the computed difference applying the scheme as described for Local Highs amp Lows 25 2 17 28 2 17 Momentum Computation First of all a MA on the close quotes is computed The Momentum for date tis then computed as MOM MA MA 1 1 100 Parameter Smoothness Span speed of the MA Span Left see Local Highs amp Lows Span Right see Local Highs amp Lows Interpretation The sentiment values are derived from the extreme points of the computed Momentum applying the scheme as described for Local Highs amp Lows 25 2 18 28 2 18 Moving Average Computation l Sdi an j i Spant1 average i Parameter Span number of periods Note Wherever a moving average is to be computed also in other sentimentors a negative value for the span might be provided This results in applying an exponential moving average Through this scheme the optimization engine might switch silently from linear to exponential smoothing Interpretation close crosses average from below sentiment value 100 close crosses average from above sentiment value 0 close gt average sentiment value 65 close lt average sentiment value 35 Otherwise sentiment value 50 25 2 19 28 2 19 On Balan
118. ding Studies is a powerful new DySen module that brings true intermarket analysis combined with multiple time frame analysis to the trader s desk With the click of a mouse embed an existing study for say the Dax Future into a study for say the Eurostox Future Now the outcome of the Eurostox analysis is taken into account for trading the Dax DySen allows unlimited flexibility when combining studies e Embed as many studies as you want into one container study The embedded studies can use any aggregation So for example a longer term trend study can be used as a filter for a short term swing strategy Even non time based aggregations like Renko or Point amp Figure can be applied An embedded study may contain embedded studies itself which allows for a complete hierarchy of cascading embedded studies The complete range of backtesting and optimization tools is available for cascading studies So taking the example from above an optimization of the Dax study can also optimize the embedded Eurostox study An embedded study behaves just like a normal sentimentor so it can also be used as a Stop or as a Filter Among the possible applications of the Cascading Studies module are the following Quite often a given symbol A follows in its direction another symbol B So by trading A as soon as B emits a signal gives the trader the opportunity to trade as early as possible even before A itself generates a technical signal
119. displayed e g Long trigger 45 69 In case the last signal was denied because the required confirmation price was not reached the column reads Long filtered or Short filtered Last Confirmation The last date with a sentiment value reaching a threshold in the direction of the current trade Reaching the threshold is a confirmation of the current trade and might be used for increasing the position size or an subsequently entering of the position LS Quote LS Last Signal The quote at the date of the last signal Act Quote The latest quote Act Trade The current value of an open position By clicking a column header the table will be sorted with respect to this column Clicking again on the same column header will reverse the sorting sequence Thus to see the latest signals just click on the column Last Signal Doubleclicking a row of the RatingBar will load the corresponding study 21 10 2 24 10 2 Violations of Trading Constraints After updating the price data and running a status report for a script it may happen that a study violates its trading constraints e g because the final has turned into a losing trade that results in an winning losing trade ratio that is not accepted In such a case the name of the security in the RatingBar is preceded with an exclamation mark so that a violation of trading constraints becomes immediately visible RatingBar x Mame Fatin Last Signal LS Ty
120. dy gt sentiment 60 in container study e Otherwise gt sentiment 50 in container study 26 6 3 29 6 3 Using an Embedded Study as a Filter A frequent application of Cascading Studies is to use an embedded study as a Filter e g only go long based on a 1 minute FDAX study if the embedded 60 minute FDAX trend study allows to go long Given the quite common scenario that the 60 minute FDAX study works with a couple of filters then it would be most comfortable if the filter settings could be embedded directly into the container without having the need to also generate signals To achieve this add the 60 minute study as a Filter to the 1 minute study and choose the mapping style to be 0 i e Map Signals In this specific filter setup DySen applies the following mapping rule e Embedded Study in state BLOCK light blue area in the MasterChart gt container study in state BLOCK i e discard all signals e Embedded Study in state FLAT dark blue area in the MasterChart gt container study in state FLAT i e close position and discard all signals e Embedded Study allows Long green area in the MasterChart gt sentiment 100 in container study e Embedded Study allows Short red area in the MasterChart gt sentiment 0 in container study e Otherwise gt sentiment 50 in container study The following screenshot shows an example where a study using a trend filter and a Volume blocker are applied o
121. e Tai Pan MetaStock RealTick b i Consors Trader Tai Pan AT COG eSignal ODE Simulation V Activate eSignal 1 Add Security 3 Delete Security Edit Security Add Folder Delete Folder Edit Folder 4 Abbrechen emenn 1 Activate the DySen access to eSignal 2 DySen lets you organize the securities you want to access into folders A Sample folder is part of the distribution New securities are added to the highlighted folder a Click the Add Security Button to define a new security The following dialog will pop up x Symbol Name optional WEM optional Cancel e e Enter the Symbol of the security to be made available in DySen The symbology is exactly as in eSignal e e Name is the symbolic name of the security displayed in the WorkspaceBar of DySen If it is left empty DySen will use the symbol instead e e WKN is optional and used by DySen for providing so called External Sentiments coming from Sharper de or MoneyBee Edit Security DECs AET Daimler Chrysler 3 Press the OK button Quit the Data Sources dialog by clicking OK The WorkspaceBar of IQ Trader is updated automatically and shows the new settings Dynamite Sentimentor FarEEtcA x H Scripts H LiveTables J Manual Sentimentors Simulation B eSignal Samples H 0 Adidas w a Daimler Chrysler Q Dax 30 m a Dow Jones Industrial fev F
122. e based stop that is triggered when the price crosses the line from above this usage is especially interesting in conjunction with the TradeGuard functionality e Short Stop Analogical to the Long Stop A position is closed when the line is crossed from below e Sentimentor Stop The line is created as a Sentimentor Stop with The interpretation of a trendline for generating the corresponding sentiment uses so called support resistance zones where the line has a high significance The visualization of this zones can be toggled with the Visualize support resistance zones option A specific TrendlineSentimentor explains the Trendline Sentimentor in detail e Sentimentor Analogical to Sentimentor Stop The trendline is created as a sentimentor and influences the overall sentiment e Filter The trendline is used as a normal Sentimentor applied as a filter 3 3 6 3 Defining an Alarm lf a line is attached to a realtime study Q Trader can emit an alarm and a corresponding dialog when the line is crossed Line Properties a Hame 16 04 17 01 StatValue 35187212 H 16 04 17 01 H EndValue 3545 8752 16 04 17 11 Right extension W Remove Line Line color Cc r Line width 1 Usage as Drawing only J Scale price asis to include this line Notification on next downward cross Sound C Programme Fipertec D pnamite 5 Select Fla Define Settings as Standard me fon Dynamite Sentimentor X Crossin
123. e context menu of a security M Dynamite Sentimentor File Portal View WorkspaceBar Sy Depots Sy Live Tables Sy Scripts H E Manual Sentimentors H E Simulation Fides d My Futures un i H a Index D H E DI Stoxx 5 H E Hang Seng H E Licensed 5 H E MetaStock H E Quote Files Pas Tools oea coe E manm Scripts Extras Help Open Symbol Details Template Studies Time and Sales h Level 2 Details Find Warrants Find Eurex Options Delete Refresh WorkspaceBar Dynamite Sentimentor 3 File Portal wiew Tools Scripts Extras Help sen CAHESAAM i2 8 MHH a e T amp S DAx DCOS J Depots 4 LiveTables 3 Scripts 4 Manual Sentimentors 3 Simulation 4SQ Fides Seo My Futures DIZ3 iy ESz3 it SPZ3 H I DAX pcos 5 Ny Euro STOXX 50 DCOS I Euro BUND DCO3 H E NASDAQ 100 H E Index DAX 30 Xetra H E Index DAX Futures H DI Stoxx 50 Futures 4 E Hang Seng China Enterprises H E Licensed Symbols H E MetaStock J Quote Files m 1O x utal A Last Bid Ask Volu Time 4 1039 50 1039 25 1039 50 1039 25 1039 50 1039 25 1039 50 1039 25 1039 5 O 3575 5 C 3575 00 H 3576 0 L 3574 5 49 Span 0 0 m OomnHobtne NA wye UO ONO MN w N o Nee Oh The Time amp SalesBar color codes up and down movements of the prices green indicates an up move red indicates a down move black indicates a
124. eation of Studies E valuator Performance Trading P3 Iritial study Triez 01 09 1998 29 10 1999 fo Vi alk forwward end 06 03 2001 Start fixed Mew optimization every fi pero Triez 25 Create Computed Studies 10 29 39 12 15 39 02 03 00 02 03 00 Simulation Follow signals not older than 0 period s Average Rating 0 peat total performance 45 11 15 le 3 percent profitable 80 002 avg win aygloss 4 15 profit factor 16 62 Avg trade win amp lors 3 01 percent in the market 14 585 gave amp Close Close The SystemTest dialog is divided into four parts that are now discussed successively The first two fields are used to specify the name of the SystemTest and to enter notes System Test Mame TripleHit System using the Trendsignal TripleHit approach IQ Trader shows entries for all created SystemTests for a security using their respective names in the WorkspaceBar The icon used for SystemTests is Workspacebar coo Quote Files al oa Tutorial ACHU DAX K Dow Jones Ind FTSE 100 Nasdaq 100 NEMA All Shares Kurs NEMAX 50 3 SPSO0 adidas Salomon x Aixtron Allianz 23 pea a Bayer 4 _ Sfi trading Sfi TripleHit bese E LongTerm pproach E SimpleTrading _ of TripleHit aa BB Biotech DZ DM m a BM CK _ SEREEEEEEEERE To load a SystemTest simply doubleclick the corresponding e
125. eding a given date This date can defined with the Options dialog reachable by ExtraslOptions More details concerning the Options dialog can be found here 28 1 31 1 Accessing FIDES data DySen FIDES Trader Extension The DySen FIDES Trader comes with built in price data access Below the entry Fides in the WorkspaceBar all symbols covered by your license are displayed hierarchically WorkspaceBar a Scripts k al E 3 Manual Sentimentors E Simulation H y My Futures H E NASDAG 100 H E Index DAX 30 Xetra H E Index DAX Futures al E DJ Stoxx 50 Fukures H H se mes China oo FI Africa H E America H E Brasil BS USA Sy USA Futures El Ay Asia a Europe i Czech Republic FS Denmark H a Eurex Sy Euronext Liffe Sy Euronext Portuga Sy Germany Sy fareat Britain Sy Italy HE STONE El y Sweden SS Switzerland g E Forex H E Indices Fides administers all changes in indices new emissions etc for you so the hierarchy of the your licensed symbols is always up to date top 28 1 1 31 1 1 Defining Favorite Symbol Groups In order to give you fast access to frequently used symbol groups right click on a group and select Add to favorites Wi Dynamite Sentimentor File Portal View Tools Scripts Extras Help es tet CB amp e sean AA WorkspaceBar 3 Simulation Et 1a Fides a 4SQ My Futures H H E NASDAQ 100 H E Index DAX 30 Xetra H E Index DAX Futures H E DJ Stoxx 50 Futures
126. eeceeeeeeeeeeeaees Be RG Ba NOOO E aaar N Changing the Ordering of the Columns ccccccceeeceeeeeeeeeeeeaeeees SEARE e E E Displaying the Charts of a LiveTable study ccececeeeeseeeeeees Sorting and AutoSorting cece ceececesceceseeceeeeceseeteueeceseeseeeeseeeeeees Configuring SONS os saisatss vienna sa cvasuavacnansvasnmnssnassnasesaseannsennnavanneed Paranie and ODIOS ree Page Definitions ccccecceecceeeceeeceeececccueceueceuecaeecaeeseeeaeeseueseeeseeeneeeaas 112 112 113 23 OneClick Recording and Fla VOACK oiicsccscsixscssiatrsanarciavaprssiviconsajoussenainecs 124 23 1 Converting a Zoom in a MasterChart into a Recording c 0000 124 23 2 Create a PlayBack for the Last Trading Session ccccceeeeeeeees 126 23 3 Using Live Recording cccsescsnccanccsncssnstseisanceascuserseccaesesbevascastswencusnosnes 127 224 Plavback Ol POCONOS oss cessceccsvercnnssdevasesavesssensverossuesteseuieersveneveseyedes 127 23 5 A Note on PaperlTrading with PlayBacks ccccseccseeceeeseeeeeeeeees 129 24 scripts for Automated Study Generation ccccccccsececsececeeeeseeeeseeeeees 129 cer P E EEEE EAER 129 e E ek a E 130 24 2 1 DEMCING SECUN OS i ciccxcssessnesdanies save raisendncedanieasuceeaddouineedanvsusntys 131 24 2 2 Defining the Runtime per Security cc cceecceeceseeeseeeeeeeeeeees 133 24 2 3 Defining the Study Label and Standard Study
127. eeees 160 Be i E TEE E E 160 a FOE A E EE EEEE PEE 161 202o Bolingo ies ccs cee cectpaneee cd Ara aaa 162 28 2 4 CCI Channel Commodity INdex cc ecceecccssceceeeeseeeeeeeeeees 162 28 2 5 Channel Breakout cecccecccscesseeteseeeseeseeeteneeeeeteeeteneeeaeenaess 163 28 2 6 Crossing Big ress as co wactenassrennntusanmns nota naeiah st aaneesate mane eneeemm eee 164 2e Direchonai Ma E DD ee 164 28 2 8 DMI Dynamic Momentum Index cc ceececcseeeeeeeeeseeeeeeees 165 28 2 9 DSS Double Smoothed Stochastik cc ceccceeecsseeeeeeeees 165 28 2 10 Exponential Moving Average ccccccseccssecseeceeeseeeeeeeeeesaees 166 28 2 11 Pee la ca acazpsanunacand E E E E 166 28 2 12 KAMA Kaufmann s Adaptive Moving Average c 000 167 28 2 13 Linear REQreSSION cccccccceccseeceeececeeeeceeeceeeceeceeeeeeeaeesaees 167 r EACT E E a 168 yo Ay A EEE EEE EEE EEEE EEEN tne 168 PS ees onesie ene ntsacdaredsateaaedecteancieasesecigasaceciaess 169 e a ee ee ee ee ere 169 28 2 18 Moving AVElaQe ccccccceccsseceseceeeceeecececeeceueceecaeeceeeseesaeesaees 169 28 2 19 On Balance VOlUMe ccccceccsecceecceeecseteseeeeteeeseeeeaeeeseteues 170 Arn Pae a R e A AENA 170 28 2 21 PFE Polarized Fractal Efficiency ccccscccececeeeseeeeeeaees 171 red a EE ee er ee ee ee ree 171 oa Poe al ee eee ere eens aoe 172 28 2 24 Renko oo eeccceccccescccenceceneecenceteue
128. election box at the bottom of the dialog you may select a different charting mode e g 2D lines J Sensitivity A AT v0 H lea ee Threshold Long At iik si Threshold Short an 0 ie Close Long T j Close Short V i CCl Span 20 Threshold Up Trend Threshold Down Trengd TUTE 40 Parabolic Stop Span for initial HighLow Parabolic Stop Acceleration Increment Parabolic Stop Acceleration Max 6U BreakEven Stop Initial Risk 47R Meta Sentimentor Smoothness Span B0 Kautmann s AMA Span Decne eeeeme cme cmeemeeeeeee seems nme eme eee eee eee eme eee eae ene eusee sa eeme eee emeeeeeee ee eee eee eeus eee ees Gee eee eee eueeeseus ees Geeneeneees eee seeeeeemeeeeeeeeseeee eee eae ene ees eee ees eee eee eee eeeeaeeeeeeeeeee nesses Seeemeaeeueeus ees eea eee eee eae eneeus suse eases eee eeeeeeaeeeeeeeeeeeeeeeGeaeee eee eae eseessesanaaee The X axis shows the change in step sizes of the parameters The O location corresponds to the initial parameter setting The Y axis shows the value of the chosen objective function e g the net performance The footer of the graphic shows some statistics based on the average percentage change of the objective function with respect to the initial setting this is called the parameter scatter e e the Average Scatter is the average over all parameter scatters e e the Max Scatter is the maximal measured parameter scatter e e the St
129. elp 3 2 BS BRB SE eee eet E D Emmint Simulation Simulation Trades Jegeceds yona Fy 16 55 5 Min f Crossing MA C30 100 Simulati 5 Min f Crossing 3 Simulatio aati 5996 0 pengape uong LOPES G U g 2go 16 55 5 Min f Directional Ind 4D 44 1 Sir 16 55 O 5906 0 C 5909 5 Hi 5993 0 L 5984 5 W a050 Spal z To activate the visualization of the market depth as a histogram in the MasterChart click the Show Volume Histogram toolbar button of the Speed Trader M Dynamite Sentimentor Simulation Simulation 5 Min f TradeGuard Future Trading File Portal View Window Tools Scripts Extras DrawingTools Help Dln aa Ogag aam AE A Aaa aaa Wg Simulation Simulation TradeGuard MasterChart EMi Simulation Simulation TradeGuard Jagaseds yon T The market depth visualized as a histogram in the MasterChart shows short term support resistance levels and can be of great importance for scalpers The SpeedTrader and Time amp Sales views can be folded in just like normal Bars File Fortal View Window Tools Scripts Extras DrawingTools Help Sprega CHHEAM pe x i A E MO DAX DCO3 FDAXDCO3 EUX Watch MasterChart E a Ee A e AT ea Jegaaeda YAO Gi E020 yT AS Wye LNT EOI Is E0209 xr g Ly El 89u ad 20 410 15 27 16 21 leda 3 Min MACD 12 26 9 DAX DCOS Watch 1 e Boho Be Ooo a E oO oo A e 20 40 15 27 16 21 ieda 20 10 03 Mon 17 15 da
130. en activating the Right extension option the line is automatically extended into the future x Hame heoo o StatValue 13 3655 16 07 02 4 End Value 11 4810 H 17 08 02 Right extension Remove Line Line color Line width 1 Usage as ttc W Scale price axis to include this line j Visualize support resistance zones Define Settings at Standard mea too _ B mint DAS DEOS FFOAXDCOS EUM Watch j BENN ta tind Agta 4 3595 5 qe 9 Pr iad her 3555 H 3540 i 3530 1020 1725 18 40 10 24 40 05 14 10 dih The original end point of the trendline is depicted by a small vertical line To remove the line click on the Remove Line button To ensure that a line is always visible activate the Scale price axis to include this line option By clicking the Define Settings as Standard button the current settings are saved as standard and are automatically set when drawing a new line When drawing trendline the shift key may be pressed in order to automatically snap to the nearest high or low of the bar the mouse is pointing to 3 2 6 2 Usage Modes of a Trendline and Horizontal Line A line drawn into the MasterChart can be used in different modes and depending on the mode influence the sentiments and signal generation e Drawing only The line is used for visualization purposes only and does not influence the signal generation in any way e Long Stop The line is used as a pric
131. entered at that price High of the signal bar The opening price does not exceed the high of the signal bar Thus the signal Is not confirmed yet Limit price next bar The high of the signal bar Is not exceeded Thus the signal is not executed and High of the ea Is dismissed signal bar A short signal is confirmed if the low of the signal bar is reached The computation of the entry price is done analogously to the described procedure for long signals The default confirmation price can be changed using the Express function calls SetLongTrigger and SetShortTrigger Analogously to Confirmation price next bar However in this case a trade is entered only if the price to be paid equals the limit price or a better price The default Limit price is the close price of the bar that generated the signal It can be changed using the Express function calls SetLongTrigger and SetShortTrigger For details concerning the Sentiment Enter Signals in conjunction with automatic order execution please refer to the DySen Direct Trade manual Sentiment Exit Signals Signal execution Sentinent Enter Signal Confirmation price nest bar Sentiment E xit Signal Execution of stop signal Signal execution Explanation Close same bar Open next bar Stop Signals The position is closed at the closing price of the bar that generated the signal plus slippage and commission The position is closed at
