Universal Trend Detection System (UNITRDES)


"Never miss a trend again"
(developed by Professional Software Solutions - 35+ years software development)


Copyright
ã 2004-2014 by Burkhard Eichberger. All rights reserved.
No part of this book may be reproduced in any form or by any electronic or
mechanical means including information storage and retrieval systems
without permission in writing from the author (pss@poboxm)
(UNITRDES Version 1.4)


TABLE OF CONTENTS

Universal Trend Detection System (UNITRDES) - Overview. 3

Installation. 3

Trial Period. 3

Download. 4

Setup. 5

Tradestation Import 7

Opening your first Trend Sample. 8

What is a Trend?. 10

Universal Trend Detection - Sample Charts. 11

Downloading sample workspaces. 11

GOOG Stock 30Minute Intraday Sample (GOOG_I30) 12

AAPL Stock 30Minute Intraday Sample (AAPL_I30) 12

USO ETF Daily Sample1 (USO_D1) 14

SPY ETF Daily Sample (SPY_D) 14

XLF ETF 15Minute Intraday Sample (XLF_I15) 16

FOREX EURUSD 30Min Intraday Sample (EUR_I30) 17

ES SP500 eMini Futures 5Minute Intraday Sample (ES_I5) 18

Euro Futures 5Minute Intraday Sample (EC_I5) 19

EC Futures 15Minute Intraday Sample (EC_I15) 20

Crude Oil Mini Futures 5Minute Intraday Sample (QM_I5) 21

10Year Treasury Futures 5Minute Intraday Sample (TY_I5) 21

USO ETF Daily Sample2 (USO_D2) 22

Trend Scope Parameter (UTScope) 23

Trend Strength Detection (Trend Stages) 23

Trend Sensitivity Parameter (UTStep) 23

Core Trend Parameters. 24

Core Trend Parameters. 24

Trend Coloring in real-time. 25

How to add trend coloring to your chart (PaintBar) 26

Trend Color Parameters. 27

How to add the automated Trend Strategy to your chart 28

Trend Strategy specific Parameters. 31

Backtesting the Universal Trend Detection System.. 32

Entering your test range(s) 32

Start Optimization. 32

Syncronizing new Parameter with PaintBar and Indicator 34

Suggested Core Parameter Ranges. 35

Suggested secondary trading Parameter Ranges. 36

Genetic Backtesting. 37

Trend Indicators. 38

Trend Indicator Styles. 39

Requirements. 40

Uninstalling UNITRDES. 40

Viewing internal Values – Commentary Box. 40

Registration & Licensing. 41

EasyLanguage Code. 43

PaintBar Study (UT_Bars) Below is the code for the PaintBar Study (UT_Bars): Inputs: 43

Automated Trading Strategy (UT_TRD) 44

Trend Indicators (UT_Trend) 45

Other Professional Software Solutions (PSS) Products. 46

Diamond Backtesting and Walk-Forward-Backtesting Manager (BTWFMgr) 46

Backtesting Sequence and Automation Manager 48

Trading Performance Analyzer 50

Other Indicators and Products. 51

Disclaimer 52

 


Universal Trend Detection System (UNITRDES) - Overview

Welcome to the powerful new “Universal Trend Detection system (UNITRDES)“,

which can assist you in detecting a trend and improve your trading in the following ways:

 

UNITRDES is truly universal and can be used and applied to:


All parameters are easily adjustable for best performance in your market – details below.

Here is an example of the power of the UNITRDES trading system – using the Oil ETF(USO)
over the last  2.5 years – it gained 178% in 2 long and 2 short trades:



UNITRDES is using advanced proprietary statistical models and has been developed by “Professional Software Solutions (PSS)” which extensive 30+ years software development experience.
Check for updates and new versions at http://www.ProfSoftware.com/trend

 

Installation

The installation is easily completed within a few mionutes.

Trial Period

You can try the “Universal Trend Detection (UNITRDES)” for free for 14 days!

Download

Download and install from: www.profsoftware.com/trend/dl.htm

Close tradestation before you start the installation, so the files are not “occupied” and the install fails.

 The internet browser will show the download box- click on the RUN button:

You will see the progress of the download …


When the download has completed – confirm the installation: Click on the RUN button



Setup

After a few seconds the actual installation will start - click on the NEXT button

 

Confirm the location - click the NEXT button:


Confirm the Program Folder name - click the NEXT button:

 

Confirm the settings - click again the NEXT button

and UNITRDES will be finally installed … showing you the progress



When the installation is completed – click on the FINISH button - to start the TradeStation logic import


Tradestation Import

Login to TradeStation (unless already open) and confirm the UNITRDES logic import – click on NEXT
 




Confirm the import module list – click on FINISH:

Opening your first Trend Sample

Now you can open the first UNITRDES Sample file.

