suri.chartsimulator (Daily)

Transcription

1 suri.chartsimulator (Daily) TradeStation Simulate/Pause/Forward/Back All Symbols, Daily Charts Any Indicators, ShowMes, Paint Bars and Strategies Bar and Candlestick Chart Styles Main and Sub-graph indicators User Adjustable Speed Settings Customizable Date Ranges Cross Hair Functionality for DataView TS 9.+ OOEL compatible Version 1.0 surinotes.com

2 Legal Notices and Disclaimer Chart Simulation (Daily) in TradeStation, 2015 ALL RIGHTS RESERVED No part of this document may be reproduced or transmitted without a written consent of the surinotes.com or Suri Duddella. This document relies on sources and information reasonably believed to be accurate, but neither the author nor publisher guarantees accuracy or completeness. Trading is risky. You are 100% responsible for your own trading. surinotes.com or Suri Duddella, specifically disclaims any and all express and implied warranties. Your trades may entail substantial loss. Nothing in this document should be construed as a recommendation to buy or sell any security or other instrument, or a determination that any trade is suitable for you. The examples in this document could be considered hypothetical trades. The CFTC warns that: HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR ISLIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. COPYRIGHT 2015 surinotes.com Charts are created by TradeStation Software from TradeStation Securities. Printed in the United States of America

3 Chart Simulation Introduction Education is one of the key elements for successful trading. Practicing and reading charts may lead to perfecting the art of trading. Traders can hone their entry, exit strategies and get familiar with its nuances. Simulation software is used to build confidence and tweak their trading models for optimal outcome. Trading simulator shortens a traders learning experience in the markets. Traders learn many nuances in simulation mode of trade execution which may not be visible in building a trading theory or models. Trading models or trading systems are built on a set of rules with specific trade execution methods. To achieve the successful trading results traders spend thousands of hours to find key opportunities and optimal setups. Execution of their trade setups and results can be only realized through live trading. Unfortunately, this method could be very expensive to learn the nuances and errors in their models. An alternative way is to simulate their trading models, practice and learn their nuances. Chart Simulation for TradeStation software will show bar by bar simulation in an intuitive way to simulate and learn trading any market instrument in daily time-frame with any user built indicators in user selected speed. Chart Simulation software allows users to enter any symbol, (daily timeframe) in to a clean TS Chart along with user built Indicators to simulate the data in Bar charts, Candle stick charts. User controls to pause, play bars backward/forward, control speed and re-wind the chart features are added. You can also load multiple indicators in a chart or in sub-graphs with adjustable settings. Third-party data of daily time-frame can be also simulated. Learn Key Trading Methods Learn Key Indicator usage and its nuances Reduce the learning time Educate Indicators or Trade Setups Find Best and Optimal Trade Setups

4 Installation Installation suri.chartsimulator is available from TradeStation Appstore. Subscribe to suri.chartsimulator indicator from TradeStation AppStore and follow installation instructions. Once the indicator is subscribed, you can insert suri.chartsimulator in any TradeStation Chart (Daily Time Frame).

5 Simulation Settings

6 Simulation Settings Parameter Usage BarIncrementDays: 1 Sets Bar Increment Days Speed Interval: 1000 Sets Speed Interval (1000msec =1 sec) to use for Speed CrossHair Color: RED Cross Hair shows Current Date and OHLC prices. Set Cross Hair Color Display Status Line: TRUE/FALSE Displays Status Line on Chart with Symbol, Date/Time, OHLC Values StatusLine_YOffset: 50 Status line Y-Offset in Pixels from the Top StatusLine Text Color: DARKGREEN Set StatusLine in Color Status Line

7 Chart Simulation Chart Preparation 1. Open a Chart of any instrument and DAILY time-frame. 2. Select Bar Style (Bar Charts or CandleStocks) 3. Load plenty of data (at least twice of your Simulation Bars and Indicators) 4. Insert suri.chartsimulator Indicator 5. Format indicator to set Chart Style and Number of Bars to load And colors/thickness etc. 6. Make sure RunCommand (from General Tab) is CHECKED with confirmation OFF (See the Image)

8 Enable Run Command Enable RunCommand keyword: Set With Confirmation is OFF and set it this setup as Default.

9 While opening suri.chartsimulator Workspace, you may need to enable to confirm Open Windows with Items Enabled

10 Chart Simulation You should see the following chart. Make sure you have enough data loaded on the chart.

11 Chart Simulation Notes: 1. To add an indicator in the middle of simulation, the best practice is to add indicator and start again. 2. You must load plenty of data on the chart to see the simulation and its indicators replay.

