OmniTrader Xpress includes three different Trading Strategies that you can use to find great trade candidates. Each Trading Strategy is designed to find a particular type of trading opportunity.
- The Breakout Strategy is designed to find stocks that are surging into a move.
- The Reversal Strategy is designed to find stocks that look to be changing trend direction.
- The Trending Strategy is designed to find good trades in the direction of the current trend.
You can use one or all of these Trading Strategies to generate Signals. You can select your Strategy by using the Strategy Toolbar.
The Strategy Toolbar
Let’s look at an example of how your Trading Strategy selection will affect the Signals on the Vote Line.
If you have All Strategies selected in the Trading Strategy toolbar, then the Signals for all three of the Trading Strategies will be shown on the Vote Line.
Now let’s change the selection to Breakout. You will see that only the
Signals fired by the Breakout Strategy are shown on the Vote Line.
If we change the selection to show Signals from the Reversal Strategy, we will see reversal Signals.
And finally, if we choose the Trending Strategy, we only see the Signals that are generated but this Strategy.
This feature allows you to define the type of Signals that OmniTrader Xpress will generate, and better configure the program to match your trading style.
You can learn more about the Trading Strategies in OmniTrader Xpress User Guide.
Best of luck with your trading!
Nirvana Systems, Inc.
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