ART Software Manual TS

8/2/2019 ART Software Manual TS

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AR-1001-09-10

Applied Reality Trading

Featuring The Pyramid Trading Point

Indicator

CHARTING SOFTWARE

USERS MANUAL

For TradeStation Users

Of The ARTCharting Software


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Published in the United States of America by:

10755-F Scripps Poway Parkway, #477San Diego, CA 92131 USA

E-mail: [email protected]

Phone: (858) 695-0592 Fax: (858) 695-1397

TradersCoach.com is a trademark ofTradersCoach.com Incorporated. Allrights reserved. No part of this publication may be reproduced, stored ina retrieval system, or transmitted in any form or by any means,

electronic, mechanical, photo copying, recording or otherwise without theprior written permission ofTradersCoach.com Incorporated. The

publisher has made every effort to ensure that the content of this booklet

is entirely accurate at the time of publication but assume no liability forany inadvertent errors contained within this text.

Hypothetical or simulated performance results have certain inherentlimitations. Unlike an actual performance record, simulated results do

not represent actual trading. Also, since trades have not actually beenexecuted, results may have under-or-over compensated for the impact, if

any, of certain market factors, such as lack of liquidity. Simulated

trading programs and ideas in general are also subject to the fact that

they are designed with the benefit of hindsight. No representation isbeing made that any account will or is likely to achieve profits or losses

similar to those discussed.

The information in this booklet: Applied Reality Trading - Charting

Software Users Manualis intended for educational purposes only.Traders are strongly advised to do their own research and testing (Paper

Trading) to determine the validity of any trading idea or system.

Trading and investing carry a high level of risk. Past performance doesnot guarantee future results. TradersCoach.com, Bennett A. McDowell,or affiliates assume no responsibility for your success or failure in

trading the markets.

Copyright 2010 by TradersCoach.com, Inc.


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ART For TradeStation Page 1

Applied Reality Trading

TradeStationVersion of The

ARTCharting Software Users Manual

TradeStation Registration

It is recommended that, prior to installation and use ofyour ART Charting Software, you go to theTradersCoach.com website and watch the installation

video and then register on-line at:

http://www.traderscoach.com/charting_software_registration.htm

Have your TradeStation account information handy

when you are ready to register. You will need theTradeStation Customer Number associated withyour TradeStation service to complete the ART

Charting Software registration process.

NOTE: If you are on an ARTSoftware trial, you donot need to register since we already asked you for yourTradeStation Customer Number.

Copyright 2010 TradersCoach.com, Inc. All rights reserved. Any reproduction and/orelectronic transmission of this document is prohibited without the prior written consent ofTradersCoach.com and is a violation of international copyright law. AR-1001-09-05


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Software Settings:

You may want to adjust the Pyramid Trading Point

settings. Do this with theMinScore setting.(See page 3 of this Users Manual to makeadjustments until you see more Pyramid TradingPoints.)

Different markets and time frames have their ownunique volatility that we can adjust to using the ART

Charting Softwares MinScore function foroptimal trading. The Default setting of 5 will workbest on most all markets and time frames.

When you look at charts for the FIRST time, makeadjustments to this setting until the Pyramid TradingPoints capture most trends, then that will be yourOPTIMAL setting.

Remember, if you have any questions or need furtherassistance, E-mail us via: [email protected].

NOTE: Future versions of TradeStation mayproduce different ways to load indicators on charts soreview your TradeStation instruction manual on

applying a technical indicator.

Copyright 2010 TradersCoach.com, Inc. All rights reserved. Any reproduction and/orelectronic transmission of this document is prohibited without the prior written consent of

TradersCoach.com and is a violation of international copyright law. AR-1001-09-05.


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ART PyramidsLoad the ART Pyramid to display the PyramidTrading Point on your chart. The ART Pyramidindicator has variable User Inputs that provide anextra degree of control over its behavior. This allows

you to color Icons and Text to suit your needs. AllUser Inputs, can be left at their default valuesshown.

NOTE: P= Primary Pyramid Trading PointMP= MinorPyramid Trading PointPTP= Pyramid Trading Point

User Inputs For ART Pyramids

Format Indicator Window

BearPTPColor- Default value is redThis input switch controls the color of the BEARISHPyramid Trading Points.

