Video summary

XTremeAutoTrader Start Trading Several Symbols 2015 10 02 15 11 48

Main summary

Key takeaways

Technology

Summary of the Video (Extreme AutoTrader: Starting Multiple Symbols Trading with Protective OCO Brackets)

Purpose: Dave (Emerald Trading Technologies) demonstrates how to start trading multiple symbols in Extreme AutoTrader, focusing on how protective OCO (One-Cancels-Other) exit bracket(s) behave as positions change.

Initial Setup in the Trading Console

  • The trading console shows three symbols loaded:
    • Citigroup (C)
    • GE
    • IBM
  • Below the console are three 10-second bar charts (one per symbol) to illustrate how brackets behave as positions update.

Configure Default Settings to Speed Up Trading

  1. Open Settings (may appear on another monitor).
  2. Set Default Bar Type to 10 seconds to increase update speed.
  3. Apply/save the defaults, then proceed to per-symbol customization.

Use Protective OCO Exit Brackets

  • The strategy is configured with protective OCO exit bracket(s) so exits are handled automatically.
  • These brackets update dynamically as strategy positions change.

Lock Settings Per Symbol

  • After applying defaults, the interface switches to a customize mode (green).
  • The user sets final settings for all symbols and uses “Lock all settings for all symbols.”
  • Result: each symbol row becomes locked, preventing changes while preparing to trade.

Automatic Chart Creation (AutoSignBack / Auto-Create Charts)

The video outlines a more reliable workflow for creating strategy charts:

  1. Take TradeStation offline
    • Ensures TradeStation is not connected/receiving data from the order server.
  2. Create strategy charts while offline
    • Improves reliability.
  3. Sign back online automatically using AutoSignBack
    • The sign-back step prompts for TradeStation user ID/password.
    • Credentials are stored in encrypted format to support automation.

Auto-Create Charts for All Symbols

  • Use “AutoCreate Charts for all symbols.”
  • During creation, charts emit start/stop/status events.
  • After creation:
    • The console shows Start buttons enabled for each symbol.

Enable What’s Visible During Trading

  • Enable displays for:
    • Account Orders
    • Position
  • This allows observation of bracket and order behavior during live trading.

Demonstration: Trading and Bracket Dynamics

  • Start trading Citigroup, then observe:
    • Strategy position changes rapidly (example shown: -10 → +10 → +20, then back).
    • The OCO bracket updates quickly in response to price/position changes.
  • Start trading GE and IBM in the same way.
  • Reported behavior/performance:
    • The actual traded position corrects to match the strategy position quickly, often within ~0.5 seconds.
    • Bracket updates may involve removing and recreating the OCO bracket during adjustments.

Main Speaker / Source

  • Dave (Emerald Trading Technologies)

Original video