The
following is a step by step process to get started using the Fibonacci
Trader Program
1st,
lets get connected to your data vendor.
- Press
Utilities, data source, select live feeder.
- Click
on the radio button next to the name of your data vendor.
- For
E-signal users only, type in your user name, password, and
server address which can be found under communications in your data
manager program. This
program must me running before you can connect to E-signal.
- For
Townsend Analytics users only,
type in the name of the server in
“Real Time Machine Name” box and the name of the historic
server in the “Historic Machine Name” box.
You can find these names in the TAL quoting software that
comes with a subscription to Townsend Analytics.
- Press
OK.
- At
this point you may be
asked to type in your user name and password.
Do so and press ok. This
will depend upon your data vendor.
Now,
lets make sure your Exchange Time Zones are set correctly
- Click
File, exchanges, edit exchanges. The “exchanges” window appears
listing the most common exchanges.
Please note that you can build your own exchanges and add them
to the list.
- Find
your time zone below:
If you are in London then your New York Stock Exchange Time Zone
should be +5
If you are in the Eastern Time Zone then your New York Stock
Exchange should be 0
If you are in
the Central Time Zone then your New York Stock Exchange should be
-1
If you are in
the Mountain Time Zone then your New York Stock Exchange should be -2
If you are in
the Pacific Time Zone then your New York Stock Exchange should be -3
If you are in Hawaii then
your New York Stock Exchange should be –6 but during Daylight Savings
Time you will need to subtract 1 hour from all your exchanges so that
the New York Stock Exchange is –5.
Be sure to add 1 hour to all exchanges when Daylight Savings Time
expires (see below)
- Click
“exchanges” in the upper left hand corner of the “Exchanges”
window.
- Select
“Add one hour to all exchanges” or “subtract one hour from all
exchanges” until your New York Stock Exchange Time Zone is set
correctly.
- When
done click “exit”
Next, lets add some symbols. You will setup all futures symbols using the “Group” menu
and all indices and stocks using the “Contracts” menu.
Let’s
setup a futures symbol. We
are going to use the 10 Year Notes as our example using Quote.com as our
Data Vendor.
- Click
File, Groups. Then right click
anywhere in the Groups window.
A menu will appear. Select
“New Group”
- Click
once on the “Chicago Board of Trade”.
It will then ask you if you want to use the default trading
times for this exchange. Select
“Yes”
- In
the Description box type in the name of the futures symbol you are
setting up. In this
case type “10 Year Notes”.
- Look
up the “root symbol” in your
symbols directory (provided only by your data provider).
\
- In
the symbol box, type in the “root symbol” and then a
?! right after it. Note
that E-signal uses a space between the root symbol and the ?! (i.e. TY ?!). Also,
some data vendors place the year before the month.
In these cases you will need to flip the ?! and make it read
!?. So, in our
example, we type in TY?!.
Remember to use capital letters if your data vendor requires
them.
- Place
a check mark next to all the months that the futures symbol you are
setting up trades. In
our example we place a check mark next to March, June, September,
and December.
- Select
“Futures” as your division.
- Select
“32 ½” as your unit as the 10 year notes trades in 32 ½’s.
- Click
on trading time and make sure that the open and close times are
correct for the futures symbol you are setting up.
If you are not sure then go to the exchange website and look
it up. We do not have
this information.
- Leave
FTGT symbol blank.
- Click
OK.
Let’s
setup a stock symbol. We
are going to use the IBM as our example using Quote.com as our Data
Vendor.
- Click
File, Contracts, New Contract.
- In
the exchange window scroll down and click once on the “New York
Stock Exchange”. It
will then ask you if you want to use the default trading times for
this exchange. Select “Yes”
- Under
type select ‘Real Time”
- In
the Description box type in the name of the stock symbol you are
setting up. In this
case type “IBM”. You
can type International Business Machines if you want but it is best
to keep descriptions as short as possible.
- Look
up the “symbol” in your
symbols directory (provided only by your data provider).
- In
the symbol box, type in the symbol
you want (example: IBM, SPZ1...symbol formats depend on your feeder).
Remember to use capital letters if your data vendor requires them.
So, we type in IBM
- Select
“Stocks” as your division.
- Select
“decimal” as your unit and place a 2 in the box decimal box.
- Type
in .01 as your tick size.
- Click
on trading time and make sure that the open and close times are
correct for the stock symbol you are setting up.
If you are not sure then go to the exchange website and look
it up. We do not have
this information.
- Leave
FTGT symbol blank.
- Click
OK.
