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:
- Plus/Minuses (trade entry boxes)
- Grey Boxes (trade exit boxes)
- Last Price indicator (various colors)
- Imbalance Price (orange box)
- Green Minus readout boxes (green boxes in last columns)
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.
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