132. entiments separated by semicolons 1 Crossing above Trigger fi 00 100 100 Using this specification the good sentiment of 100 would carry over to the two bars following the event bar This technique is especially useful when combining several sentimentors that have to show similar sentiments at roughly the same bar A fading of the sentiment is also possible as in 1 Crossing above Trigger fi 00 95 90 85 80 75 Such a sequence of sentiments can be stopped if a new primary event occurs e g if two periods after an upward crossing of the trigger line a downward crossing occurs Secondary events cannot stop a sequence originated by a primary event Working with Templates Usually an interpretation configuration that has been defined with a certain idea in mind should be reusable in other sentimentors that apply the same interpretation scheme For this reason Q Trader allows to save a configuration setting as a template Interpretation for a Trigger Line i X Sentiment Series starting at E vent event period e g 100 90 1 Crossing above Trigger fi 00 96 90 55 80 75 2 Staying above Trigger es 3 Crosing below Trigger 0 4 Staying below Trigger 35 Template Fading k Select Remove Save Cancel To save the current setting as a template first soecify a symbolic name and then click on the Save button To load a template select it from the list of available templates and click
133. eo BeHasan 5 ax iP Bx i Mihi log P A Depots a a LiveTables Scripts Manual Sentimentors Simulation eSignal Fides H 4 My Futures j elt Open Symbol Details i Template Studies ld rt_standard 1 Minute loads 2 days T Time and Sales standard 60 Minutes loads 1386 days t Level2 TradeGuard 1 Minute loads 3 days H Details Trend 60 Minutes loads 1386 days H 4 H 8 1M Find Warrants TripleHit 60 Minutes loads 1386 days H E D Find Eurex Options EoD Chart i fy H j oA ui Delete iis f HE RT Chart gt Bollinger _Bands 1 Minute loads 5 days a Refresh WorkspaceBar F5 RT Futures System 2 Bressert_in_Japan 1 Minute loads 5 days H a Brasil RT Stocks System b Candles __Renko__Point_and_Figure 1 Minute loads 5 days HAJ USA i America Stock Exchange Channel_Breakout 1 Minute loads 5 days NASDAQ Classic_Trend_Follower 1 Minute loads 5 days om NASDAQ Small Cap Crossing_Moving_Averages 1 Minute loads 5 days H 4 New York Stock Exchange Fb fpr asc baked H E USA Futures ibonacci_Moving_Averages 1 Minute loads 5 days H E Asia Indi_Mix 1 Minute loads 5 days Europe Kaufmann s_AMA_Chart 1 Minute loads 5 days H a F sah MACD 1 Minute
134. er top 15 2 18 2 Performance Evaluator 15 2 1 18 2 1 General Settings xi Performance Money Management Trading Constraints Control Period Initial Account Size f OO00 Percentage Trading Fised Commission 20 Yanable Commissior jo 2 Slippage jor Go Long I MetaSentimentor can close i Go Short fw and reverse positions Ignore losing trade if opened within f periods preceding the end of the evaluation period warm up phase Signal execution Sentiment Enter Signal Open next bar Sentiment E sit Signal Open next bar Execution of stop signal Immediately Fade Out Note Fade Out support it only available in TradeGuard and LiveE valuation modes kis currently not supported in Backtesting Use Mutliple Profit Targets If unchecked only the tightest Target or Stop is Use Mutlple Stops taken into account Unit for Profit Loss Slippage specification Percent ATA calculated for 20 periods Abbrechen The trading strategy Performance starts with a budget as defined in the Initial Account Size field When following a long signal all the cash is invested to buy a maximal number of shares of the analyzed security The commission to be paid for a trade can be specified through the Fixed commission field and the Variable commission field The latter is defined in percent of the trade volume Each transaction takes the Slippage into account To follow long signal
135. es H E DI Stoxx 50 Futures E A Hang Seng China Enterprises Ir BH Licensed Symbols i 7 MetaStoc PA Fee H Quote File Symbol Last Bid Ask Last Time Total vol Yesterday Change Yesterday Change rr ADS ETR 80 250 80 160 80 250 15 37 07 106507 ALY ETR 84 450 84 450 84 530 15 37 09 1933580 ALT ETR 52 100 52 070 52 130 15 36 45 322802 BAS ETR 39 840 39 820 39 860 15 37 15 1466573 H M ETR 16 750 16 750 16 760 15 37 23 1617569 BMVETR 33 860 33 830 33 680 15 36 58 1892190 BAY ETR gt 19 270 19 260 19 290 15 37 15 2259004 g 4 annei CBKETR s 16 440 BERS 16 490 15 37 22 1694830 CON ETR 1 27 27 a 27 740 15 36 43 596185 RatingBar ax Last Signal Last Confi Act Trade Allianz vNA 134 44 04 07 03 close short Stop 54 10 04 10 03 Aegon 130 60 03 13 03 close short Stop 6 89 04 11 03 s 2313 Short Stop 14 34 Par Amazon com s 103 26 02 19 03 close short Meta Senti 04 07 03 Altria US 96 07 04 08 03 close short Stop 30 48 o4 10 03 AXA 86 38 04 02 03 close short Stop 11 06 04 09 03 Trend 10 21 03 15 36 38 Ready O 3565 0 C 3565 00 H 3566 0 L 3565 0 142 Span 0 0 To add all available studies for a security to a LiveTable simply drag amp drop the security LiveTable while pressing the Shift key Mg Dynamite Sentimentor File Portal View Tools Scripts Extras Help me a coge E aam 2 28 Ai m e Ao WorkspaceBar H A DAx Future aj HEA
136. es the threshold from below and bandMin crosses the threshold from above sentiment value 100 bandMin crosses the threshold from above and bandMax gt threshold sentiment value 75 bandMin lt threshold and bandMax gt threshold sentiment value 75 bandMin crosses the threshold from above and bandMax lt threshold sentiment value 65 bandMax crosses the threshold from above and bandMin lt threshold sentiment value 35 bandMax lt threshold and bandMin gt threshold sentiment value 25 bandMax crosses the threshold from above and bandMin gt threshold sentiment value 25 bandMin crosses the threshold from below and bandMax crosses the threshold from above sentiment value 0 bandMin crosses the threshold from below and bandMax lt threshold sentiment value 0 otherwise sentiment value 50 25 2 3 28 2 3 Bollinger Bands Computation MA moving average over the last Span periods s Standard deviation over the last Span periods bandUp close Factor 1 10 StdDev s bandDown close Factor 1 10 StdDev s Parameter Span number of periods to consider for the moving average and the standard deviation Factor 1 10 StdDev factor for the width of the bands measured in 1 10 of the standard deviation Interpretation close crosses bandUp from below sentiment value 100 close gt bandUp sentiment value 75 close crosses bandDown from below sentiment value 65 close crosses band
137. eteneeteneeteneeteneeteneeteneetsneeneaess 173 a a A 174 rid Ayaka d 6 Koromon EEE ENNE 174 28 2 27 SIlOW StOCHASTIC cc ceccceccceeeeeseecseeteeeteneeeeeteeeeeneeseeteeetens 175 PDAer OONA oan 175 E EEE ee ee eee 176 28 2 30 Williams Variable Accumulation Distribution WVAD 176 oA ae E Loa nen 176 MN cinta ssecinsieantetintsnndiecinreaatioaindesndenmunsndenaneasdaamuetedasemenndaammeandes 177 Coo Cande SE ae ene nnn nae ene ere ere 178 28 3 1 Visualization of Candle Stick patterns cc ceeceeeeeeeeeeees 178 28 3 2 Deactivation of the Trend Component cccecceeeseseeeeeeeeees 180 28 3 3 The Recognized Candle Stick Patterns cccecesseeeeeeeeeees 181 28 3 4 The Parameters of the Candle Stick Sentimentor 183 28 4 Support Resistance SentiMentOr ccccccccccesccceeeceeeceeeeeeeeseeeseeeees 184 28 4 1 The Computation of Support Resistance Lines cee 184 28 4 2 Using the Support Resistance Sentimentors in Constant Studies185 28 4 3 Ihe Parameters of the Support Resistance Sentimentor 185 2253 Trendine enimere aea EEEa EEEE ee 185 28 6 Manually defined Sentimentors cc ecccccecsecceeeeceeeeeeeeseeesaeeseeeees 186 29 So cela a i ee or ee ee ee ee ee 186 29 1 Using Cascading SSS cen scccveveucceeesesevcvsvevexersasnesapeseuesaseseyeseneseeos 189 ene Me ARN ek SINCE a A 189 29o EMC OOII a PUGS O OMNA ercana TENE TEE 190 29 4 Displayi
138. f signal has to be generated To decide whether a generated trendsignal is correct the following approach is used A long trendsignal is considered correct if within Maximal Duration days the quote of the underlying raises at least Minimal Profit percent without hitting the stop loss limit of Maximum Loss percent Otherwise the trendsignal is considered wrong The correctness of short trendsignals is determined analogously The number of points in time which would have led to a correct signal is displayed in the fields Correct Signals Moreover these correct signals are visualized in the MasterChart Whenever the investment goal is changed the number of correct signals and the visualization are updated This allows to verify conveniently how often the current underlying did meet the actual investment goal Signal Filter It happens quite often that within a small time period many correct signals could be created If the optimization finds a parameter setting that generates signals for such a particular time range the rating becomes very good and possibly optimal as in the following example 7909 DAX CA WEN 546900 6r0s 6127 5550 g 08 07 99 2907 99 20 08 99 13 09 99 05 10 99 261099 17 11 99 08 12 99 04 01 00 26 01 00 Unfortunately this optimal parameter setting does not generate any signal outside this small time range This happens because a parameter setting which would produce signals outside this time range could create less
139. f the last Span periods RSI 100 100 1 RS RSI smoothed MA over the last Smoothness Span periods of RSI Parameter Span number of periods to consider Overbought Threshold threshold for the overbought region Oversold Threshold threshold for the oversold region Smoothness Span speed of the MA Interpretation RSI smoothed curve leaves the overbought region gt sentiment value 0 RSI smoothed curve leaves the oversold region gt sentiment value 100 Otherwise sentiment value 50 25 2 27 28 2 27 Slow Stochastic Computation Fast MA over the last Span D periods of K Slow MA over the last Span D periods of Fast where lOWspan is the minimum over close of the last Span periods and highspan is the maximum over close of the last Span periods Parameter Span K number of periods considered to calculate K Span D speed of MA for Slow and Fast Overbought Threshold threshold for the overbought region Oversold Threshold threshold for the oversold region Interpretation D leaves overbought region gt sentiment value 0 D leaves oversold region gt sentiment value 100 Otherwise Sentiment value 50 25 2 28 28 2 28 Stochastic Computation K close loWspan 100 highspan lowspan D MA of K with lowspan denotes the low of the last Span periods and highspan denotes the high of the last Span periods Parameter Span K span in periods for the K
140. figuration dialog associated with a given sentimentor is opened by either doubleclicking the sentimentor in the Designer table or by first activating the sentimentor and then selecting Sentimentors Edit Interpretation from the menu of the Designer dialog Bl Fie Sentimentors Optimization Window eee Bale e PE Aggregatiorr Approach 1 Days Performance Trac f 2 34 8 37 2 596 ro 80 Agg Reset Active Sentimentor z Reset All Sentimentors Stop Trailing Stop Stop Profit Target Stop Parabolic Stop 0 1 0 49 Stop BreakE ven Stop 1 35 0 5 Meta Sentimentor 1 Kaufmanns Sh k 2 Fix active Sentimentor Tra Fix All Sentinentors Filte Sto Export Active Sentimentor Or The principle way of working with an interpretation configuration dialog is described using the dialog for the interpretation scheme Trigger Line The other dialogs work in exactly the same way The provided screenshots show the default setting of the schemes used by Q Trader 24 1 27 1 Interpretation Scheme Trigger Line The dialog for configuring the interpretation scheme Trigger Line looks as follows Interpretation for a Trigger Line x Sentiment Series starting at E vent event perad e g 1000 50 1 Crossing above Trigger 100 2 Staying above Trigger es 3 Crosing below Trigger 4 Staying below Trigger 35 Template z Select Remove Save Cancel All dialogs for configuring an i
141. first creates all studies without updating the charts and without displaying the current position Only the X Ray is used to show the end of the current optimization period top 31 5 34 5 Viewing the Created Studies lf the SystemTester finds an improved parameter setting for the sentimentors of the underlying study this new setting is stored in the study database Computed Studies 03 01 35 10729799 10715798 12715799 12 0795 02 08 00 12 06 95 02 09 00 The From To columns denote the optimization period for which an improved study has been computed In the given example the first optimization period ended at 10 29 99 The study found for this period has not been improved for the subsequent six weeks lf a row in the table is clicked with the mouse the corresponding study becomes active and all charts and the signals are drawn with respect to this study Moreover the parameters of the study are displayed in the Designer dialog and the Eval page of the InfoBar displays the performance report for this study You may also use the Arrow Up Arrow Down keys on your keyboard to walk through the study database This allows to visualize all studies step by step and to analyze the changes from study to study 31 6 34 6 Executing the Signals of the Underlying Study As soon as the study creation process has finished the simulated trades of the SystemTester are displayed in the MasterChart Besides the Evaluator the execution of signals
142. g above alarm line Securit Simulation Simulation Study default Line 16 04 17 01 3 4 6 4 Drawing Fibonacci Levels into a Chart The drawing of Fibonacci levels into a chart is analogous to drawing a line By clicking the I button the Fibonacci draw mode is entered Now the Fibonacci construction line can be drawn into the MasterChart or into the chart window of a sentimentor MA DAX DCO3 FDAXDCOS EUX Watch MasterChart 3609 3596 5 3585 3570 3555 3540 3525 3507 10 211 15 When drawing the construction line the shift key can be pressed in order to automatically snap to the nearest high or low of the bar the mouse Is pointing to lf pressing the Ctrl key while drawing the weight of the automatically generated Fibonacci sentimentor is automatically fixed to zero i e the Fibonacci line will not influence the signals of the study When pointing to a Fibonacci level a popup window displays associated information When clicking on a Fibonacci level the Properties dialog is started that works exactly as described for trendlines top 4 7 InfoBar The InfoBar consists of three pages that can be selected by the tabs at its bottom US CSCO Iter Value O4 10 03 Thu 13 09 13 04 13 11 12 83 volume 43146400 00 Metasentiment 25 55 Equity 120 17 Periods a2 1 range 2 15 avd range mI Yo Average True Range 6 14 4 1 7 1 The Data Page The Data Page displays information corresponding to the date
143. gt sentiment sentiment sentiment the Meta Sentiment is assigned to the actual period and the subsequent periods Example CCI gt 70 and CrossangMA 100 1007 100 100 In this example the signal is valid for three periods Comments The Condition Editor interprets all characters following an double slash until the end of the line as a comment Comments can be used to structure the conditions and to make them more readable Interpretation through Conditions xX Conditions have the following format CONDITION SENTIMENT SENTIMENT Examples for Conditions CCI 90 and CrossingM4 100 or ASI 100 100 100 100 CCI 0 or CrossingMA 0 0 Delete Text fLong Fosition ICCI gt 70 and CrossingM amp 100 100 f Short Fosition ICCI 30 and CrossingMa 0 O oe Template ka Select Remove Save Cancel Using multiple Instances of one Sentimentor Type lf a study uses multiple sentimentors of the same type e g two RSI sentimentors then referring to these sentimentors requires an indexing Roll gt 70 and RSIZ gt 50 100 The first up most RSI Sentimentor in the Designer table is denoted RST1 the second RSI2 and so forth Templates Once a set of conditions has been specified it can be saved as a template for reusage in other studies To do this enter a symbolic name for the template and then click on the S
144. he Designer Evaluator and Optimize dialog belonging to this study can be started from the context menu kiveto Sia EER RAE ETR Teenie ane aaa MUY2 ETR Automatically resort MEO ETR Time and Sales MAN ETR SpeedTrader EIN ETRE DetailsBar ere Symbol Search LHVM ETR Find Eurex Options Find Warrants Template Studies gt Studies of this Security gt Hide Display Charts ara Dialog hs Evaluator Optimize top 18 11 21 11 Sorting and AutoSorting By clicking onto a column header the Live Table will be sorted with respect to that column Clicking again on the same column header the sorting will be reversed An upward downward arrow displayed in the header shows the current direction DAX 30 LiveTable x Symbol Last Bia HECHE ae LIN ETR 14 13 14 933711 1019442 SAP ETR 14 1 554 496087 CON ETR l l 14 15 26 385555 MEO ETR i 14 15 44 441356 BAY ETR l 14 15 41 1146178 DTE ETR 14 15 00 10347835 ADS ETR i 14 15 00 260011 EOA ETR l 14 16 12 1118867 VOW ETR l 14 14 32 1588247 SCH ETR 14 15 00 382477 DB1 ETR l 14 15 02 128270 RVVE ETR l 14 15 32 571212 HEN3 ETR 14 15 48 60462 MAN ETR 14 15 23 309632 CBK ETR l 14 16 03 1371421 DAX ET1 14 16 00 0 BMV ETR 14 15 01 887870 From the context menu of a Live Table you might activate the Automatically Resort option DAX 30 LiveTable LIM ETR 47700 4r 680 47 700 cage Notifications CONE ubo
145. he change in the parameter when using the up down arrows in the Parameter group box for the given parameter Instead of the default 10 any other number of steps can be chosen In case a parameter change leads to a value lying outside the feasible range or if the resulting setting violates a trading restriction then this parameter change is not conducted The result of the sensitivity analysis is visualized as follows E Sensitivity 5 Ej snsnsnsnnnnnnnnnnnnNNnNNNNNNANANNNSNNSNNSNNNNNNNNSNNNNNNANNNNNNNNSNNSNNNNNNNNNNNNNNNSENANANNNNNNSNNANANANNNNNNNNNENANANNNSNNSNNNNNNNNNNNNNNNSNNSNNNNNNNNSNNSNNNNNNNNNNNNNNNSNNANANNNNNNSNNENANANNNNNNNNSENANANNNNNNSNNSNNNANNNNNNENSNNENNNNNNNNSNESSNNNNNANANNNNNNSENANANNNNNNSNNENANANENENENEE N r 4i Threshold Long A Threshold Short Close Long Close Short CCl Span Threshold Up Trend 40 Threshold Down Trend Parabolic Stop Span tor intial High Low 80 Parabolic Stop Acceleration Increment Parabolic Stop Acceleration Max a BreakEven Stop Initial Risk 4TR ee Meta Sentimentor Smoothness Span Kaufimann s AMA Span Average scatter 15 20 Max Scatter CCl Spank 56 36 StdDew 41 97 3dlines By pressing the Ctrl key and moving the mouse the perspective of the 3D chart can be changed Clicking on a line in the legend will highlight the corresponding data Vice versa clicking on a data series will highlight the corresponding entry in the legend Using the s
146. he exchange 26 3 29 3 Embedding a Price Chart Instead of embedding a complete study it is also very interesting to just embed a price chart of another symbol An embedded price chart will follow the MasterChart in its aggregation and hence allows to view instantly how different symbols reacted at a certain time For embedding a price chart choose the Study sentimentor from the Add Sentimentor dialog Add Sentimentor xX Favorites gt Study Bollinger Bands Crossing MA MACO RSI A RSIl smoothed Meta Sentimentor Slow Stochastic oe Trailing Stop Trailing Stop EoP Click Stop Click Target Intraday BUND Moving Average Williams VAD E Stops Express Display in MasterChart Display as subwindow in MasterChart window Display as seperate window Insert as Sentimentor Filter Stop Cancel Then highlight the symbol to be embedded e g Select Security H E Simulation Sy Dde H E FidesHistory H E Quote Files Fey Patz HS HE AEX mE CME H eCBOT HE ENXT_PAR Sal Liffe H E NYMEXCR SE MEUIEX FDA hme GES fH FAS JUNO E FDAX SEPOG Sy FESS H E FGBL fy FGBM Sy FSM RAESMROG CME Overlay MasterChart 5 x ao AAE Annae Gale m e 5 4 Mint ESMROG CME Overlay 1794 501 hlaketProfile 1 Daw m 1293 50 j hi LTA 1290 00 Tht to 7 soy OT dal m 1287 50 T Hh ae 264 75 4 22 02 15 48 16 12 16 36 17 00 17 24 17 46 m gt