Click on Start/Programs and find the new “Universal Trend Detection (UNITRDES)” entry
then select your sample - for example the “USO Oil Daily Sample1”:
(If you do not have the appropriate datafeed – then select a different sample)

as soon as the data has loaded - you should see the one time trial confirmation – click OK:

 



And the USO Daily Sample1 chart should appear:

 

 

Now you are ready to use the “Universal Trend Detection (UNITRDES)” system.




What is a Trend?

Here is the definition from Wikipedia - http://en.wikipedia.org/wiki/Market_trends
“Market trends are described as sustained movements in market prices over a period of time.”

The “Universal Trend Detection (UNITRDES)” allows you to detect a trend in real-time.
You can customize the “period of time” with the UTScope parameter - as the number of bars to be used.
You can customize also the detection of the “sustained movement” with the UTStep parameter – see below.

 

A trend movement is rarely completely smooth and unchallenged.
Usually the trend will experience a secondary counter trend, before it resumes again.

Finally the trend will have exhausted itself and either transition into a neutral sideways period
or a new counter trend will start. As you can see a “trend” is not a very precise mathematical formula,
that’s why we give you several parameters to adjust the trend detection to your preverences – see below!

 

Here is an example (USO Oil July to Oct 2007):

 

The “period of time” used here is 40 bars (UTScope=40) and strong sensitivity (UTStep=80)

 


 

Universal Trend Detection - Sample Charts

We have provides several chart samples for the different markets and timeframes to demonstrate the power and versatility of the “Universal Trend Detection System”.
Each sample can be accessed from the menu: Start/Programs/Universal Trend Detection:

Or downloaded from: http://profsoftware.com/trend/home.htm#Samples

Downloading sample workspaces

Click on the links below (after you install UNITRDES) to open the sample workspces:
GOOG Stock 30Minute Intraday Sample

AAPL Stock 30Minute Intraday Sample (AAPL_I30)

USO ETF Daily Sample1 (USO_D1)

SPY ETF Daily Sample (SPY_D)

XLF ETF 15Minute Intraday Sample (XLF_I15)

FOREX EURUSD 30Min Intraday Sample (EUR_I30)

ES SP500 eMini Futures 5Minute Intraday Sample (ES_I5)

Euro Futures 3Minute Intraday Sample (EC_I5)

EC Futures 15Minute Intraday Sample (EC_I15)

Crude3 Oil Mini Futures 5Minute Intraday Sample (QM_I5)

10Year Treasury Futures 5Minute Intraday Sample (TY_I5)

USO ETF Daily Sample2 (USO_D2)

DISCLAIMER:

Futures, stocks, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, stocks, and forex markets. Don't trade with money you can't afford to lose. This system is neither a solicitation nor an offer to Buy/Sell futures, stocks or forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those presented here.
Past performance of indicators or methodology are not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.


GOOG Stock 30Minute Intraday Sample (GOOG_I30)

Loads 12,001 bars from July 31st, 2009:
Parameter: Scope=45, Smooth=3, Recent=-8, Step=50, CloseFac=100, Entry=3, Exit=3, Tar=550


Performance:

AAPL Stock 30Minute Intraday Sample (AAPL_I30)

Loads 12,001 bars from July 31st, 2009:
Parameter: Scope=160, Smooth=1, Recent=-10, Step=60, CloseFac=100, Entry=3, Exit=2, Tar=500
 
Performance:


USO ETF Daily Sample1 (USO_D1)

Loads 4 years from July, 2009 and trades more frequently:
Parameter: Scope=40, Smooth=1, Recent=2, Step=80, CloseFac=100, Entry=2, Exit=3, Tar=0


Performance:

SPY ETF Daily Sample (SPY_D)

Loads Oct 2003 to July, 2009 and trades on major trend changes:
Parameter: Scope=200, Smooth=1, Recent=10, Step=115, CloseFac=100, Entry=2, Exit=2, Tar=0

Performance:


XLF ETF 15Minute Intraday Sample (XLF_I15)

Loads 10,001 bars from July 16th, 2009:

Parameter: Scope=30, Smooth=3, Recent=2, Step=40, CloseFac=100, Entry=2, Exit=2, Tar=500

In this sample we used a custom ColorNeutral:

To view the equity curve of this(any) chart – click on View/Strategy Performance Report:


FOREX EURUSD 30Min Intraday Sample (EUR_I30)

Loads Oct 2008 to June 6th, 2009:
Parameter: Scope=100, Smooth=1, Recent=-10, Step=120, CloseFac=100, Entry=3, Exit=8, Tar=220

