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PTMC team 05.08 2014

Protrader Alerts

Hey there, Protraders!

As a practicing trader I often face with a problem of monitoring the events on the market which are interesting for me. But even when I don’t have open positions I want to be aware of some important for me market events. So, for example, I want to know if a share that interests me overcomes some important resistance level, or index updates its maximum values. Of course, I can open the terminal or news feed, and find out the needed information, but why I should do it by myself? Especially because the speed of obtaining the information in some cases plays a crucial role. Wouldn't it be more practical to entrust this work to the terminal? Earlier, we had to create the separate software products when solving this problem, since, frequently, the analytical and trading terminals don't have sufficiently broad and flexible functionality. The “Alerts” function is provided for this case in the Protrader 3 terminal. This is a very comfortable function with a wide range of possibilities. This article will focus exactly on the “Alerts” signals.

In order to open “Alerts” menu you need to invoke Context menu in the “Watchlist” or “Positions” window or use the keyboard shortcut “Ctrl + T”.

alerts

You will see “Alerts” menu, where you can manage the existing or create new signals.

add new alert

After creating a new signal its settings menu becomes available.

settings menu becomes available

Setting up of a new signal consists of two stages, namely, determination of the conditions for the signal appearance, and selection of the action that will happen in this case. Let’s define the conditions of the signal appearance in the “Add conditions to alert” window.

Add conditions to alert

The following variables are available for the user in the ‘Adding argument’ menu of a new signal:

1. Symbol – allows selecting the instrument for trading;

2. Last – price of the last trade that took place;

3. Last size – size of the last trade that took place;

4. Date;

5. Time;

6. Volume;

7. Bid – last best bid price;

8. Bid size – volume of the best bid;

9. Ask – last best ask price;

10. Ask size – volume of the best ask;

11. Change – change of the asset price;

12. Change, % – relative change of the asset price;

13. Open – open price;

14. High – maximum price;

15. Low – minimum price;

16. Prev. close – previous close price;

17. Lot size – size of the lot;

18. Expiry date – date of the expiration;

19. Spread;

20. Spread, % – relative spread;

21. Description – description of the symbol;

22. Symbol type – type of the traded symbol;

23. Last update – last updated parameter of the symbol;

24. Current session – current trading session;

25. Trading status – state of trade in the current session;

26. Pre market open – open price before main trading session;

27. Post market close – close price after main trading session;

28. Ticks – last tick price;

29. Pre market ticks – last tick price before main trading session;

30. Post market ticks – last tick price after main trading session;

31. Post market volume – volume after main trading session closing;

32. Pre market volume – volume before main trading session opening;

33. Pre market change – change of the asset price before main trading session opening;

34. Pre market change, % – relative change of the asset price before main trading session opening;

35. Post market change – change of the asset price after main trading session closing;

36. Post market change, % – relative change of the asset price after main trading session closing;

37. Change from open – change of the asset price from open price;

38. Change from open, % – relative change of the asset price from open price;

39. Open interest – amount of open positions;

40. Settlement price – value of the current settlement price;

41. Previous settlement price – value of the previous day settlement price;

42. Close – close price.

After selecting the needed variable user must define the sign of the comparison operator for signal forming.

 define the sign of the comparison operator for signal forming

And also the limit value of selected argument.

 limit value of selected argument

In order to create a compound condition you need to use “+” button and add case with logical operator “AND”, “OR”.

add case with logical operator “AND”, “OR”

For example, let’s create a condition in which the signal will be triggered in some time interval.

 create a condition in which the signal will be triggered in some time interval

Thus, using this functionality user can create different compound conditions. Let’s proceed directly to the signal itself, and choose the action which will be performed during the execution of set conditions.

watchlist settings

The following actions are available here:

  • Message – text message;
  • Sound – sound signal;
  • Email – email sending;
  • Place order – an order sending;
  • Close position – the position closing;
  • Cancel order – an order cancellation.

The “Message” action was chosen in the example and message with the “Time” text was created. User can add more actions.

You need to determine the actions after signal execution, using the “After execute” tab:

  • Stop – completion of signal execution;
  • Restart – restart of signal execution;
  • Remove – signal removing;
  • Stop and run another alert… – stopping and starting another signal.

After running the signal use the “Apply” menu.

After running the signal use the “Apply” menu

After running the signal we received the text message:

After running the signal we received the text message

The possibility of sending the emails with signal should be noted as a separate item. This possibility allows trader to keep abreast of not being in front of a working computer.

After creation the signals can be saved with the help of “Save layout” menu.

Having dealt with the “Alerts” functionality becomes clear that it is a powerful tool for monitoring the market, using which the trader will not miss the market events important for him. Also a pleasant fact is that all these possibilities are available for Protrader 3 users, as they say “out of the box”, without installation of additional plugins and superstructures.


Have not tried PTMC yet? There is no better way to boost knowledge than to use it! Start trading with PTMC now!

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