147. he last Span periods of plusDI averageMinusDI MA over the last Span periods of minusDI Parameter Span number of periods to consider MA Span speed of the MA Interpretation averagePlusDI crosses averageMinusDI from below sentiment value 100 averagePlusDI crosses averageMinusDI from above sentiment value 0 averagePlusDI gt averageMinusDI sentiment value 65 averagePlusDI lt averageMinusDI sentiment value 35 otherwise sentiment value 50 25 2 8 28 2 8 DMI Dynamic Momentum Index Computation s Standard deviation over the last Deviation Span periods S MA over the last Smoothness Span periods of s T INT 14 S s RS sum of the ascending close values of the last T periods sum of the descending close values of the last T periods RSI 100 100 1 RS Parameter Deviation Span number of periods to consider for the standard deviation Smoothness Span speed of the MA Overbought Threshold threshold for the overbought region Oversold Threshold threshold for the oversold region Interpretation DSl curve leaves the overbought region gt sentiment value 0 DSl curve leaves the oversold region gt sentiment value 100 Otherwise sentiment value 50 25 2 9 28 2 9 DSS Double Smoothed Stochastik Computation lowi min close J j 0 Span 1 high i max close j J 0 Span 1 DSS 100 XMA seysa span XMA ETR close low MA EMA Span XMA EMA Span high E low
148. he quote files using Q Trader The renaming functionality relies on the text file WknToName txt of the installation directory Each line of this files consists of two entries of type lt old filename gt lt new filename gt e g DCX txt DaimlerChrysler DCX txt You can use an arbitrary text editor e g Notepad to adapt WknToName txt to suit your needs To start the renaming mechanism use the menu entry Extras Rename Quote Files This will rename each file of the Quotes directory as specified in WknToName txt 28 3 3 31 3 3 Structure of a Quotes File Line IQ Trader allows to specify an arbitrary number of quote file layouts These layouts are associated with the file suffix e g txt or prn of the quote files When loading a quote file Q Trader automatically selects the corresponding layout x eSignal DDE Simulation Quote Files Market Maker WiSo TeleB rse TaiPan MetaStock RealTick bis ConsorsTrader TaiPanRT coc WM Activate Quote Files QuotesDir C Programme Fipertec D ynamite SentinentorsOuotes Browse Date Format DD mmm r Date Separator Resulting Format DO O mmm rr Time Format HH MM 55 Ignore initial i line s of each quote file Value Sequence date open high flow close volume none none none Field Separator Mumber Format 12345 5678 r Missing Value j Abbrechen Semene Each line of a quotes file c
149. hreshold indicating an downward trend Morning Star search 1 ignore 0 Evening Star search 1 ignore 0 Three Soldiers search 1 ignore 0 Three Crows search 1 ignore 0 Bullish Engulfing search 1 ignore 0 Bearish Engulfing search 1 ignore 0 Outside Up search 1 ignore 0 Outside Down search 1 ignore 0 top 25 4 28 4 Support Resistance Sentimentor 25 4 1 28 4 1 The Computation of Support Resistance Lines The support resistance sentimentor computes price levels that can be interpreted as support resistance lines If the quotes approach such a price level from above the level is interpreted as a support line and it is assumed that the prices do not fall below this level Analogously such a price level is interpreted as a resistance line if the prices approach this level from below Before a price level is interpreted as a support resistance line the prices have to show several turnarounds near this level Near means the price must be contained inside an x percent interval of the price level in question A turnaround is defined as two ascending prices followed by two descending prices The low or top of a turnaround has be near the price level This method of computing support resistance lines ensures that the interpretation is always independent from the future The following example shows the computation of a support resistance line where near is defined as a 2 interval and 5 tur
150. ies it is extremely easy to define a personal toolbar providing fast access to the most frequently used features The configuration dialog can be started through View Customize Menus amp Toolbars x Commands Toolbars Keyboard Meru Options Application Frame Menus Context Menus Show Menus for Default Menu ay Reset af Select context menu Default application menu ppears when no documents ale open Hint select the context menu change the page to Command and drag the toolbar buttons into the menu Menu animations None windo W Menu shadows 2 5 MasterChart 2 1 5 1 The MasterChart The so called MasterChart displays the chart of the security being analyzed For analyzing a MasterChart you can attach as many sentimentors as you like These sentimentors may be overlayed in the same window may be shown in a sub window of the MasterChart or they may even reside in an individual window 2 2 5 2 Loading a MasterChart The data of a MasterChart will be read from a data source that has been activated All activated data sources are shown in the WorkspaceBar M Dynamite Sentimentor File Portal View Tools Scripts Extras Help e PEC Osma mam H Depots H E LiveTables H E Scripts H E Manual Sentimentors 4 Simulation H S eSignal a Sy Fides H MetaStock H E Quote Files In the example shown above access to the simulation price ticker eSignal Fides MetaStock and
151. ile 8150 5100 s050 S000 4950 4900 4550 4500 ATIF H 4 10 28 10 03 11 04 11 15 11 21 11 10 00 MarketProfile Settings l x Base MarketProfile on 1 TradingDays Cancel Traders claim that prices tend to revert to peaks of the MarketProfile the prices usually do not stay between peaks Hence the peaks are good for placing Stops or ProfitTargets They are also good for defining entry points This arguing makes some sense as the fact that there is a peak at some price level indicates that the traders thought that price level to be important for whatever reason So there are good chances that those reasons will also apply a bit later As the MarketProfile is calculated from the final period backwards it is only displayed if the final period is part of the current zoom 2 12 5 12 Sentimentor Context Menu Right clicking on the sentimentor s legend will pop up an associated context menu M Dynamite Sentimentor DAZ DCO3 FDAXDCOS EUX 1 Min F Watch Future Tradir g ioj x File Portal wiew Window Tools Scripts Extras DrawingTools Help es Dam CBaSesan T 22x 4h Mg MACD of DAXDCO3 FDAXDCO3 EUX Watch Senti 65 00 i Min 7 DAS DCOS SFOAXDCOS EUS Watch JEgaaeds yoni 7 2010 14 36 15 02 15 35 16 14 16 50 17 26 16 03 E min MACD 12 26 9 DAX DEEE 1 Aggregation of MACD MACD Visualization Settings Display MacD in Mastertnart Display MACD in a seperate window Remove MACD Ha
152. ing the Trading Approach and the Evaluator ccccceeeeee Specifying the AQGregation cccccccsscccsscecseeeceneeseneeseneessneessneessneeees h a h O Ti eo 82 Ts a gt Se E ene eee eee eee 17 12 Changing Parameters of a Sentimentor ce ccececeeeceeeeeeeeeeees 17 138 Visual Feedback on Parameter Chande s cccceececseeeseeeeeeesaees 17 14 9 Faramello ee eee 17 15 Resetting all Parameters of the active Sentimentor 17 16 PRESETING All PAlAMOIelS oxox co ciccceciceeccechevcscscecvecestiareiascadoeaeseadeacs ceed 17 17 Exporting the Active SentiMe ntOr ccc ccccceeeceeeeeeeeseeeeeeeeeaees PA Me eRe eer 17 19 The Meta Si a vrs da vis ess ces nares nada idacidsedaewianedeenieesdaass 17 20 Displaying the Equity wWinGOw ccccsccsseceeeceeeseeeseeeeeecaeeseeeseeeaes 17 21 Creating a Report for the Trading Approach cccccccceeeeeeeeeeees 1 22 TI Time Pernods esensina a a i 17 22 1 General NOteS ccccceccsseecseeeeseeteeeseneeeeeteeteueeeeeesesteneeeaeess 17 22 2 Visualization of the Time PANGS sccccawcncececccecestaccncectadcccrscacseces 17 23 Specifying the Evaluation Time Range cccccccceeeeceeeeeeeeeeeeeeees 17 24 Specifying the Control Time RAnge ccccccccsseecsseeteseesseeesseeeees To PRR eee ee 17 26 Switching to the Tail Time Range eee ceeccececeeeseeeeeeeeaees 17 27 Visualization of a
153. ipboard Detach Chart from Main Window Fi j T a a T 5 7 Al oo m C m EL T Q bi a 05 02 1230 i300 a 14 00 ii 05 02 08 Tue 15 40 data 682 10 37 50 Ticks g 2 4 5 4 Line Chart Candle Sticks Bar Chart To change the charting style just press the corresponding tool bar button IEE The charting style is saved with the study 2 5 5 5 Zooming To zoom inside a window press the left mouse button and drag the mouse This will create a rubberband that marks the region to be zoomed to When releasing the mouse button the zoom will be executed Wi DAX DC03 FDAXDCO3 EUX Watch MasterChart Min DAX DCOS FDAXDCOS EUX Watch 17 10 20 10 09 34 10 09 10 44 11 19 11 54 12 29 4 Using a right click on the chart background you can go back to the previous Zoom range fi Dynamite Sentimentor test DAZ INO4 3 FOAXINO4 EUS 10 T TradeGuard Future Tr Ioj x File Portal wiew Window Tools Scripts Extras DrawingTools Help Nee CORS SAM Tie PG DAX JNO 4 FDAXJNO 4 EUX TradeGuard MasterChart a e lll POT OAs JHO4S fFOAAIAOSF EUS Tradeuard Crossing MA 10 20 Jegaaeds yo tl h 6 03 14 30 30 03 04 Tue 10 03 data 3692 0 y 3798 6 O 3091 5 C 3092 0 H 3092 0 L 3691 5 Wie SE g To fix the lower upper price to be displayed slide the small triangle in the price scale To go back to auto zoom mode right clic
154. is only taken into account when the Line Style is set to solid Sentimentors that use the price scale as Y axis can be overlayed in the MasterChart by selecting Display Sentimentor in MasterChart Each sentimentor with a graphical representation can be displayed as a sub window of the MasterChart by selecting Display sentimentor as a sub window of the MasterChart 14 28 17 28 Aggregation of a Sentimentor Multiple Time Frame When choosing Aggregation from the context menu of a sentimentor a specific aggregation for this sentimentor can be defined Adobe Systems US ADBE 1D Trend E File Sentimentors Optimization Window ingTools Help cB Pas oS PALE Be A B x cL Aggregation Approach US Trend 1 D 5 Day s Performance Trad Stop Trailing Stop Stop Profit T arget Meta Sentimentor Kaufmanns AMA Visualization Display the sentimentor as subwindow of the MasterChark window Display the sentinentor in MasterChart Parameter Spar actual miim Sensitivity of the Sentinentor l E n EB EI 2 r Sensitivity of the Parameter Evaluation Time Range Tabu Search for active Sentimentor from 17 3 00 Exhaustive search For active Parameter AH kA AH Edit interpretation Apply Close Active Sentimentor in Foreground Reset Active Sentinentor taStock Fix active Sentimentor ate Files Export Active Sentimentor Remove Active Sentinentor The Sentimentor
155. isplaced by Resistance Delta In case the price is above the support zone or below the resistance zone the sentimentor can be configured to expel a specific sentiment The following graphic shows the zones of a trendline aaa Always Support Sentiment 65 _ _ 49 96 na B Support Zone Sentiment 75 46 42 Resist zone PT L ry 46 88 a 45 34 Always Resist Sentiment 35 43 79 07 03 01 15 03 01 26 03 01 04 04 01 12 04 01 24 04 01 03 05 01 11 05 01 22 05 01 01 06 01 12 06 01 Parameter Support Delta for defining the support zone 0 no support zone Resist Delta for defining the resist zone 0 no resist zone Always Support 1 activation of Always Support Sentiment 0 deactivation Always Resist 1 activation of Always Resist Sentiment 0 deactivation Interpretation Trendline is crossed from below gt Sentiment 100 Trendline is crossed from above gt Sentiment 0 Price inside the Support Zone gt Sentiment 75 Price inside the Resist Zone gt Sentiment 25 Price above the Support Zone and parameter Always Support is set to 1 gt sentiment 65 Price below Resist Zone and parameter Always Resist is set to 1 gt sentiment 35 Else Sentiment 50 top 25 6 28 6 Manually defined Sentimentors A manually defined sentimentor provides the parameters buy threshold and sell threshold which are used for interpretation top 26 29 Cascading Studies Casca
156. itivity Analysis of a Sentimentor Equals the analysis of the complete system but only the parameters of the selected sentimentor are examined top 14 29 4 17 29 4 Sensitivity Analysis of a Parameter Only the active parameter is examined using its complete value range top 14 30 17 30 Trade Histogram Using the menu entry WindowlPerformance Histograms or the toolbar button Ml a dialog showing all trades as a histogram can be opened E Trades Yahoo US YHOO 1 D Trend Performance Trading x Trades StdDev 14 56 Average 7 45 50 50 40 40 30 30 20 20 10 10 0 0 10 10 Jal Trades hal This is view is a very interesting supplement to the equity chart as it shows clearly the relations between winning and losing trades as well as series of winning and losing trades Whenever the underlying study is changed of new ticks arrive the histogram is updated automatically The selection box allows to switch to a number of different histogram modes US YHOO 1D Trend Performance Trading x O Monthly Performance Yahoo Monthly Performance StdDew 11 17 Average 5 36 14 31 17 31 Adding a Sentimentor as a Filter Quite often one wants to exclude certain trades if the overall market conditions do not meet certain requirements E g many traders avoid long positions in long term downtrend markets even if there is a good chance for a small rally Q Trader supports filters within studies to express this kind
157. k on the triangle or doubleclick into the area to the right of the price scale For fixing the start of the time scale activate the pin at the lower left side of the chart New bars through incoming ticks will be added to the current zoom and hence the number of displayed bars in the zoom will increase In order to display always the same number of bars deactivate the pin by rightclicking on it Each newly created bar will then automatically push the oldest currently displayed bar out of the zoom By dragging the scroll bar you can move the data window All associated sentimentors will reflect the scrolling To ensure that you are informed whenever a new period starts because of incoming ticks Q Trader automatically scrolls the window to show the final period Sometimes though it is convenient to suppress this behavior This can be achieved by activating the Freeze mode through the pin at the lower right corner of the MasterChart of through the Designer dialog In this case the charts show a hint to indicate that the live tick processing is blocked M Dynamite Sentimentor test DAX INO4 FDAXINO 4 EUX 10T TradeGuard F utur oj x File Portal wiew Window Tools Scripts Extras DrawingTools Help 6 RES CBaesean Re r HWE BO DAX ING4 FDAXJNO4 EUX TradeGuard MasterChart l 1d HESS JHO4 SFOAAINOA EUS Trade Guard MA 10 20 z oe J Live Ticks are buffered Jegazeds yomi T 26 03 12 40 16 20 29 03 12 40 16
158. ko technique transforms the given price data in a specific way in order to just show significant price moves Parameter Box Size Defines the size of a box In case this value is given as a negative number it is interpreted as an absolute price value A positive number is interpreted as a percentage Reversal Amount Required minimum change in boxes in order to signal a trend reversal Interpretation The interpretation can be defined through the Renko scheme Interpretation fiir Renko X Sentiment Seres starting at Event event period e g 100 90 1 Start of Upward T rend 100 2 Continuation of Upward T rend e5 3 Start of Downward T rend jo 4 Continuation of Downward Trend 35 Template Select Remove Save Cancel 25 2 25 28 2 25 RSI Computation RS sum of the quote gains of the last Span periods sum of the quote losses of the last Span periods RSI 100 100 1 RS Parameter Span number of periods to consider Overbought Threshold threshold for the overbought region Oversold Threshold threshold for the oversold region Interpretation RSl curve leaves the overbought region gt sentiment value 0 RSIl curve leaves the oversold region gt sentiment value 100 Otherwise sentiment value 50 25 2 26 28 2 26 RSI smoothed Computation RS sum of the quote gains of the last Span periods sum of the quote losses o
159. l automatically query daily data Quit the dialog by clicking OK The WorkspaceBar of Q Trader is updated automatically and shows the SLF filenames as folders Ba Dynamite Sentimentor File Portal wiew Tools Scripts Extra Jat GEaSse workspaceBar ini x H E Depots H E LiveTables H E Scripts H 2 Manual Sentimentors H E Simulation S Sy My Futures Sy Euro Fx 2 H S DA Futures H EJ Masdagi 00 H E MetaStock H Quote Files lf after loading historical dailiy data the chart looks like this Microsoft Corporation MSFT WE ye UTM OR Win i 7 i 45 10 08 19 09 22 10 24 11 ardi 31 01 06 03 0917 04 then simply change the aggregation of the data to Daily A vertical grey line indicates the peginning of a new day in intraday ia Eile Sentimentors Evaluators Optimization Window Extras Parameter Smoothness 5 pan 2 Lower Bound i a Upper Bound 3 PP ml Reset Const Evaluation Time Range Get Eval tr From 6 4 0 00 To 17 4 0 00 All IE Tail Apply Exhaustive Close total performance 1 37 total of trades 1 winning trades 1 losing trades 0 percent profitable 100 002 profit factor n a Weights only 28 5 31 5 Accessing eSignal Data To activate the eSignal access choose Extras Data Sources from the main menu select the eSignal page and proceed as follows x Quote Files Market MakenWiSo T eleBors
160. l wiew Tools Scripts Extras Help wh iti 2 IS 481 18 WorkspaceBar H E Accounts H E TradeMaster H E LiveTables H Scripts H E Timed Exits amp Filters H E Manual Sentimentors H 9 Compound Symbols H E Dde H E FidesHistory H S Quote Files Note that DySen automatically assigns the order defaults of the original security to the recording 20 2 23 2 Create a PlayBack for the Last Trading Session To create a PlayBack based on the last trading session of a Tradable Security or any symbol available through a connected data feed just rightclick on that symbol in the WorkspaceBar and choose Create PlayBack for latest trading session Bd Dynamite Sentimentor File Portal View Tools Scripts Extras Help ian i et i2B4 8 1f Blas e WorkspaceBar 1x a Help Center By Accounts ED Papertrade EME Local 2 DEMO demai E DEMO demo2 By Tradable Securities H E CBOT CME se GbxEurodlr ES mini Sa At mini S amp P E mini S amp P 3 Symbol Details E mini S amp P D Template Studies JI mini S amp P I mini S amp P MA mini S amp P Time and Sales t mini 5 amp F DetailsBar i mini S amp P Copy Symbol ID to Clipboard J mini S amp P 5 miniNASDAO Create PlayBack For latest trading session Open SpeedTrader This feature allows to experience the PlayBack without having seen the chart of the last trading session and thus provides a most realistic training environment 2
161. latility in Percent min jo max Poo Abbrechen Ubemnehmen 29 32 Some Specifics when working with realtime data Realtime studies show the following characteristics different from end of day based studies e Whenever an arriving tick leads to the creation of a new bar the zoom is changed such that this new bar becomes visible e To reduce the loading time for historical ticks Q Trader caches the ticks that have been requested This caching mechanism continues even if all consuming studies of ticks for a given security are closed This allows to reopen a study extremely fast because no data has to be reloaded from the data provider e Make sure to use an appropriate aggregation in the study otherwise you may end up with thousands of periods and the system slows down e Incase after loading the data the chart looks like this WMV EY th E a r ui i E ji i hi i Tl h if My e Mm Nae Ti i 10 08 19 09 2210 25 11 oF 12 31 01 06 03 09470 then simply change the study aggregation of the data to Daily A vertical grey line indicates the beginning of a new day in intraday charts File Sentimentors Evaluators Optimization Window Extras Parameter Smoothness 5 par 2 Lower Bound f a Upper Bound 3 PP Ej Reset Const Evaluation Time Range Get Eval tr From 64 0 00 To 17 4 0 00 All Ir Tail Apply Exhaustive Close Weights only 30 33 Optio
