0-4 Program Short Description

Steps to bring up the 04 page:

1. Create the trading program. Create a group (or use an existing group) with contracts you want to run the 0-4 program on. Bring up the create/edit group dialog and select edit trading program for selected group Click on triangle tab (tab1), and set automated long signals to "On", the enter parameter at 0 marks and the exit parameter at 4 marks Set the automated short signals to "Fade", and once again set the number of entry marks to 0 and exit marks to 4 (if you want to create an all shorts 0-4 program, reverse the above so that automated long signals are set to "Fade", and automated short signals are set to "On").

Click Done, and Done on the prior screen as well.

2. Run the program. Go to pats routing in the special menu, and select the group that you had setup previously setup. Click Generate Signals on selected group. The 04 spreadsheet page will come up automatically when you run a program thru pats routing. (the "Mel" displays also come up automatically, I would say you can safely ignore those and close them).

Elements of 0-4 program spreadsheet display:

On the 0-4 program spreadsheet, every blue + is a long entry, and every red + is a fade short entry (or visa versa for all short programs). The blue and red pluses will correspond to the trades on the messages window. The position of each plus or minus is the entry price for that trade. If you roll the cursor over a plus or minus you will see the entry date for that trade.

The gray boxes represent the exit prices where the running inventory of trades got knocked out at. There may be quite a few trades inventoried before you see a gray (exit) box that knocks all of the current inventory out.

The dark blue/purple box in the next column over represents the current market price. In the latest version of software (not on the server yet) the color of this box (the price will remain the last price), will vary based on age dating the current inventory. The system will count the number of "marks" (any + or - on the F10 display), since the first trade of the current inventory, i.e. the first open trade. 

Every 10 marks, the system will darken the color of the price indicator box. You can roll the cursor over the mark and see the count as a numeric value. The orange box is the "imbalance" price. It is also derived from the F10 display. It is the last +/- or -/+ 2 mark combo where the marks are basically aligned right next to each other (within 4 ticks on the futures and 10 cents on the stocks).

The are a few other aspects to this display that are in development. At the very last trade entry column (a plus or minus), you will see overlaid a vertical display of solid blue boxes, checked blue box pattern (solid blue-white-solid blue, etc.), or a blue dash pattern (-). The solid blue represent the range of the last three blue pluses. If a box is within the range of the last three pluses and is ALSO in the range of the market since the last trade entry, then it will be solid blue, otherwise you will see a dash in that box.

If a box is outside of the range of the last three pluses, but within the range of the market since the last trade entry, then you will see the alternating solid blue-white pattern.

The remaining items are the green boxes you see stacked up in the last one or two columns. This basically is a readout of the green minuses from the F10 display since the last triangle. If there is more than one green minus at a given price, it will stack a column over horizontally (like a market profile). This display tracks green minuses since the first grouping of two or more green minuses in the area since the most recent triangle.