Please
note that you can quickly add symbols to your default exchange (in most
cases this will be the New York Stock Exchange but can be changed to
whatever exchange you like) by hitting the F5 key.
Type in the symbol and click OK.
Then right click on the newly created symbol and select edit.
Make sure that all the parameters are set correctly.
Now
its time to make a chart. We
are going to create an 80-Daily-Weekly chart as well as a
Daily-Weekly-Monthly chart for IBM
- Click
Plan. The Plan window comes up.
- If
see the word “manual” under the word “real time” then double
left click on the word “real time” so that it will so the
subfolders “futures”, “indicies”, and “stocks”.
- Click
on the + sign next to the stocks folder.
- Right
click on IBM and select “create new plan”.
- Type
80 in the box on the own period row. Put a check mark next to
“D” on the “Next” row, and another check mark next to the
“W” on the highest row
- Click
“OK”
Now
lets create our final chart, the D-W-M IBM chart.
- Since
the Create Plan window is still open and the IBM symbol is still
highlighted in the “Contract” box, we simply select our new time
period.
- Place
a check mark next to the “D” on the Own Period row.
- The
W and the M for the next and highest time periods will automatically
be filled in.
- Press
OK to create the chart.
- Press
Close.
- Press
the “x” in the upper right hand corner of the “Plans”
window.
At
this point your chart will be blank.
We need some historical data to look at.
If you are using an internet data vendor then you can download
historical data from their historical data server. This option is only
for those subscribing to internet data vendors. Because of the nature of
the internet we do not guarantee this function will work 100% of the
time. If you are using a
data vendor’s satellite or DDE link system you will have to purchase
historical data and import it into the Fibonacci Trader.
Fibonacci Trader does not sell historical data.
- Double
click anywhere in the black background area of your chart. A menu appears.
- Toward
the bottom you will see the name of your data vendor’s historical
data server. Select it.
- Now
select “update minute bars”.
- It
will now ask you for a date in
the past to collect data from.
- Type
in the desired date keeping in mind the further you go back the less
likely the download will be successful.
- Press
OK.
- After
a few seconds (will take longer in if you are requesting a lot of
data and your connection to the internet is slow), the data is
appear in your chart.
- If
you want to see more data than is on the screen press the
“options” icon (two icons to the right of the $ icon across the
top of your screen) and change the “Bars in memory” to a larger
number. You can also
see more or less bars on the screen by pressing the “double
bars” or half bars” icons.
Finally, lets add an indicator to
our chart. For our example
we are going to add the Dynamic Trio Next to our D-W-M IBM chart we just
created. Since we are selecting a next time period indicator on a D-W-M
chart, the indicator will use weekly prices to calculate itself but will
be drawn on the Daily bar chart. This
is the Multiple Time Frame concept in action and the real strength of
the Fibonacci Trader Program.
- If
you have more than one chart open, click on the chart that you want
to add an indicator to in order to make it the active window.
- Click
Indicators. A window appears showing a list of the
indicators that come with the program
- Using
the vertical scroll bar in the indicators window press the down
arrow until you can see the Dynamic Trio.
- Click
on it to highlight it.
- Press
add. You will then see
the Dynamic Trio Next in the indicator window above.
- Click
exit to see the indicator on your chart.
- You
will also see the name of the indicator and its given parameters
printed in the upper left hand corner of your chart. Right clicking
on the name of the indicator will bring up a menu that allows you to
choose to edit or delete the indicator.
See owners manual for details on editing the parameters of an
indicator.
You
should now be up and running with no problem.
For a more in depth discussion on the powerful features of the
Fibonacci Trader, please consult the F.A.Q.
at www.fibonaccitrader.com
and your owners manual.
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* Trading any market carries a high level of risk, and may not be suitable for
all investors. The high degree of leverage can work against you as well as
for you. Before deciding to invest you should carefully consider your
investment objectives, level of experience, and risk appetite.
* The
possibility exists that you could sustain a loss of some or all of your
initial investment and therefore you should not invest money that you cannot
afford to lose. You should be aware of all the risks associated with
trading, and seek advice from an independent financial advisor if you have
any doubts.
* The Views and opinions represented in the provided website
links and resources are not controlled by the Referring Broker or the FCM.
Further, the Referring Broker and the FCM are not responsible for their
availability, content, or delivery of services.
* You should be aware of all the risks associated
with foreign exchange, futures, stocks, options, Cryptocurrencies trading,
and seek advice from an independent financial advisor if you
have any doubts. We do not offer any advise and trade using our
software is at your own risk.
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