162. les corresponding to the current MasterChart However you can also load an arbitrary configuration file by navigating to that file e g you could navigate to standard dys and adapt it Alternatively a study can be loaded from the WorkspaceBar Below each quote file the labels of all existing studies for that quote file are displayed Wei Dynamite Sentimentor Adobe File Portal View Window Tool e oe a lane WorkspaceBar ay Depots H E LiveTables H E Scripts H E Manual Sentimentors H Simulation l on Fides ead My Futures n e bA Bollinger bA BreakOut Pann T ISP 3 Blt BAX DCOS s i Euro STOXX 50 DCOS lif Euro BUND DCOS NASDAG 100 SS Index DAX 30 Xetra H Y Index DAX Futures H N DJ Stoxx 50 Futures ak a iESZ3 By doubleclicking on a shite this study and the corresponding MasterChart are loaded After loading a study Q Trader zooms automatically to the evaluation period specified in the study 14 5 17 5 Open Template Study With FilelOpen Template Study a template study can be selected and loaded When using FilelSave the study is automatically assigned to the current MasterChart using the name of the template study as the study label A security can be loaded directly with a specific template study by rightclicking on the security in the WorkspaceBar Wa Dynamite Sentimentor File Portal View Tools Scripts Extras Help es ped 8S RSSA
163. load encrypted studies that are expired This enables interesting time based licensing models of studies In case an expired study is attempted to be loaded Q Trader automatically loads the standard study In addition to a time based validity a study can also be licensed to a specific DySen user To bind a study to a user enter the user s user name If no user is defined then anybody can work with the study If the study should only be available during the trial period of Q Trader enter DEFAULT as user name top 14 7 2 17 7 2 Decrypting a Study lf the Crypt File dialog is started for an already encrypted study Q Trader asks for the corresponding password Password E Please enter the password Cancel After entering the correct password the Crypt File dialog is started with an additional button Crypt File x C ProgrammesFipertec Dynamite Sentimento Dys Dow Jones Industrial 969420HT rend dys Password mn Password verification mr File expires never 12 09 2002 Save Uncrypted __ T By clicking Save Uncrypted the dialog is quitted and the study is saved uncrypted 14 7 3 17 7 3 The Designer Dialog showing an Encrypted Study When targeted to an encrypted study the Designer dialog appears as follows DAZ DCO3 FDAZDCO3 EUX 1 Mint Wate Fie Sentimentors Optimization Window kD B E e x B Aggregation Approach IH Minutes fix Future Trading Please enter the password
164. log are used as the initial study by the SystemTester As the sentimentors have just been optimized there is no need to perform another optimization by the SystemTester Hence the default setting of O Tries for optimizing the initial study can be left unchanged In case an additional optimization of the initial study is wanted the optimization effort in terms of Tries has to be specified The following settings define how the SystemTester adapts the optimization period after each optimization signal execution iteration Wealk forward end 06 03 2001 Start fixed Nem optimization every i penod s Triez 250 Create The Walk forward end defines the date until which the end of the optimization period has to been moved successively lf the beginning of the optimization period is to be kept unchanged within the whole process the field Start fixed needs to be checkmarked This leads to a successive enlargement of the optimization period with each iteration of the walk forward process If the beginning of the optimization period is kept unchanged the trades of the underlying study are rarely changed and this finally leads to a reduced number of signal changes in the System Tester The setting Haim Petes defines that the end of the optimization period is moved forward one period after each iteration When specifying 5 say the result of an optimized study would be applied for the subsequent 5 periods without an optimization
165. ltDysFile dys file to use in case no S DefaultDysDir short_buy dys dys file with the appropriate label see below can be found for a given quote file After the optimization a dys file with the proper label will be created DysLabel The label of the dys filesto ShortBuy use LogDir Directory for storing log S ReportsDir Dax30 files ResultDir Directory for storing the S ReportsDir Dax30 result report Algorithm Algorithm to be used TabuSearch Currently only TabuSearch is Supported MaxSeconds maximal runtime in seconds 1200 per underlying 1 means unlimited MaxTries maximal number of tries per 1 underlying 1 means unlimited 21 13 24 13 Logfiles When processing a script a so called activity log is created The activity log is being displayed in the ScriptViewer Moreover a result report is created that is automatically displayed in the RatingBar after the script run has terminated The filename of activity logs is of the format lt Dyslabel gt _log_ lt date time gt log Result report files are named lt Dyslabel gt _result_ lt date time gt log Using Scripts Print Logfile a result report can be printed 22 25 Manually defined Sentimentors 22 1 25 1 Areas of Application A sentimentor can be created manually by defining fixed sentiment values for time periods Typically a manually defined sentimentor is used in conjunction with the Meta Sentimentor to bias the sentiment in certain pe
166. luator Performance Evaluator cccecceccseccseceeeeeeteeeeeseeseeeeeeteeseeeeseeeeeeaess ECEE e e E E A E E EE Money Manageme n ccccccsecceecceeeceeeceeeeueceeceeeseeeseeeaeesaees ee re a ccs eee ce deccctcideeignandeeigt ced cectcaduancseideeierdee 1224 oo or SdnAlS eer eee een teen eee 18 3 Optimization Goals and Constraints for Trading Strategies yop a Me 0021s AL 2 2c ee k 00 a CO Oo NN 1 ook CO ad No Q Q 00 Optimization Goals ceccccecccceeccceeeeseeeeeeeeeeeeesseeseeesseeesseeeeas Defining A so 6 Cin eee nee Optimizing with Embedded Sensitivity Analysis Optimizing with Embedded Sensitivity Analysis On Rca vine Ne ee PRO sc ny ae E N TAA Defining the Stop CliShON sissssccravacansasnasansesesinvanavedewaianadanenanebansdes ALOA ECE ass cc netic sie E aaen annua anata ipa EE E ET Progress control Optimization History Be DEE orina DESEE LIVE TADIOS cece cceccccccecccceccccccecccceccceacececeaceteneaceneaesceneaesceneacsueceaesneneas What is a Live Table 0 0 2 cccccccccccccceccccccecccccceccccuccceacsceceavsneceaceneneas apana A Lva Tane oaia Creating a new Live Table cc ceccccecccssceceeeeceeeeseeeeseneeseneeseneesaaees Adding Symbols to a 8 SUE 6 ane eee arene Attaching a study to a LiveTable s SYMDOI cc cccceecceeecneeeeeeeeees Removing a study from a Live Table ccccccceecceeece
167. mencutscwueeueesuueceseeuseeasesweesestesttes 222 PRI CUO SIG CAE i N E A A 222 SONI US a vnvirnisirndnienictinndainaidionasenbawadsitandeninewanensnentiwmintndientnesdmentvsetiesdvantientinns 223 Automatic Update OCNeCK soci ce eden ckextcs ce dadesace eetes ce deeceteedeasarcidveias 223 Waste So ees is ee ee 223 DICR Ar EEEE EEEE 223 stalling the Svstem Tester icesecivscaveraivencvccsavicscescwarsensvecdasssssederuisensys 224 Creation of Studies cccccceeeceeeteseeeseeteeeeeneeeeeteeeteneeeaeenseeteueeeneens 225 Visualization within the Study Creation Process cccsccsseeeseeees 226 Viewing the Created Studies oerein aaa 227 Executing the Signals of the Underlying Study ceeeceeeeeee ee 228 BOLEA a EE E E E E EE 228 Saving and Closing the SystemTest GialOd cccccccssecsseeeeeeeeeeeaeeees 229 some Hints for Using the SystemTester cecccceccceseecseeeseeeeseeees 229 Oe eos Suite 10 ee ne ee ne en eee ee ee 229 EEE U 2 EEE EE 229 Scinaia Ai s PAO A E EE sem EAs 230 Enternng De ACE KOY oecon EaR E EAEE E 230 Known ProblemS ccceecceeecseeteeeceeeeeeceueeeseteeeteeetaeeeaeseneteneteeeteeenaeenes 230 1 Introduction Welcome to Berkeley IQ Trader This document will guide you through the installation process and explain how to work with IQ Trader lf you would like to learn more about the functionality and features offered in IQ Trader please contact our designated support desk on
168. ments Sometimes it is desirable to define the Meta Sentiment based on a number of if then conditions e g If the CCI indicates an upward trend and there is an upward crossing in the Crossing Moving Average sentimentor then the Meta Sentiment is 100 These kind of conditions are commonly used in the classical approaches for defining trading systems IQ Trader allows to define such rules by accessing the sentiments of sentimentors used in the study Starting the Condition Editor The Condition Editor is started by double clicking the Meta Sentimentor in the Designer table Dow Jones Industrial 969420 Trend Performance Trading es Eile Sentimnentors Evaluators Optimization Window Extras Approach Performance Trading Aggreg 1 Dat Hotes f c Fipertec Einfaches trendfolgendes Systern Sentimentor Aroon Add Filter Stop Remove Stop Parabolic Stop Meta Sentimentar h al FRautmann s AMA Farameter Smoothness 5 par 4 z Lower Bound f Ej Upper Bound 5 x PF j Peset _ Const E valuation Time Range Get Eval tr F 1 T 8 rom 1 1 99 o 7 8 02 al Tai Optirnize Exhaustive Close total performance 37 97 I Weights only The Editor looks as follows Interpretation through Conditions xX Conditions have the following format CONDITION SENTIMENT SENTIMENT Examples for Conditions
169. n a embedded in a 1 min FDAX study Wy Dynamite Sentimentor test FDAXMRO6 EUX 1 Min f Plain Future Trading File Portal view Window Tools Scripts Extras DrawingTools Help SIRE BIBS RSH SB MAME Anaal ex 10 x Wj Study of FDAXMRO6 EUX Plain Senti Block 1 Min f FDAXMRO6G EUX Plain sBgeaaeds x04 tl FDAXMRO6 EUX 1 Min f Ple xj File Sentimentors Optimization Window My fay Bl EIX amp Aggregation Approach 1 Minutes fix Future Trading gt p eee ae Filter Study FOAXMRO6 EUX 60Min Filtef Parameter Sentiment Mapping O thresholds 1 as is _ min max Reset o fo fi Constant Evaluation Time Range f rom 23 2 9 00 x to f23 2 s45 x H AH hal ak T Tal J Freeze Chart e 23 02 06 Thu 09 00 data 21092 0 y 59773 3 O 5879 5 C 5883 0 H 60 minute FDAX study This study is iol x 2 E ed A RiMeta Sentimentor of FDAXMRO6 ioj xi B 60 Min f FDAXMRO6 EUX 6OMin Filter enn A 3 5883 0 pa m g j 5850 3 f 3 Ht 7 9tT 4 l jorin jagal o 5800 5778 18 20 02 21 02 22 02 23 02 a f x lt Volume 5 3 0 FDAXMROG EUX 60Min Filter 60 Min f a 20 02 21 02 22 02 23 02 Crossing MA 1 19 FDAXMRO6 EUX 60Min Filter 60 Min f 20 02 21 02 22 02 FDAXMRO6 EUX 60 Min F Fie Sentimentors Optimization Window Aggregation
170. n additional sentimentor is loaded or a sentimentor is removed As an alternative to computing the Meta Sentimentor as the weighted sum of the individual sentimentors it can be defined by logical conditions that are explained in a separate section sometimes it is interesting to vary only the weight parameters in the optimization but none of the other parameters This can be achieved easily by checking the Weights only checkbox 14 20 17 20 Displaying the Equity window The development of the equity when trading the generated signals can be visualized in the Equity window Using the menu entry WindowlEquity Window the Equity window can be shown or hidden The equity curve is very important for determining the quality of the generated signal series The curve should be smooth and ascending without significant drawdowns In case the current trading approach is Trendsignals the Equity window displays the cumulated evaluation points 14 21 17 21 Creating a Report for the Trading Approach By clicking the Report button of the Designer dialog a report of the actions resulting from the signals can be created Evaluation Report Date 31 08 00 15 40 17 Dys File C IQ Trader Dys SAP VZ X 1716463 default dys Sentimentor Meta Sentimentor Approach Trading Evaluation Performance Date Action Size Quote Comm Trade Profit Account 07 05 99 10000 00 10 05 99 buy 115 63 188 27 07 99 sell 8 126 71 20
171. n update without a price change Note these colors as all colors used by Q Trader can be configured through the ColorManager accessible through the main menu ExtraslColors Right clicking on a Time amp SalesBar opens the context menu 5 x eee 7 2 Bi KBE Bal gt TS 04x OCOS Last Bid Ask v Time Date l 18 49 36 Mene 18 49 32 15 49 32 18 49 30 18 49 30 18 49 30 18 49 29 Tada Load data since begin of trading session Load data since yesterday Load data for 2 days Load data for 3 days Load data for 4 days DySen FIDES Trader Extension Load data for 5 days 10 20 03 10 20 03 10 20 03 10 2003 10 20 03 10 2003 10 20 03 10 2003 1arenins ax ggu bel The DySen FIDES Trader allows to load Time amp Sales data for up to 5 trading sessions 7 10 SpeedTrader Bar Just as a Time amp SalesBar a SpeedTraderBar can be opened from the context menus of realtime securities top B Dynamite Sentimentor test Aala 3 i Account IPI Eile Portal View Tools Scripts Extras Help p Trad Ta aper Irade volume Me Bid Price Ask Me eas Cle amp aHa 3893 0 892 Last 909 f H E Accounts e EEE Spreads 3884 0 J Live Tables 2 1990 5 H E Scripts Volume O E Ee Manual Sentimentors 11 39895 H Simulation Payne 3889 0 39 H E Compound Symbols Position Size 3988 5 27 a Fides 0 3888 0 61 o E My
172. narounds are required before the line is established and taken into account for interpretation SuppotResistance 6 27 5 T985 rae T519 T206 e ame e a 7053 si A 1 5 F 6819 2 3 6566 EAO T E TO cenit ieeteacsucme _ 6353 6120 5587 2211 99 10 01 00 240200 120400 01 0600 190700 0409 00 2040 00 071200 26 01 01 150301 gt The numbering shows the five required turnarounds near the support resistance line Note that a turnaround is finished two periods after the respective high or low This is reflected in the graphic As long as the line does not show enough tests it is drawn as a dashed line When it becomes a valid line after the fifth test its support region is visualized with green and the resistance region with red In order to have some meaningful interpretation of the support resistance lines for a security it is necessary that their respective support resistance regions do not overlap If this is the case for a pair of lines that one with the most hits is taken If both lines have the same number of hits the line is taken that reaches the minimal required hits earlier 25 4 2 28 4 2 Using the Support Resistance Sentimentors in Constant Studies By construction of the support resistance lines it may happen that the computed lines change after updating the price data This may happen if the new price data contains some turnarounds that lead to a displacement of previously established lines Hence thi
173. nce he Willams YAD E Stops E Express x i Display in Masterchart Display as subwindow in MasterChart window Display as seperate window Insert as Sentinentor Filter Stop i Cancel A stop sentimentor closes a long position if it shows a sentiment of 0 A short position is closed if it shows a sentiment of 100 The stop leading to exiting a position is shown in a popup window when pointing to the exiting signal Amazon com US AMZN Trend 1 O 32 20 L pza f F prire ihera here OT parher h 15 5 112002 aT 1a exit long Stop 19 350 R51y In the example given above a Parabolic stop is used in conjunction with Kaufmann s AMA used as stop sentimentor The latter cannot be visualized as it relies on sentiments not on price levels The popup window shows that the Kaufmann s AMA is responsible for the exit signal Because stop sentimentors are based on sentiments not on prices they are always evaluated at the end of a period not within a period O96 02 LELETET TOA Fe top 14 33 17 33 Deleting a Sentimentor To delete a sentimentor first click on it in the Designer table to make it the active sentimentor Then press the Delete toolbar button Aggregators i k a Deletes the active Sentimentor iDavfs Petomance rad A sentimentor can also be deleted by just closing the corresponding window or through its context menu top 14 34
174. nce Trading constrai E1 File Sentimentors Evaluators Optimization Window Report Approach Performance Trading Aggregatior i day s r ae Notes bd Sentimentor Aroon Add Remove Para 1 Para 2 Para 3 Para 4 Para 5 Para 6 Para 7 Pe 48 38 65 g 12 Meta Sentimentor a 2 J 10 3 O Stochastic Local Highs amp Lows MACD Histogram Momentum On Balance Yolume Kaufmann s Sh Parameter l total performance 104 10 amzalie pan E total of trades 15 Lower Bound f winning trades 14 E losing trades 1 Upper Bound 50 percent profitable 93 33 Reset Const Time Range for O ptimizatior From 1 2 98 To Of 30 Get All Zeon Optimize Exhaustive Close Mow Settings do not meet the constraints By clicking this button the Constraints dialog is displayed Moreover the title bar of the main window displays the text constraints violated f Dynamite Sentimentor Dow Jones Ind 969420 trading Performance Trading constraints violated File Portal View window Tools Scripts Extras Help 2 peen HEREA Mi H laid em 15 3 4 18 3 4 Optimizing with Embedded Sensitivity Analysis The constraints max Parameter Scatter and avg Parameter Scatter allow to include results from the sensitivity analysis Evaluator Settings X Performance Money Management Trading Constraints Control Period Optimization Goal
175. ndows hides all other windows FH Tile Layouts all sentimentors in rows and columns Tile Horizontal Layouts all sentimentors horizontally Tile Filter Layouts all MasterCharts and associated filters Free Placement All windows need to be positioned manually When resizing the main window all windows will be resized proportionally top 2 10 5 10 Displaying MarketDepth and Time amp SalesBars in the MasterChart Rightclick on the MasterChart legend to open the associated context menu It shows entries for SoeedTrader and Time amp Sales display in case the underlying data source provides this information Mi Dynamite Sentimentor Simulation Simulation 5 Min f TradeGuard Future Trading z ioj x Fil Portal View Window Tools Scripts Extras DrawingTools Help Aee SEEE EEM MAReA 2 82 hilh 161 xi Beet Min t Simulation Simulation TradeGua MarketProfile ol Jegaaeds yAn T Save Study i Save Study as 1 i Save as Template Study Int J Me Remove all drawing tools Pay ind taal ol ult 02 01 1415 15 00 13 45 16 25 17 10 lesa 5 Min f Crossing MA C30 100 Simulation Trade Guard pengape LOEW uogenus UN yy S 2go 02 01 14 15 15 00 15 45 16 25 17 10 17 55 E in t Directional Ind DD 14 1 Simulation Trade Guard 02 01 14 15 15 00 15 45 16 25 17 10 less 18 59 02 01 06 Mon 16 20 data 5967 5 y 6009 6 Fil Portal View Window Tools Scripts Extras DrawingTools H
176. ng offset from fill price for long positions 0 deactivate Stop for long positions Target Short offset from fill price for short positions 0 deactivate Stop for short positions top 27 6 30 6 End of Day Stop Note This stop has been removed and is only available for backward compatibility For closing positions at a given time of the trading day use a Manual Sentimentor Computation An open position is closed at the close of the day Parameter Close at EoD 1 activate Stop 0 deactivate Stop top 27 7 30 7 Time Stop Computation An open position is closed if it survived Max Periods periods Parameter Max Periods maximal duration of a trade 0 deactivate Stop top 27 8 30 8 Parabolic Stop Computation 1 Determination of the SIP Significant Point which equals the initial stop PS t For long positions the SIP is the lowest low of the previous span periods For short positions the SIP is the highest high of the previous span periods 2 Determination of the AF Acceleration Factor As a default the AF has an initial value of 0 02 that is increased by 0 02 after each period until a maximum of 0 20 is reached 3 For long positions the EP Extreme Point is the highest high reached within the trade For short positions the EP is the lowest low 4 Computation of the Parabolic Stop of the next period PS t 1 PS t AF t EPTrade PS t AF t 1 min Acceleration Max AF t Acceleration increment
