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New Offering - Order Flow Trading Bots aka SceetoBots

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[2018-02-10 13:32:29]
TapeReader - Posts: 88
Algo Futures is pleased to announce, SceetoBots, a new offering built for Sierra Chart traders.

Sceetobots is a suite of our next generation order flow algorithms and also reconfigurable trading bots - which can be turned ON and OFF in a discretionary manner by a trader.

Get a free trial and learn more about SceetoBots and how they might lighten your trading and analysis load, while increasing your accuracy - and as a side benefit, freeing up your time visit:

https://sceeto.com/products/botquant-assisted-trading/


All the best,
Carl from ...sceeto

Ditch the Mouse - Deploy a Bot

P.S. - SceetoBots not only free up your time, and your mind, they will also give your mouse finger relief from Carpal Tunnel while being the insanely disciplined and quick trader that humanoids have a tough time being.
[2018-02-13 15:45:55]
TapeReader - Posts: 88
We have just posted an article on 'Engulfing Sweep of the Order Book - Insights For Bot Use'.

This algo study surfaces Sweeps that engulf an extreme amount of transactions across the order book.

The sweeping of the order book is one of the primary order flow tells that we use in our trading.

This sweeping can signify a tradeable change in direction in the market.

This type of order flow information is something that algos do a good job of surfacing and more importantly, bots do a good job of taking advantage of.

http://sceeto.com/blog/engulfing-sweep-of-the-order-book-insights-for-bot-use/
[2018-02-14 18:37:20]
TapeReader - Posts: 88
#ReleaseTheGold

We are pleased to announce, that as of this today, you can now use SceetoBots to process the full-sized gold futures contract (GC).

In order to expose GC contracts in your SceetoBots' Markets Pick-List, simply restart your instance of Sierra Chart.
Date Time Of Last Edit: 2018-02-14 18:38:19
[2018-02-15 13:09:22]
TapeReader - Posts: 88
The Role of a Bot Deploying Trader - Part 1 of a 7 Part Series

http://sceeto.com/blog/the-role-of-a-trader-who-utilizes-bots-part-1-of-a-7-part-series/

In this episode of the series we discuss how in the new world of bot trading:

1. Traders no longer trade.

2. Traders assess market conditions and deploy bots.

3. It is the bots job to trade.

How in This New Trading Paradigm, the Trader’s Primary Question is the Market Trending, Reversing, or Range Bound?

  If the trader assesses that the market is trending up, then…

Deploy Long Trend Friendly Bots.

  If the trader assesses that the market is likely to reverse at a known level,   then…

Deploy Reversal Friendly Bots.

  If the trader assesses that the market is range bound, then…

Deploy Mean Reversion Friendly Bots, or Simply Stand Down.

Four types of SceetoBots to start with…

+ Order Flow with Pivot.

+ Order Flow without Pivot.

+ Engulfing\Beat

+ Fade Conclusionary Order Flow
imageThe Role of a Bot Trader - Part 1 of 7.jpg / V - Attached On 2018-02-15 13:08:13 UTC - Size: 37.26 KB - 1037 views
[2018-02-16 15:26:12]
TapeReader - Posts: 88
4 Primary Categories of Trading Bots - Part 2 of a 7 Part Series

http://sceeto.com/blog/4-primary-categories-of-trading-bots-part-2-of-a-7-part-series/

In this episode we discuss the four primary types of discretionary trading bots that a trader can deploy either individually or concomitantly:

+ Order Flow with Pivot.

+ Order Flow without Pivot.

+ Engulfing\Beat.

+ Fade Conclusionary Order Flow.

This ordered breakdown of bots allows a trader to focus on market structure and price action.

When the trader envisions that the market is ripe for a particular type of bot to be deployed to the market, they release this bot.

It is then the bots job to navigate order flow - and - if the bot's rules are met enter and manage the trade.

If the rules are not met, the bot can be configured to turn itself off, or the trader can turn the bot off.
Date Time Of Last Edit: 2018-02-16 15:30:55
imageThe 4 Types of Trading Bots - Part 2 of 7.jpg / V - Attached On 2018-02-16 15:30:23 UTC - Size: 66.22 KB - 784 views
[2018-02-18 22:17:22]
TapeReader - Posts: 88
Order Flow with a Pivot - Part 3 of a 7 Part Series

http://sceeto.com/blog/under-the-hood-of-a-trading-bot-order-flow-with-a-pivot-part-3-of-a-7-part-series/

In this episode we drill down into what rules are embedded in the primary bot that I use, which we refer to as a 'Pivot with Order Flow' bot.

