Track 'n Trade Futures End of Day
In this Track 'n Trade 5.0 Futures Trading Training video, I want to start by demonstrating for you, how to manage your Indicators.
You'll notice that down here in this bottom window, this is where our Indicators. You'll notice also, that we have this silver bar across the middle. This is what allows us to change the size of that window. If you hover your mouse over the top of it, you see that it changes to a little arrow. You hold down your left mouse button and you slide it up, and it makes that window bigger or smaller. You'll notice that in this mode, it covers up the chart. You can go all the way to the top of the screen or all the way to the bottom of screen and close out that window, as well.
So, if we want to move the chart bigger and also have the chart in there, as well- we need to right click on the chart, which brings up our right click Menu. Then, say, Auto-Scale Charts. If you turn that feature on, now when you move and scale the different windows, your chart will stay scaled to the size of the window you move it to. Okay?
The next thing we need to do, is just come in here and learn how to turn on and turn off different Indicators.
Now, I have the Indicators Button Bar turned on, and of course, you have control over that, by going to the View and all of your different Button bars are available for you inside of here. You can turn them on, and you can turn them off. Notice, I have my Indicators Button Bar turned off. I've docked it down here to the bottom of the screen.
So, there are actually several ways of doing the same thing, in Track 'n Trade. One, is if you've got this Button Bar turned on, you can simply click the button, that you want of the Indicator you're looking for. So, let's say we're looking for the Momentum Indicator. If we just click the momentum button, that turns the Momentum Indicator turned on.
Now, if you want to see the Settings for the Momentum Indicator, come up here to the third tab in the Control Panel, click that. That gives you all the Settings for the Momentum Indicator. Now, if I want to switch back over and see the chart Settings, I click on the Chart. Notice the Chart Settings come back up. If I want to get back to the Indicator Settings, all I have to do is click the Indicator and the Indicator Settings come back up.
Now, any change that I make within the Settings Window, reflects in the chart immediately. So, if I come down here and I say I want a line- notice that it immediately changes over to a line. I don't have to hit Okay, or Confirm, or close a box or anything. All this is done right here, on the fly.
So, even changing the time style, if I don't want a Momentum Moving Average, at 28. Maybe I want it to be 50, I can type in 50, and it immediately reflects on the screen. Of course, that's also how the arrows are calculated for our Buy/Sell Signals, and those are also immediately reflected on the screen.
Now, if I come back and I want to see a different Indicator, I can come over here, and let's say I want to see the RSI. Well, I click on the RSI Button, and notice that it turns the RSI on, and all my RSI Settings are turned on.
I can come in here and turn on a few of the features I like with the RSI, I can save those as my Default. Now I have two Indicators turned on. Actually, you can see I have 3. I have Volume and Open Interest, as well. So, I have my RSI, my Momentum and my Open Interest.
To get to the three different Indicators, all I have to do is click this little button over here. Which is also the key to the Indicator. Notice that the RSI is set on a 0-100 scale. That's indicated over here. We can also notice that it's the RSI, and it's on a 14 period RSI period.
So, now if I wanted to go to my different Indicator, rather than just coming down here and clicking on...let's say the Momentum clicking the button off and clicking it again, which would turn it back on. I can just click this button over here, and it will rotate. You'll notice, that it rotates, and it will rotate through my different Indicators.
So, a simple way to rotate through and see the different Indicators, and the different Buy/Sell Signals that they throw for us, is a very handy method of rotating through the different Indicators.
I'm going to come back to the Momentum Indicator and now what if I want to see a very popular strategy which is 2 Indicators stacked on top of each other? Let's come in here and 2 Indicators that are very...that are used in that strategy, are first of all, the Stochastics Indicator. So, we come in here to the Slow Stochastics. Let's turn that on. Then the Mac-D Indicator. So, we turn the Mac-D Indicator and the Stochastics Indicator turned on. Now, they're both on at the same time, but we rotate between the two, right? That's because, over here on the left-hand side you'll see that I have a button over here, called ONE or ALL. That's what you'll want to display in this window. Do you want to see one Indicator or do you want to see all the Indicators? Well, I want to see all the Indicators that are active, right now. Which the only two I have are Mac-D and Stochastics. So, I click ALL, and now I have those two Indicators are stacked on top of each other. Again, a very popular strategy. Notice, that it also puts multiple Indicator arrows on the screen at the same time. So, this is where you're getting a confirmation of 1 vs. the other. That's why you might want to stack your Indicators.
Now, you can see the key is over here, this is for the Mac-D. If you click it, now this is the key for the Stochastics. Of course, both Indicators are shown, all you're changing now, is just which key you're looking at. Of course, it also give you the different Settings. So, we're looking at the Stochastics Settings, this way, we now have the Mac-D Settings.
Another way you can turn on and turn off Indicators, is simply right clicking in the Indicators Window. You'll notice that by doing that, it brings up a large list of all the Indicators that are available to you. Simply from a right click point of view. So, if you want to turn one on, you can hit, let's say we want to see the Price Oscillator, we just left click the Price Oscillator, and that one is also turned on. Of course, we have all turned on, so they're stacked, If we go back to 1, that takes us back to the Price Oscillator.
You can see that it's Buy/Sell arrows are displayed on the screen, and clicking in the tab, also gives you the Settings for that Indicator. So, being able to right click is a very convenient way of turning on and turning off Indicators, as well.