177. ng an Embedded Price Chart in the MasterChart 192 29 5 Parameters of the Study Sentimentor ec ceeccceeeeeeeeeeeeeeeeeeeeees 193 29 6 Parameter Sentiment Mapping ccccccccsseceeseeeeeeeeseeeeeeeeeseeeeees 193 2961 Mapping Stylo AS JS nacenenie nA AAAA aai 193 29 6 2 Mapping Style Map Thresholds cccccccesccssceseeesseeeeeeeeees 193 29 6 3 Using an Embedded Study as a Filter ce eceeeecseeeeeeeeees 194 29 7 Parameter Optimize Embedded Study cccccecccseeeseeeeeeeeeeeees 195 298 Some l chnical Detal an eee een eee 196 Nd 9 O Timescale MatChin ccccccecccsccceccesecceeceeeceeeceeeeeecaueceeseeeseeeeeesaaes 196 29 10 Inherent Difficulty with Timestamps 30 Parameters of the Stops ccccecccsseeeeeeeseeeeees some Notes concerning Pricebased Stops Using Multiple Stops and Multiple Targets Click Stop Click Target sens viescsceccssaccvcvenasescveuces Trailing Stop Trailing Stop EoP 0 OOo sil OO E M ee oO ee GO D GO S O1 U zi Q D Go D m mD Sa 9 O D O u S N D at O wW Iw I 2 S v S O HA3 O o O ee A Q N D J D lt O W g D O op T O ch O OD i No WW D V aN lt O a W D V a3 lt gt ch O Ti O W
178. ng session Load data since yesterday w Dockable to other windows Jegaaeds yor By unchecking this menu item the docking capabilities of a Bar can be deactivated Hence it can be dragged over the screen without the docking markers showing up By default whenever a Bar is created e g through the View menu of the main window it will be automatically docked to the main window Sometimes this is not intended because this results in resizing the charts displayed in the main window To create a Bar in undocked mode simply press the Shift button while launching the Bar 16 46 Stacking Bars Except the WorkspaceBar and the InfoBar all other bars might be stacked also called tabbed by overlaying them Simply drag a Bar over another Bar and place the mouse over the round centered docking marker Af ynamite Sentimentor Wa Dynamite Sentimentor File Portal Yiew Tools Scripts Extras Help File Portal View Tools Scripts Extras Help Sei VE E ee Aae D iRnE BIER BESER AAAA El Simulation SpeedTrader ax ASEM O a degaceds yi 4002 5 4002 0 99 4001 5 57 4001 0 4000 5 3994 5 3994 0 By clicking on the tabs displayed at the bottom of the tabbed bars you might bring a bar into the foreground 1 7 4 7 Configuration of Menus and Toolbars IQ Trader supports the free configuration of menus and toolbars using the same mechanisms as the Microsoft Office tools Using these configuration Capabilit
179. ng trades commission and slippage included gross loss sum of the losses of the losing trades commission and slippage included avg win avg loss ratio of the average winning trade to the average losing trade gross profit winning trades gross loss losing trades profit factor gross profit gross loss A profit factor of 3 would indicate a profit of 3 per 1 loss Avg trade win amp loss gross profit gross loss total of trades Largest winning trade the profit of the largest winning trade displayed as an absolute value and in percent of the total net profit avg winning trade average winning trade gross profit winning trades avg bars in winners average duration of a winning trade currently a bar is always one day largest losing trade the loss of the largest losing trade avg losing trade average losing trade gross loss losing trades avg bars in losers average duration of a losing trade currently a bar is always one day max consecutive winners greatest number of consecutive winning trades max consecutive losers greatest number of consecutive losing trades Sid Dev all trades standard deviation of the net profit of all trades Std Dev winning trades standard deviation of the net profit of the winning trades Std Dev losing trades standard deviation of the net profit of the losing trades percent in the market ratio between the time an open position wa
180. ns Using Extras Options a number of options can be specified Options eee xl Date Format Process Priority European dd mm py lou r Ignore price data before Visualization 1180 W draw setup signals Securities Show one security only MW show signal details W Automatic Update Check W visualize filter regions IY show trendsignal target zones f 5o 2 ofthe charts for the future Directory Settings klaimnDir C Programme Fipertec Dynamite Sentime Browse DysDir JC Programme Fipertec Dynamite Sentime Browse DetaultDysDir C Programme Fipertec Dynamite Sentime Browse ScriptDir JC Programme Fipertec Dynamite Sentime Browse ReportsDir C Programme Fipertec Dynamite Sentime Browse Manual l e E ProgrammeSFipertec Dynamite Sentime Browse Ai ir SyaT estaDir C Programme Fipertec Dynamite Sentime Browse res 30 1 33 1 Date Format The format for displaying dates in Q Trader can be defined Moreover all directory settings used by Q Trader can be specified 30 2 33 2 Process Priority IQ Trader allows to define its so called process priority Especially under Windows NT it is useful to set the priority to low or very low if you plan to let Q Trader do some optimizations while you continue to work with other applications Otherwise Windows might pass most of the processor power to IQ Trader so that other applications might not work
181. nse key button and the following dialog will pop up Register Enter the registration name and key below exactly as given to you Name Kep Cancel Visit Website Please enter the name and key and click OK Your license is now activated top 35 38 Known Problems e e he upper and lower bounds of the sentimentor parameters can be set to senseless values which lead to internal problems
182. nterpretation scheme are divided into three parts The upper part contains a graphic explaining the scheme The middle part consists of a number of fields for defining the sentiments and the lower part allows provides functionality to work with templates The interpretation of an indicator is based on so called events e g the crossing of two lines or the entering of a curve into a zone At the Trigger Line interpretation scheme these events are caused by two lines as known from the classical Crossing Moving Averages sentimentor here the slow moving average plays the role of the trigger The graphic of the configuration dialog shows four different events The dotted line represents the trigger line Event 1 occurs whenever the trigger line is crossed from below The sentiment used to signify this event is defined in the corresponding input field 1 Crossing above Trigger 100 Analogously the sentiments can be defined for the events 2 3 and 4 Recall that a sentiment is a value between 0 and 100 The interpretation distinguishes between primary and secondary events In the Trigger Line scheme the crossing events events 1 and 3 are the primary events The sentiment input fields for primary events are larger as those for secondary events For primary events Q Trader allows to specify the sentiment for the bar where the event occurred and for an arbitrary number of subsequent bars This can be achieved by specifying several s
183. ntimentor File Portal View Tools Scripts orkspaceBar H E Depots aj J LiveTables H H E Scripts 3 Manual Sentimentors 2 en Reload Price Data OCHRE mam Extras Help ZE ax Refresh WorkspaceBar H A Index Masdag 100 Fo Simply type in the ambok you want to see in the list Symbol List Editor x Name M y Futures Symbols amo Senet Search fFGSBLOCO3 EU IFESa0C03 EU fFO4200003 EU Cancel By clicking the button and given that you have licensed the functionality a Symbol Search dialog is started providing a world wide symbol RealTick search Microsoft Internet Explorer lol x Datei Bearbeiten Ansicht Favoriten Extras ae O Zuriick x a J Suchen ste Favoriten Medien O O 4 B 0O Adresse http symbol infoscreen chjindex asp Wechseln zu Links c_DySen Firma 4 Fipertec i Ticker p Description Underlying Symbol Instrument Type Put Call SYMB ie WKN Number Exch Name Currency Expiration Date fisin International an al r fan 7 Only 100 Symbols will be displayed Please be specific Help Exchanges I Use IFEED Stypes Reset Submit ISAPDCO03 LIF SAP DCO3 EUR Future FNIA ISAPJAO4 LIF FNIA EUR Future FNIA iSAPMRO4 LIF FNIA EUR Future FNIA SAPNVO3 LIF FNIA EUR Future FNIA ISAPOCO3 LIF SAP OCO3 EUR Future FNIA ISAPSPO3 LIF SAP SP03 EUR Future FNIA 00815 PA
184. ntry in the WorkspaceBar 31 3 34 3 Creation of Studies The way signals of the underlying study have to be executed and rated are determined by an Evaluator In the given example the Performance Trading Evaluator is chosen Evaluator Performance Trading The Evaluator chosen in the SystemTester may differ from the Evaluator used in the underlying study e g it is completely reasonable to use the Trendsignal Evaluator in the study and to let the SystemTester trade the signals with the Performance Trading Evaluator In fact this particular combination corresponds most closely with the overall DySen philosophy By clicking the button the Evaluator Settings dialog is started The fields just below Initial Study are used to specify the initial optimization period as well as the number of tries used for optimizing the study on that period Initial study Tries 01 09 1998 29 10 1999 lo lf the SystemTest dialog is started through the menu of the Designer dialog then the currently selected optimization period of the Designer dialog is selected automatically The usual approach to start the System Tester is to load the MasterChart and study in question select the optimization period with the mouse followed by an intensive optimization If one is satisfied with the result the SystemTest dialog is started and the initial optimization period is set automatically The current sentimentor settings of the Designer dia
185. number of lines to be skipped lgnore initial 2 linell of each quote file 28 3 4 31 3 4 The Date Format Using Date Format the ordering of day month and year in a date can be specified The Separator defines how the elements of a date are separated Suppose the Date Format were MM DD yy YY and the Date Separator were then 5 18 00 would comply to this specification Incase YYMMDD or YYYYMMDD Is chosen as the Date Format then Date separator will ignored Thus a valid date sequence for yYYYMMDD would be ZU0000S lo top 28 3 5 31 3 5 The Time Format For reading in intraday data the time format needs to be specified e g Data Sources eS x Quote Files Market Maker wiSo TeleB rse Tai Pan MetaStock Tai Pan RT DDE winBis Simulation WM Activate Quote Files QuotesDir C Programme Fipertec D ynamite Sentimentor Quotes Browse Date Format Humber Format DD MM Yie Date Separator l Resulting Format DO Mhiri r 12345 5678 Missing Value E Ignore initial E line s of each quote file Value Sequence date time cloze sr volume hone hone hone none none Field Separator Abbrechen libernetmen 28 3 6 31 3 6 The Number Format Use Number Format to specify the format of real numbers 28 3 7 31 3 7 Missing Values some chart software that can be used for generating quote files through data export
186. nvironment such as seminars it is extremely helpful to have real data at hand representing special market conditions such as mini crashes reactions to announcements of economic data etc The OneClick Recording and Playback feature of DySen addresses these needs It allows to easily convert price data into a Recording that can be used as a Playback thereby giving the trader the live experience of receiving the data At a glance OneClick Recording and Playback provides the following functionalities e Convert a zoom in a MasterChart into a Recording with the click of a button e Convert the last trading session of a tradable security into a Recording This allows to train on that data without having seen the chart before e Use Live Recording for capturing the trades and the orderbook The Playback allows you to receive the data in realtime or in any acceleration you choose It also allows to Pause or move forward stepwise for a most detailed examination of the market 20 1 23 1 Converting a Zoom in a MasterChart into a Recording To do so simply load the data for the desired symbol and zoom into the time region that you want to have replayed Then rightclick on the legend of the MasterChart and choose Convert zoom to Recording MA FDAXSPO7 EUX Plain MasterChart el x Md E S 8 BEI ie 4 seae E Min FOASSPO EUS F SpeedTrader Time amp Sales MarketFrofile a045 li 8040 Start Recording Con
187. ol 2 18 5 18 Display Signals With ViewlDisplay Signals or with the toolbar button the visualization of the signals in the charts can be turned on or off 2 19 5 19 X Ray Y Ray With the menu entry ViewIX Ray you can toggle the X Ray on and off The X Ray is a vertical bar displayed in all windows at the position corresponding to the date the mouse Is actually indicating The X Ray simplifies the analysis of charts and signals of different sentimentors 2 20 5 20 Visualizing Stops and Profit Targets in the MasterChart With View Display Stops Profittargets or with the toolbar button the visualization of the stop levels and profit targets can be turned on or off Ma Dynamite Sentimentor test DAX INO4 3 FDAXINOS EUX 10T TradeGuard Future Trad oj x File Portal View Window Tools Scripts Extras DrawingTools Help siheanm AaeRe amp sHn Bes 4 fr BO DAX INO4 FDAXINO4 EUX TradeGuard MasterChart id MESS JHO4 fFOAMIMO4 EUS Trade Guard Jegaoeds yan tl fe 3885 0 HH mm ih 30 03 10 20 10 22 10 24 10 25 10 27 10 29 MENSap XOT PON STIL PONT er L Ob eeu bel 082 1 3880 H Profit Target 3896 0 Stop 3883 5 Parabolic Stop 30 03 04 Tue 10 31 data 3684 5 y 3880 7 Or dgn 0 C 3884 5 H 3685 0 L 3804 0 Yaa Span 00 g Note Q Trader selects the vertical zoom such that all profit targets and Stops are visualized Within an optimization it might happen that the chosen stop
188. ols to a LiveTable To add a symbol to a LiveTable simply drag amp drop it from the WorkspaceBar into the LiveTable Fie Portal View Tools Scripts Extras Help eles Geaaasan Mee Pex Ae g gt WorkspaceBar J My Futures aj NASDAQ 100 5 wo Index DAX 30 Xetra en AN AG t eo ar ES eee EETA it ALLIANZ AG YNA O N I ALTANA AG O N 1 BASF AG O N it BAY HYPO VYEREINSBK lt gE IH BAY MOTOREN WERKE I BAYER AG O N t COMMERZBANK AG O N tt CONTINENTAL AG O N 11 DAIMLERCHRYSLER AG i tt DAX PERFORMANCEINI It DEUTSCHE BANK AG NA t DEUTSCHE BOERSE NA pA DEUTSCHE Pan big NA MA me rr rmana a ol You may also drag amp drop a complete folder File Portal Yiew Tools Scripts Extras Help s mean COBSes5e8 MA maal al fed Bal p4 WorkspaceBar Sy Depots LiveTables Scripts J Manual Sentimentors Symbol Last Bid Ask Last Time Total Vol Yesterday Change Yesterday Change I Simulation Et Fides E 4 My Futures aS NASDAQ I 100 H H E rem DAX sppe H E DJ Stoxx 50 Futures wy Hang Seng China Enterprises Ir H E Licensed Symbols or from the RatingBar File Portal view Tools Scripts Extras Help e DEn cCeeesean MA maal mE Depots H LiveTables H E Scripts H E Manual Sentimentors El 3 Simulation a a Fides E H E My Futures H E NASDAQ 100 H E Index DAX 30 Xetra H E Index DAX Futur
189. omment After specifying the sentiment values as described above close the dialog by clicking Save Cancel top 22 4 25 4 Creating a new Manual Sentimentor from an existing lf you want to change and save an existing Manual Sentimentor with a new name proceed as follows 1 1 Load the Manual Sentimentor in the Manual Sentimentor Editor 2 2 Overwrite the name of the Manual Sentimentor with the new name 3 3 Change the sentiment specifications at your wish 4 4 Save the Manual Sentimentor top 22 5 25 5 Deleting a Manual Sentimentor In the WorkspaceBar rightclick on the Manual Sentimentor to be deleted and choose Delete from the context menu Dynamite Sentimentor SEAP File Portal View Tools Scriptis Extras Help e eo SeReeaa WiorkspaceBar H E Depots H E LiveTables ay Scripts Son Manual Sentimentors 2 Simulation Send a Friend H H Fides aN 453 Quote Files Refresh WorkspaceBar F5 22 6 25 6 Adding a Manual Sentimentor to a Study As all other sentimentors the Manual Sentimentors can be added to a study using the Designer dialog top 22 7 25 7 Manual Sentimentors used as Filters sometimes it is desired to exclude certain periods in time from trading e g the opening phase of a trading session or the five minutes before and after import statistics are announced In these periods all signals should be Suppressed To achieve this Manual Sentimentors can be created as Filters M Dynamite
190. omputation A MA from the close quotes is computed Parameter Smoothness Span Speed of the MA span Left examination range before an extreme point Span Right examination range after an extreme point Interpretation There exists a local high at the date t if for span left periods before tthe smoothed close quotes are ascending and for span right periods after tthe smoothed close quotes are descending A local low is defined analogously local high at date t sentiment value 0 at date t Span Right local low at date t sentiment value 100 at date f Span Right otherwise sentiment value 0 25 2 15 28 2 15 MACD Computation Computation of the difference of two exponential moving averages EMA of the close quotes as well as an EMA on that difference The latter EMA is called the trigger Parameter EMA diff fast soeed of the fast EMA used for computing the difference EMA diff slow speed of the slow EMA used for computing the difference EMA speed of the trigger EMA Interpretation EMA diff gt Trigger sentiment value 65 EMA diff lt Trigger sentiment value 35 EMA diff crosses Trigger from below Sentiment value 100 EMA diff crosses Trigger from above Sentiment value 0 25 2 16 28 2 16 MACD Histogram Computation Like MACD but finally the difference between EMA diff and the Trigger is computed Parameter EMA diff fast see MACD EMA
191. ong time period and can be adjusted to suit the individual needs of each trader top 31 10 34 10 Usage Limitation The incorporation of animusX voting results is currently a free service of animusxX and Fipertec As this status might change in the future the MoneyBee Sentimentor in its current version has to be regarded as a free add on and not part as a part of the Q Trader product top 32 35 Backup Depending on your personal trading strategy you should backup periodically the optimized analyses stored in the DysDir When using the System Tester the system tests stored in the SystestsDir The same holds for scripts and Manual Sentimentors As the mentioned data items are simply small files in the file system the backup can be performed most easily using the Windows Explorer e g use drag amp drop to save the required directories DysDir ScriptsDir Manual Sentimentors Dir on a floppy disc 33 36 Cleaning Up When running scripts or creating reports Q Trader writes logfiles into the ReportsDir As Q Trader cannot decide which reports are of importance to you they will not be deleted automatically Hence once in a while you should visit the ReportsDir with Windows Explorer and delete the superfluous files top 34 37 Entering the License Key After purchasing Q Trader you will receive a user name and key To activate your license choose Extras About Designer Sentimentor from the main menu Click the Enter new lice
192. onsists of a date a close quote and optionally of open close low high quotes as well as the volume and open interest for that date It is assumed that the lines of a quote file are in ascending order with respect to the date As default the expected format is DD MM YY YY Open Close High Low Volume Thus a feasible line of a quote file with respect to this specification could look like this Oe 2007LU0 0OF DU io 119 107 65 127 2o0000 00 The none entries in the given example specify that the volume value is the final value of each line some chart software exports values that are not used by Q Trader To ignore such values enter ignore for the respective value in the value sequence e g Data Sources eono X Quote Files Market Maker wiSo TeleBarse Tai Pan MetaStock Tai Pan RT DDE winBis Simulation WM Activate Quote Files QuotesDir C Programme Fipertec D ynamite Sentimentor Quotes Browse Date Format Humber Format DD MM Yri Date Separator l Resulting Format DO Mhiri r Time Format HH MM 55 Ignore initial E line s of each quote file Value Sequence date igr e open close high flow hone none none Field Separator 12345 5678 Missing Value E Abbrechen liberetmen sometimes quote files may contain some introductory lines without price information To skip a number of introductory lines define the