Performance:



ES SP500 eMini Futures 5Minute Intraday Sample (ES_I5)

Loads 10,000 bars from July 18th, 2009:

Parameter: Scope=100, Smooth=3, Recent=-10, Step=80, CloseFac=200, Entry=2, Exit=6, Tar=400

Performance:



Euro Futures 5Minute Intraday Sample (EC_I5)

Loads 12,001 bars from July 31st, 2009:
Parameter: Scope=60, Smooth=1, Recent=-10, Step=140, CloseFac=100, Entry=2, Exit=3, Tar=500


Performance:



EC Futures 15Minute Intraday Sample (EC_I15)

Loads 10,001 bars from July 31st, 2009:
Parameter: Scope=60, Smooth=3, Recent=-6, Step=24, CloseFac=100, Entry=2, Exit=3, Tar=400

Performance:


Crude Oil Mini Futures 5Minute Intraday Sample (QM_I5)

Loads 12,001 bars from Aug 2nd, 2009:
Parameter: Scope=40, Smooth=1, Recent=-9, Step=160, CloseFac=100, Entry=3, Exit=4, Tar=350

Performance:


10Year Treasury Futures 5Minute Intraday Sample (TY_I5)

Loads 12,001 bars from July 31st, 2009:
Parameter: Scope=100, Smooth=1, Recent=-11, Step=140, CloseFac=100, Entry=3, Exit=3, Tar=350

Performance:


USO ETF Daily Sample2 (USO_D2)

Loads 4 years from July, 2009 and trades on major trend changes:

Parameter: Scope=120, Smooth=2, Recent=9, Step=40, CloseFac=100, Entry=2, Exit=2, Tar=0

Performance:

 

 


Trend Scope Parameter (UTScope)

In order to detect a trend the system has to “look back” a certain period of time (number of bars)!
UNITRDES allows you to adjust this period with the “UTScope” parameter.
The range of the scope is usually between 20 and 200 bars.
Short periods (less than 40 bars) react very quickly, but can give a few “false alarms”, while
long periods (more than 80 bars) take some time to respond, but than the trend is usually “more solid”.

 

Trend Strength Detection (Trend Stages)

The system can detect not only the trend direction, but also the STRENGTH of the trend!
It will “grade” the strength of the trend between 1(weak) and 5(very strong);
just like the speed in a car relates to the gear you are driving:
 

Up trends are indicated with the positive stages (+1 to +5) - down trends with the negative stages (-1 to –5):

Grade

Trend

Strength

+5

Up

Very strong up trend (max up strength grade limited to +5)

+3, +4

Up

Strong up trend

+2, +1

Up

Slight – possible start of an up trend

0

Neutral

No trend yet detected

-2, -1

Down

Slight – possible start of a down trend

-4, -3

Down

Strong down trend

-5

Down

Very strong down trend (max down strength grade limited to –5)

Giving you a total of 11 stages (5 + 1 + 5).
You can adjust the sensitivity – how easy or hesitant – it notches up and down
the 11 trend grades shown above - with the UTStep parameter.
You can see the strength in the “Trend Indicator” and with the depth of the color in the painted bar color.

Trend Sensitivity Parameter (UTStep)

This sensitivity parameter allows you to adjust how quick the system will transition
from neutral to the up (or down) trend stages.
The range of the sensitivity is usually between 20 and 200, which 20 being VERY sensitive and 200 needing a lot of confirmation.




Core Trend Parameters

The following parameters are identical to all three UNITRDES modules:

 

They can easily be adjusted for best performance in your specific market and timeframe.
UNITRDES is using advanced proprietary statistical models to detect trends,
but keeps the implementation as simple as possible, since usually in trading “simple is better”.
UNITRDES will apply its calculations and statistics to the “lookback” period you define.
For example period of 50 (UTScope=50) would use the last 50 bars back from the current bar.

The general UNITRDES parameter are:

Name

Default

Description

Range

UTScope

40

Defines the “scope” of the lookback range:
how many bars back is UNITRDES considering in the calculations

3…999

UTSmooth

1

Defines the how much smoothing should be applied:

Value

Effect

Description

1

no smoothing

fast response, but maybe signals too early

2,3

slight smoothing

good response

4+

stronger smoothing

best signals with some delay

1…99

UTRecent

2

Defines how much emphasis is on the most recent data
within the lookback range defined in UTScope:

Value

Description

+10

strong emphasis on the most recent bars in the lookback range

+4

Slight emphasis on the most recent bars in the lookback range

-10

strong emphasis on the earlier bars in the lookback range

-20…+20

UTStep

80

Defines the sensitivity to notch up and down the trend grades:

