Introduction To Real-Time Trading AssistantBy
Real-Time Trading Assistant is designed to provide real-time updates on known statistical biases and trading models. The summary information provided will allow the traders to evaluate the current conditions of the market more objectively. It is simple to use and compact in size for conserving valuable screen space.
Launch The Real-Time Trading Assistant
Depending on the symbol you are tracking, you may launch the tool from:
and other potential locations within the site in the future.
Click the open button to open a new browser window with the Real-Time Trading Assistant.
Once connection is made, real-time reports will be streamed into the window.
The Window Layout
Here is a screenshot of the Real-Time Trading Assistant.
It is a simple table with several columns. It sports the same sound control in the Real-Time Price Levels Tool.
Time shows the time for which the bias or signal was generated from. If the event comes from the day before (or even older), it will display the date instead.
Name is the short name for the bias or signals. The research articles that are implemented in the real-time reporting tool have their titles updated with the Signal ID information at the end. For example, VSnap is the Signal ID for the Volatility Snap trading model.
Status indicates the event type. It can be one of the following states: bullish, bearish, breakout and handsoff. The event can be invalidated or fulfilled in real-time and the report will be updated to let you know.
Price is shown if a specific price is relevant for the event.
Misc shows any extra information that do not fit into the other columns.
Real-Time Biases And Signals
For an explanation of the overall design concept and what the tool can do for you, you can check out my summary on the subject, Emini S&P Real-Time Trading Assistant Explained.
A list of the supported real-time biases and signals for Emini S&P500 can be found in the Emini S&P Patterns Library.
The Forex equivalent will be added soon.
The reporting tool is not updated by fixed time interval. Instead it is driven by the events themselves which can be 1-minute based, 5-minute based, 100-tick based, etc. The events are updated on demand individually.
Screenshot taken from alpha release.
Update to this document will be done when new features are added to the tool.