Quick Start Guide

What do you want to do?

Create a new indicator
Edit an indicator
Delete an indicator
Set an alert on an indicator
Preview indicator performance

Create a new strategy
Edit a strategy
Run a strategy in real time
Delete a strategy

Creating an Account

Most of the features describe here will require an account. To create an instant free account, please visit the register page.
Once you’re set up you will find the admin panel is conveniently organized into indicators and strategies.

Create a new indicator

Open the dashboard page either by clicking the logo on the top left menu bar, or select dashboard from the menu. On the dashboard, click the New button in the Custom Indicators panel.

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Create new

This will take you to the Indicator builder tool.

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Indicator builder tool options

The menu actions in the builder.

  • Save: Save the indicator
  • New: Start new indicator
  • Undo: Undo the last edit operation
  • Plus: Add row above
  • Minus: Remove row above
  • Cut: Cut the current row
  • Copy: Copy the current row
  • Paste: Paste contents into current row
  • Delete current row
  • Search: Search dropdown for operator. Use check icon to accept choice.
  • Preview: Preview results

You can copy or move any row using the mouse or device equivalent. To move a row, click and drag the row then drop it over the new location. To copy a row, click and drag while holding to the control key (CTRL).

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Row drag and drop

For detailed help on designing and creating an indicator see this separate guide.

Edit an Indicator

To make changes to one of your existing indicators, open the Indicator browser. Locate the indicator in the list. To open the editor, click the edit button in the relevant row. This opens the editor. You’ll then be able to make changes to the indicator as required. Note that changes will only take effect once saved.

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Indicator browser

To search the list for a particular indicator, click the spyglass icon on the top right of the page. This opens the search box. You can then filter the lists by different indicator types. To show only your own indicators, check the Custom Indicators box, and uncheck the others.

Delete an indicator

To delete an indicator, open the Indicator browser page and locate the relevant row. Then click the trash icon. You’ll be prompted to confirm the delete action. On confirmation, the indicator will be deleted.

If the removed indicator is being used by a running strategy, that strategy will be switched off. This action will also delete any alerts attached to this indicator.

Set an alert on an indicator

By creating an alert on an indicator you can turn it into an automated trading strategy. You’ll receive alerts whenever your indicator creates a buy or sell signal. Alerts will appear in your alert tab.

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Browser alerts tab

You can optionally receive alerts by email as well by setting the switch in the Notifications pane of your account settings.

To create an alert, open the Indicator browser page and select the indicator you wish to create an alert on. Click the icon of that row to bring up the chart preview.

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Setting an alert

To change the market, click the icon on the top right side of the chart. Choose the market and timeframe, and then click the OK button to save.

With the required market and timeframe displayed in the chart, click the Create Alert button.

To view your alerts, click the Alerts tab in the Indicator Browser. This will show a list of all of your alerts, both active and inactive.

Note that you will only be able to create alerts on indicators that produce a buy signal, sell signal or both.

For line indicators that don’t produce signals, for example a MACD, you can create a new indicator and define a condition that produces a buy or sell signal at the appropriate time. For example, a crossover of the MACD output lines.

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List of alerts

You can switch an alert on or off using the toggle switch. To delete an alert entirely, just click the Trash icon on the required row.

Preview indicator performance

You can preview the output of any indicator from the browser page. Just click the icon in the required row to display a chart preview. You can change the default chart by clicking the settings icon on the top right.

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Checking performance stats

For indicators that produce trade signals, the preview will calculate the reliability of the signal against the actual chart data. This calculation takes each buy and sell signal into account and examines a certain number of bars ahead. It classifies each result as either

  • True positive
  • False positive (hold)
  • False positive (buy/sell)

A true positive means that the trade signal was correct and would have produced a profit greater than any drawdown. A false-positive means the market did not move up or down past the specified profit threshold. A false positive (buy/sell) means that the market moved in the wrong direction.

This method looks at the entire price range immediately after the signal. This way it takes into account drawdown. If a trade ends in profit, but the drawdown is greater, this is classified as a false positive.

An indicator with performance close to 50% works no better than chance. Above 50% means high reliability.

The configuration for previews can be found in the chart settings page. From there, you can specify the number of bars that the calculation looks ahead, and the target trade profit.

Create a strategy

As well as indicators Tradoso lets you create automated trading strategies. There are a few differences between indicators and strategies. A strategy can be back tested. A backtest is a simulated run of performance using historical data. You can track the performance of a strategy by running it in real time. You can also optimize strategies to find how they will perform with different settings.

You can turn any indicator into a strategy. You can also use any strategy as an indicator.

To create a new strategy, go to the chart page and load the symbol and timeframe of your choice.

Use the indicators drop down to add one or more indicators. A strategy must have at least one input. Modify each of your indicator settings if necessary by clicking the cogs button. Click save.

Click the hat button in the toolbar. This activates training mode.

When training mode is enabled you can click points on the chart to define your open and close times. The system will determine automatically if a trade is a buy or a sell.

To auto train or upload trades from a CSV file, choose the appropriate tab and follow the instructions.

Once the training points have been entered you can review them and delete any you don’t want.

From the first panel click the Training. One success you’ll see a completion message. The strategy is now ready to test.

You can review your strategies from this page.

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Strategies list

Click here for more details on how to create a new strategy.

Edit a strategy

To edit one of your strategies, bring up the strategy list page from the top bar menu and select the appropriate strategy.

Click the edit icon in the toolbar.

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Edit strategy

This will bring up the chart from which you’ll be able to change the strategy setup. You can add or remove indicators, or change the training points.

Any changes won’t take effect until the strategy is retrained.

You can view the change history for any strategy by clicking a row in the strategy list page and choosing the Change history tab. From there, you can revert to any save point if required.

Run strategy in real time

If a strategy is valid, and trained you can run it in real time to track performance and to create trade alerts.

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Toolbar

From the strategy page, locate the relevant row and click the #Live icon in the tool bar. If the icon is disabled, this means the strategy is not in a valid state to run.

Delete a strategy

To delete a strategy, select the relevant row from the strategy list. Click the trash icon. You’ll be prompted to confirm this action.

If the strategy is being used by other indicators or strategies, they will no longer work after deletion.

Risk Disclosure: Information given on this website is for general purposes only and should not be construed as investment advice. Certain instruments shown here are complex and may come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. Market data displayed is indicative and is not a solicitation to buy or sell.