Value

Description

20

Very sensitive – very “trigger happy” to notch up and down the scale

40

Fairly sensitive to trend changes

60

Medium sensitive to trend changes

80

Needs some significant strength to notch up and down the grades

200

Needs a lot of strength to notch up and down

20…999

UTCloseFac

100

Defines how much emphasis is given to the closing price of the last bar:

Value

Description

0

Closing price is not considered

50

Closing price is considered 50%

100

Closing price is considered with equally measure

200

Closing price is considered with double measure

900

Almost exclusively the closing price is considered

0…999

 

 



 


Trend Coloring in real-time

The “Universal Trend Detection (UNITRDES)“ responds in real-time instantly to trend changes!
We are using an intuitive and continuous coloring scheme to show you the trend.
You can customize the colors to your preference:

·         Green (trend up)

·         Red (trend down)

·         Yellow (no trend – neutral, sideway)

Here is an example of the smooth continuous color transitions between the color “corner stones”:


Of cause you can change the color preferences!
In the example below -we changed the color for the neutral trend from yellow to blue:


 


How to add trend coloring to your chart (PaintBar)

To add the “Universal Trend Detection (UNITRDES)“ color module to your chart:


Trend Color Parameters

You can use any of the predefined colors available:

Name

RGB Value

Number

Black

0

1

Blue

16711680

2

Cyan

16776960

3

Green

65280

4

Magenta

16711935

5

Red

255

6

Yellow

65535

7

White

16777215

8

DarkBlue

8388608

9

DarkCyan

8421376

10

DarkGreen

32768

11

DarkMagenta

8388736

12

DarkRed

128

13

DarkBrown

32896

14

DarkGray

8421504

15

LightGray

12632256

16

You can also define your own custom color using the Red/Green/Blue components:
 RGB(0,255,0) means 0=Red, 255=Green, 0=Blue
To find the RGB values for your colors open “Paint: - Start/Run enter “mspaint” and click on ENTER

Then click on Colors/Edit Colors and the color editing tool appears – click on “Define Custom Color”:

In this example:
Red=64, green=128, blue=128 - Enter RGB(64,128,128) in the value column:
 

 


How to add the automated Trend Strategy to your chart

The “Universal Trend Detection system (UNITRDES)“ also contains an automated trading system

You can customize to your objectives, trading style, market and timeframe.

To add the “Universal Trend Detection system (UNITRDES)“ strategy to your chart:

Open your chart or create a new chart (USO – Daily – 4 Years back)

Select  Insert/Strategy

Scroll down – click on UT_TRD – and click on OK.
(check the “Prompt for Format” box)

Enter your general Strategy parameter – click on “Properties for all”

Enter the appropriate commission per trade or share etc – then click OK:
(For stocks/ETF’s set the trading amount o $10000 and the rounding to 1 share)

Click on Format to set the strategy parameters as shown below – and click OK:
:

To activate the strategy finally click CLOSE – and you should see the signals in the chart:

You can customize the way the trades signals are shown:
Just right click on the chart and select “Format Strategies”:

Then click on FORMAT and click on the Entries or Exit TAB and
customize the settings how to show the entries and exits etc:

 


Trend Strategy specific Parameters

The “Universal Trend Detection system (UNITRDES)“ strategy contains the of caue the core parameter – see above – plus the additional trading related parameter shown below:

Name

Default

Description

Range

EntryGrade

2

Defines how quickly the entry is triggered:
Here you have a trade-off between being early and getting too many signals
and being late, but catching a strong trend.
The UTStep is closely related, since it defines how fast/slow
 we reach the higher trend grades.

Value

Description

1

fast response, but maybe signals too early

2,3

good medium response

4,5

Slow response - when the trend is strongest

1…5

ExitAge

3

Defines the how many bars to wait of the opposite trend:

Value

Description

1

fast response, but maybe exits too early

2,3

good response, some confirmation but not too early

4+

Avoids too early exits, but might give back some profit

1…99

TargetAmount

0

Defines the (optional) amount to exit with a gain – per trade:
this can be very helpful to capture a good profit before the trend fades out!

