The Signal Entry Orders indicator allows traders to click a button that initiates logic to submit orders immediately on the close of a bar, as soon as a signal occurs.
The Signal Entry Orders Module allows traders to click a button that initiates logic to submit orders immediately on the close of a bar, or as soon as a signal occurs. All orders are submitted using the Account, Quantity, and ATM Strategy control already present on the ChartTrader Panel. This removes unnecessary stress and challenge on entering orders. Simply click the button, and wait for the current bar to close, If you decide differently, simply click the button again to cancel the execution logic. The system can also be configured to enter orders based on how a bar closes: in the direction of the trade or against the direction of the trade.
Features
The Signal Entry Orders module integrates with BloodHound by Shark Indicators and our signal generating indicators. You can also select the indicator and plot to scan for a signal to occur. This allows complete customization to configure your own signals into the Signal Entry Orders module.
The Enhanced Chart Trader will read all plots across all indicators applied to the same Chart window. To get started, click the “Buy Signal” and “Sell Signal” buttons and follow the prompts to connect the Enhanced Chart Trader to your the settings correctly. Once you have the Indicator Name, Buy Signal Plot, and Sell Signal Plot configured correctly, the “Buy Signal” and “Sell Signal” buttons will stay activated and you will see a confirmation message that the trade is ready. When activating the “Buy Signal” or “Sell Signal” buttons, you will notice historical signals highlighted across the entire Chart window for 10 seconds.
Many futures trading systems and trading plans call for orders to be entered as the signal occurs. The process typically is something like this:
Watch for a set of conditions to occur, and draw the signal.
Wait for the bar to close.
Submit orders as quickly as possible.
This process often breaks down when the bar closes. If price is moving too fast, it’s easy to miss out on a portion of the move. Then, we become frustrated having passed on a trade altogether, or entering late only for the market to reverse in the other direction. These are no longer worries with the Signal Entry Orders Module!
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Product licenses can only be used on the purchaser’s computer/computers. Extra product licenses cannot be given away for free or resold. All purchases include a lifetime license with future upgrades for free. Our goal is to continually improve all of our products in performance, compatibility, and new features!
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