Along with a pivot in price, this SceetoBot also hunts for:

1. Extended Book Pressure -or-

2. Sweep of the Order Book -or-

3. Engulfing Sweeps of the Order Book -or-

4. Chaotic Relationship Between Transactions & Price Discovery
imageOrder Flow with a Pivot - Part 3 SceetoBots.jpg / V - Attached On 2018-02-18 22:16:38 UTC - Size: 86.89 KB - 724 views
[2018-02-23 03:59:13]
TapeReader - Posts: 88
Deploying Trading Bots From The Couch While Watching Nature Channel - Literally

https://youtu.be/11a2XFxAr2A
[2018-02-26 21:54:00]
TapeReader - Posts: 88
How To Trade While Getting Other Work Done via SceetoBots and Sierra Chart Study Audio Alerts

We developed SceetoBots in order to save the incredible amount of time that was spent waiting for a setup to occur.

In this video, you will see how I use audio alerts on Book Pressure to let me know that it might be good time to look up at the market.

When Book Pressure reaches a certain threshold, this is frequently a good time to take a quick look at the market to see if one or more SceetoBots should be deployed.

This approach allows me to get the kind of work done that I want to get done without unduly missing trade opportunities.

https://youtu.be/yaJSg-33Ov0

Here is the snippet of code that I used to generate the Book Pressure alert in Sierra Chart:

=OR(SG2>=200,SG4<=-200)
Date Time Of Last Edit: 2018-02-27 14:01:39
[2018-03-04 16:50:28]
TapeReader - Posts: 88
The SceetoBot Market Conditions Cheat Sheet Part 4 of a 7 Part Series

In this video we cover what SceetoBots to deploy under what market conditions:

https://youtu.be/22v9RcZSKxc

The Cheat Sheet can be found here:

https://sceeto.zendesk.com/hc/en-us/articles/360000171532
[2018-03-04 23:02:01]
TapeReader - Posts: 88
Here is a Slack chat transcript that, imho, sums up what we have learned about the 'Best Practice' for trading with bots.

https://sceeto.zendesk.com/hc/en-us/community/posts/360002148831-Slack-Chat-Transcript-Conclusionary-Keyboard-Distilling-it-Down

It may seem a little cryptic but I think that it is worth reading all the way through as it is the whole shebang.

If you need clarification on what we are chatting about, please feel free to open a help desk ticket here.

https://sceeto.zendesk.com/tickets/new
[2018-03-11 12:50:54]
TapeReader - Posts: 88
Conclusionary Order Flow - Critical Insights Part 5 of a 7 Part Series

SceetoBots can provide you with a portfolio of order flow algorithms that lock into what's going on within the order book.

These order flow algorithms are embedded into the decision making process of our SceetoBots.

When a SceetoBot gets actionable information from one of these order flow algorithms, it can pounce with sub-second response times.

https://www.youtube.com/watch?v=l1Fq6UWpHRc&t=5s
[2018-03-15 21:37:21]
TapeReader - Posts: 88
SceetoBots supports the 64-bit version of Sierra Chart.

You do not need to install, or modify anything, to run SceetoBots on the 64-Bit version of Sierra Chart.

If you are subscribed to SceetoBots, or on a free-trial, the following 64-bit files will automatically downloaded to your trading rig:

sceetobots_64.dll
chartdir60_64.dll \\ This dll manages the reporting dashboard

Sierra Chart Rules!
[2018-03-15 22:16:22]
TapeReader - Posts: 88
SceetoBots now supports touch-screen monitors for deploying trading bots. :-)


The advantage of a touch-screen monitor over binding bots to a programmable keyboard boil down to the ease of iteration and configuration change with the touch-screen vs. the programmable keyboard.

I have been using a programmable keyboard to deploy bots for about 9 months and found that when I add/remove bots from the Launch Pad, it can be cumbersome to update the keyboard's button labels and also the keyboard firmware.

If instead, a trader uses a touch-screen monitor, as the bots are updated on the Launch Pad, the touch-screen monitor is automatically updated. Phew...

In the past, I have dreaded revving my programmable keyboard out of sheer laziness and also out of a desire to not mess anything up.

Replacing the physical keyboard with a touch-screen monitor removes all of this physical drudgery.

Here are some monitors that may be a good fit: https://www.amazon.com/hz/wishlist/ls/3ASMGAO7PU2QC

Note - The monitors in this list use a USB connection. This means that no updates to graphic cards need be addressed :-)

I have not yet used any of these keyboards...but if someone does take one for a test-drive with SceetoBots, please let me know how it goes.

Once I test drive, I will update this thread with my findings.