Value

Description

0

No target exit – disabled

200

Exit when $200 profit is reached

400

Exit when $400 profit is reached etc

0, 1…

StopAmount

0

Defines the (optional) amount to exit with a loss– per trade:

Value

Description

0

No stop out exit – disabled

200

Exit when $200 loss is reached

400

Exit when $400 loss is reached etc

0, 1…

TrailAmount

0

Defines the (optional) trailing stop amount to exit with a loss– per trade:

Value

Description

0

No trailing stop out exit – disabled

200

Exit when $200 trailing stop is reached

400

Exit when $400 trailing stop is reached etc

0, 1…

ExitDayEnd

0

Defines the (optional) switch if to exit at the end of the day/session:

Value

Description

0

No exit at the end of the day/session – disabled

1

Exit at the end of the day/session – enabled

0, 1

TxtID

"TRD"

Text parameter for the case if you want to run several instances
of the UT_TRD strategy in the same chart/symbol/timeframe.
For example if you want to use different parameters for Longs/Shorts:
For the “long only strategy – turn OFF the Short/Cover option and set txtID(“L”)
For the “short only strategy – turn OFF the Buy/Sell option and set txtID(“S”):

txtID is use internally to being able to create different sets
in case you “duplicate” strategies in the SAME market./timeframe.

 

 


Backtesting the Universal Trend Detection System

You can easily identify the best UNITRDES trend and trading parameters,
this is called “backtesting” or “optimizing” your automated trading strategy.

Entering your test range(s)

Click on the FORMAT button in the strategy window.

Then click on the value you would like to “test”/optimize – for example TargetAmount.

Then click on the OPTIMIZE button and enter the testing range - $0 to $600 in $50 increments:

Tradestation will show you the entered test values:

 

You can repeat this process for as many parameter you like – watch that you don’t get too many tests!

Start Optimization

Then click on the “Optimize” button in the main strategy box, which will start the calculations:

This process can take a few seconds or several hours,
depending on the a) number of tests, b) number of bars in the chart and c) UTScope parameter.

When the backtest has completed – the chart will refresh with the best result.

Backtesting is an excellent tool to “what if” test your strategy and settings,
but watch out not to “curve fit” and “over optimize” and expect that same performance in the future.
There are many books and approaches available on this complex topic.




To see the results and equity graph (and many other statistics) click on the button in the toolbar:
(or click on View/Strategy Performance Report)


Click on the “Performance Graph” and you should see the equity curve:

 


You can also see the result for each test – click on the report button in thetoolbar:

Which will display the result spreadsheet:

showing that no target (TargetAmpount=0) is indeed the best result for this particular chart.

 

Syncronizing new Parameter with PaintBar and Indicator

After you have backtested and possibly changed some the core UNITRDES parameter,

Remember to “synchronize” these parameter in the UT_Bars paintbar study (if used).
Just right click on the bars and select “Format UT_Bars”:


Also “synchronize”  the UT_Trend indicator (if used in chart).
Just right click anywhere on the chart background and select “Format Analysis Techniques”

Then click on the UT_Trend Indicator and click on FORMAT and adjust the parameters




Suggested Core Parameter Ranges

Each change of a strategy parameter usually has an effect on the result.
Below we are listing each “Universal Trend Detection system (UNITRDES)” strategy trading parameter with their suggested backtesting range:

Name

Range

Increment

Tests

Impact

Description

UTScope

20…200

20

10

Strong

Lookback period to calculate

UTSmooth

1…4

1

4

Medium

Smoothing trend changes

UTStep

40…200

40

5

Strong

Sensitivity to price changes

UTRecent

-10…+10

2

11

Strong

Emphasis on last prices

UTCloseFac

0…300

100

4

Slight

Emphasis on last closing price

 

 

 

8,800

 

Total test

We suggest first backtesting these UT parameter with EntryGrade=2, ExitAge=3 and the rest 0:
 

This results in 8,800 tests.

 


Suggested secondary trading Parameter Ranges

Then backtest the remaining strategy parameters:

Name

Range

Increment

Tests

Impact

Description

EntryGrade

2…4

1

3

Strong

Required trend strength to enter

ExitAge

1…4

1

4

Strong

Required opposing trend duration for exit

TargetAmount

0…600

200

4

Strong

When/if to take a profit

StopAmount

0…600

200

4

Strong

When/if to use a fixed stop loss

TrailAmount

0…600

200

4

Strong

When/if to use a trailing stop loss

ExitDayEnd

0,1

1

2

Medium

When/if to exit at the end of day/session

 

 

 

1,536

 

Total tests

 

This results in 1,536 tests.

 


Genetic Backtesting

Tradestation offers a new powerful backtesting method using a “genetic algorithm” (Version 8.5 and later).

For more details go to: https://www.tradestation.com/support/whats_new/build2274.aspx

And click on “New Optimization Method Using Genetic Algorithm”

This new “genetic algorithm” allows you to test a much larger number of parameters and ranges

then the usual exhaustive backest!

