Following are the instructions for installing/configuring the TradeStation(TM) version of ExitAssist (which is called TTW Trigger Stop 1.0):
This help page can be reached at any time by clicking on the large "Stop" logo on the TTW Trigger Stop 1.0 control panel.
1. After you have purchased a licensed copy of the software from the following link https://ssl4.westserver.net/binarycity.net/puretick.com/product.html
, you will be mailed a .zip file.
: When filling out the order form, you MUST specify the correct Customer Number
of your TradeStation(TM) login so that we can properly key your software to work with your TradeStation(TM) account login. The Customer Number
for your acount can be obtained from the Help|About box while you are running TradeStation(TM) and logged in to the charting/trading platform as circled below:
Note that we do not share this information with anyone else. It is used only to unlock your software for your TradeStation(TM) account and the order form is protected by SSL encryption.
2. Unzip the .zip files all to the same folder. You should see the following three files:
3. Run setup.exe to install the TTW Trigger Stop 1.0 control panel.
4. On successful installation, you will need to start TradeStation(TM) and log in to your account.
5. From your windows task bar, navigate to to Start|All Programs|PureTick|Shortcut to TTW_TRIGGER_STOP.ELD and run this shortcut. You should see the following menu items displayed in Windows:
6. Once the shortcut to the TTW_TRIGGER_STOP.ELD (Tradestation(TM) Indicator) has been launched, Tradestation(TM) should display the following screen which will ask you if you want to import our TTW_TRIGGER_STOP.ELD indicator:
7. Click Next. The following TradeStation(TM) screen will now appear:
8. Click Finish. A reminder screen will appear asking you to verify that you want to replace any exiting EasyLanguage(TM) functions:
9. Click OK.
10. If you have previously installed some of our PureTick indicators (the free ones) you will get a prompt asking if you want to replace existing functions with the newer ones. In this case, you can answer NO
if you want to preserve the existing functions which can be viewed in the EasyLanguage(TM) editor. The TTW_TRIGGER_STOP.ELD functions are provided in an encrypted format that can not be read. If you replace the non-encrypted original functions with the newer ones, the functionality will NOT
be affected however you will not be able to read the code.
10. After the import is complete, TradeStation(TM) should indicate that the import has completed successfully.
Configuring the Indicators
1. Note that two indicators work together on the same chart, TTW_Trigger_Stop and TTW_Stop_Text. The TTW Trigger Stop 1.0 control panel is launched from the desktop as a separate application and initiates a position (long or short) so that the TradeStation(TM) indicators know where to begin calculating the stop values and know where you (theoretically) have entered your trade.
a. TTW_Trigger_Stop plots the entry price and stop levels.
b. TTW_Stop_Text annotates in text the various plotting points for clarity as well as showing you what your initial and default stops would be if you were to initiate a trade. If tracking a trade using our trigger stop, your current profit or loss from entry is also displayed.
c. Our control panel application (which is launched from your Windows desktop by double clicking the "PureTick Trigger Stop 1.0 Control Panel" shortcut) interacts with these two TradeStation indicators to indicate where a long or short entry are occuring as well as displaying useful values tracked by the TTW_Trigger_Stop indicator.
2. Our TTW Trigger Stop indicators were designed to work on a 3 minute chart. Right click your 3 minute YM (Dow e-mini) chart and choose the "Insert Analysis Technique" menu item to add the following two indicators to your chart:
In this case I have used the ctrl-left mouse click button to select both indicators at the same time to add them both to my chart at the same time.
3. Click OK to add the indicators, either one at a time or both at once as I did.
4. For BOTH
indicators (TTW_Trigger_Stop and TTW_Stop_Text), in the Scaling tab, change each indicator to first appear on sub-graph 1 and scale on the same axis as underlying data as shown by the circled parameter settings in format indicator:
5. Keep the default settings for now, advanced parameter configuration will be discussed later on.
6. Now launch the control panel from your desktop by double clicking the "PureTick Trigger Stop 1.0 Control Panel" icon:
7. If the TTW_Trigger_Stop and TTW_Stop_Text indicators are not installed on at least one chart and you are not logged in to your TradeStation(TM) account, your control panel will be unable to verify that your software is licensed for use under your TradeStation(TM) account. If you get the following message box from the TTW Trigger Stop 1.0 Control Panel, first make sure that TradeStation(TM) is running one chart with our indicators on it and that you are logged in to your account:
8. Your control panel can be used to choose if you want to use the calculated trigger stop as your initial stop, or the default stop, whose value you can configure from the TTW_Trigger_Stop indicator:
9. When you click the "Buy
" or "Sell
" buttons on the control panel, it tells the TTW_Trigger_Stop and TTW_Stop_Text indicators where you are getting in to a trade so that the indicators can provide visual (and audio alert) updates as appropriate. The entry price is the next tick trade price that comes in after you click on "Buy" or "Sell" buttons. Note that there can be a delay between when you click "Buy", "Sell" (or "Flat") and when your indicator and the control panel update themselves to indicate that you are now "Long" or "Short" and the stop/trade is active.
10. An example of how one might utilize the trigger stop utility is, once you have entered a trade in cash, immediately hit the "Buy" or "Sell" buttons to mirror approximately where you entered your own trade. This will provide a guideline on how you might adjust your own stop in your cash trade. You can choose to use the calculated trigger stop as your initial stop, the default stop as configured in the TTW_Trigger_Stop indicator and control panel, or an initial stop based on the ATR (average true range) which is also configured through the TTW_Trigger_Stop indicator. As the trail progresses, the TTW Trigger Stop will attempt to trail the stop up to help you reduce your risk and lock in profits.
Configuring Audio Alerts
(See configuration/demo video below)
Running Multiple Trigger Stop Indicators and Control Panels at Once to Monitor Different Futures Symbols or Both Long and Short Positions on the Same Symbol
(See configuration/demo video below)