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The three types of trade mentioned in this page, Trend, Fast and Sync that belong to the cluster of Main Trades are in effect the way that GemsBot should be traded to get the most out of it. They are not different in nature, simply the Fast and Sync trades compliment the Trend trade and are there to assist you when there is a great run and the conservative limit order entry for the Trend trade is not filled.
Since Trend trades occur frequently resulting in a large number of trades each day there are many approaches in reducing the number of your daily trades, while at the same time improving their success rate.
The best trade that you can take, although it is produced the least number of times each week, is when you see simultaneously a Sync and a Fast trade. Since Sync and Fast trades are only produced when a Trend trade has already been triggered and within 1 minute of its initiation, we have in effect a Triple Trader Trigger and we refer to it as a TTT trade.
Next best in order of importance and with increasing daily frequency are the Sync and then the Fast trades. You can concentrate if you wish solely on either of them without going through the Trend trade entry and subsequently the probable procedure of sifting your entry price. This way your trades will be less risky while being profitable on a weekly basis.
The following trade notes are shown so that you have an understanding of how trades are produced from the trading signals. You do not need to memorize any of them, since all of them are shown in the spreadsheet with clear color coding.
The choice of trades is yours. GemsBot is here to cover your needs whether you are a novice or an experienced trader.
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Entry Signal
The entry time is triggered when the Market Strength crosses certain levels for each instrument. There are three entries generated, but only the first one is used for the Trend Trade. The entry price is the average of the Current Evaluated Price plus two times the Last value the moment the trade is triggered. It is the only entry signal produced by GemsBot that is inserted as a limit order and is by design a few ticks away from the current bid or ask.
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What you see
The instant the trade is triggered you see both a time stamp and the entry price in the appropriate cells. Starting at the following 5 seconds cycle step, GemsBot is monitoring the trade whether it is filled or not. When there is a fill the entry price is underlined and the current P&L for 1 contract less $5 commission is shown in the adjacent cell. At the same time with the Trend trade trigger, the whole period is marked Long or Short. It is marked Flat when the Market Strength is in the neutral zone of -25 to +25.
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Audio Alert
When a Trend Trade is triggered you hear the Long or Short alert for the particular instrument. When it is closed you hear the corresponding Trend alert.
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Exit Signal
The Trend Trade is closed when the Market Strength drops by at least 10%. At that time there is an audio alert produced and the color in the Trend Trade price cell changes from dark green to light green or from red to tan. In addition the current Market Strength cell changes to a yellow background, the latest of the three Trend entry prices changes to 0 and it is time stamped.
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Frequency
On an average day there are about 20 to 30 Trend trades produced following closely the trend of the markets.
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Remarks
For information purpose only, since GemsBot depicts the trade automatically, the crossovers of the Market Strength values used to trigger the Trend trade for regular hours trading is the first of appearance of the absolute values 25 or 50 and every 50 up to 500. For premarket trading the absolute values used are 5 or 20 or 50 and every 50 up to 200.
The two entries shown in Gemsbot below the Trend trade cell are there for scaling in a trade when trading a very large number of contracts.
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Entry Signal
They are triggered when within the first minute of the Trend trade initiation we have three Market Strength crossovers of the above mentioned numbers.
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What you see
When the Fast trade is triggered and until it is closed the Fast Trade cells in the spreadsheet mention it and they are colored either dark green or red.
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Audio Alert
The moment the trade is triggered you hear the Fast Trade alert preceded with the instrument name.
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Exit Signal
Fast trades are closed in the same way as Trend trades, that is when the Market Strength drops by at least 10%. At that time there is a yellow background in the Market Strength column, the latest Trend entry and the Fast trade sign is removed in the spreadsheet and an audio alert is produced.
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Frequency
On an average day there are about 10 to 15 Fast trades produced.
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Entry Signal
Sync trades are triggered when all four instruments change trend in the same direction within one minute of each other.
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What you see
You will see the Sync Line in the spreadsheet to change color into dark green or red and the words Sync Trade for all instruments.
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Audio Alerts
You will hear the only alert that is a Sound and not a female voice. It is a ratchet sound, the device that only permits move in one direction. This way the "safest" of all trade types is emphasized.
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Exit Signal
Sync trades are closed in the same way as Trend trades, that is when the Market Strength drops by at least 10%. At that time there is a yellow background in the Market Strength column, the latest Trend entry is removed in the spreadsheet and an audio alert is produced.
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Frequency
On a normal day we expect about 5 to 10 Sync trades.
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