Then you could test all the main parameter together:

Name

Range

Increment

Tests

Impact

Description

UTScope

20…200

20

10

Strong

Lookback period to calculate

UTSmooth

1…4

1

4

Medium

Smoothing trend changes

UTStep

40…200

40

5

Strong

Sensitivity to price changes

UTRecent

-10…+10

2

11

Strong

Emphasis on last prices

EntryGrade

2…4

1

3

Strong

Required trend strength to enter

ExitAge

1…4

1

4

Strong

Required opposing trend duration for exit

TargetAmount

0…600

200

4

Strong

When/if to take a profit

 

 

 

105,600

 

Total exhaustive tests

This would result in 105,600 test runs:


Switch to the smart “Genetic backtesting”:


You can either enter the genetic parameters shown above – or click on the SUGGEST button,
to have TradeStation provide some reasonable genetic parameter.

 


Trend Indicators

The “Universal Trend Detection (UNITRDES)” offers also several indicators,
so that beside the bar coloring you can see also more exactly the trend changes.
Let’s open the “USO Oil Daily Sample1”
Click on Start/Programs and “Universal Trend Detection (UNITRDES)” then select the ““USO Oil Daily Sample1”

The USO Oil chart will open with the additional indicator track at the bottom:
By default UT_Trend with the trend strength/grade, oscillating between +5(strong up) 0=neutral and –5(strong down).
You can see the neutral(yellow) zones and the extreme –5 zone on Oct 2008.


Now we switch to show instead the age of the trend – right click on the indicator bars and select Format UTD_Trend:

Change the UTStyle from 1 to 3:

 

Which will show you the age of the trend – which is used in the automated strategy to avoid a tiny countermove to exit:

 

Trend Indicator Styles

The following Indicator styles (UTStyle) are available:

Value

Description

1

Show the trend grades (between –5, 0 and +5)

2

Show the unclipped trend grades

3

Show the trend age in number of bars

4

Show the basic trend direction –1=down, 0=neutral, +1=up




Requirements

The “Universal Trend Detection (UNITRDES)” is compatible with TradeStation version 8.3 and above.
Since it is an add-on to tradestation, its (minimum) requirements are identical to TradeStation’s requirements:
Processor: Single-core Intel® or AMD® processor at 1.5 GHz or faster, Memory (RAM): 2 GB,
Hard Drive: 300 MB free space 5400 RPM drive,Video Card(s): 16-bit graphics support 64 MB for a single monitor,
Screen Resolution 1024x768 pixels, Operating Systems: Windows® XP, Windows Vista®
Internet Connection: Broadband Connection 1.5 Mbps or better

Uninstalling UNITRDES

Close Tradestation, so UNITRDES are not “occupied”.
Then go to Start/Settings/Control Panel/Programs and Features.
Then scroll down to “Universal Trend Detection System (UNITRDES)”
Right click and select “Uninstall”
After a few seconds the “Universal Trend Detection System (UNITRDES)” will be unistalled.

Viewing internal Values – Commentary Box

You can easily view all the internal values for any bar in your chart using the commentary feature:

Click on View/Analysis Commentary in Tradestation – then click on the bar you want to view.

Example: In the “USO Sample1” click on the 10/17/2008 bar and you should see the details for that bar:

Grade=-4(-4.90) Dir=-1 TrendAge=15

 

USO Daily [ARCX] United States Oil Fund LP-10/17/2008

Strategy (Strategy):

Bar#587 Close=59.37000 High=61.10000 Low=57.66000

Pos=-1 PosAge=58 Left=100 Entry=99.80000 ExitAge=61

Grade=-4(-4.90) Dir=-1 TrendAge=15

Scope=40 Smooth=1 Recent=2.0 Step=80 CloseFac=100 1.3a

UT_Trend (Indicator):

Grade=-4(-4.90) Dir=-1 TrendAge=15
Scope=40 Smooth=1 Recent=2.0 Step=80 CloseFac=100 1.3a

 

 

 


Registration & Licensing

The “Universal Trend Detection (UNITRDES)” license is attached to each unique Tradestation customer ID.

You can use the SAME UNITRDES license on several machines, if you use the same Tradestation login/CustomerID.

Each different Tradestation customer ID requires a new license.

 

To see your current license status:
Click on Start/Programs/Universal Trend Detection(UNITRDES)/License Manager:

 

The current license status is shown at the top of the License Manager:

 

While the trial is running it shows: DEMO: XX Days left until MM/DD/YYYY.
When the trial has expired it shows: DEMO: -N Days left until MM/DD/YYYY.

 


After you have successfully placed your order you will receive a registration key – enter it at the bottom:

 


The License Manager will confirm your registration – click on OK:



Open the License Manager again - and you will see the new extended expiration date in the status message:
DEMO: XX Days left until MM/DD/YYYY.
Make a note of the new expiration date and submit your subscription extension in time, so you have no lapse!

