ART Software Manual TS

AR-1001-09-10
Applied Reality Trading

Featuring The Pyramid Trading Point Indicator
CHARTING SOFTWARE
USERS MANUAL
For TradeStation Users Of The ART Charting Software
Published in the United States of America by:
10755-F Scripps Poway Parkway, #477 San Diego, CA 92131 USA E-mail: Info@TradersCoach.com Phone: (858) 695-0592 Fax: (858) 695-1397
TradersCoach.com is a trademark of TradersCoach.com Incorporated. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photo copying, recording or otherwise without the prior written permission of TradersCoach.com Incorporated. The publisher has made every effort to ensure that the content of this booklet is entirely accurate at the time of publication but assume no liability for any inadvertent errors contained within this text. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since trades have not actually been executed, results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs and ideas in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed. The information in this booklet: Applied Reality Trading - Charting Software Users Manual is intended for educational purposes only. Traders are strongly advised to do their own research and testing (Paper Trading) to determine the validity of any trading idea or system. Trading and investing carry a high level of risk. Past performance does not guarantee future results. TradersCoach.com, Bennett A. McDowell, or affiliates assume no responsibility for your success or failure in trading the markets.
Copyright 2010 by TradersCoach.com, Inc.
ART For TradeStation Applied Reality Trading
Page 1
TradeStation
Version of The ART Charting Software Users Manual
TradeStation Registration It is recommended that, prior to installation and use of your ART Charting Software, you go to the TradersCoach.com website and watch the installation video and then register on-line at:
http://www.traderscoach.com/charting_software_registration.htm
Have your TradeStation account information handy when you are ready to register. You will need the TradeStation Customer Number associated with your TradeStation service to complete the ART Charting Software registration process. NOTE: If you are on an ART Software trial, you do not need to register since we already asked you for your TradeStation Customer Number.
Copyright 2010 TradersCoach.com, Inc. All rights reserved. Any reproduction and/or electronic transmission of this document is prohibited without the prior written consent of TradersCoach.com and is a violation of international copyright law. AR-1001-09-05
ART For TradeStation
Page 2
Software Settings:
You may want to adjust the Pyramid Trading Point settings. Do this with the MinScore setting. (See page 3 of this Users Manual to make adjustments until you see more Pyramid Trading Points.) Different markets and time frames have their own unique volatility that we can adjust to using the ART Charting Softwares MinScore function for optimal trading. The Default setting of 5 will work best on most all markets and time frames. When you look at charts for the FIRST time, make adjustments to this setting until the Pyramid Trading Points capture most trends, then that will be your OPTIMAL setting. Remember, if you have any questions or need further assistance, E-mail us via: Info@TradersCoach.com. NOTE: Future versions of TradeStation may produce different ways to load indicators on charts so review your TradeStation instruction manual on applying a technical indicator.
Copyright 2010 TradersCoach.com, Inc. All rights reserved. Any reproduction and/or electronic transmission of this document is prohibited without the prior written consent of TradersCoach.com and is a violation of international copyright law. AR-1001-09-05.
Page 3
ART Pyramids
Load the ART Pyramid to display the Pyramid Trading Point on your chart. The ART Pyramid indicator has variable User Inputs that provide an extra degree of control over its behavior. This allows you to color Icons and Text to suit your needs. All User Inputs, can be left at their default values shown. NOTE: P= Primary Pyramid Trading Point MP= MinorPyramid Trading Point PTP= Pyramid Trading Point User Inputs For ART Pyramids Format Indicator Window
BearPTPColor- Default value is red This input switch controls the color of the BEARISH Pyramid Trading Points.
BullPTPColor- Default value is DarkGreen This input switch controls the color of the BULLLISH Pyramid Trading Points.
DefBarColor- Default value is white Do Not Adjust.

Page 4
MinScore - Default value is 5
This is a numeric input with a range of values from 0 to 8. This input controls how Well Formed the pyramids must be before they are selected as a Pyramid Trading Point . See page #5 for details.
Page 5
Increasing the MinScore value will cause the ART Pyramid Trading Point system to identify only the higher scoring Peaks and Valleys. Lowering this value will cause the ART Pyramid Trading Point system to identify lesser scoring Peaks and Valleys. Setting this to 1 will result in Major Pyramid Trading Points being identified that are less constrictive in nature, while a setting above 5 will be more constrictive. Under perfect conditions, the HIGHS and LOWS of these bars would ascend smoothly up and down like this:
Perfect Pyramid
Score 8
NOTE: This diagram is for illustrative purposes only.
The following pyramids would get scores of 7, 6, and 5 respectively, because the shape of the pyramid gets progressively more ragged as the HIGHS and LOWS fall out of line.
Score 7
Score 6
Score 5
NOTE: These diagrams are for illustrative purposes only.