BullPTPColor- Default value isDarkGreenThis input switch controls the color of the BULLLISHPyramid Trading Points.

DefBarColor- Default value is whiteDo Not Adjust.




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MinScore - Default value is 5This is a numeric input with a range of values from 0to 8. This input controls how Well Formed thepyramids must be before they are selected as aPyramid Trading Point. See page #5 for details.




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Increasing the MinScore value will cause the ART

Pyramid Trading Point system to identify only the

higher scoring Peaks and Valleys. Lowering thisvalue will cause the ART Pyramid Trading Pointsystem to identify lesser scoring Peaks and Valleys.

Setting this to 1 will result in Major PyramidTrading Points being identified that are less

constrictive in nature, while a setting above 5 will bemore constrictive.

Under perfect conditions, the HIGHS and LOWS ofthese bars would ascend smoothly up and down like this:

Perfect Pyramid

Score 8

NOTE: This diagram is for illustrative purposes only.

The following pyramids would get scores of 7, 6, and5 respectively, because the shape of the pyramidgets progressively more ragged as the HIGHS andLOWS fall out of line.

Score 7 Score 6 Score 5

NOTE: These diagrams are for illustrative purposes only.




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The MinScore input controls the minimum scoreand therefore how Well Formed the Pyramid Trading

Point

must be before it is selected by the software.A value of 0 is very tolerant and it will allow manysmall pyramids. A value of about 4, 5, or 6seems to work best. Values of 7 and 8 are veryselective, and so there are only a few qualifying points. Thisleads to some fairly large pyramids.

PotentialPTPColor - Default value is yellow.Colors Potential forming Pyramid Trading Points.

PTPColorBars - Default value is true.Do not adjust. For internal use only.

ShowIcons - Default value is true.Do not adjust. For internal use only.

ShowPivots - Default value is false.Do not adjust. For internal use only.

Sound - Default value is All.To turn voices off set this to false.

UsePyramidBarColor - Default value is false.D not adjust for internal use only.




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Voice - Default value MaleThis sets a Mans Voice for the Pyramid TradingPoint entry and exit signals. You can change this toFemale to set a Womans voice for the PyramidTrading Point entry and exit signals.


TradersCoach.com and is a violation of international copyright law. AR-1001-09-05


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On-Screen Icon For TheARTBULLISH Pyramid Trading Point


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ARTPyramidProgram Operation

The ARTPyramid program file operates in a specificmanner that is important to understand. PyramidTrading Point formations are drawn as YELLOWpotential pyramids when they are in a PRE-CONFIRMED or PRE-VOIDED state. Most of theNEW Pyramid Trading Points(on the right side of

the chart) will appear in YELLOW until they areCONFIRMED or VOIDED.

Once these YELLOW pyramids are CONFIRMED, theywill change colors (to either RED or GREEN) and aP (Primary) or MP (Minor) label will be assigned

to them. These CONFIRMED Pyramid TradingPoints are signals that have resulted in a potentialtrading action (Buy or Sell).

NOTE: P = Primary Pyramid Trading PointMP = MinorPyramid Trading Point

PTP = Pyramid Trading Point

If a YELLOW pyramid is VOIDED (doesnt result in atrading action), it will disappear from the chart. OnlyCONFIRMED pyramids will remain.

NOTE: In fast markets, there may not be enough time

to label a potential pyramid YELLOW. In this case, aCONFIRMED GREEN or RED Pyramid TradingPoint will form without warning.




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Default Color Meanings ForA Pyramid Trading Point

YELLOW Pyramid Trading Point-Drawn for all PRE-CONFIRMED/PRE-VOIDEDBULLISH/BEARISH Pyramid Trading Pointpatterns. (Also known as a POTENTIAL PyramidTrading Point.)

GREEN Pyramid Trading Point-Drawn for all CONFIRMED BULLISH PyramidTrading Point patterns.

RED Pyramid Trading Point-

Drawn for all CONFIRMED BEARISH PyramidTrading Point patterns.




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ART ReversalsLoad theARTReversalto display ART One & Two-BarReversals on your chart. TheARTReversalindicator hasvariable User Inputs that provide an extra degree ofcontrol over its behavior, and allows you to color

Icons and Text to suit your needs. All UserInputs, can be left at their default values shown.

