T29 AutoTrader1

Owned by Onn BenZvi
Last updated: Nov 09, 2021
3 min read

 

Overview

Feature List

  • Connects with any signal subgraph to trigger a trade

  • Trade panel on the chart for quick enable/disable + setting long/short trade direction

  • Auto-disable after entry - enable the bot for one entry. The bot enters on the next signal and then automatically disables itself

  • Attached orders - uses attached orders defined in the SC trade window for trade management

  • Exit signals - supports reference to exit signal subgraphs

  • Trade Window - set trading start time and trading end time. Bot will skip signals that are outside this time window

Trade Entry

Entry Signals and References

In order for the Auto-Trader to enter a position, an entry signal must trigger. These entry signals are essentially signal subgraphs that are wired to the bot using what are called “references” in Sierra Chart.

In Sierra Chart, there are various ways to implement these signals.

  1. Alert studies - for example, using the Color Bar Based Alert study or any ACSIL based study that produces a signal

  2. Spreadsheets - a signal can be implemented in one of the columns of a Sierra Chart Spreadsheet. Spreadsheet columns are subgraphs that can later set as entry subgraphs

  3. Custom study dll’s - custom study dll’s that include singals as subgraphs (e.g., arrows on the chart) can be used as entry signals

The bot includes 2 input settings that users use to set the reference - one input for long entry signals and one input for short entry signals.

For more detail, see videos at the bottom of the document demonstrating these concepts.

Trade Management

Specifying Trade Direction

The gui panel includes a direction setting

  1. Long And Short - all signals, long and short are taken

  2. Long Only - short signals are ignored

  3. Short Only - long signals are ignored

Trade Exits

The bot supports two options for exiting a position:

  1. Using Sierra Chart attached orders

  2. Signal based exits

Placing Attached Orders via SierraChart Trade Window

Attached orders are defined in the Sierra Chart Trade Window

Setting Up Exit Based On a Signal

Signal based exits are controlled through inputs 

Notes Regarding the Various Inputs and Settings

Long Signal Ref, Short Signal Ref

References to the signal that trigger the bot to enter new trades.

Enter on Bar Close

Some signals will fire intrabar and might flash on and off. This is determined by the entry signal and how its implemented (outside of the Auto-Trader).

The Enter on Bar Close setting controls whether to wait for the bar to close or enter intrabar when a signal appears.

Support Reversals

When in an existing position, defines the bots behavior when an entry signal is encountered in the opposite direction.

For example, say there is a long position on and a short signal fires.

If Support Reversals is Enabled, the bot will exit the long position and enter a short position.

If Support Reversals is Disabled, the bot will ignore the short signal.

Allow Multiple Trades in Same Direction

When in an existing position, defines the bots behavior when an entry signal is encountered in the same direction.

For example, if currently in a long position a new long signal fires.

If enabled, the bot will enter a new entry and by such increasing the position.

If disabled, the bot will skip the long signal.

Auto-disable after entry

Auto-disable after entry - enable the bot for one entry. The bot enters on the next signal and then automatically disables itself

Reference Links