Page 6
The MinScore input controls the minimum score and therefore how Well Formed the Pyramid Trading Point must be before it is selected by the software. A value of 0 is very tolerant and it will allow many small pyramids. A value of about 4, 5, or 6 seems to work best. Values of 7 and 8 are very selective, and so there are only a few qualifying points. This leads to some fairly large pyramids. PotentialPTPColor - Default value is yellow. Colors Potential forming Pyramid Trading Points.
PTPColorBars - Default Do not adjust. For internal use only.

value
is is is is
true. true. false. All.
ShowIcons Default value Do not adjust. For internal use only. ShowPivots Default value Do not adjust. For internal use only.
Sound Default value To turn voices off set this to false.

UsePyramidBarColor - Default value is false. D not adjust for internal use only.

Page 7
Voice - Default value Male This sets a Mans Voice for the Pyramid Trading Point entry and exit signals. You can change this to Female to set a Womans voice for the Pyramid Trading Point entry and exit signals.
Copyright 2010 TradersCoach.com, Inc. All rights reserved. Any reproduction and/or electronic transmission of this document is prohibited without the prior written consent of TradersCoach.com and is a violation of international copyright law. AR-1001-09-05
Page 7
On-Screen Icon For The ART BULLISH Pyramid Trading Point
Page 8
ARTPyramid Program Operation The ARTPyramid program file operates in a specific manner that is important to understand. Pyramid Trading Point formations are drawn as YELLOW potential pyramids when they are in a PRECONFIRMED or PRE-VOIDED state. Most of the NEW Pyramid Trading Points(on the right side of the chart) will appear in YELLOW until they are CONFIRMED or VOIDED. Once these YELLOW pyramids are CONFIRMED, they will change colors (to either RED or GREEN) and a P (Primary) or MP (Minor) label will be assigned to them. These CONFIRMED Pyramid Trading Points are signals that have resulted in a potential trading action (Buy or Sell). NOTE: P = Primary Pyramid Trading Point MP = MinorPyramid Trading Point PTP = Pyramid Trading Point
If a YELLOW pyramid is VOIDED (doesnt result in a trading action), it will disappear from the chart. Only CONFIRMED pyramids will remain. NOTE: In fast markets, there may not be enough time to label a potential pyramid YELLOW. In this case, a CONFIRMED GREEN or RED Pyramid Trading Point will form without warning.
Page 9
Default Color Meanings For A Pyramid Trading Point YELLOW Pyramid Trading Point Drawn for all PRE-CONFIRMED/PRE-VOIDED BULLISH/BEARISH Pyramid Trading Point patterns. (Also known as a POTENTIAL Pyramid Trading Point.)
GREEN Pyramid Trading Point Drawn for all CONFIRMED BULLISH Pyramid Trading Point patterns.
RED Pyramid Trading Point Drawn for all CONFIRMED BEARISH Pyramid Trading Point patterns.
Page 10
ART Reversals
Load the ARTReversal to display ART One & Two-Bar Reversals on your chart. The ARTReversal indicator has variable User Inputs that provide an extra degree of control over its behavior, and allows you to color Icons and Text to suit your needs. All User Inputs, can be left at their default values shown. User Inputs for ARTReversals _2BRevType- Default value is Aggressive The variable value is the number of price bars back used in computing the offset. Aggressive and Conservative adjusts the strictness of identifying these ART Reversals.
BearRevColor Default value is red. You may need to change this color depending on your charts background color.
BullRevColor Default value is green. You may need to change this color depending on your charts background color.
Page 11
DefTextBGColor - Default value is white. Do not adjust. For internal use only.
RunMode - Default value is Quick This is a good setting for all traders. If you want to look at ART Reversals on all history on your chart, then change this setting to Long. Note the Long setting may slow down you response time depending on your PC power.
Show Text - Default value is true. Do not adjust. For internal use only.

