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Date/Time: Fri, 29 Mar 2024 13:16:41 +0000



[User Discussion] - New autotrading study released

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[2018-05-09 06:37:34]
@sstfrederik - Posts: 401
In my freelance business I get a lot of requests for the development of automated trading systems. Those are my favorite jobs and I delivered quite a few. In order to help more traders I decided to work on my autotrader study. This study has all of the general features requested for autotrading.


Its hot of the press. You can check it out here:

https://www.simplesystemtrading.com/automated-trading/
Date Time Of Last Edit: 2018-05-10 06:43:05
[2018-05-10 06:47:02]
@sstfrederik - Posts: 401
Highlights of the SST-AutoTrader configuration options;

- SST Autotrader can be used on any chart and any symbol as long as your trading service can be used with automated trading

-Toggle shorts and longs in a right-click menu

-Three session time brackets

-Supported Entry orders types: market, limit, stop-limit and stop orders

-Entry price based on other study Subgraphs

-Support for three target configurations

-Targets and stops based on other study Subgraph

-Customize a trailing stop

-Limit autotrading based on daily trade statistics

And many more ...
[2018-05-11 15:58:26]
@sstfrederik - Posts: 401
With my SST autotrader study you can set up a fully automated trading system with three things: a long signal SG, short signal SG and the SST autotrader study.

A signal SG can be easily constructed using the "Color bar based on Alert condition" study. I recommend naming this study with a Short Name so you can easily select it within the SST autotrader study settings.

Setting up a long signal using your favorite simple alert conditions is easy. Say you have an alert condition that is working for you on your current chart. Just name the CBBOAC study and fill in your valid alert condition. Now it's ready and you can select it as a reference for the SignalStudy Long input in the autotrader.

Setting up a short signal study is still easy, we just need to add a little trick in the mix. Say you constructed a valid alert condition sequence which is working for you. Just for simplicity sake say that this condition is: C>SG1

You need to do the following to have your short signal ready:

- again name the shortname in the CBBOAC study for easy reference
- set "Use -1 on false" to "yes"
- change the alert condition slightly to: =!(C>SG1)
- set the Colorbar SG1 drawstyle to Ignore

The ! and brackets () around the original short condition is to make sure we generate the -1 we need. The short condition itself does not need to change.

This will be your Signal Study reference for shorts inside the autotrader. Almost done here and you can start to test the autotrader.

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Make sure the signal study is above the SST Autotrader study in your study list. This will prevent missing signals due to study precedence issues.

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If you want a good visual of your signals, I recommend using the "Color Background based on alert condition" instead of the "Color bar based on alert condition".

Say ID1 is the long signal study we just constructed and ID2 is the short one. Setting op a visual is as easy as using this alert condition =ID1.SG1=1 for the long visual and =ID2.SG1=-1 for the short visual.

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Let me know if there are any questions.

Frederik
Date Time Of Last Edit: 2018-05-12 13:24:01
[2018-05-12 13:19:00]
@sstfrederik - Posts: 401
A few more features of this study:

- Manual entries and automated trade management

- Spread upto 10 entry orders around certain entry price

- Support for scaling in and out

- Exit trade when opposing signal is received

- Adding to trades with a new signal

- Reversing trades with an opposing signal

- Entry based on bar close or intrabar

- Maximum number of intrabar trades

- Move to break-even value triggered or target fill triggered

- Overriding session times with a right-click

- Pause signals with a right-click

- Liquidate at each or one of the selected session stop times

You can check it out here:

https://www.simplesystemtrading.com/automated-trading/
Date Time Of Last Edit: 2018-05-12 13:25:12
[2018-05-30 18:56:49]
@sstfrederik - Posts: 401
Have been getting some very positive feedback on the autotrader.

A few things on the development list to improve the study:

- First thing that will be implemented in a new version is the ability to control the stop orders of each entry individually. Currently its one stop order with a maximum of three targets.
- Increase the number of targets and stops to 5 (currently 3)

Any other suggestions are welcome.

frederik at simplesystemtrading.com
[2018-06-18 06:52:51]
@sstfrederik - Posts: 401
Quickly test a trade idea?

You can check it out here:

https://www.simplesystemtrading.com/automated-trading/
[2019-11-07 21:23:27]
j4ytr4der_ - Posts: 910
Hi Frederik, I've been looking at your SST studies as a possible way to greatly simplify the process of creating my system. My main question at the moment is, will it work on Renko charts? Renko is my primary chart for trade execution but I'm unclear on whether or not this will work with non-time-based bars.

Thanks for any feedback!
[2019-11-08 00:02:19]
@sstfrederik - Posts: 401
Sure all studies work on any chart type.

With renko you will have to be aware that the renko bar type could result in skipping bars with a large price movement.

The AT will still detect the signal, but the fill of your order might not be what you intend to achieve.

On a replay this price action will not always be present. In a live market anything can happen.

The V2 (version 2) of my SST AT study will have an extra option to set if you want to take a signal if it is detected in skipped bars.

Lots of other new additions will be in V2. Sign up for the FreeBundle on my website and you will stay up to date.

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