Trade Guide Signal

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TradeGuide Signal

Manual






Table of Contents



  1. S etup


  1. Get Started With TradeGuide (TGS)
  2. More Information on TradeGuide (TGS)
  1. Understanding Signal Tracker


  1.   Types of Trading Styles
  2. Types of Signals
  3. What is TradeGuide Trader Test?
  4. Understanding the columns of signal tracker
  5.   Signal Generation
  6.   Resizing Windows
  7. Other Options
  8. Trendicator
  9. Advance Charting Tools

C.  Understanding Trading Planner

  1. Stock Selection
  2. Performance Tracker
  3. More Settings
  4. Prefilled Order Window Setting


  1. Exit Method
  1. Position Sizing
  2. Order Form Details
  3. Save Settings

D.  Subscription Details



  1. Setup


  1. Get Started With TradeGuide (TGS)

To open TradeGuide, login to the OrionLite trading terminal and click the start button. Then Click on the TradeGuide Signal (TGS) option or simply use the shortcut ‘Ctrl+T’. TradeGuide Signal is a premium subscription based service exclusively for Motilal Oswal account holders. To activate TradeGuide Signal, click on Free Trial/ Subscribe option.







  1. More Information on TradeGuide (TGS)


For more information about TradeGuide Signal, click on ‘TGS Guide’. 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.

a. Positional (for few weeks)

b. Swing (for few days)

c. Intraday (for few hours)




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. Stop-loss 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. Stop-loss revision mechanism is fast to en-cash substantial gains from price momentum.


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%. Intraday signals are suitable for those who wish to trade and exit on the same day.

The signals are generated after 30 minutes of market open. No new signals are generated 30 minutes prior to market closed and timeout exit occurs 15 minutes prior to market closed.



  1. Types of Signals


TradeGuide 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.






  1. What is TradeGuide Trader Test?


It is very important for a trader to know his trading style-whether he is a positional (few weeks), swing (few days) or intraday (few hours) trader. TGS Trader Test enables identification of one’s trading style. It analyses a trader’s personality on 7 factors and gives a complete snapshot of his/her strengths and weaknesses.









  1. Understanding the columns of signal tracker

In every window, the following columns can be found.

Only a few default columns are visible. To Add /Remove columns, right click to see the full list.




  1. Signal Generation



There are 6 ways you will be notified on signal generation:











  1. Resizing Windows


See only what you need. For a more personalized user experience, each trading style window can be minimized, maximized, resized and closed.



  1. Other Options

To view only open positions in the signal tracker, check this control. (“Show Open Position”)


.




Other controls include Performance Tracker (to view performance reports of selected stocks), Clear All,

Refresh, Show All, Full Screen and Save Layout.



  1. 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 their buy/sell percentage.





  1. Advance Charting Tools

Open colorful chart for any stock by double clicking on a stock name. The chart is divided into three parts- Green indicates buy signal, white indicates ‘No trading zone’ and red indicates sell signal.

The yellow and purple lines on the chart are trailing stop-loss. When price hits the trailing stop-loss, exit signal is generated





  1. 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


In Stock selection window, you can select your stocks to view their signals in signal tracker. You can also receive real time SMS and Email of signals by ticking on SMS & Email option. Once all the settings are done, click on “Save My Stock List” button to save the changes. If you want only SMS or Email and not signals in tracker then it gives that flexibility as per your requirement.


TGS T20 is a list of best performing 20 F&O stocks selected from various sectors which are highly liquid. It is a continuous Stock Reshuffle mechanism on weekly basis.


To receive signals on a TGS T20 stocks, click on Load TGS T20 Stocks.






    1. Performance Tracker


You can access Backtesting performance reports anytime by clicking on Performance Tracker Icon.



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 them.



    1. More Settings

This is just one part of the Trading Planner. Check the control ‘Open Order Window Setting’ to view more.



    1. 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.




    1. Exit Method


In Exit method, there are three ways of defining exit under TradeGuide Signal:


  1. Risk Reward Method

Using Risk Reward Multiple (RR) e.g. If Risk: Reward is 2 times and entry stop loss is set at 3%, the trade will exit when there is a profit of 6% i.e. 2 times of stop loss.


  1. Profit % Method

If you decide that you wish to exit at a fixed profit%, stop loss being irrelevant, set the target percentage where you wish to exit.


  1. Trend Following Method

Under trend following, the trade exits when the system generates an exit signal. If this method is used, the target in the signal tracker will show as ‘0’. By default, this method is selected.


    1. 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 use a dealer terminal, position size can be set individually for all your clients by entering their client code.




  1. 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.





  1. Save Settings


To save all settings related to order window, click on ‘Save Order Window Settings’.




  1. Usage & Benefits of TradeGuide Signal


Direct Usage of TradeGuide Signal



Guides in Option Trading


E.g. Credit Spread Option Strategy; Bull/Bear Spread Option Strategy.



Analytical & Other Usage of TradeGuide Signal








For more details:

Call- 022 30896601/33124956

Email:        tradeguide@motilaloswal.com Website: www.motilaloswal.com








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