193. op Meta Sentimentar kaufmann s Sha Parameter Target Long ATR actual min mar Reset fo z lo a lo a Constant Evaluation Time A ange from 17 4400 to 40 03 r H AH kA AH M Tal Dl Freeze Chart ee 14 1 17 1 MasterChart Study File A study file also denoted a study stores the sentimentors and their parameters as well as the settings for the evaluator and the trading approach When opening the Designer dialog Q Trader checks whether there exist studies for the corresponding MasterChart By default all studies must be stored in the folder Dys in the installation directory DysDir The name of a study file is constructed from the name of the security an character optionally the symbol and another character an explanatory label and the suffix dys g DaimlerChrysler options dys or DaimlerChrysler DCX options dys IQ Trader automatically loads the study corresponding to a MasterChart which has been saved most recently The explanatory label the so called study label as well as the name and symbol of the security are displayed in the title bar of the Designer dialog If no study corresponding to the actual MasterChart exists then Q Trader loads the predefined study rt_standard dys or standard dys for end of day securities from the directory DefaultDys which is located inside the installation directory You can adapt rt_standard dys and standard dys to suit your particular need
194. or to their default values use the menu entry Sentimentors Reset Active Sentimentor You may access man 14 16 17 16 Resetting all Parameters To reset all parameters of the sentimentors and the actual trading approach to their default values use the menu entry Sentimentors Reset All Sentimentors 14 17 17 17 Exporting the Active Sentimentor With the menu function SentimentorslExport Active Sentimentor the sentiment series of the currently activated sentimentor of the Designer table can be exported into a file This file can be included in other studies as an Exported Sentimentor e g for expressing intermarket dependencies and it can be used in other software 14 18 17 18 Fixing a Parameter For the optimization it is sometime desirable to fix a parameter at a certain value This can be done easily with the Const button When pressing this button the upper and lower bounds of the parameter are set to the current value of the parameter Thus the parameter can t be varied by the optimization 14 19 17 19 The Meta Sentimentor The Meta Sentimentor usually computes the weighted sum of the sentiment series of all the other sentimentors currently loaded This weighted sum is used to compute a moving average The parameters of the Meta Sentimentor define the weights to use for the respective sentimentors as well as the speed of the moving average The Designer dialog automatically adapts the number of weight parameters whenever a
195. orted where a value of 0 means map signals and a value of 1 means as is 26 6 1 29 6 1 Mapping Style As Is The MetaSentimentor is taken without any change and becomes the sentiment of the Study sentimentor 26 6 2 29 6 2 Mapping Style Map Thresholds Recall that for generating a signal in a study the MetaSentiment of a given period must trigger a threshold Enter Long Enter Short etc as defined in the Trading line of the Designer table Moreover Filters may reject a potential signal As the thresholds in the container study might be very different from those in the container study just mapping the MetaSentimentor as is might not be sufficient to carry over signals into the container The mapping style Map Thresholds takes that into consideration by using the following mapping policy For a given period map the sentiment as follows e BLOCK sentiment in embedded study gt BLOCK sentiment in container study e FLAT sentiment in embedded study gt FLAT sentiment in container study e Long sentiment in embedded study and potential filters in embedded study allow a long position gt sentiment 100 in container study e Short sentiment in embedded study and potential filters in embedded study allow a short position gt sentiment 0 in container study e Close Long sentiment in embedded study gt sentiment 40 in container study e Close Short sentiment in embedded stu
196. ose long Stop 8 52 O4f10 03 54l 4l nja Micronas Semica 270 861 z7ial opogi close long Stop 23 40 041103 24 39 19 65 nja Medisene 279 22 19 22 opozo close short Meta Senti oyogiga 2 87 2 87 nja Trendi10 21 03 17 45 55 Like the WorkspaceBar and the InfoBar you can position the RatingBar somewhere in the main window or on the desktop top 21 10 1 24 10 1 The RatingBar Columns Each line of the RatingBar contains condensed information of the best found parameter setting of an analyzed security The signification of the columns is as follows The name of the analyzed security lf the study violates a trading constraint then the name of the security is preceded with an exclamation mark The evaluation of the best found parameter setting Number of win trades number of losing trades When using the trading approach Trendsignals the number of correct signals pf and wrong signals Last Signal The date of the last signal LS Type The type of the last signal In case the last signal closed a position the reason for the signal is displayed in braces e g Profit Target 12 88 or Stop Loss 10 78 In case the last signal opened a position the actual stop and profit targets for this trade are displayed in braces if the study uses these stopping criterions e g Long Profit Target 72 32 Stop Loss 62 37 In case the last signal requires a confirmation the confirmation price is
197. ot more than absolute ja000 and not more than 5 7 With a tolerated trade loss of 25 7 and not less than ot rounded down to a multiple of Bo Mo trading with negative account available cash E5000 curent price 34 Update resulting size to be bought f O0 d Calculator OF Abbrechen The settings shown above will be used to calculate the number of shares to be bought as follows The current cash is 55000 and we have a Long signal The price of the security to be bought is 34 25 of the cash is 13 750 This amount is higher than the maximal amount of 4000 we want to invest per trade Thus only 4000 are considered to be invested As a second upper bound for the money to be invested we want to ensure that in case the trade becomes a losing trade not more than 5 of the capital is lost if the losing trade is closed with at most 25 loss 5 of the capital 2750 Hence trade volume 0 25 lt 2750 therefore trade volume lt 11 000 Using the second risk view point we could invest up to 11 000 which is again larger than our limit of 4000 so finally we invest 4000 With a current price of 34 and with taking the commissions into account this leads to 116 shares Rounded to multiples of 50 we end up with buying 100 shares In case the field No trading with negative account is checked a trade is only entered if the minimum required cash defined under and not less than is available
198. pa KN EOIO Is GOD we u H egau bed 20 10 14 26 15 02 15 38 16 14 16 50 1r 26 4 20 10 03 Mon 15 37 data O O v 5 0 O 3554 5 0 3555 50 H 3556 5 L 3554 5 i219 Sp 2 13 5 13 Drag amp Drop Drag amp Drop is supported throughout Q Trader A security drag operation can be started trom e any security of the WorkspaceBar e any entry of a RatingBar LiveTable or Depot e the list of a Time amp SalesBar e the list of a DetailsBar e the SymbolSearch dialog DySen FIDES Trader Extension A dragged security can be dropped on e achart window this will result in displaying the corresponding study for the dropped security e a Time amp SalesBar SpeedTraderBar or DetailsBar the Bar will then display the information for the dropped security e an Account this will add the security to the depot with a position size of 0 When dropping a symbol into a chart that displays a study of name say Trend IQ Trader checks if there exists already a study Trend for the new symbol If so this study is loaded and placed as good as possible at the screen location of the current study Note that the already existing study might consist of a different number of individual windows than the currently displayed study Otherwise a study Trend is created for the new symbol top 2 14 5 14 Range Window To explore specific ranges of the MasterChart or a sentimentor a range window can be created A
199. pe Last Confi L5 Quote Act Quote Act Trade icrosoft id 246 06 z223 03 13 03 close short Stop 23 40 O4 08 03 24 67 24 59 nja Crude il Future 64 3 10 4 2 20 03 close long Stop 34 94 O4 08 03 34 860 27 55 nja DAX Future 19 18 4i4 12 16 02 clase short Stop 3070 0411 03 3197 50 2742 00 nja Dow Jones Ind 25 83 13 11 03 26 03 close long iMeta Senti O4 01 03 8229 58 5221 33 nia Euro STONY 50 15 49 6 12 12 30 02 close short Stop 2395 0411 03 2395 2205 nja Gold Future 10 0 64 TE O3 24103 close short Stop 329 5 O41003 329 50 327 30 nja TecDAK FI 26 305o 33 06 28 02 close short Meta Senti O4f11 03 607 135 353 57 nja ESTs 50 KI 0 00 ovo none none none 2247 47 nja Sh US 0 00 ovo none none none 132 76 nja Trend 10 21 03 17 45 55 Trendii0 21 03 17 48 15 21 10 3 24 10 3 The RatingBar Context Menu A rightclick on the RatingBar opens a context menu RatingBar x Mame Ratin Last Signal LS Type Last Conti LS Quote Ack Quote Act Trade Microsoft F 246 06 22023 03 13 03 close short Stop 23 40 odosios 24 67 24 59 a clase short Stop 3070 O4i 11 03 2742 00 040103 g2 00 221 35 Crude Oil Future 64 3 10 O2f20 03 close long Stop 34 94 O4 08 03 34 80 E DAxX Future Dow Jones Ind 25 83 close long Meta Senti Euro STOXS 30 15 49 close short Stop 2395 O4 11 03 2395 2205 Gold Future 10 0 64 close short Stop
200. ppage and commission 15 3 18 3 Optimization Goals and Constraints for Trading Strategies 15 3 1 18 3 1 General Notes The goal of Q Trader is to help in creating trading strategies that are as good as possible The notion good however must always be related to the concrete scenario the strategy is designed for and to the general conditions defined by the trader On first sight a strategy is good if it creates much profit but when looking deeper into the strategy it may well be that the high profit has the price of a high and unacceptable drawdown It may also be the case that the profit is high the drawdown is low but the strategy created a series of 10 losing trades that are very hard to take from a psychological point of view Therefore a strategy has to be both good and acceptable IQ Trader measures the goodness of a strategy by a so called optimization goal sometimes also called the objective function To express what strategies are acceptable so called constraints are used e g accept only strategies that result in at least 10 and at most 30 trades in the given evaluation period The task of the optimization is to find a parameter setting with a maximal objective value that respects all constraints Parameter settings violate a constraint are not considered even if they show a higher objective value The optimization goal and the constraints are defined on the Trading Constraints page xi Performance
201. ptured To achieve this the sentiment values are set to 100 at the announcement of the merger and to 0 at the cancellation announcement By incorporating this Manual Sentimentor into future Deutsche Bank analyses it will be ensured that the system is invested in the correct direction with respect to the announcements This releases the optimization from trying to find parameters that would take advantage of these drastic quote changes This is important as there is no realistic chance for repeating such a quote pattern in the future 22 2 25 2 Editing a Manual Sentimentor The editor for Manual Sentimentors can be started by rightclicking on a Manual Sentimentor and selecting Edit from the context menu Mi Dynamite Sentimentor S amp P File Portal View Tools Scripts Extras Help ese Hes GOSee2efee AE Works paceBar H H Depots H E LiveTables Scripts aggtest BS Manual Sentimentors aa Filter A das wf FED Fear l Edit HA SAP Sapphire E H E Simulation EA Send a Friend H Fides ay MetaStock H E Quote Files Delete Refresh WorkspaceBar The editor looks as follows DySen Manual Sentimentor Editor Name Deutsche Bank Static Each line contains the sentiment value for the specified time range The following format i expected dd mm yy dd mm yy value comment Le 4 valid line looks like this 12 12 99 13 01 00 75 This is an optional comment 22 12 99 26
202. r computing the highs and lows New Highs Long number of required subsequent highs until a positive breakout is stated New Lows Short number of required subsequent lows until a negative breakout is stated Interpretation positive breakout sentiment 100 negative Breakout sentiment 0 else The sentiment is determined by the relative position of the smoothed close quote with respect to the periods high and low mapped onto the sentiment interval 35 65 i e sentiment 35 MA period low period high period low 30 25 2 6 28 2 6 Crossing MA Computation Two moving averages with a different soeed are computed from the close prices Parameter Fast MA Span speed of the fast MA Slow MA Span speed of the slow MA Interpretation slow MA gt fast MA sentiment value 35 slow MA lt fast MA sentiment value 65 fast MA crosses the slow MA from below sentiment value 100 fast MA crosses the slow MA from above sentiment value 0 25 2 7 28 2 7 Directional Ind Dl Computation plusDM i max high i high I 1 0 minusDM max low I low I 1 0 trueRange I max close i 1 high i min closef i 1 low i SumPlusDM sum over the last Span plusDM values sumMinusDM sum over the last Span minusDM values sumTrueRange sum over the last Span trueRange values plusDI 100 sumPlusDM sumTrueRange minusDI 100 sumMinusDM sumTrueRange averagePlusDI MA over t
203. r inclusion in other studies Save Cancel 21 2 1 24 2 1 Selecting Securities The securities to be processed by the script can be selected by clicking the Select Securities button This will open the following dialog Select Securities X H 0 Simulation SR a S Fides BOS My Futures P 2 DN gi Dza T T Euro STO 50 DCOS oT Eure BUND DCO3 O4 NASDAQ 100 043 Index DAM 30 Metra 04 Index DAK Futures O4 DJ Stoxx 50 Futures Oa Hang Seng China Enterprises Inde A DS Licensed Symbols 9 MetaStock AE Quote Files H E Intraday H E Tutorial 0E Crude Oil Future ol DAS Future es Olt Dow Jones Industrial E Euro STORK 50 Future vee Olt Gold Future 10002 aa 7 Tec Dax Pl afl Cancel The displayed securities vary with the activated data sources securities to be processed by the script are checkmarked You may change the selection by checking unchecking the respective securities It is also possible to mix securities from different data sources e g from MetaStock and quote files lf a folder is checkmarked then the securities inside the folder are automatically processed by the script no matter if the securities of the folder carry a checkmark or not After quitting the Select Securities dialog the securities to be processed are displayed in the ScriptEditor Securities to be processed by script Data Source Location Adobe Systems Inc ADBE MetaStock C
204. r of Stops and Targets The default setting is to calculate the tightest stop and target and to apply this value for both backtesting live trading and TradeGuards However for live trading and TradeGuards DySen allows to handle multiple Stops and or targets individually Details on this topic can be found in the DySen DirectTrade Manual Note that for backtesting DySen will always use the tightest stop and target top 27 3 30 3 Click Stop Click Target Computation These stops start with the defined offset from the fill price and can be changed manually by dragging them directly in the chart Note that the Click Stop and Click Target are ignored in a study unless the study runs in TradeGuard or LiveEvaluation mode i e they have no effect for backtesting This is indicated in the DesignerDialog by displaying these stops with a grey background Parameter Initial Risk initial offset from fill price 0 deactivated 27 4 30 4 Trailing Stop Trailing Stop EoP Computation lf the current value of a position drops for more than this amount from the maximal value of the position attained so far then the position is closed The rule for determining if the stop has been reached is defined by the signal execution policy of the Evaluator lf this parameter is set to zero then no Trailing Stop will be applied The lower and upper bound of this parameter should be adjusted with respect to your personal risk management You may al
205. r provides a NewsBar that can be opened through the context menu of the Fides entry in the WorkspaceBar M Dynamite Sentimentor File Portal View Tools Scripts Extras Help eme g HOSE E aam WorkspaceBar H E Depots H E LiveTables Sy Scripts H E Manual Sentimentors Eien Simulation Euro BUND OCOS Sy NASDAG 100 H E Index DAX 30 Metra H E Index DAX FUH Ires Depending on your licensed modules you may see the headlines and optionally the corresponding story NewsBar RPT Forex US dollar slightly weaker vs yen in Singapore trade on 10 21 03 QE gel kuerzt Bussgeld gegen Opel Nederland auf 35 5 Mio EUI correction 10 21 03 SR 111 kanadischer Fernseh Oscar fuer Dokumentarfilm weber Fl 1o 21 03 SR 111 Kanadischer Fernseh Oscar fuer Dokumentarfilm ueber Fl Repeating to fix dateline 10 21 03 SR 111 Kanadischer Fernseh Oscar fuer Dokumentarfilm ueber Fl SINGAPORE AFS ASIA The US dollar was slightly weaker against the 10 21 03 CH Exportations horlageres 9 mois 5 2 a 7 001 mrd CHF USA Yen in l 10 21703 AFEC Leaders agree on need to re energise global trade talks midatternoon Singapore trade as the US currency experienced further 10 21 03 STOCK WATCH IXOS Software soars as investors back Open Text corrections l l 10 21 03 Taiwan says China s manned space Flight indicates military threat Mllowing yesterday s strong gains which saw the collar surge past the 10 21 03 ING verkauft Baring Private Equi
206. rage Trade Because of their definition many optimization goals require additional constraints e g the maximal possible percentage of profitable trades is 100 this could be reached by a strategy creating exactly one winning trade To exclude such pathological cases a minimum required number of trades and or a minimum performance should be defined as constraints top 15 3 3 18 3 3 Defining Constraints A restriction defines a lower and upper bound for a classification number such as profit factor or number of trades In case the classification number lies outside this range the constraint is violated IQ Trader requires a parameter setting to comply with all constraints The default constraints are chosen such that they are not sharp i e every parameter setting of the sentimentors will be feasible By clicking the No Constraints button the restrictions are reset to their defaults A wise proceeding in working with constraints is to start with the default settings After an optimization you check whether your personal preferences are met by the computed parameter setting If not you sharpen the respective constraints Of course it may happen that there exists no sentimentor parameter setting at all that produces a series of signals complying with the constraints A parameter setting leading to a violation of the constraints is visualized by a red button in the Designer dialog Dow Jones Ind 969420 trading Performa