Sierra Chart Rules!
[2018-03-16 00:38:21]
Sierra Chart Engineering - Posts: 104368
Touchscreen monitors are very good. This is what we use and Sierra Chart does support them well and will always.

Unfortunately, other major software developers are messing up their user interfaces and making their software totally dysfunctional with touchscreens. But Sierra Chart is always going to be solid and capable in this way.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
[2018-03-26 20:49:52]
TapeReader - Posts: 88
Feature Upgrade Notification - Re-jiggered Launch Pad for easier Touch Screen Use

We have just published a new build of SceetoBots which will be downloaded to user's machines the next time that they restart Sierra Chart.

The new build re-jiggers the columns in the SceetoBots Launch Pad so that the name of each SceetoBot is directly next to the bot's deployment buttons.

For users of touch-screen monitors this allows for less eye movement from away price actin when a trader wants to deploy a bot.

I keep the Launch Pad very close to price and I have noticed this tweak makes deployment of bots much easier.

As I have recently switched from a custom keyboard which I used to deploy bots, which had a tactile feel and did not need me to look away from the chart to deploy bots, to a touch-screen, I have noticed that the placing the Launch Pad close to the current price improves accuracy and makes things easier.

Note We are also looking into adding a level of transparency to the Launch Pad so that it can hover directly over price - if the trader so chooses.

Also, we are building a very touch-screen friendly 'BreachBot' that we hope to beta in the next 2 weeks.

Keep an eye out here for more details on the BreachBot.

Sierra Chart Rules!
imageSceetoBot - Updated Touch Screen Trading Launch Pad - Order .png / V - Attached On 2018-03-26 20:46:38 UTC - Size: 164.7 KB - 1146 views
[2018-03-28 18:59:02]
TapeReader - Posts: 88
Transparent Launch Pad Coming Next Week

When using a touch screen to deploy bots, I have noticed that myself, and other traders, like to position the SceetoBots Launch Pad as close to price as possible.

A few days ago we published a re-jiggered Launch Pad in order to minimize how far a trader's eye had to flicker away from Price action and over to the Launch Pad in order to tap on thier screen, or move their mouse,to deploy a bot.

To furthermore extend the efficiency the Launch Pad's usability, we have completed a prototype of a semi-transparent Launch Pad interface so that a trader can plunk their Launch Pad directly over price.

(See attached graphic of prototype)

The speed and accuracy with which a trader can now deploy bots by simply tapping on a screen totally changes the model for scalpers - particularly scalpers who incorporate order flow information into their analysis.

We are working to complete testing of this functionality this week, and released the functionality to this trading community next week.

Very excited,
Carl
Date Time Of Last Edit: 2018-03-28 19:33:25
imageimage.png / V - Attached On 2018-03-28 18:59:51 UTC - Size: 288.73 KB - 623 views
[2018-03-30 00:36:41]
TapeReader - Posts: 88
Updated SceetoBots With Re-Jiggered Launch Pad columns & User Configurable Launch Pad Transparency Has Been Released.

Transparency = 0 means that you cannot see through the Launch Pad.

Transparency = 100 means that the Launch Pad is a plane of glass.

I have been tinkering with the transparency setting and though I originally though that 40 was ideal....I am now fond of the 75 - 80.

The attached graphic is 75% transparent.

If you are a SceetoBots trader, the next time that you restart Sierra Chart, the new 32-bit and 64-bit SceetoBot DLLs with the transparent Launch Pad will automatically be installed on your trading rig.

Please give it a go and let me know what you think.
imageSceetoBots - Launch Pad - Transparency - Order Flow Trading .png / V - Attached On 2018-03-30 00:33:55 UTC - Size: 206.03 KB - 2816 views
[2018-04-04 22:33:51]
TapeReader - Posts: 88
We have been road testing the GeChic On-Lap 1503I touch-screen monitor.

It is very cool.

It ships with short cords...but longer ones are available as an add-on, as-is a rear-port integrated power pack.

https://www.gechic.com/en-portable-touch-monitor-onlap1503i-overview.html

Attached is a pic of what the touch-screen looks like with a Launch Pad that was configured to be over-sized with the hope of mitigating fat-finger flubs.

We have 2 traders, myself and a colleague, road-testing this model.

I will also be likely adding a 23" or 24" Dell touch-screen as a replacement of one of my monitors on my standing\treadmill desk in the next week or two.

I will write up my findings and post here.