12 Chart Simulation Controls Button Description Back5 Back 1 Pause Play Forw 1 Forw 5 Reset Jump 5 bars back Jump 1 bar back Pauses the chart. Play Move forward 1 bar Move forward 5 bars Reset Buttons Speed** Select Playback Speed from 1 to 10, 1 = Fast, 10 = Slow ** Playback speed interval is determined by 1000/speed. You can set 1 = Fast, 10 = Slow

13 ChartSimulator Controls Chart simulator has following controls 1. When a chart is first loaded, [From Date] shows the date the currently chart is loaded from. Select a [From Date] where you want chart to simulate. 2. The SIMULATE button will simulate the data immediately. 3. You can use Chart Control buttons like PLAY, Pause, Back, Forward buttons to play simulate the chart. 4. Select a SPEED (1=FAST and 10=Slow) to control the chart refresh rate. You can also use Large RED Pause button or GREEN play buttons to Pause/Play the chart at the given speed.

14 INDICATOR Examples

15 Adding Indicators to Charts To add an indicator to a DAILY chart, Open a chart and insert your customized or TS supplied indicator. You can indicators in Sub-Graphs or main chart on the Chart Simulator. When you are simulating the chart, it will show indicators corresponding to that date in main graph or sub-graphs.

16 Adding Indicators in Sub-Graph Chart SIM with sub-graph Indicator

17 Adding PaintBars

18 Adding Cross Hair To add Cross Hair (shows current bar Date, Open, High, Low and Close

19 Strategy Simulation

20 MARKET CONTEXT Market Context Most technical traders use chart analysis with market context concepts to trade. Market context concept is described as how current price is reacting to certain levels (pivots, support and resistance) and how indicators are performing relative to historic price conditions (like oversold, overbought) and where/how patterns are developing in current time-frame or multiple-time frames etc. Each trader develops his own market context to trade. One of the elegant ways to define market context is through a Fib. Grid structure. Fib. Grid consists of Fib. Bands (showing price reaction, trends), Pivot levels (to show historic Support/Resistance areas) and Market Structures (to show potential turning points). All these patterns are well explained in my book with clear examples. On any trading chart, Fib. Grid layout is plotted to understand how current price is reacting to the Fib. bands and if the price is exhausted, and price trading above/below the extreme bands and how the price is reacting to the support and resistance levels defined by Pivots etc. A Market structure (MSH/MSL) algorithm is used to confirm if the recent pivot high/low is a key pivotal Market Structure to assist ABC formation. Confluence of these levels in the Fib. Grid structure along with emerging pattern structure (and pattern target/stop levels) helps a trader make a clear trade decision. Pattern trading is very precise as each pattern has specific rules to enter/stop and targets. When combined Pattern analysis with market context gives a great edge to trade. Patterns also fail but their failure levels are well defined and that information is clearly known prior to the trade. Hence, pattern trading has much more advantage than trading other trading methods. Here is a Market Context chart to show the Fib. Grid structures, Pivot formations (Floor, Globex, Opening Range, Fib. Zone) and Market Structures. The other surinotes software like Harmonic Pattern identification methods (i.e., Gartleys, all X5 patterns ) also use Market Context in real-time to identify key trading opportunities. These patterns also automatically plot Entry/Stops and Target levels without any delays to give potential trade opportunities.

21 surinotes.com s products CHART PATTERNS Auto ABC Patterns Description Auto ABC patterns for all instruments, RT/EOD Auto Gartley/Butterfly Head and Shoulders Cup and Handles Channels, Flags, Triangles Market Structures 2B Top/Bottom Patterns Triangle Patterns Gartley, All X5 Patterns in RT/EOD H&S, Inv. H&S Patterns in RT/EOD, All instruments Cup and Handle Patterns in RT/EOD. Channels, Flags, Triangle Patterns in RT/EOD Market Structures for all instruments/time-frames 2B Top/Bottom Patterns with Trade Info. Symmetric, Ascending and Desc. Triangles SUPPORT TOOLS Combined Market Internals SuperBars Fib. Zone Pivots Chart Simulator Volatility Zones Fib. Bands Description Market Internals Indicators Market Trend PaintBars Fib. Zone pivots for Intraday Trading Chart Simulator Detects Intraday Volatilty Zones Plots Fibonacci Bands

22 surinotes.com Intelligent Trading Innovation Suri Duddella ( demicron ) surinotes@gmail.com