System Create-Edit Window

Click here to watch a video on how easy is to create and test systems. No code needed.

System Name - Type the name that you want for this system.

Indicators in use (top window) - - in this window you will have the indicators that you are using in this system. If the check box in front of the name of the indicator is not checked then the indicator will be displayed on screen but it will not be used in any calculation of positions in this system.

Indicators List (bottom window) - - in this window you have all the indicators that are in the program.

Add - click to add the selected indicator(s) to the Indicators in use window.

Edit (in use window) - click to edit the select indicator.

Delete (in use window) - click to delete the select indicator.

Save - click to save the system.

Edit (Indicators List) - click to edit the selected indicator. You can use this edit button to edit the indicator's default parameters.

Delete (Indicators List) - click to delete the selected indicator from the Indicators List. None of the default indicators can be deleted.

Trade Type - Highlight an indicator in the Indicators in use window then select a trade type from the list below.

Use as trend indicator - when selected the highlighted indicator will not be used to trigger buy or sell signals but will be used instead to define the trend for other indicators. For example, if you have one indicator in use as a trend indicator and another in use as a trigger, the system will go long only when the trigger indicator has a buy signal and the trend indicator is in an uptrend. In this simple configuration the system will be flat if the indicators do not match each other.

Do not trade long positions - the selected indicator will never go long.

Do not trade short positions - the selected indicator will never go short.

Invert positions - when select all buy signals will become sell signals and all sell signals will become buy signals.

This system trades at - Select the timing of the trade. Options include: at the bar's closing price, at the next bar's opening price, at the nearest indicator's value. The nearest indicator's value option will try to use the value (when possible) where the system really generated the trade in real time. Note that if your system has any indicator the trades only on the close the system will trade at the close price even if the “trade at the nearest indicator value” is selected.

All trend indicators must be in the same direction - a trade can exist only when all indicators selected as trend indicator are pointing in the same direction.

Trend indicator must be already in the right direction - If your trigger indicator goes short, the short trade will exist only if the trend indicator is already short. Otherwise, the system will stay flat. If the trigger indicator goes long, the long trade will exist only if the trend indicator is already long, otherwise the system will remain flat.

Use trend indicator only on entries - when your in a position and the trend indicator changes direction this will not change the position. Only when the trigger indicator changes will the position change.

Allow contra trend trades- with this option you can select the number of contracts to be traded for trend trades and contra trend trades

Allow multiple entries in the same direction - Allows system to go long or short multiple times at different price points.

No flat position, use only STOP/PROFIT protection - the system will go long or short using the selected indicators but will never go flat using the selected indicators. It will, however, use your selected stops and/or profit protection parameters.

Add position on reentries - if 'No flat position, use only STOP/PROFIT protection' is selected then when the indicators you are using go flat, the position will not go flat because you have the 'No flat position, use only STOP/PROFIT protection' selected. However, if the selected indicators initiate another position in the same direction, the system will add on more positions. For example, you are long 1 share or contract and the option 'No flat position, use only STOP/PROFIT protection' and 'Add positions on reentries' is selected. Your trigger indicators happen to go flat but your system will not because 'No flat position, use only STOP/PROFIT protection' is selected. Now the indicators happen to go long again. The system will then add one more share or contract for a total of 2 shares or contracts. This will continue until the Max Entries number is reached or the STOP/PROFIT PROTECTION is reached or if the system goes short.

Show trades on the chart- when selected an arrow showing where the trade was initiated will show on the screen.

Alarm on condition - an alarm will go off when the system initiates a position, goes flat, or reverses. If “Only last bar” is checked then the alarm will sound only on the last bar on file. If you use the scroll bar to go backward then forward on the chart (i.e. to do backtesting) then as trades appear the alarm will not sound.

Show indicators names - when checked you will see the system name as well as all indicator names in use by the system. The indicator names will be listed underneath the name of the system in the upper left hand corner of your chart.

Options Button