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SignalRadar shows live trades being executed by various trading strategies.
The live trades are organized in tables.
When moving the mouse over the Range column, mini charts pop up. The mini charts show the evolution of the profit (loss) of the position.
The live trades are also visible in the charts. You can see the entry point, the entry price, the stop loss and the profit target.
SignalRadar is available in NanoTrader Full, NanoTrader Free, as a web version and as an app.
The main SignalRadar benefits...
SignalRadar is FREE and offers majors benefits to traders and active investors.
These are four examples of how you can find live trades to jump on:
1. Focus on one trading strategy. More than 10 strategies are available.
2. Focus on a combination of strategies. Look for instruments which are being traded by several strategies in the same direction, at the same time.
3. Focus on the big picture. Open many radar tables. When trades start popping up, you can see which instruments are being traded in which direction.
4. Focus on the result of the trade. Look for trades with a profit chart which moves consistently towards the profit target.
These tables are currently available:
|Table name||Instruments||Strategies in table||Day trading||Swing trading|
|Returns to Trend||Indices, forex||3||Free|
|Synchro Futures||Indices, forex, commodities||6||Free|
|AS Morning Break Out||Stocks||1||-||Free|
|Expander||Stocks, indices, forex||1||Store|
|WL 0800||Indices, forex||1||-||Store|
|Markttechnik||Stocks, indices, forex||1||Store|
|Turtle Trading||Stocks, indices, commodities||1||-||Free|
In addition one radar table based on the MAD Rebound scalping strategy is available. Read the information below on scalping.
In NanoTrader Free and NanoTrader Full click on the big Synergy button. In the SignalRadar folder, double click on the tables to open them.
In NanoTrader Full you can also navigate via the WorkspaceBar. Open the SynergyTrading folder. In the SignalRadar folder, double click on the tables to open them.
You can open as many tables as you want. As a matter of fact, it is a good idea to open many tables. It gives you a very good overview of what is happening in the market. When, for example, several strategies are buying the EUR/USD, it may be an idea to consider a EUR/USD trade.
Yes, the live trades are also visible in the charts. Click on the small Synergy icon to show the trades in the charts.
Two dots means two strategies have an open position. Green indicates a long position. Red would indicate a short sell position.
The price level of a dot corresponds to the entry price.
The vertical bars indicate the candles in which the positions were opened.
Open a SignalRadar table. Open a chart (use the big "New Chart" button at the top). The top right of the table and the chart shows the intersecting circles icon. Click the icon and select the same colour for the table and the chart.
Click on any instrument in the table and the chart will change automatically.
Tip: a chart can be linked to more than one table. This is very space-efficient if you have many tables open.
Winning trades based on scalping strategies only last a few minutes or less. There is no time to jump on such trades. Losing positions remain open much longer. This gives the casual observer an unwarranted false impression.
For illustrative purposes a table based on the MAD Rebound scalping strategy is available in the SignalRadar.
To open a position, right-click the instrument you want to trade in the table. Select Buy (Signal) or Sell (Signal). Select an account. The order ticket appears. Enter an order quantity. Place the order.
Follow the steps described in the previous question. In the order ticket select "Add contingent orders". The order ticket proposes a profit target and a stop loss order which correspond to the strategy's current target and stop. Once your position is open, these orders will be activated automatically. If one order is executed, the other will be cancelled.
Important: If the strategy changes the stop or the target and you want the same stop or target, you can grab your orders by the little arrows in the chart and slide them to the new price level. NanoTrader Full users can also automate this.
Important: Some strategies close their positions at the end of the day. The time is indicated in the "Flat" columns on the information page. By clicking the 'Exit' button in the chart you close your position and can cancel all working orders on the position in one click.
Yes, third parties can publish in SignalRadar. The table can be offered for free or sold via the store. Contact us if you have questions.