Transcript
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Now let’s look at the strategies window. This is how you define your entries, exits, and other trading rules. Hit new to create a trading strategy. You can create any number of strategies, all of which will run at the same time. At any time you can select a strategy, and hit delete to remove it. Alerts lets you choose the entry signal. Notice that this is the same configuration window as in TI Pro. Trade Instructions allows you to configure other parts of the strategy. You will notice that this window looks a lot like the OddsMaker configuration window. This is not an accident. Use the OddsMaker to back-test and tune a strategy before doing any real trading. One difference is that the robot’s Trade Instructions window always uses local time. Make sure the time on your computer is correct! The robot will only place trades during regular market hours. Be sure to set the close time correctly, or the robot might not be able to exit all of your positions correctly. You can also change the maximum number of signals that you want to trade for the strategy. The OddsMaker always uses 100 per day, to give you a statistically valid view of the market. But you probably want to use a lower number for real trading. Once you have a strategy that you like, you can copy it rather than starting from scratch. In this case I’m going to turn a long strategy into a short strategy. Save allows you to save a strategy to disk. You can load it later. You can copy it to a different machine or mail it to a friend. Save as default allows you to change the behavior of the “new” button. Now each time I hit new I will get my long strategy, rather than the blank strategy. Save all allows you to save all of your strategies at once. Load allows you to load a strategy that you saved before. You can also load a list of strategies. The strategy lists are specific to the robot, but the strategy files can be shared with TI Pro. Bull watcher and Bear watcher came with TI Pro. But I can load them here in the robot. I can also save strategies in the robot, and load them as windows in TI Pro. Collaborate is another way to change the entry conditions. This window works just like the collaborate window in TI Pro. Notice the check box next to each of these strategies. By default, all new strategies are not active. The robot will not try to open any positions until you check the box. If you remove the checkmark the robot will stop looking for new entry signals. The robot will continue to exit from trades. Sometimes one or more of the checkbox will appear to be disabled. This means that the strategy has already reported all of the entries that it is allowed to report for a day. Notice that you can still check and uncheck a strategy in this state. This is important because a strategy will not stay in the disabled state forever. At midnight, the strategy will start counting from 0 again. And you can also go to trade instructions to raise the maximum number of trades per day.