207. range window can be zoomed and scrolled independently of all other windows This condition is indicated in the title bar of a range window by displaying Standalone View top 2 15 5 15 Creating a Range Window To create a range window mark the range with the rubberband while pressing the Shift key When releasing the mouse button a new range window will be created displaying the selected range Note Change to the window arrangement Tile for displaying all windows and range windows ak Tile Strg T 2 16 5 16 Closing a MasterChart To close a MasterChart and all associated sentimentor and range windows choose FilelClose or close the MasterChart directly using MS Windows standard functionality 2 17 5 17 Logarithmic Scaling With ViewlLog Scale or 4 the price axis can be switched to a logarithmic scale This mode is especially useful for securities with an extreme volatility as a orice change of one percent always requires the same place on the price axis i e an increase from 10 to 10 1 gets visually the same importance as an increase from 100 to 101 Here is an example JDS Uniphase with linear scaling IDS Uniphase US JOSU Trend 1 O 136 120 105 90 75 60 45 30 15 258 OF 06 00 Ol 24 01 OOF 04 Oc 094302 El E ol JDS Uniphase with Log Scale JDS Uniphase US JOSU Trend 1 C 136 56 54 34 22 14 g 5 3 2 56 OF 06 00 O24 01 Os 0F 04 O24 cs 091 302 at
208. ratically resort MEOE Time and Sales When activated Q Trader will automatically resort the LiveTable every five seconds This is indicated by displaying a red arrow in the column header instead of a white arrow DAX 30 LiveTable amaj ej m asi st Tine Tots vol vested Beel EE LIN ETR 14 19 32 940475 BAS ETR i 14 19 31 1021860 SAP ETR f 14 19 31 496449 DTE ETR i 14 19 22 10555560 CON ETR 14 19 40 387080 MEO ETR 14 18 54 442290 BAY ETR f 14 17 53 1146418 DB1 ETR i 14 15 02 128270 ADS ETR f f 14 19 33 260522 HENS ETR 14 18 06 60951 SCH ETR i 14 18 35 387309 EOS ETR j i 14 19 19 1121685 RVVE ETR 14 18 53 571780 YOW ETR l j i 14 18 23 1602753 MAN ETR i f i 14 17 57 312632 CBK ETR i i 14 18 36 1374421 DAX ET1 l 14 19 30 0 FME ETR i 5 f 14 14 39 5391 18 12 21 12 Configuring Columns By choosing Configure Columns the Column Editor is displayed Column Editor X 4yailable Fields Selected Act Trade study value Last Time Total vol Change Change The list of Available fields contains all fields that could be used in a Live Table Note Many fields specifically fundamental data are only supported by the DySen FIDES Trader To add a filed to the Selected fields click on it in the left list and press the gt button Column Editor p x Available Fields Selected Last Last Confirm study value Last Date Last Settlement Date L
209. re the column Weighted shows the weighted contribution of each sentimentor to the Meta Sentimentor for the date the mouse is indicating This gives an immediate understanding of the generated signals In case the Meta Sentimentor is computed without applying a moving average the sum of the Weighted column is exactly the Meta Sentiment value at the given date In the example given above MAspan 1 denotes the span of the Moving Average is 1 i e no Moving average is computed The last column Value displays the most important value of each sentimentor at the given point in time e g the RSI has a value of 53 12 top 4 3 7 3 The Eval Page The Eval Page displays the current evaluation of the trading approach The shown information varies with the different approaches InfoBar Cisco Systems US CSCO Trend 1 D Ther Optimization Control Per Tail total net profit F402 5 23 26 58 total of trades 31 10 6 winning trades 13 6 4 losing trades 1 4 z percent profitable 61 29 60 00 66 67 profit Factor 2 03 1 30 5 15 avg Wwinfayvg loss 1 26 0 67 4 08 Ay trade win amp loss 2 39 0 52 4 76 percent in the market 36 10 26 92 33 76 RegCoeff 100 StdDey 0 0321 0 0443 0 1442 gross profit 145 68 22 r0 32 57 gross loss 71 66 17 46 3 99 largest winning trade 23 08 12 75 14 73 in percent 31 15 245 62 51 55 avg winning trade T 6675A zraza 6 14225 avg bars in winners fel 4 50 9 25 largest losing tra
210. rightclick on the script in the WorkspaceBar and select Create Status Report from the context menu M Dynamite Sentimentor S amp amp P Microsoft File Portal View Window Tools Scripts Extra a Er FE A g Aam workspaceBar H E Depots E 4 LiveTables a ia aripts z Bo aggtest a Ei Bollinger i 5 E ines a Ay Simulatio ar Edit E 44 Fides B MetaStocl c Senda friend H E Quote File gt Delete Refresh WorkspaceBar F5 IQ Trader will then create the status report on the basis of the script definitions but ignoring the settings for the stopping criterion i e no optimization is performed 21 12 24 12 Format of Script Files In some application scenarios it is very convenient to create scripts automatically by an external software For enabling such a mechanism Q Trader stores script files as plain ASCIlI files carrying the extension dsb A dsb tile contains lines of the format key value At most one key value pair per line is accepted The file may contain empty lines A line starting with an is considered a comment lf a value denotes a pathname it may contain multiple and wildcards Moreover using the syntax lt registry key gt a value from the Windows registry may be referenced Key Description Examples FilePattern Regular expression 9 QUotesDir Dax30 stxt describing the quote files to be analyzed Multiple patterns separated by a can be provided Defau
211. riods and thus to influence the meta sentiments as well as the resulting signals The definition of such a Manual Sentimentor is extremely valuable whenever non formal and or fuzzy Knowledge should be taken into account for an analysis e g e e exchanging companies in an important index e e uncertainty before the next FED meeting e e Making ones intuition explicit This is a very comfortable way to create and communicate complete studies Moreover making ones intuition and feelings explicit allows to learn and improve by recapitulating the decisions of the past e e empirical peaks preceding important announcements e g raising quotes at the customer fairs of SAP this is normally the time to announce strategic decisions e e retrospective incorporation of important company announcements Here is an example for the latter point An unexpected merger announcement may lead to a dramatic change in the quotes as exemplified with the announced merger and subsequent merger cancellation of Deutsche Bank and Dresdner Bank Af Deutsche Bank X 1514000 MasterChart OF xX m ag 03 Tr r 65 20 10 99 23 11 99 20 12 99 02 02 00 07 03 00 10 04 00 18 05 00 a Deutche Bank 100 0 100 3 Manual Sentimentor Menger Announcement Dresdner Bank T I 20 10 99 23 11 99 20 12 99 02 02 00 07 03 00 10 04 00 18 05 00 By defining a Manual Sentimentor the announcements can be ca
212. rners ES a cn l 3606 Live Ticks are buffered pa T i a T l hi It 3597 5 I 3590 lgi l g 3580 Fig il 3570 CIAA 3560 T il I j F rl i 3550 a pe 3540 r 3530 3520 asin 3507 1047 10 20 12 40 16 20 10 21 14 05 AI E Drag a resize corner to reposition or manipulate the drawing tool Right clicking on a drawing tool opens the context menu 5 Min f DAX DCOS Settings 10 20 16 40 3560 Remove 10 20 16 40 3550 j 3540 3530 10 20 17 25 18 40 10 21 10 05 11 10 dt When choosing the Settings entry a corresponding dialog for this drawing tool is opened This dialog is also automatically opened when the drawing of a tool is finished Hame i 6 07 02 StatValue 139855 Sf 16 07 0244 End Value 11 4810 17 03 02 7 Right extension W Remove Line Line color Line width 1 Usage as ane fv Scale price axis to include this line j Visualize supportresistance zones Define Settings as Standard ome J ae The Name of the line is automatically set to the starting date of the line Wherever IQ Trader displays information concerning a line its name is used You may change the name as you like The Start Value and End Value define the prices and the corresponding dates By using the arrow keys these values can be changed The dates displayed are always the beginning of a bar When changing a date the gradient of the line is maintained Wh
213. s top 14 2 17 2 Saving a Study A study can be saved using FilelSave of FilelSave As from the menu of the Designer dialog or from the context menu of the MasterChart s legend Mj Dynamite Sentimentor DAXMROS FDAXMROS EUX Eile Portal View Window Tools Scripts Extras Dra Elp ag HOS e gaam Ee L Pivot Points 5 9peedTrader Time amp Sales Jegaseds yoni tol Save Study lf the study has initially been loaded from standard dys then the filename of the stored configuration file will carry the explanatory label default DAX MROS Save Study As xX Mame Swing Renko Existing Items Bea ee It is good style to create a number of configuration files per MasterChart which are individually targeted to a specific trading approach You can do this manually or through scripts as described below 14 3 17 3 Save as Template Study Frequently one likes to apply a study created for a security to other securities Therefore a given study can be saved as a so called Template Study These Template Studies are usually stored in a specific directory that is automatically chosen in the File Save dialog Datei speichern unter E 2 x D ateiname LongT ermTrading ateityp fan dys files dys Abbrechen ZA 14 4 17 4 Loading a different Study lf you want to switch to another study use FilelOpen from the Designer dialog A file selection box will pop up showing all the study fi
214. s activate the Go Long checkbox To follow short signals activate the Go Short checkbox In case the Initial Account Size is set to zero the wins and losses are calculated in percentages When applying this percentage trading the commissions should also be set to zero The button Percentage Trading automatically performs these settings Using Percentage Trading simplifies the comparison of the performance of different titles The Evaluator is also used to specify the unit applied by price based stops to calculate the stop prices absolute percentage or ATR based In TradeGuard and live trading DySen supports the so called Fade Out by means of multiple stops and profit targets Note that Fade Out is not supported for pure backtesting For details please see the DySen DirectTrade Manual top 15 2 2 18 2 2 Money Management Through the rules on the MoneyManagement page you can define how much of the available cash shall be invested in a trade In case of the above mentioned Percentage Trading the settings on the MoneyManagerment page are ignored The policy for computing the money to be invested in a trade dramatically influences the overall success or failure of a trading system For studying Money Management and Risk Management see e g Van K Tharp Trade your way to financial freedom Evaluator Settings x Performance Money Management Trading Constraints Invest from the account 5 per trade but n
215. s kept and the total evaluation time span max shares contracts size of the largest position held max drawdown maximal loss with respect to the highest preceding account size Example Suppose after five trades the account size reached a maximum value of 10 000 and the following trades result in an account size of 2 000 At this point the drawdown is 80 commission paid sum total of paid commission included slippage sum total of included slippage Expectancy Score PW x AW PL x AL AL Opportunity with PW probability of winning AW average winning trade PL probability of losing AL average losing trade Opportunity Trades Periods in the evaluation period Happiness Factor Performance PW min 20 ProfitFactor min 20 AW AL max drawdown max losing trade max winning trade Expectation PW x AW PL x AL with PW probability of winning AW average winning trade PL probability of losing AL average losing trade 14 17 Designer Dialog The Designer dialog allows to select evaluate and optimize the sentimentors used to analyze the MasterChart To open the Designer dialog use Tools Designer from the menu or click the toolbar item 3 or simply press Ctrl D Adobe Systems US ADBE 1D Trend E File Sentinentors Optimization Window B Pols n PAE Be Aggregation Approach a D apla Perfomance Trad Stop Profit T arget Stop Parabolic St
216. s may result in new sentiment values for the past so that the signal series may change In the case that a once optimized study should be used without re optimization for a longer period this may lead to unpleasant results Hence you should not use the support resistance sentimentors in this type of study top 25 4 3 28 4 3 The Parameters of the Support Resistance Sentimentor Parameter Smoothness Span speed of the MA of the MasterChart Delta maximal distance of a turnaround s high low from a price level min Tests number of required tests of a price level Interpretation smoothed price inside the lower half of the support region gt sentiment value 75 smoothed price inside the upper half of the support region gt sentiment value 65 smoothed price inside the lower half of the resistance region gt sentiment value 35 smoothed price inside the upper half of the resistance region gt sentiment value 25 25 5 28 5 Trendline Sentimentor A trendline drawn into the MasterChart can work as a sentimentor In addition to crossing a trendline the position of the current stock price relative to the trendline is also taken into account when computing the sentiment of a Trendline Sentimentor The support zone is the zone between the trendline itself and the line resulting when displacing the trendline by Support Delta Analogously the resistance zone is defined as the zone between the trendline and the trendline d
217. seperate window Insert as Filter Sentimentar Aroon Bollinger Bands CCl Crossing Ma M RSI Stochastic Pivot Points Meta Sentimentor Express 4roonOscillator Directional Ind D1 Stop Cancel whereas a price based stop for usage in trading systems can only be added as a stop E Standard Stops BreakEyen Stop z End of Day Stop z KaseDey Stop i Linear Stop Parabolic Stop Z PeriodsHighLow Stop Time Stop fea Frofit Target S Trailing Stop Click Stop Click Target E Express E External Display in MasterChart Display as subwindow in MasterChart window Display as seperate window Insert as Filter Sentimentar Aroon Bollinger Bands CCT Crossing MA MACD Fivot Points Meta Sentimentor Express 4roonscillator Directional Ind DT Stop Cancel More details on adding sentimentors as a filter or a stop can be found in sections Adding a Sentimentor as a Filter and Adding Stops to a Study 2 8 5 8 Displaying a Sentimentor A sentimentor can be displayed in various ways If the sentimenrtor s Y axis is the price it can be displayed directly in the MasterChart Add Sentimentor E Kaufmann s AMA Local Highs amp Lows Linear Regression Bollinger Bands H MACD CCI 4roon MACD Histogram Crossing MA Meta Sentimentor MACD i 5 RSI Stochastic Ez Pivot Points Meta Sentimentor Express 4roonQscillator
218. sing the Warrants columns scheme whereas Options use the Options columns scheme Options LiyeTable ADS ETR x Symbol Stike PO Expration Lest Lect Tine chev chav s Bid Bid Tine BidVol Ask askTi Ask vol 4 D50C03P 75 EUN 12 903 14427 Triads 17 2516 A DSNVOSPFO E F 11121103 14 41 44 15 24 06 16 23 35 4D5DC03C90 E 124 903 14 39 15 14 35 15 14 37 09 ADS5NVOSPF5 E 11 21 03 14 31 52 26 7 17 17 00 17 17 09 A D50C04P60 EUN 124 704 14 16 54 17 15 43 17 15 43 4 D50C03C05 E 12 903 14 09 36 17 24 45 17 2516 When dragging a security into an Options or Warrants LiveTable Q Trader will automatically retrieve the corresponding options warrants for that underlying 19 22 Page Definitions Once a number of studies and Bars have been loaded and the chart windows are arranged the complete layout can be saved as a page Definition of pages allow to switch between arrangements with one click Wj Dynamite Sentimentor S amp amp P DAX DCO3_ FDAXDCO3 EUx 1 Min f Watch Future Trading File Portal view Window Tools Scripts Extras DrawingTools Help ee 2ee2e6e8 5 fod 2 38S fie fed a WorkspaceBar A x Opi Save Page S amp P Gj Depots Save Page As pre Exoraton est Last Tne coo Chav Eal a Tine saval Asl Ask 1 LiveTables Engage X 1219 03 15 44 27 17 27 28 I Scripts 11 21 03 14 41 44 16 24 06 lt 3 Manual Sentimentors Define Start Page
219. smoothly 30 3 33 3 Ignore Data before This setting is only used for DySen V2 3 studies and earlier that do not carry a data cut date inside the studies All data preceding the specified date is ignored 30 4 33 4 Auto closing charts When checkmarking the M Show one security only box Q Trader makes sure to close all charts before loading a new study top 30 5 33 5 Signals Check or uncheck the field draw setup signals to toggle the drawing of signals that have to be executed at the next bar Check or uncheck the field show signal details to toggle the popup windows explaining the signals of a given bar 30 6 33 6 Automatic Update Check Check the field Automatic Update Check to let Q Trader check for updates at every program start In case an update is found the UpdateManager dialog pops up and permits to download and install the updated An update check can be triggered manually through the menu entry Extras Check for Updates 31 34 The SystemTester 31 1 34 1 Overview DySen SystemTester is a separate module and is targeted at those traders that follow trading systems The main problem with classical trading systems is their rigidity i e they are not capable of adjusting themselves to changing market conditions A once created trading system is kept unchanged until it becomes unprofitable To tackle this problem a process is required that adapts a system in a controlled way This adaptation process itself then
220. so wish to fix this parameter at a certain value DySen provides two versions of the Trailing Stop e Trailing Stop EoP End of Period As the name suggests the actual stop value is computed only at the completion of a period based on the close of that period e Trailing Stop This implementation is targeted to day traders using the TradeGuard functionality or LiveEvaluation of DySen DirectTrade The stop computation is performed with each incoming tick from the moment of the opening of a position This permits to open a position in the middle of a say 60 minutes bar and to tighten the stop in case the position runs deeper into profit within a bar Note that the pure Trailing Stop is ignored in a study unless the study runs in TradeGuard or LiveEvaluation mode i e it has no effect for backtesting This is indicated in the DesignerDialog by displaying the stop with a grey background Parameter Long Stop initial offset from fill price for long positions 0 deactivate Stop for long positions Short Stop initial offset from fill price for short positions 0 deactivate Stop for short positions 27 5 30 5 Profit Target Computation lf the price changed for the specified amount in the direction of the position with respect to the opening price of the trade then the position is closed The rule for determining if the profit target has been reached is defined by the signal execution policy of the Evaluator Parameter Target Lo
221. t a position if the sentiment contradicts the current position Each sentimentor can be used as such a stop sentimentor even the manually defined sentimentors e g Option expiration date is near sentimentor A stop sentimentor is evaluated independently from the MetaSentimentor Additionally a Profitlarget can be installed that closes a position if a certain profit level has been reached The trading approach Trendsignals uses implicitly a time stop stop loss and a profit target 14 32 1 17 32 1 Adding a Time Price based Stop Select the stop to be added and use the _Step button to add the stop to the study Aroon oe BreakEven Stop Bollinger Bands a End of Day Stop CC o be KaseDev Stop Crossing MA Linear Stop MACD l RSI i PeriodsHighLow Stop gt gt arenan R mo Pivot Points o F Meta Sentimentor B poai Target Express 4roonQscillatar Trailing Stop Directional Ind D0 B Click Stop i Click Target E Express l External kd f Display in Masterchart Display as subwindow in MasterChart window Display as seperate window Insert as Senbimentor Filter sey Cancel aE A study may contain as many stops as you like To close a position it suffices that one of the stops is triggered In the Designer table stops carry the prefix Stop and appear just below the filters Amazon com id FD File Sentimentors Optimization Window EB Bal e a eA x E Aggreg
