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Adding S/L and TP in Quantum Charts 1.1

 

* To begin this tutorial you should have already created a complete system.

 

1.    Click the �New� button in the strategy box, and select �New Strategy� from the drop-down menu.

 

 

Macintosh HD:Users:SD:Desktop:Screen shot 2011-02-18 at 2.54.42 PM.png

 

 

2.    This will populate a third strategy in the outline area. This is the setup/signal that will be used for both the Stop Loss and Target Point.

 

 

Macintosh HD:Users:SD:Desktop:Screen shot 2011-02-18 at 2.54.57 PM.png

 

 


3.    Right-click the phrase �Strategy3� in the strategy box and select your exit signal type (your options are New Long Exit or New Short Exit ).

 

*Note: the exit type must match your entry, i.e. � a long entry requires a long exit�etc.

 

 

Macintosh HD:Users:SD:Desktop:Screen shot 2011-02-18 at 2.55.40 PM.png

 

 

4.    Below is how your exit signal should appear.

 

 

Macintosh HD:Users:SD:Desktop:Screen shot 2011-02-18 at 2.55.50 PM.png

 

 


5.    Right click the �at Market� condition in the signal area and select �Delete.� By removing the �at Market� condition, we are telling QC that we would like to exit the market at our S/L or TP rather than at the open of a bar.

 

 

Macintosh HD:Users:SD:Desktop:Screen shot 2011-02-18 at 2.56.06 PM.png

 

 

6.    Press the �Show Signal Conditions� button in the Categories area.

 

 

 

 

7.    Select the drop-down box to the immediate right of the Show Signal Conditions button (directly over the conditions), and narrow down the conditions available by selecting the your specific exit type (either Long Exit or Short Exit).

 

 

Macintosh HD:Users:SD:Desktop:Screen shot 2011-02-18 at 2.56.44 PM.png

 

 

8.    Press the check box to the left of the stop condition you would like. For this example, the selection is �at [Amount] Points Stop.�

 

 

Macintosh HD:Users:SD:Desktop:Screen shot 2011-02-18 at 2.57.03 PM.png

 

 

9.    Press the check box to the left of the target condition you would like. For this example, the selection is �at [Amount] Points Target.�

 

 

Macintosh HD:Users:SD:Desktop:Screen shot 2011-02-18 at 2.57.13 PM.png

 

 

10. Drag both conditions and drop them onto the �Or� operator in the signal area of Strategy3.

 

 

 

 


11. Below is an example of how your signal area should now appear.

 

 

Macintosh HD:Users:SD:Desktop:Screen shot 2011-02-18 at 2.57.48 PM.png

 

 

12. Select your stop condition (this will highlight the condition in blue) and view the Properties box on the far-left of the screen. Change the number in the �Amount� section to the point/pip amount that you would like to exit the trade at if your initial exit condition does not occur first.

 

*Note � Because the Foreign Exchange Market is traded in pips, you will need to adjust your point denominations accordingly (i.e. 10 pips = .0010).

 

 

Macintosh HD:Users:SD:Desktop:Screen shot 2011-02-18 at 2.58.03 PM.png

 


13. Select your target condition and view the Properties box on the far-left of the screen. Change the number in the �Amount� section to the point/pip amount that you would like to exit the trade at if your initial exit condition does not occur first.

 

*Note � Because the Foreign Exchange Market is traded in pips, you will need to adjust your point denominations accordingly (i.e. 10 pips = .0010).

 

 

Macintosh HD:Users:SD:Desktop:Screen shot 2011-02-18 at 2.58.21 PM.png

 

 

14. Below is an example of how your signal area should appear.

 

 

Macintosh HD:Users:SD:Desktop:Screen shot 2011-02-18 at 2.59.01 PM.png

 

 

15. Now press the �Apply� button on the upper right hand side of the strategy box.

 

 

Macintosh HD:Users:SD:Desktop:Screen shot 2011-02-17 at 10.48.41 AM.png


16. All of you entries and exits will be displayed as trades highlighted on the chart.

 

 

Macintosh HD:Users:SD:Desktop:Screen shot 2011-02-17 at 5.43.20 PM.png

 

 

17. To view how your system has performed historically, click the �Performance� tab in the middle, left-hand side of the screen (just below the chart).

 

 

Macintosh HD:Users:SD:Desktop:Screen shot 2011-02-17 at 6.33.07 PM.png

 

 

18. After clicking the performance tab, the Performance Report will appear revealing to you how your system has performed historically.

 

 

Macintosh HD:Users:SD:Desktop:Screen shot 2011-02-18 at 2.59.29 PM.png

For additional tutorials, please visit our web site at http://www.quantumcharts.com and click on the "support" link, or click here.

 

If you encounter any difficulty, please feel free to contact us at immediately.

 

Technical and Software Support:

support@QuantumCharts.com

 

Other Inquires:

info@QuantumCharts.com

 

We appreciate your purchase of Quantum Charts and hope to continue serving you in your market forecasting needs for many years to come.