User Inputs for ARTReversals

_2BRevType- Default value is Aggressive

The variable value is the number of price bars back usedin computing the offset. Aggressive andConservative adjusts the strictness of identifying theseART Reversals.

BearRevColorDefault value is red. You may need to

change this color depending on your charts backgroundcolor.

BullRevColorDefault value is green. You may need to

change this color depending on your charts background

color.




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DefTextBGColor - Default value is white.

Do not adjust. For internal use only.

RunMode - Default value is QuickThis is a good setting for all traders. If you want to lookat ART Reversals on all history on your chart, thenchange this setting to Long. Note the Long settingmay slow down you response time depending on yourPC power.

Show Text- Default value is true.

Do not adjust. For internal use only.

Sound- Default value is true. To turn entry and exit voice

off, set this to false.

Voice - Default value Female

This sets a Females Voice for the ART Reversalsentry and exit signals. You can change this to Male toset a Womans voice for the ART Reversals entry andexit signals.

VoidRevColor - Default value is white.Do not adjust. For internal use only.




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On-Screen Icons For ARTReversls

ARTBULLISH Reversal BarsIdentified by GREEN colored circles below the signal pricebar.

ARTBEARISH Reversal BarsIdentified by RED colored circles above the signal price

bar. ART Two-Bar Reversal BarsIdentification circles are larger than the ART OneBarReversal circles.




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ART Color Bars SellSignalColorsDefault value set to red.Are considered BEARISH Price Bars.

BuySignalBars - Default value set to green.

Are considered BULLISH Price Bars.

NatrualSignalBars - Default value set to white.Are considered NEUTRAL Price Bars.(No trend direction.)

You may need to change these colorsdepending on your charts backgroundcolor.




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ARTUsers Manual Page 14

ART Tips:1.)

2.)

3.)

4.)

Only trade with money you can affordto lose. Never trade with borrowed

money.

Practice Paper Trading until you areprofitable before trading with realmoney.

Always set a stop-loss exit on everytrade before entering any, and all,trades.

Always exit your trade when yourstop-loss tells you to - dont secondguess your stop.




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5.) Use proper Trade Size formula onevery trade.$ Risk Amount - Commission

= Trade Size$ Difference In Shares Or

Between Entry & Stop Contracts

$500 - $80 = 280 Shares

$1.50

6.)

7.)

8.)

Never risk more than 2% of yourtrading account on any one trade.

$ Account Size x 2% = $ Risk Amount

$25,000 x 2% = $500

Never exceed an overall 6% risk (ofyour trading account size) at anygiven time.

In most cases, be sure your trading

account size is not greater than 10%of your total net worth.




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9.)

10.)

11.)

12.)

Take full responsibility for all ofyour trading results. Do not play thevictim game and turn the Marketsinto the enemy. Remember, themarket is a safe place.

Maintain complete trading records.

Determine average win, averageloss, percentage of wins VSpercentage of losses. Analyze yourtrading records to determine profit VSloss. Evaluate areas to increase profit.(Use The Traders Assistant Record

Keeping System byTradersCoach.com.)

Do your homework and believe youcan be a winner. Profitability comesfrom confidence in your system andin yourself.

Take a Private Tutorial atTradersCoach.com to hone andimprove your ARTCharting

Software skills while trading themarkets LIVE in real-time.




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ART Signals1.) Bullish PRIMARY Pyramid Trading Point -

For Trend Traders.

2.) Bearish PRIMARY Pyramid Trading Point -

For Trend Traders.

3.) Bullish MINOR Pyramid Trading Point -

For Trend Traders.

4.) Bearish MINOR Pyramid Trading Point -

For Trend Traders.

5.) Bullish ARTOne-Bar Reversal -

For Scalpers, Trend Traders Scaling-Out &Scaling-In to positions, & Counter Trend Traders.

6.) Bearish ARTOne-Bar Reversal -


7.) Bullish ARTTwo-Bar Reversal -


8.) Bearish ARTTwo-Bar Reversal -For Scalpers, Trend Traders Scaling-Out &Scaling-In to positions, & Counter Trend Traders.




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AR-1001-09-10

10755-F Scripps Poway Parkway, #477

San Diego, CA 92131 USA

E-mail: [email protected]

Phone: (858) 695 0592 Fax: (858) 695 1397

ART Software Manual TS

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