March 2006
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The New Advanced GET End-of-Day --
The New Dashboard
 
   

By Brent Threadgill, Advanced GET Product Manager, and
Eric Lippert, eSignal Technical Support Representative III


 
   

In the February issue of the Exchange, we announced the new Advanced GET End-of-Day was available to end-of-day traders, including the Dashboard, with an at-a-glance view of up to 80 GET chart set-ups. Now, let me introduce you to some of the features of this new Dashboard edition and show you how they can help you make better trades.

The Dashboard, introduced in Advanced GET End-of-Day Version 9.1, allows you to conveniently monitor a portfolio of up to 20 symbols for the current condition of the market on different time frames based on a selected strategy.

The instructions given subsequently in this article will get you started using the new Advanced GET End-of-Day Dashboard and give a basic overview of the various strategies included with Advanced GET that you can monitor with the Dashboard.

eSignal Learning also provides no-cost, LIVE or online seminars to help you learn more about Advanced GET and how you can use these tools to successfully trade in any market. Visit the eSignal Learning website to find a no-cost LIVE or online seminar that suits your schedule. If you are a more advanced trader, take a look at some of the premium seminars that can increase your profit potential.

Here, then, is a functional description of the Dashboard and explanations of the different Advanced GET strategies that are included for your use.

The Dashboard: A Snapshot
You can open a new Dashboard in one of three ways:

Dashboard Icon
Click the Dashboard icon (pictured at left) on the Main Toolbar, or
hold down the Ctrl key on the keyboard and press the D key at the same time (Ctrl + D), or

click File, and then click New Dashboard.

The Dashboard Window
Dashboard WindowThe Dashboard window displays colored gauges on the right side that indicate the status of a strategy for periods ranging from 60 minutes to daily, weekly and monthly.

The window also has text boxes on the left in which you can enter symbols. When you double-left-click on a gauge, a chart with the relevant time frame and the studies associated with the strategy being monitored by the Dashboard will be displayed.

More than one Dashboard can be on a page. However, only one Dashboard strategy can be used on that page.

Entering Symbols into the Dashboard
To enter a symbol into the Dashboard, left click below the word “SYMBOL” in the box to the right of the ± symbol. This will open a text box where you enter the symbol you are tracking. You may continue entering up to 20 symbols per Dashboard window.

Once you have entered the symbol(s) you wish to track, the different gauges will light up red, green or yellow, signifying the state of the market according to the selected Dashboard strategy, as explained subsequently.

Displaying a Chart for a Dashboard Symbol
To display a chart for a symbol entered in a Dashboard window, double-left-click on the gauge for the time frame desired. A chart will appear with the relevant Dashboard strategy studies for the time selected.

For example, double-left-clicking on the red-colored daily gauge for HPQ displays this chart:

HPQ Daily Chart

Some of the Basic Strategies Included
The first time you open the Dashboard, the default strategy will be the GET Stochastic. Every subsequent time you open the Dashboard, the last strategy used will be applied.

You can change the Dashboard Strategy by left clicking the Dashboard Strategy menu selection at the top of the Advanced GET window and selecting the desired strategy.

GET Stochastic Strategy
When to Use It: The GET Stochastic strategy is designed to indicate when the market is overbought or oversold. The False Bar indicates the presence of a strong trend and that the standard overbought and oversold signals should be ignored. 

GET Stocastic Strategy 
Dashboard Gauge Color
Trend Is...
Green
Oversold
Red
Overbought
Yellow
Neutral State; between oversold and overbought
Green or Red with White Rim (as shown in the Dashboard window pictured in this article)
Strong, so a False Bar is present, and you should ignore the current gauge signal

Type 1 Strategy
When to Use It: This trend-following strategy can be used for considering taking a position at the end of a Wave 4 Retracement in the direction of the current trend. Four parameters must be met for this strategy:

1.
Wave 4 is completed
2.
The Elliott Oscillator has pulled back a minimum of 90 percent and a maximum of 140 percent of its peak during Wave 3
3.
The PTI is greater than 35
4.
Wave 4 Channel Lines have not been exceeded

 

Type 1 Strategy 
Dashboard Gauge Color
Parameters...
Green
For a long position have been met
Red
For a short position have been met
Yellow
For a Type 1 strategy have not been met

Type 2 Strategy
When to Use It: This is a trend-reversal strategy for considering taking a position in the opposite direction of a completed trend. Two parameters must be met for this strategy:

1.
Wave 5 is completed
2.
There is a divergence of the Elliott Oscillator between the Wave 3 peak and Wave 5 peak

Type 2 Strategy 
Dashboard Gauge Color
Parameters...
Green
For a long position have been met
Red
For a short position have been met
Yellow
For a Type 2 strategy have not been met

XTL Strategy
When to Use It: The eXpert Trend Locator (XTL) is a strategy that indicates whether the market is trending up or down or is in a non-trend mode. It uses a statistical evaluation of the market to tell the difference between random market swings (noise) and directed market swings (trends). 

XTL Strategy 
Dashboard Gauge Color
Trend Is...
Green
Up
Red
Down
Yellow
Neutral; there is no perceived trend
Gray with White Rim
Not reflected because there's not enough data

How You Can Benefit with the Dashboard Edition of Advanced GET End-of-Day
With Advanced GET End-of-Day, you now have the tools to be a successful trader. For one thing, you have an at-a-glance view window into Advanced GET set-ups and indicators, so spotting your best trades is easier, faster. For another, the product comes with a long-term mentor relationship with world-class traders from eSignal Learning. This means you have the benefit of their experience at your disposal to better ensure your trading success.

Lastly (and best of all), your satisfaction is assured: We're so certain Advanced GET plus coaching from expert traders will help you make better trades that, if you're not satisfied, we'll refund your purchase price when you return the software within 30 days, no questions asked. Some restrictions apply. Exchange fees apply.

Our seminar attendees are raving about their success with Advanced GET:

"Great seminar, Ernest. Since I purchased Advanced GET in October, I have earned in stock and mutual fund trading three times my initial investment in the software and seminar. I'm very pleased. The seminar re-enforced the information I learned in the training manual and online training sessions. Kudos to you and Ron."

Tyler P. Duffy, Managing Director
Capital Wealth Advisors, LLC


Visit here to read more testimonials about our products and services.
 


 
 

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