 

 


EasyLanguage Code

The code to program the “Universal Trend Detection (UNITRDES)” in TradeStation is available and
can easily modified to fit your needs. All UNITRDES modules always call the core calculation module (PSS_UTC.DLL)

With it’s proprietary statistical trend detection logic.

PaintBar Study (UT_Bars)
Below is the code for the PaintBar Study (UT_Bars):
Inputs:

                UTScope(50),

                UTSmooth(1),

                UTRecent(2),

                UTStep(40),

                UTCloseFac(100),

                UTColorMax(3),

                BarWidth(2),

                ColorUp(Green),

                ColorNeutral(Yellow),

                ColorDown(Red);

Var:         txtDiag("XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX"),

                txtID(Symbol + "_BARS"),

                ret(0);

Array:     double arrVal[100](0);

{====== UT MODULE INTERFACE =========================================}

DefineDLLFunc: "PSS_UTC.DLL", float , "PSS_UTC", LPSTR, LPDOUBLE, LPSTR;

arrVal[0] = Date data1;

arrVal[1] = Time data1;

arrVal[2] = Open data1;

arrVal[3] = High data1;

arrVal[4] = Low  data1;

arrVal[5] = Close data1;

arrVal[6] = Ticks data1;

arrVal[7] = BarNumber data1;

arrVal[8] = BarInterval data1;

arrVal[9] = BarType data1;

arrVal[10] = CustomerID;

arrVal[11] = UTScope;

arrVal[12] = UTSmooth;

arrVal[14] = UTRecent;

arrVal[15] = UTStep;

arrVal[16] = GetBackgroundColor;

arrVal[17] = ColorUp;

arrVal[18] = ColorNeutral;

arrVal[19] = ColorDown;

arrVal[20] = UTCloseFac;

arrVal[21] = UTColorMax;

ret = PSS_UTC(txtID,&arrVal[0],txtDiag);

{====== PAINT BAR WITH CURRENT TREND COLOR ===========================}

IF ret > 0 THEN

                PlotPaintBar(High,Low,Open,Close,"Trend",arrVal[58],Default,BarWidth);

{====== PROCESS ERRORS ===============================================}

IF ret < -100 THEN

                RaiseRunTimeError(txtDiag);

After the input and variable section the array with the current values is filled (arrVal[]).

Then the UNITRDES calculation module is called “ret = PSS_UTC(txtID,&arrVal[0],txtDiag);”
and the result is processed – in this case a simple ”PlotPaintBar()”call with the calculated color in arrVal[58].

The UNITRDES “ret” is always positive (the bar number) unless an error occurs.

 


Automated Trading Strategy (UT_TRD)

 

The strategy has essential the same code – just the following section is added for the actual strategy:

 

nGrade = arrVal[57];

nTrendAge = arrVal[60];

{====== ENTER WHEN ENTRY GRADE HAS BEEN REACHED ======================}

IF ret > 0 THEN BEGIN

                IF nGrade >= Pos(EntryGrade) AND nGrade[1] < Pos(EntryGrade) then BEGIN

                                Buy("LE") next bar Market;

                END;

                IF nGrade <= Neg(EntryGrade) AND nGrade[1] >= Neg(EntryGrade) then BEGIN

                                SellShort("SE") next bar Market;

                END;

end;

 

{====== EXIT WHEN DIRECTION CHANGED ==================================}

IF MarketPosition > 0 AND nGrade <= -1 AND nTrendAge > ExitAge THEN

                Sell("LX") Next bar Market;

IF MarketPosition < 0 AND nGrade >=  1 AND nTrendAge > ExitAge THEN

                BuyToCover("SX") Next bar Market;

 

{====== OPTIONAL AMOUNT BASED EXITS ==================================}

IF ExitDayEnd > 0 THEN

                SetExitOnClose;                                                                  // exit at end of day/session

SetStopPosition;

IF TargetAmount > 0 THEN

                SetProfitTarget(TargetAmount);       // target/gain reached

IF StopAmount > 0 then

                SetStopLoss(StopAmount);                               // fixed stop out protection

IF TrailAmount > 0 THEN

                SetDollarTrailing(TrailAmount);       // trailing stop


As you can see the logic checks if the “EntryGrade” has been reached/crossed,

Then enters long or short a new position at the open of the next bar as a market order.

If the trend has reversed for at least the “ExitAge” number of bars the logic will exit.
If specified the strategy will also exit when the target, stop, trailing or end of day condition is hit.


