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This is Tuesday Nov 25th and we are approximately 4 minutes away from the open. This is going to be our second day of showing you the Trade-Ideas TD Ameritrade trade robot Live in action. I modified the layout, we said that it’s a little bit easier to see here in the upper right hand side we can see on the orders that are coming in. This will be the P&L now, this will be the closed positions and this will be the open positions, so we are just 4 minutes away from the open and I will turn the recording back on right as we start. We are approximately 45 seconds away from the open and as soon as that markets we will start to place trades again we are trading 6 different strategies and all of them should start to produce some results shortly. So now you can see these are the orders we have in the market so far only one stock has been filled, again here you can see the P&L and here you can see it visually. We will just keep it going and see how we do today compared to how we were doing yesterday. Right now we are up just a little bit over 2 points. Ok again just that you could see in a demo here is all the trades and here is what all of them look like. We are getting into more positions as the days unfolding we are in quite a few all together. Now it is just bouncing in between flat and up a point and up 2 points. I have a time in force on my strategies of approximately 3 minutes in terms of open orders so what will happen is after 3 minutes in the market the orders that I have are out there sitting open should start to be cancelled. Again this is necessarily a typical morning, we are pretty aggressive this morning in a lot of positions in fact, I will extend this out a little bit so that you can see the total number a little bit better. Here it is. This is the total number of positions in this P&L area helps you gauge where your trouble and were your good stuff is. Soon this will be sortable so that you sort by it, and again this is going to be a lot more color. Remember this is kind of the first phase of the robot where we are working more on the functionality part, but the idea here is pretty simple and that is that we want to show you that not only can you get into these trades, but you can also manage them completely hands free which is what I am demonstrating in this video and that you are also able to make money in the process I mean. again not necessarily all the time but we have backtested these strategies and right now I am up 3 points. Obviously, I would not be trading these necessarily with 50 share lots, but for demo purposes I am trying to show this in a live environment and show you that again you can make money doing this and at a lot of times the best opportunities come at a time in the morning were you know, a regular person would have a very difficult time trying to order up trades in the magnitude that we are doing here so as to being able to take advantage of all this, but this is where the advantage lies and notice we have everything. We have long positions, we have short positions, we have the whole gamut, so it is important to be able to play both sides of the market at once. The little minuses that you see here and again they will be more clearly labeled related are short positions. The process that you see are long positions so you are going to get an Idea of, here is a position PPDI that were long at $23.99 and we are up $36 and we are up almost a point in our trade close to it, so that is the way for you to be able to sense the data that you are reading, but our P&L has fallen off highs, but it is still hovering above the 2 point range and is right around, here it is just a little bit over 3 points and a number 2 that the times for these trades is 15 minutes. We are about half way trading this strategy and approximately 7 to 8 minutes. All these trades will be closed automatically by the software. So the idea is that you know if your profits are running and wants to let them run, if not, then you don’t have to be in the market for very long period of time to take a advantage of a move. Sometimes it is best to just do the mathematical analysis beforehand and let the odds play in your favor, if they play in your favor and again here I am just trying not to interfere with the system.
Watch live automated trading using the Trade-Ideas Robot through a TDAmeritrade account. Using 6 strategies, 3 long and 3 short, Dan Mirkin places orders in the first 2 minutes of the market open with a hold time of 15 minutes. This is part 2 of 2. Contact Trade-Ideas (www.trade-ideas.com) for more information.
I am at approximately 5 to 7 minutes left and some of the strategies and we are again approaching the fourth point mark just about right around 3. Okay, now we are at the 3 point mark, P&L points back, so we are going to do is to see what happens in the next 5 minutes. Once the trades are closed they are going to appear in this window, the closed positions window, and some of the messages that you can see here, these are all the out going messages as we sent the orders to TDA . The errors that some of the messages are talking about, why some symbols were ignored like for instance the Trade-Ideas TD Ameritrade Robot has some rules about getting into multiple positions and things like that, and these rules again are meant for your safety and obviously some stocks we are unable to short, because of the rules and this is what you see, current state unknown, shares and security are currently not available at the short. And here is the P&L. Now you can see we are not wining in everything, here is one were we are almost down a whole point. But we definitely have more winners than losers, as of this point right now so that’s working in our favor and again hopefully we close up positively. Looks like we are approaching the 4 point mark. We are hovering right around there somewhere, so that’s a good sign right now, but again its hard to say you can very easily go the other way too . Ok these are just showing you that the orders, that we had open before have been cancelled because they were in there firmly 3 minutes , because we don’t want to be in hundreds of positions, you know, we have lot of orders out there but that’s kind of the approach in terms of what it is that you need to do. To make money consistently, you need to be able to sort of have a broad approach, where you cant just focus only on one stock because , look at the situation here; we have a lot of winners and we have some stocks that are losers, the key is to be able to bob and weave almost like a professional boxer . Here ICLR is a looser but we are also confident because we know that we have a stopping. This is our entry price right here and this is our stop price so although you are down in the trade, we know that our risk management rules are in place to help us prevent from this one trade from turning into a disaster where it wipes out all the gains. Here the P&L is falling back, I mean we are only up 3 points now , but again I think it is important for this demonstration to just let it do what it does because the more you as a human get involved in the trade the more you are likely to make the mistakes. Sometimes the computer is going to do better than some days than other days, I mean it is not going to win all the time but the point is that , if you start in a feeling and if you start getting in there and trying to second guess it will, ultimately ends up happening, is you have the chance of taking a day where you would have been making 5 or 10 points and turning into a day where you make 1 or 2 . So, that’s what which is keeping our figures crossed and letting our analysis that we did before hand do the management. Again notice that we do have a loosing trade. This is not just us trying to pretend that we are super traders and the computer is always right. It's just that in the positions that we are in, we have more winners than losers, and that’s a good thing. We are slowly starting to exit some of our trades, and now it looks like almost all our trades are done. We have one more out there still open and its the SONC which is an $18 winner, so it looks like we won right around 3 points. Now I am going to show you is that I can actually take this trade and I can get out of it manually too, and may be this is a good example although it's about to exit itself. What I can do is I can click on the trade as you can see it is high lighted and I can click on the Flatten button, now there should be an out going message to exit the trade, and here it is, it is SONC action sell order, and it's gone and now here is my P&L. So, all and all I made 3 points today . The idea here is obviously this, with the amount of trades that I faced, I am trading at retail commissions which are not all that profitable, but again I am doing this for demo purposes with 50 share lots. In the next few videos we are going to increase our share size so that you can see what its like to actually trade for real. Yesterday we would have made money because we only had a lot fewer trades trading almost to end, any commissions strategy, today you will have to trade around 200 shares to make money possibly a few more. I will do the analysis and put some information on the video side, but this is the general idea for you, again the day is done and the most important thing is, it was positive. So, we hope you enjoyed this video lesson on how to use Trade-Ideas as a TD Ameritrade Robot to trade automated strategies.