Please feel free to reach out to me to discuss the pros/cons of a programmable physical keyboard vs. a portable touch-screen vs. a large-size touch-screen for your style of trading and desk\couch setup.
imagesceeto - order flow trading bots.jpg / V - Attached On 2018-04-04 22:32:23 UTC - Size: 340.4 KB - 719 views
[2018-04-04 22:59:13]
TapeReader - Posts: 88
Using 'Color Bar Based on Alert Condition' to Create Bot Signals

Here is sample code that leverages Sierra Chart's 'Color Bar Based on Alert Condition' study to create a trading rule for a SceetoBot.

The snippet is:

=AND(AND(L>ID1.SG1,L>ID1.SG2,L>ID1.SG3),OR(L<ID1.SG1[1],L<ID1.SG2[1],L<ID1.SG3[1]))

The snippet resides in the Alert tab of the 'Color Bar Based on Alert Condition' study.

The name of the Study can be updated so that the button label on the SceetoBot panel reflected it's function (see pic).

This snippet will work on any time frame and any set of 3 moving average look-back periods.

Attached is a study collection (3 MAs Momentum Long Bot) that will deploy a bot that uses this snippet of alerting code to enter a long trade the first time that the close of a bar trades above the 3 different moving averages.

Save the study collection to your C:\SierraChart\Data folder.

To apply it to a chart, click Analysis > 3 MAs Momentum Long Bot.
attachment3 MAs Momentum Long Bot.StdyCollct - Attached On 2018-04-04 22:55:00 UTC - Size: 29.27 KB - 560 views
image3 MAs Momentum Long Bot - sceeto order flow.jpg / V - Attached On 2018-04-04 22:55:57 UTC - Size: 342.24 KB - 1434 views
[2018-04-09 20:27:09]
TapeReader - Posts: 88
GeChic Road Testing - Initial Findings

I like the GeChic very much...though I have only a few hours of trading with it.

Last week I used it at a sitting desk...this morning I am moved some stuff around so that I can use it with my treadmill desk - which is where I like to do most of my trading.

Last week, I found that it has made the afternoon trading (3-4 Eastern) much more pleasant.

The monitor ships with a short cord...which I did not realize. So, if you get one, you may want to consider ordering the longer cord.

I trade mostly on a 3 tick range bar chart....but plan on using the GeChic to help me to get down to either a 2 tick or a 1 tick....which would be very cool.

Our order flow algos, which feed the bots, hold up quite well on the 2 tick, and surprisingly can provide good information on the 1 tick,

The jury is still out as to whether the transparency of the Launch Pad is a good thing or not.

I also see the benefit of having more flexibility with regards to allowing the user to re-configure columns in an ad-hoc fashion for the Launch Pad.

This became apparent when I moved the Launch Pad to the right of the chart, and found that the execution buttons were way out in right field.

I do miss some aspects of the physical keyboard....the tactile-ness of it, and also all of the other keys that I built into it such as Buy Bid, Buy Ask, Disable All, Flatten & Cancel.

I have re-attached my physical keyboard so I am now using both the GeChic and the Cherry,

So, in a nutshell, the jury is still out.

Attached is a picture of my current configuration with the GE Chic on my treadmill desk, which is my 3rd iteration this morning, which I like very much - but can still use some improvement.

The GeChic is on the lower right and is attached to a laptop that is to the right of the desk and out of the shot.

I am connected to a co-lo server in CHI from the desk via RDC.

The laptop, which has the GeChic connected to it, is connected to the server via TeamViewer.

With this config, I think that we are in a zone where scalping is very solid.

For instance, this trade's duration was 524 milliseconds:

Entry DateTime   Exit DateTime  
GCM8  Long  2018-04-09 10:22:07.071  2018-04-09 10:22:07.595  1336.8  1337.1  1  1  1  24.80  74.40  40.00  0.00  40.00  0.00  100.00%  


Caveat - This was filled by the Transact Sim server in Chicago (see Trade Activity Log graphic).

Regardless, the order was not filled locally via SC's sim engine - which means the order had to leave the co-located Sierra Chart server and be processed by the Transact (all within 6/10 of a second), this includes:

+ Signal generation
+ Creation of order
+ Transmittal of order
+ Receipt of order
+ Filling of entry
+ Placing stop and target
+ Hitting target
+ Cancelling stop

I like this model because if I had to send the order from VT to Chicago, instead of the bot sending the order from Chicago to Chicago, the transmission time would be 10-20 ms, and thus, this type of trade would never fill.
Date Time Of Last Edit: 2018-04-09 21:18:07
imageBots and Colo enable fast scalping.jpg / V - Attached On 2018-04-09 20:26:19 UTC - Size: 105.29 KB - 808 views
imageSceetoBots - with GeChic.jpg / V - Attached On 2018-04-09 20:26:52 UTC - Size: 2.05 MB - 856 views
[2018-04-19 19:44:47]
TapeReader - Posts: 88
We are readying the beta of BreachBots.