Trend Indicators (UT_Trend)

 

The indicator has essential the same code – just the following section is added to display the various indicator styles:

IF ret > 0 THEN BEGIN

            nColor = ColorNeutral;

            IF arrVal[61] < 0 THEN

                        nColor = ColorDown;

            IF arrVal[61] > 0 THEN

                        nColor = ColorUp;

            IF UTStyle = 1 THEN BEGIN       // Show clipped Trend Grades -5 to +5

                        IF arrVal[57] = 0 AND arrVal[59] >= 0 THEN

                                    arrVal[57] = 0.5;

                        IF arrVal[57] = 0 AND arrVal[59] < 0 THEN

                                    arrVal[57] = -0.5;

                        Plot1(arrVal[57],"Trend",nColor);

                        Plot2(0,"Zero");

            END;

            IF UTStyle = 2 THEN BEGIN       // Show unclipped Trend Strength

                        Plot1(arrVal[59],"Trend",nColor);

                        Plot2(0,"Zero");

                        Plot3(5,"TrendMax",ColorUp);

                        Plot4(-5,"TrendMax",ColorDown);

            END;

            IF UTStyle = 3 THEN BEGIN       // Show Trend Age

                        Plot1(arrVal[60],"Trend",nColor);

                        Plot2(0,"Zero");

            END;

            IF UTStyle = 4 THEN BEGIN       // Show Direction

                        Plot1(arrVal[61],"Trend",nColor);

                        Plot2(0,"Zero");

            END;
END;


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Each software comes with a free trial, so you can always test the software on your computer before you place your order.

 

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http://www.profsoftware.com/bt  - BTWFMgr offers the following major functions:

 


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http://www.profsoftware.com/tsadd/perfana

The "Trading Performance Analyzer" module assists you in
analyzing in depth your trading performance of:
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- Strategy backtesting results (Instructions how to import your strategy backtesting results).
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- Custom Trading Records import (Instructions how to import from custom Trading Records)
Click here for an Equity Screen Sample and Performance Comparison Screen Sample.


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Disclaimer

The performance of the “Universal Trend Detection (UNITRDES)” is based on hypothetical trading performance information. With respect to such performance, please note the following: Hypothetical or simulated performance results have certain inherent limitations. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that an account will or is likely to achieve profits.  Trading in the futures and commodities markets involves substantial risk and YOU CAN LOSE A LOT OF MONEY, and thus is not appropriate for everyone. You should carefully consider your financial condition before trading in these markets, and only risk capital should be used.

Non-Disclosure and Disclaimer Statement:
The “Universal Trend Detection (UNITRDES)” from “Professional Software Solutions (PSS)” are speculative trading techniques designed to buy and sell automatically or assist you in discretionary trading.. No claims as to past, present or future profitability of these services or other PSS methods are made, and there is no guarantee that the system will provide any profits to traders using the system, and indeed may cause such traders to incur losses.
All signal alerts generated are provided for educational purposes only. Any trades placed upon reliance on UNITRDES are taken at your own risk for your own account. Past performance is no guarantee of future results. While there is great potential for reward when trading commodity futures, there is also substantial risk of loss in all trading. You must decide your own suitability to trade. Future trading results can never be guaranteed. This is not an offer to buy or sell futures, stocks, ETF’s, FOREX, options or commodity interests. Traders assume full liability for all trading risks and outcomes.
PSS or its employees and associates are not responsible for ANY loss or profit.
We make no performance claims of any kind. You hereby agree to all terms on this page before you use UNITRDES, or any derivate, any service provided by PSS.

Disclaimer

The UNITRDES system from PSS generate trading signals and is not investment advice. We have no financial interest in the outcome of any trades. There is substantial risk of loss trading stocks, futures, FOREX, options and commodities. You need to determine your own suitability to trade them. There may be tax consequences for short term profits/loss on trades. Consult your tax advisor for details on this if applicable.

Commodity Futures Trading Commission and Other Disclaimers

Neither PSS, not its principals, officers or employees are CTAs. Trading any of the UNITRDES system's signals presumes you have fully read and understood the risks involved in trading stock, futures/commodities as set forth below:

Additional Notices
There are no guarantees or certainties in trading. Reliability of trading signals for mechanical systems is in probabilities only. Trading involves hard work, risk, discipline and the ability to follow rules and trade through any tough periods during a system draw-downs. If you are looking for guarantees, trading is not for you.  Most people lose in trading. One of the reasons is that they lack discipline and are unable to be consistent. A system can help you become consistent. The ability to be disciplined and take the trades is equally as important as any technical indicators a trader uses. Ironically, worrying about the money aspect of trades can contribute to and cause a trader to make trading errors. Therefore, it is important to only trade with true risk capital.
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Trading Signals
I also acknowledge that PSS recommends and advises all its members track and keep their own statistical results on trades and to develop an independent understanding in accordance with this software and I take complete responsibility for their trades and acknowledge and accept the risks associated with trading.

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