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OmniTrader 2004
International User’s Guide
Due to OmniTrader being geared
specifically for the US markets, International users will find
that OT2004 will not produce SIG’s (Signal’s), ADV (Advisor
ratings), BTHR (Back test hit rate) etc on many stocks as well
as producing odd results such as data not appearing. This can be
attributed to the differences in stock values and default system
settings within OT2004. To overcome this Paritech has been in
consultation with Nirvana and under their guidance, Paritech has
been able to construct a set of definitions/options that will
improve the SIG’s, ADV, BTHR etc that OT generates as well as
improving the overall conditions that OmniTrader 2004 produces.
The definitions/options below were created using OmniTrader 2004
release 3a.
- Before
registering OmniTrader use the product in demo mode. Once
registered the OmniTrader Licence is transferred to you and
returns cannot be accepted. For all OmniTrader clients it is
recommended that the OT program is firstly registered in
accordance with the Nirvana manual.
- After OT
has officially been registered please ensure that you have the
latest release of the program. To do this you must firstly be
connected to the Internet then simply click on Start then on
Programs then on the OT2004 folder and finally on OmniTrader
Updater (see image below). You will now simply need to follow
the on screen prompts to get the latest release.
- Now that
OmniTrader has been registered and updated to the latest
release you will need to follow a few simple step before Using
OmniTrader.
STEP BY STEP USER GUIDE
The configuration of the Easy Data Database causes symbols that
are trading on international markets to display data with
incorrect dates in OT’s charts. Due to the configuration of the
Easy Data Database, any symbols contained there will always
default to the US exchange they are set to. To work around the
issue, you can delete the symbols from the Easy Data Database
that overlap with your user data symbols (see image below). You
can delete all of the symbols contained in the Easy Data
Database following the instructions.
1.
Click the pencil icon in the Focus List
 
2. Select Easy as the data source
3.
Select the US Stocks Tab
4.
Highlight the symbol at the top of the list
5.
Drag the scroll bar on the right side of the database window
half way down the page
6.
Hold down Shift and select the bottom symbol
7.
Once all the symbols are highlighted, click the Delete button at
the bottom
8.
Repeat steps 4-7 for remaining symbols
9.
Click OK to save the changes
  
10. Again click the pencil icon in the Focus List, hi light any
default stock remaining in the focus list and click the
“Remove” button then OK. This will now leave you with a blank
Focus List
- You should
now also set your default exchange according to the market you
are trading. For example, if you are trading stocks on the
ASX, you would set your default exchange under Edit, Exchange
Information to that market. To do this in OmniTrader you will
need to click on Edit then on Exchange Information. You will
then need to locate your appropriate exchange, in this
instance it is Country AU Exchange ASX, click on
it to hi light and click the “SET” button on the top right
hand corner of the Exchange Information window.
- You are now
set to re configure the Strategies field in the To Do List. To
do this, in OmniTrader click on VIEW then on TO DO LIST. You
will see “Default” pre selected (see image below).
- You may now
proceed to re configure Strategy Voting. To do this click on
the Strategy Voting Button. Under the Performance parameters
please ensure that you have selected identical settings as in
the image below. Signal Generation can be left as is.
- The next
step is to select TEST SETTINGS. In Profit calculation ensure
that $ per Share is selected. Then set Slippage, Entry
Commission and Exit Commission to 0 (zero) (see image below).
- The next
step is to click on the EDIT button. An Editing window will
appear for the Default Settings (see image below).
 In
this window double click “59 Systems” and in the Systems
window that appears ensure that “Use Reversing Signal” is
selected then click OK (see image below).
- Back in the
“Editing Defaults” window now double click on Performance and
in the Rank BY field select “Hit Rate” and click OK (see image
below).
- Back in the
“Editing Defaults” window now double click on Vote and ensure
that “Optimize Advisor cut off using” is set to Hit Rate then
click OK. (see image below).
- Back in the
“Editing Defaults” window double click on “Orders” (you may
need to use the scroll bar in order to see this option) which
is the last option in the Editing Defaults windows and an
“ORDERS” window will appear. In this window click the “Exits”
tab and here deselect all option and ensure you only select
the “Reversing Signals parameter then click OK. In the Editing
Defaults window you may now click OK. In doing so you are
taken back to the “TO DO LIST” where you may either elect to
run the TO DO LIST (assuming that you have already added a
number of stocks the Focus List) or alternatively you may
click OK and then restart OT.
PLEASE NOTE: You are now set to use
OT2004 on the Australian stock market or other Markets following
the same logic. Please bear in mind that these changes have been
made under the guidance and recommendation of Nirvana and are in
no way a definitive reconstruction of OmniTrader program by
Paritech. All clients are at liberty to change any settings in
OmniTrader to their liking or as they see fit.
In general, you should always confirm the data with an
independent source before acting upon it and it should only be
used by investors who are aware of the risk inherent in
securities trading. |
