A) Setup 1. To open TradeGuide, login to the OrionLite trading terminal and click on the start button. Click on the TradeGuide Signal (TGS), or simply use the shortcut Ctrl+T. To start receiving signals, click on Subscribe 2. For more information about TGS, click on TGS Guide.
3. Once subscribed, signals will appear in the signal tracker screen
B) Understanding Signal Tracker 1. Types of Trading Styles TGS generates signals for 3 types of traders, viz. Positional (for few weeks) Swing (for few days) Intraday (for few hours) The Positional signals are generated on all F&O stocks with a stop loss of 1.5% to 6%. Positional signals are suitable for those who wish to take positions for a few weeks. Positional traders are interested in making profits from the primary trend rather than day to day fluctuations. Stoploss revision mechanism is slow to capture larger price momentum. Swing signals are generated on all F&O stocks, 3 Indices, 4 currencies and 9 commodities with a stop loss of 1% to 5%. Swing signals are suitable for those who wish to take positions for a few days. Swing traders are interested in short term trends and price momentum. Stoploss revision mechanism is fast to encash substantial gains from price momentum. The Intraday Signals are generated on all F&O stocks, 3 Indices, 4 currencies and 9 commodities with a stop loss of 0.05% to 1.5%. The signals are generated after 30 minutes of market open. No new signals are generated after 30 minutes prior to market closed and timeout exit occurs 15 minutes prior to market closed. Intraday signals are suitable for those who wish to trade and exit on the same day.
2. Types of Signals TGS generates actionable signals on multiple assets like equities, commodities, and currencies. The signals are classified as follows: Buy (Green) Buy Exit (White) Sell (Red) Sell Exit (White) Exit Signals Window displays a consolidated list of buy/sell exit signals. 3. Understanding the Columns In every window, the following columns can be found. To add or remove columns from a list, right click on the header row. Entry Time: Displays the entry time when the signal was generated. Entry Price: The price at which the Entry signal was generated. Stop Loss: The Stop loss for the signal generated or the signal which is open. Entry Stop loss %: The Stop loss in terms of percentage to the entry price. Peak Price: The highest price reached by the stock after the signal was generated and before the exit signal. Peak profit %: The highest profit percentage that could have been achieved, if exited at the peak price. Risk Reward(R:R): Ratio of stop loss % to current profit/loss% Peak R:R: the highest value of R:R since the signal was generated until exit. Risk Reward%: The risk to reward multiple in terms of percentage. Status: Displays whether it is a Long or Short signal. Action: (only in Existing Signals Row): Displays what action was taken as Exited or Stop loss Triggered.
4. Signal Generation When a signal is generated, the user is notified in the following ways: Update in Signal Tracker: A new entry will be made in the signal tracker in its respective strategy and action. Update in Market Watch: The new buy/sell signal will reflect against the scrip in the market watch. If there is no open signal, it will show as NTZ (No Trading Zone). Popup Alert on signal: Will pop a message about the call generated. It will disappear when the cursor hovers over it. Audio Alert: a Beep sound would be heard on a new call generation. SMS & Email Alert Open Order Window on Long / Short Signals: Will directly open the prefilled batch order window as soon as a Long or Short Call is generated. It will ensure acting at the right price. All you need to do is click on SEND.
5. Resizing Windows See only what you need. For a more personalized user experience, each trading style window can be minimized, maximized, resized and deleted. 6. Other Options To view only open positions in the signal tracker, check this control.(*) Other controls include Performance Tracker (to view performance reports of selected stocks), Clear All, Refresh, Show all, Fullscreen and Save Layout.
7. Trendicator TradeGuide Signal has one more unique feature called Trendicator. This shows the current trend of the market in the short, medium and long term. It can be understood by seeing the number of open positions in each trading style and the buy/sell percentage. 8. Charting Tools Open colorful chart for any stock by double clicking on a stock name. The chart is divided into three parts- Green-showing buy signal, white which indicates No trading zone and red showing sell signal. The Yellow line under the buy signal and the purple line above the sell signal indicate the trailing stop loss. When the trailing stoploss is triggered, the signal is exited.
C. Understanding Trading Planner Trading Planner can be accessed by clicking on the tab next to Signals. It allows you to create and personalize your trading plan. 1. Stock Selection This allows you to trade only on those stocks, currencies and commodities which suit your style best. Select the Trading Style (Product) >> Select the segment >> Choose the stocks for which you want to receive signals. To select all, check the uppermost box. >> Choose for which stocks you want to receive SMS & Email alerts. To receive signals on a default stock list of 20 handpicked stocks, click on Load TGS T20 Stocks.
2. Performance Tracker TradeGuide generates signals on all F&O stocks. One might wonder how to select a few best stocks from them. For that we have comprehensive backtesting performance reports to study your selected stocks and determine if you want to trade on it. You can access these reports anytime by clicking on Performance Tracker Icon. ( )
3. More Settings This is just one part of the Trading Planner. Check the control Open Order Window Setting to view more. 4. Prefilled Order Window Setting In the Signal Tracker, we saw that a prefilled order window opens when a signal is generated. Here you can choose for which signals and trading styles you wish to open an order window. 5. Exit Method In Exit method, the target can be set. There are three ways of exit under TradeGuide Signal. The first is using Risk Reward Multiple (RR). Eg. If the stoploss is set at 3% and the RR is set at 2 times, the trade will exit when there is a profit of 6%. Ie. 2 times of stop loss. If you decide that you wish to exit at a fixed profit%, stop loss being irrelevant, set the percentage here. Under trend following, the trade is exited when the system generates an exit signal using algorithms. If this method is used, the target in the signal tracker will show as 0. By default, this method is selected.
6. Position Sizing A very important part of the trading plan is Position Sizing. An organized trader always knows how much he has to trade. >> If you are trading on F&O, position size can be set on number of lots. >> If you are trading in the cash segment, it can be set on the basis of amount to be risked or invested per trade. If you use a dealer terminal, position size can be set individually for all your clients by entering their client code. 8. Order Form Details You can view order window settings of all your clients. Slippage for limit orders can be edited here, which will be common for all clients. 9. Save Settings To save all settings related to order window, click on Save Order Window Settings. D. Subscription Details TradeGuide Signal is a premium subscription based service exclusively for Motilal Oswal account holders. For more details: Call- 022 30896601/33124956 Email: tradeguide@motilaloswal.com Website: www.motilaloswal.com