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OmniTrader 2007

  

The methodology behind OmniTrader is rather simple, it makes evaluations based upon a series of observations. These observations are inherent in every market and is the basis of OmniTrader's functionality:

1. Each security has a personality.
Every security has price action, prices move either up or down or consolidate sideways. Over time the price action of a security will exhibit a certain personality which can be identified.

OmniTrader picture

Now, imagine that you knew which trading systems worked best with each type of market personality. You would have a significant advantage over other traders, you would simply trade those systems which performed the best for each securities personality. This brings us to observation number 2.

2. Trading Systems can be suited to particular personalities.
You can always find trading systems for sale. There is nothing stopping you from doing a quick internet search on "trading systems" to find hundreds of sites selling trading systems which claim amazing profits.

Don't be fooled by these claims, it is well known that certain trading systems will perform better in different market conditions. An old saying "All ships rise during a rising tide" may falsely boost a trading systems results when in fact the market as a whole was performing well.

As an example, with the internet boom of the late 1990's the market was reaching new highs everyday, it just didn't seem like it would ever stop, such is a boom. During the boom it was hard not too make money, many newcomers to the trading arena started trading with good results because (unbeknownst to themselves) the entire market was making new records everyday.

Gathering false confidence, many of these "new" traders took risks and trades at the top of the boom only to lose the majority of it after the boom ended. This brings us to observation number 3.

3. Personalities change and you need to keep up.
Personalities and markets change all the time. Markets or securities may trend for an extended periods and then change into a consolidation phase, moving sideways without any direction. As a trader it would be ideal to identify each change in personality and trade those systems which are best suited to the particular personality right at this very moment.

Now is when you trade, not in the past. With this in mind can you assess the personality of each security in order to make a trading decision tomorrow? Not very easily. OmniTrader automates the whole process. Read on the learn more about using this methodology to beat the market.
 
 
  Designed to find the perfect buy and sell candidates  
 

Every aspect of OmniTrader is designed to search for the optimal buy and sell signals for each security. If you feel as though you could trade comfortably with 1 trading system, what about trading with over 120! OmniTrader uses an Adaptive Reasoning Modelä to test each security and determine the personality type and best performing trading systems, the buy and sell signals are then generated based upon a consensus signal from these systems.

Sounds complex but its not, it uses a variation of the "top-down" approach to filter and then score securities based upon their best performing trading systems.

 
     
     
Trade with over 120 fully customisable trading systems all designed to
provide the most optimum buy and sell signals.
 
 
 
  An actual example  
 

Sometimes its easier to show a real life example of how OmniTrader works. The following is a chart of CEG on the Australian Stock Exchange (ASX) between the 5th of June to the 6th of October 2004. OmniTrader has identified the most suited trading systems based upon the personality of CEG, each trading system is shown at the bottom of the chart along with a voting line.

  
OmniTrader Screenshot

OmniTrader generates consensus buy and sell signals based upon the trading systems included in the analysis. For our example three trades have been identified:

1.
ENTRY: Long (23 June 2004) enter next bar at $1.10.
EXIT: (7 September 2004) exit next bar at $1.58.
RESULT: 43% Profit

2.
ENTRY: Short (7 September 2004) enter next bar at $1.58.
EXIT: (29 September2004) exit next bar at $1.41.
RESULT: 10% Profit

3.
ENTRY: Long (29 September 2004) enter next bar at $1.41.
EXIT: Trade still open at time of review

Of course you are free to change every single parameter to suit your own trading style, you could exclude short trades or choose to only include short trades, the possibilities are endless.

Every aspect of OmniTrader is customisable. You can tweak and tune individual trading systems to generate buy and sell signals based upon your own criteria. For example, every trading system (over 120) has individual settings which can be changed to suit your own trading style. The level of flexibility available is vast even for the most serious traders.

 
 
Click here to download PDF article
 OmniTrader 2005 - Advancing the State of the Art (1,191KB)  

 

 

Author:

Ed Downs
Date: Fall 2004
Synopsis:

Read all about OmniTrader 2005 which has been released. OmniTrader 2005 has been enhanced with new features that help traders confirm their trades and make more money.
Complexity: Beginner
 
 
  Pattern recognition & voting drill down  
 

OmniTrader provides an easy platform by which anyone can learn more about technical analysis. This provides the added advantage that as you use the software more you are learning more about technical analysis.

The picture shown on the right is a detailed view of the "BUY" signal generated for CEG (our example shown above) on the 29 September 2004.

Using this analysis technique you can drill-down and view how the consensus vote was constructed for any day you nominate on the voting line.

So you won't be worried about how OmniTrader generates buy and sell signals, it is not a "black box" system.

OmniTrader is what we call a "grey box" system. It is transparent enough for anyone to view the construction of each buy and sell signal as they occur and provides the ability to tune and tweak every single parameter to suit individual needs.

OmniTrader is the only software designed to help you make money no matter what the market is doing!

  
Voting DrillDown Picture
  
 

Technical analysis is made even easier with the help of the OmniTrader assistant. Designed to identify patterns within the security price plot it provides an easy way for you to learn more about the skillful art of pattern recognition. Shown below is an example of a pattern recognition notification.

 

Pattern Recognition Picture

    
     
 
 
  Feature rich, designed to make the trading process easier  
 

OmniTrader is a powerful tool that makes the entire process of security selection and security analysis easy for any trader. No matter what skill level you have as a trader, OmniTrader provides enough features to enable you to trade with a more disciplined approach to the market. In the knowledge base section of this website we indicated a quick checklist of stock analysis software, the results for OmniTrader are:

tick symbol Does it support a wide range of chart types?
OmniTrader by default generates candle charts, these charts include all available price data (open, high, low, close and volume).

tick symbol What kind of database does it use?
OmniTrader can read data from online vendors or it can read from an existing database of security information in MetaStock format.

tick symbol Is historical data readily available for the database format?
Yes, purchase MetaStock format data as it is fully compatible with OmniTrader.

tick symbol How can the price data get updated?
Price data can be updated by an online data vendor or any other end of day means, i.e. textfile.

tick symbol All in one analysis packages?
OmniTrader is charting software designed to assist traders make buy and sell decisions.

tick symbol Does the software have its own programming language?
Although you are free to customise every parameter of every trading system it does not come with a fully equipped programming language. You can purchase a developer kit which provides the ability to program custom trading systems and indicators. The language for the developer kit is Visual Basic. For more details regarding this please follow the link below.

  
     
Click on the link below to learn more about this automated, advanced
charting analysis software.
 
 
 
  Risk Free  
 

OmniTrader comes with a full 30 day money back guarantee, this makes OmniTrader 100% risk free.

To learn more or to purchase OmniTrader with the risk free guarantee just click on the link below.

Risk Free Guarantee
  
[Click here to learn more about OmniTrader]

     
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