Sound- Default value is true. To turn entry and exit voices off, set this to false. Voice - Default value Female This sets a Females Voice for the ART Reversals entry and exit signals. You can change this to Male to set a Womans voice for the ART Reversals entry and exit signals.
VoidRevColor - Default value Do not adjust. For internal use only.
is
white.
Page 12
On-Screen Icons For ARTReversls ART BULLISH Reversal Bars Identified by GREEN colored circles below the signal price bar.
ART BEARISH Reversal Bars Identified by RED colored circles above the signal price bar.
ART Two-Bar Reversal Bars Identification circles are larger than the ART OneBar Reversal circles.
Page 13
ART Color Bars

SellSignalColors Default value set to red. Are considered BEARISH Price Bars.
BuySignalBars - Default value set to green. Are considered BULLISH Price Bars.
NatrualSignalBars - Default value set to white. Are considered NEUTRAL Price Bars. (No trend direction.)
You may need to change these colors depending on your charts background color.
ART Users Manual
Page 14
ART Tips:
1.) 2.) 3.) 4.)
Only trade with money you can afford to lose. Never trade with borrowed money. Practice Paper Trading until you are profitable before trading with real money. Always set a stop-loss exit on every trade before entering any, and all, trades. Always exit your trade when your stop-loss tells you to - dont second guess your stop.
ART Users Manual
Page 15
5.)
Use proper Trade Size formula on every trade.

$ Risk Amount - Commission $ Difference Between Entry & Stop $500 - $80 = 280 Shares $1.50 = Trade Size In Shares Or Contracts
6.)
Never risk more than 2% of your trading account on any one trade.
$ Account Size x 2% = $ Risk Amount $25,000 x 2% = $500
7.) 8.)
Never exceed an overall 6% risk (of your trading account size) at any given time. In most cases, be sure your trading account size is not greater than 10% of your total net worth.
ART Users Manual
Page 16
9.) 10.)
Take full responsibility for all of your trading results. Do not play the victim game and turn the Markets into the enemy. Remember, the market is a safe place. Maintain complete trading records. Determine average win, average loss, percentage of wins VS percentage of losses. Analyze your trading records to determine profit VS loss. Evaluate areas to increase profit. (Use The Traders Assistant Record Keeping System by TradersCoach.com.) Do your homework and believe you can be a winner. Profitability comes from confidence in your system and in yourself. Take a Private Tutorial at TradersCoach.com to hone and improve your ART Charting Software skills while trading the markets LIVE in real-time.
11.) 12.)
ART Users Manual
Page 17
ART Signals
1.) Bullish PRIMARY Pyramid Trading Point For Trend Traders. 2.) Bearish PRIMARY Pyramid Trading Point For Trend Traders. 3.) Bullish MINOR Pyramid Trading Point For Trend Traders. 4.) Bearish MINOR Pyramid Trading Point For Trend Traders. 5.) Bullish ART One-Bar Reversal For Scalpers, Trend Traders Scaling-Out & Scaling-In to positions, & Counter Trend Traders. 6.) Bearish ART One-Bar Reversal For Scalpers, Trend Traders Scaling-Out & Scaling-In to positions, & Counter Trend Traders. 7.) Bullish ART Two-Bar Reversal For Scalpers, Trend Traders Scaling-Out & Scaling-In to positions, & Counter Trend Traders. 8.) Bearish ART Two-Bar Reversal For Scalpers, Trend Traders Scaling-Out & Scaling-In to positions, & Counter Trend Traders.
AR-1001-09-10
10755-F Scripps Poway Parkway, #477 San Diego, CA 92131 USA E-mail: Info@TradersCoach.com Phone: (858) 695-0592 Fax: (858) 695-1397

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AR-1001-09-10

Applied Reality Trading

Published in the United States of America by:

Copyright 2010 by TradersCoach.com, Inc.

ART For TradeStation Applied Reality Trading

ART For TradeStation

ART For TradeStation

DefBarColor- Default value is white Do Not Adjust.

ART For TradeStation

MinScore - Default value is 5

ART For TradeStation

NOTE: These diagrams are for illustrative purposes only.

ART For TradeStation

PTPColorBars - Default Do not adjust. For internal use only.

true. true. false. All.

Sound Default value To turn voices off set this to false.

ART For TradeStation

ART For TradeStation

On-Screen Icon For The ART BULLISH Pyramid Trading Point

ART For TradeStation

ART For TradeStation

ART For TradeStation

ART For TradeStation

VoidRevColor - Default value Do not adjust. For internal use only.

ART For TradeStation

ART For TradeStation

ART Color Bars

ART Users Manual

1.) 2.) 3.) 4.)

ART Users Manual

Use proper Trade Size formula on every trade.

ART Users Manual

ART Users Manual

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