222. ta 3546 0 y 3526 2 O 3546 5 C 546 004 3547 50 3545 0 v00 Sp g In case your license covers the DySen Direct Trade module the SpeedTrader allows to create various orders by simply clicking on a price level For details please see the DySen DirectTrade documentation 2 11 5 11 Displaying the MarketProfile in the MasterChart The MarketProfile displays the traded volume per price for a given interval Thereby it distinguishes between volume that was traded in bull periods open lt high and bear periods open gt high All volume of a period is distributed evenly over the prices covered by that period The bull volume gets the lighter colour see below the bear volume the darker color The colors can be configured in the ColorManager To activate the MarketProfile for a given chart right click on the chart s legend PLH FDAX TradeGuard MasterChart 0 x 2 30 hin f Foe ee ee ed ee ee od Speed trader Time amp Sales Save Study Save Study as Save as Template Study Remove all drawing tools 24 10 28 10 03 11 09 11 15 11 A111 10 00 5206 0 f 5150 5100 s050 s00 4950 4900 4550 4500 rrr Hi To change the MarketProfile s settings rightclick on the MarketProfile s legend entry PE FOAX TradeGuard MasterChart 10 x 30 Min f FOAM FOAM Tradeuard MaketProfile 0 D aisi MarketProfile Settings Remove MarketProf
223. te Sentimentor DAX DC03 FDAXDCO3 EUX 1 Min f Watch Future T File Portal view Window Tools Scripts Extras DrawingTools Help 1O x Tir sE RiB I Ai ara E Aroon 3 3670 by Bollinger Bands a BOM CCI z 2 Candle Stick Crossing MA o CCI MACD Channel Breakout RSI S Crossing MA gt gt Stochastic a or Pivot Points o Directional Ind DT Meta Sentimentor i D55 Express 4roonOscillator 5 10 ba ord Ute 5 Dyn Momentum Idx Directional Ind DI zi Kaufmann s AMA S Local Highs amp Lows hee Linear Regression 20 10 11 58 12 27 12 56 g MACD Ad 1 Min f MACD Histogram 12 a eos Display in MasterGhart 0 67 Display as subwindow in MasterChart window Display as seperate window Filter Stop 2040 11 58 1227 1256 Insert as Cancel 20 10 03 Mon 12 56 data 71 4 y 69 8 O 3560 0 C 3560 50 H 3560 5 L 3560 0 2 9 5 9 Auto Layout of Chart Windows Using the toolbar buttons you may switch between predefined automatic window layouts H S E amp These are specifically useful when working simultaneously with multiple trading systems Whenever a new chart is loaded a sentimentor is added or the main window is resized the auto layout will be applied H Tile Equity Layouts all MasterCharts and Equity windows hides all other windows H Tile Master Layouts all MasterCharts MetaSentimentors and Equity wi
224. terpretation The sentiment is fixed to be 50 Heikin Ashi is used for discretionary trading only 25 2 12 28 2 12 KAMA Kaufmann s Adaptive Moving Average Computation closefi close i span 5 close j close j 1 jJ i span l efratio i const FASTEST a 2 1 const SLOWEST A 30 1 smoothed i efratio i FASTEST SLOWEST SLOWEST Y KAMA i KAMA i 1 smoothed i close i KAMA i 1 Parameter Span number of periods to consider Interpretation close crosses KAMA from below sentiment value 100 close crosses KAMA from above sentiment value 0 close gt KAMA sentiment value 65 close lt KAMA sentiment value 35 Otherwise sentiment value 50 25 2 13 28 2 13 Linear Regression Computation A linear fit is calculated through the last Smoothness Span periods The value of this linear regression is calculated for the current day and stored in Yeregression A moving average over the last Span periods is also calculated and stored in Y omoothed Parameter Span number of periods for the linear regression Smoothness Span speed of the MA Interpretation smoothed crosses regression from below sentiment value 100 smoothed crosses regression from above sentiment value 0 smoothed gt regression sentiment value 65 smoothed lt regression sentiment value 35 Otherwise sentiment value 50 25 2 14 28 2 14 Local Highs amp Lows C
225. the Stop button is pressed or in case of exhaustive search all parameter combinations have been tested For exhaustive search max Tries has a special meaning Suppose the max Tries checkbox is checked and max Tries is set to 1000 If there exist say 10000 possible parameter combinations for the sentimentor to be optimized then every 10 combination will be checked This allows one to check very different parameter combinations and not just the first 1000 of the complete enumeration 16 2 19 2 Animation The animation settings are defined in the Animation Groupbox Animation I Show ll Tries Show Parameters iW Beep at improvement When checking the Show All Tries checkbox the sentimentor being optimized is continuously redrawn in its window Moreover the Show Parameters checkbox allows to display the current computed parameter setting in the Designer table Activate Beep at improvement to let Q Trader issue a beep whenever it encounters an improved parameter setting The animation settings can be changed even while the optimization is running Whenever a new best parameter combination is found it is displayed independently of the animation settings The settings for the animation and stopping criterion are stored persistently top 16 3 19 3 Progress control The Progress groupbox informs about the current state of the optimization Progress Tries f fol 20 i Improves 34 Last improvement at try
226. through restrictions the tail time range remains completely unknown for the optimization Hence the tail time range allows to see immediately in terms of graphics and statistics the behavior of a system on completely unknown data The partitioning of the price data into the three distinct time ranges helps greatly in the development of stable robust trading systems top 14 22 2 17 22 2 Visualization of the Time Ranges Equity Meta Sentimenton Yahoo USS Trend 1 D 207 Evaluation Time Range 150 renin mn 100 Optimization Control Time Range Time Range 50 ll Ee i ut P T 15 010300 06 2000 12 05 00 05 24 01 114 01 05 06 02 10 21 02 D4A 0 03 The Equity chart visualizes the different time ranges top 14 23 17 23 Specifying the Evaluation Time Range By specifying the evaluation time range the optimization and control time range are automatically set as the control time range is defined as a certain percentage of the evaluation time range In the screenshot given above the control period is defined as 25 of the evaluation time range Through this coupling the different ranges can be set and changed very conveniently To specify the time range for evaluation time range use the controls of the Evaluation Time Range groupbox Evaluation Time Range from 1 3 00 to 410 02 H AH kA Ak Tal F Freeze Chart The evaluation time range can be specified explicitly using the From To date pickers The Get button AH
227. tions top 16 19 Optimize Dialog The Optimize dialog can be started in a variety of ways e pressing the Exhaustive or Optimize button of the Designer dialog e clicking the toolbar button This mechanism automatically makes the Meta Sentimentor the active sentimentor e through the context menu of a sentimentor Progress Tres i 86 T Improves 4 Last improvement at try total met profit total of trades winning trades 4 losing trades percent orofitable 100 00 n a Animation Stop after Show All Tries mas Tries foon E Show Parameters V Beep at improvement max Time 00 00 06 E Start lose Confirm Close Evaluator By clicking the Start button the optimization is started To interrupt the optimization press the Stop button While optimizing the Optimize dialog displays continuously the progress While an optimization is running the title bar of the Optimize dialog displays the starting time After finishing the optimization it displays the consumed runtime 16 1 19 1 Defining the Stop Criterion The criterion for stopping the optimization can be defined in the Stop after groupbox Stop after mam Tries fiona E max Time 00 01 04 I The stop criterion is a combination of number of tries to be performed and the runtime Use the respective checkboxes to activate the criterions If both criterions are deactivated the optimization will continue until
228. top 15 2 4 18 2 4 Execution of Signals IQ Trader opens a position always due to a corresponding sentiment optionally requiring a confirmation in the next period In contrast a signal for closing a position can result from a respective sentiment a triggered stop loss or a reached profit target A signal created for a given period is converted by Q Trader into a corresponding trading activity You may choose between certain policies for executing signals Sentiment Enter Signals Signal execution Explanation Close same bar The entry signal is traded at the closing price of the bar that generated the signal plus slippage and commission Open next bar The entry signal is traded at the opening price of the bar following the bar that generated the signal plus slippage and commission Confirmation price The entry signal is traded in the bar following the bar that next bar generated the signal if a confirmation price is reached A long signal is confirmed if the high of the signal bar is reached In case the opening price of the next bar exceeds the high of the signal bar the opening price is used for the trade otherwise the high of the signal bar is used always plus slippage and commission The opening exceeds the high of the signal bar Thus the signal is confirmed and the trade is entered at the opening High of the price signal bar Within the bar the high of the signal bar is reached and the trade is
229. top Stop Llick T arget Parameter Initial Risk abs actual min max Heset fioo oo o c constant Evaluation Time Range from 10716 9 00 to 10 21 13 51 z H AH Rad AH ri oe When this checkbox is activated all incoming ticks are buffered Hence the zoom remains unchanged and the development of a trading strategy becomes more convenient as the underlying price data remains unchanged When deactivating the Freeze Chart checkbox the buffered ticks are added to the charts top 15 18 Evaluator Settings Dialog The Evaluator Settings dialog can be started with the Evaluator Settings menu entry of the Designer dialog It allows one to specify the parameters of the evaluators 15 1 18 1 The Trendsignal Evaluator Evaluator Settings X Trendsignals Unit for Pro fit Loss specification es ATA calculated for jz0 Z periods Short Signals Evaluate Short Signals aw Maximal Duration fz Minimal Profit 4 00 Masiniurn Loss ho Corect Signals Ba Long Signals Evaluate Long Signals W Maximal Duration ja Minimal Profit 4 00 H Masinurn Loss ho E Corect Signals pam Signal Filter Value only one signal per 5 periods Remaining Long Signals i 12 Remaining Short Signals i 14 Points per corect Long signal fi corect Short signal i wrong Long signal wrong Short signal Best possible rating
230. ty Partners an Manager 110 00 l 1of21 03 L economie dans le monde Mardi 21 octobre yen level in Mew York overnight dealers said 10 21 03 Taiwan s TSMC buys equipment worth 646 35 min twd From Applie At 2 55 pm the dollar was trading at 103 67 yen having moved in a 10 21 03 Eurotunnel likely to refinance 3 bln stg of junior debt 109 73 110 41 range so far in Asia The euro was trading at 1 1652 to the 10 21 03 ABB rechnet weiter mit verkauf des OGP Geschafts bis Jahresend er LO 1 10 RPT Forex US dollar slightly weaker vs yen in Singapore trade o EDE VE ERS MWe el Dealers said the market attributed most of the US currency s gains 10 21 03 CHifexportations horloageres 9 mois chiffres par pays tableau 10 71 03 ROUNDUP E ON baut mit Midlands Electricity Ubernahme m yesterday to comments by US Treasury Secretary John Snow who said in an F 9 12 DetailsBar DySen FIDES Trader Extension Choose DetailsBar from the context menu of a Fides security to create a DetailsBar for that security M Dynamite Sentimentor File Portal View Tools Scripts Extras Help al 2 Wee OSRE mam WorkspaceBar Sy Scripts al H E Manual Sentimentors HE NASDAQ 100 E E Index DAX 30 Xetra SRR BADIDAS SALOMON AG GL cAi ALLIANZ AG YMA O M Open e ALTANA AG O M Symbol Details H E BASF AG O N EA BAY H PO VEREINSBK Tepe uae H E BAY MOTOREN WERKE Time and Sales H I BAYER AG O N eos
231. vert Zoom to PlayBack ba EHER hy s020 l r agot 7980 Save Study Save Study as Save as Template Study Jy bp Oy Remove all drawing tools 7960 Jet Embed Chart in Main Window 4 l Ma Fi rr a Mhn i i i l y m F906 5 25 06 1215 13 15 14 15 15 20 16 20 impen 15 25 19 25 20 25 21 30 a E E 25 06 07 Mon 13 40 data 7933 5 y 6063 4 G Iano G POSS H 72300 L 79330 Wis35 Span 0 06 At this point DySen queries tick data for the selected zoom and converts it into a Recording Note that most data feeds only provide a precision of seconds for the timestamps of ticks Therefore DySen automatically distributes evenly all ticks showing the same timestamp over the second they have occurred Also note that the recording does not contain orderbook data as this data is not provided by the realtime data vendors In addition DySen queries and saves the tick data for up to the three preceding calendar days In case your current study uses less data then that amount of data is queried When starting the Playback this data is immediately visible and thus gives a context for indicators and your discretionary methods When the recording is finished a dialog pops up x The data has been sawed with the title FDAxSFOF EUY 25 06 07 11h15 2130 Please see the FlayBack Folder in the WworkspaceBar The Recording now shows up in the PlayBack folder of the WorkspaceBar MaDynamite Sentimentor File Porta
232. winning trade 100 ooon Fa Total Net Profit jo lt avg number of bars in winners lt fi gogo absolute maximal drawdown lt jrooonan relative maximal drawdown lt 100000 max consecutive losers lt 10000 E number of winning trades 100 total number of trades jo probit factor 10000 Met profit mas Parameter Scatter lt froooo x avg Parameter Scatter lt 10000 Z using 10 Steps Control Periods 25 4 of Evaluation Period fo Constraints 4 0 He Abbrechen In case the control time range is not required specify 0 14 25 17 25 Tail Time Range The tail time range is automatically set by Q Trader to the time range following the evaluation time range The tail time range may be empty 14 26 17 26 Switching to the Tail Time Range IQ Trader allows to switch between the evaluation time period and the tail time period by clicking the Ial button This button is clickable if the current evaluation time period does not consume the end of the available price data Evaluation Time Range trom 3 29 00 l to y 4 02 H AH hal ALE PX Tail Freeze Chart When clicking the L Is button Q Trader switches the evaluation time range internally to the tail i e from 3 4 02 to the end of the available data and displays the trading results in terms of trading signals and performance report To switch back to the original evaluation time range just click again on the M
233. with 1 Parameter Span span in periods for the R computation Overbought Threshold threshold for the overbought region Oversold Threshold threshold for the oversold region Interpretation curve leaves overbought region gt sentiment value 0 curve leaves oversold region gt sentiment value 100 Otherwise Sentiment value 50 25 2 32 28 2 32 Volume The Volume sentimentor can only be used as a blocker i e in case the Volume exceeds a threshold enter signals in both directions are passed otherwise enter signals are blocked Computation No computation Parameter Threshold necessary volume to let enter signals pass Vol 10 x determines the multiplier for the Threshold see below Span speed of the volume MA As the volume may range from several contracts to a daily volume of several million shares the given Threshold is multiplied with a power of 10 this allows to work with a small number that fits well into the Designer table The following table gives some examples Thus Threshold Resulting Para Threshold 900 000 2 000 000 Interpretation MA of Volume gt Threshold enter signals are passed MA of Volume lt Threshold enter signals are blocked 25 3 28 3 Candle Stick 25 3 1 28 3 1 Visualization of Candle Stick patterns Most of the candle stick patterns are need to appear in a certain trend in order to be significant Therefore the Candle Stick sentimentor works in two
234. x Restrict result to licensed symbols Otherwise the complete FIDES database will be searched For numerical fields the operators gt greater than gt greater equal than lt less than lt less equal than might precede the numerical value Once the search criteria are entered press the Search button to start the search x Search for in field in field in field Ezo Underlying E gt 50 Strike x E Instrument Seach StockOptions Restrict result to licensed symbols Reset Fields Name FIDES Ticker_ sN SIN CUSIP Currency Exchange FIDE The search can be interrupted by pressing the Cancel button xl Search for in field in field in field sap Underlying E gt 50 Strike Instrument working StockOptions Restrict result to licensed symbols J Reset Fields Name FIDES Ticker ISIN ISINtr CUSIP Currency Exchange FIDE t Ok Searching ne DySen FIDES Trader displays up to 250 symbols that match the query The total number of hit symbols is displayed at the bottom of the dialog If more that 250 symbols are available the query needs to be more detailed Fi Symbol Search x Search for in Field in Field in field Instrument StockOptions Restrict result to licensed symbols 7 Reset Fields Name FIDES Ticker_ 1sm I5 Ntra cu Currency Ex FIDE Putcal FIDES Und ExpirDate Strike Interes _
235. xi c Fipertec trend following system with special care for money mangement When pointing to the toolbar button without clicking a popup window will display the notes Adobe Systems US ADBE 1D Tre top 14 11 17 11 The Designer Table The upper part of the Designer dialog consists of a table which could look like this Trading Filter CCI 16 114 Stop Trailing Stop T 0 Stop Frofit Target U 0 Stop Parabolic Stop 3 006 Stop BreakE ven Stop 1 22 0 5 Meta Sentimento i kautmann s AMA The first row contains the parameters of the current trading approach in this case the chosen approach is Trendsignals The subsequent row contain sentimentors and their respective parameters If the Meta Sentimentor is used it is always displayed in the second row for ergonomic reasons top 14 12 17 12 Changing Parameters of a Sentimentor The way a sentimentor works is defined by its parameters The Designer table lists all selected sentimentors and their respective parameters All parameters are integers To change a particular parameter it is necessary to click into the corresponding cell This results in an adaptation of the fields inside the Parameters groupbox US ADBE 1D z File Sentimentors Optimization Window EB Pals B PIE amp Be Adobe Systems Aggregation Approach 1 a Day s Performance Trad aU 114 125 Stop Trailing Stop Stop Profit Target Meta Sentimentor Kaufmann s Aba P
236. yout of Chart WiNdOWS nee er eens eee 32 5 10 Displaying MarketDepth and Time amp SalesBars in the MasterChart 32 5 11 Displaying the MarketProfile in the MasterChaftt ccccecsseeeeeees 35 5 12 Sentimentor Context MenU ssssssessesssrneresrenrenrerrernnnnnnrnrenrenrerrenrenrens 36 Cl EE E E E E ER 37 a Bange WNGON ene eee 38 5 15 Creating a Range WINdOW ccccccseccseeeceeeeceeeeeeeeeeeeesaeeseneeseeeeas 38 5 16 Closing a MiaSIE I NAIL i cispcasacaseaicadaiycouncabactsessbacauadanacouatieianeadaesaea eats 38 Be OTDM e E R EE 38 5 18 Display Signals c ccc ccecccececeseceeeececeseeeceeeesaeesaeeseueeeueeseeessueeseeesaees 39 Cie Se TT a E E daeessaneoaeedace 39 O1 NO Visualizing Stops and Profit Targets in the MasterChart 40 5 21 Copying a Chart as a Bitmap to the Clipboard cc eecceeceeeeeeeee comme SLES GALA a cg Geen tenn nen etn eee tee en een rte enn te eee eer 6 1 General Notes cc ccccccccecceeeceeeeceeeeeeeeeeeeeeeeeeeeeeeeeseeeueeeeueeeeeaeenas 6 2 Usage Modes of a Trendline and Horizontal Line cc eeeeeeee es Go OENE AN A eei eE E EEEE EEE EEEE EEE eee 6 4 Drawing Fibonacci Levels into a Chart cc ccccceccseeeeeeseeeeeeeeeaees FO o E E tecececy case E E E E N E E E E fee i E ee eee E E E E T La E E o IOC r E ER EEEE A EEEE ra BS Oe LARERE 9 Time amp ot eitinisrnitvicnatinseraetisnesda ated ated 10 SCCA E E E N E A

Version 5.3 User`s Manual - Berkeley (Bahamas) Limited

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