BreachBots allow a trader to place an entry order whose price is linked to any study that you use as a 'line in the sand'.

For instance, if you see a Double Bottom, and you think that if price breaches the Double Bottom, that the market will continue downward, you can tie a BreachBot to the Double Bottom and instruct the bot to enter once price breaches the Double Bottom by the number of ticks that you instruct it to.

You can enter using a market order, or a limit order offset.

Another great setup, is the breach of a Neckline within a Head & Shoulders pattern.

A breach of the neckline is where an Elliott 3 Wave really takes off.

Hence, this is frequently a great place to enter a trade where you can limit your risk - while seeking the trade to ride contiguous range bars in one direction.

BreachBots can be engaged by clicking on a button on your chart by using either your mouse, or your finger if you have a touch-screen monitor.

You can run multiple BreachBots on the same chart.

If one BreachBot enters a trade, any other BreachBots enabled on your chart will stand down.

We expect to release the beta on Monday, 30-APR.

If you are interested in participating in our beta, send me a Direct Message with your Sierra Chart username and we will set you up.
Date Time Of Last Edit: 2018-04-19 19:46:30
[2018-04-22 21:53:04]
TapeReader - Posts: 88
BreachBot [Beta] Has Been Released

The beta consist of 2 different types of BreachBots.

The first type of BreachBot can be linked to any study subgraph in Sierra Chart and is engaged by clicking a button on your chart.

The second of BreachBot can be applied to any bar that a trader right-clicks on.

Hence, BreachBots can be tagged to any 'line in sand' that you deem that price should not cross.

Frequently, these lines in the sand are failed setups, such as failed Double Bottoms\Tops, or failed Right Shoulders, or failed volume spikes.

If you would like to participate in our BreachBot beta, please send me a Direct Message with your Sierra Chart username and we will set you up.
Date Time Of Last Edit: 2018-04-23 12:55:35
[2018-06-08 22:11:30]
TapeReader - Posts: 88
Hi All,

I finally got around to documenting a basic help file\article on the BreachBots - which can be found here:

https://sceeto.zendesk.com/hc/en-us/articles/360004488371-BreachBots-Beta-

If you would like to participate in our free beta shoot me a DM with your Sierra Chart Account Name and we will set you up.
[2018-07-06 16:47:59]
TapeReader - Posts: 88
06-JUL-2018 - New Functionality Released:

1. Extended functionality that allows a trader to instruct the bot whether to use the # of contracts from the Designer Panel or from the Trade Window as opposed to just the Designer Panel.

If the TW check-box in the Designer Panel is checked, the bot will use the # of contracts defined in the Trade Window. 

If TW check-box in the Designer Panel is checked, the SceetoBot will use the # of contracts defined in the Designer Panel, regardless of whether whether the Trade Window radio button is enabled or not.

This new approach allows for easier, on-the-fly quantity decisions by the trader.

2. The columns and the Window of the Launch Pad and Global Launch are much more 'shrinkable'.  This was implemented to free up screen space for those trading on a laptop, or with just one monitor.

3.  The "3 MAs Momentum Long Bot" Study Collection was published to show examples of linking bots to formula with a 'Color Bar Based on Alert Condition' study.  

4.  The "Sample Linking - MACD Crossover" Study Collection was published to show examples of linking a Sierra Chart study system to formula with a 'Color Bar Based on Alert Condition' study.  

In this example formula alerts in 'Color Bar Based on Alert Condition' studies create long and short signals for the Sierra Chart 'MACD Crossover System', which then sends its entry signals to a SceetoBot via a study link in the SceetoBot study.

The availability of easily configuring these types of studies and sending their information to SceetoBots are a very powerful feature of SceetoBots as the trader can then easily layer SceetoBot order flow algorithms onto these systems to increase entry efficacy.
[2018-08-14 23:35:59]
TapeReader - Posts: 88
14-AUG-2018 - New Functionality Released

BreachBots Beta - Trimmed Down GUI (We are down to 1 button to manage this bot).
BreachBots Beta - BreachBot now supports hotkey combinations.
BreachBots Beta - Low level execution fixes

New SceetoBots Alert - 2 Standard Deviation Tick Ratio
New SceetoBots Alert - Sweep 1,2,3

In the Development Queue

A 'Stand-down' button is being added to the Launch Pad....this button will allow the trader to tell all enabled bots to turn themselves off once any one bot sends an entry order.

This will keep folks, particularly me, from forgetting to turn off bots.
Date Time Of Last Edit: 2018-08-14 23:57:49

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