MONITORSTOCKS
VERSION 2
External Trailing
Stop Operating
Manual
For ALL exchanges
INCLUDING OTC/BB, PINK,
& GREY
PAPER TRADING + TRAINING +
CRASH RECOVERY + TRAILING STOP
+ STOP LOSS
This Manual contains all the instructions for
attaching the Monitor API program and operating
the Monitor API program.
The Etrade Pro platform is one of the best trading
platforms available to the independent trader.
This Monitor API is used with the Etrade Pro
platform through the Excel manager tool located
in the Etrade Pro Platform tools drop down menu.
All instructions must be followed carefully to
maintain the integrity of the Etrade Pro platform
and the Monitor API.
This Monitor API instructs Etrade Pro just as if you
were keying in the instructions manually. The main
difference is that the API will work in milliseconds
and has no emotional conflicts.
MONITOR software is a tool to help you. Monitor
cannot make money by itself. Always remember
that you can lose all your money when investing in
the stock market.
For example : You just placed an order for a stock
you feel is going up.
As you watch the stock moves a little higher and
then starts to move down. Well now its decision
time – SELL or HOLD. Be a bag holder if you wait
too long - maybe for a year before that stock
moves again.
This Monitor API will eliminate that problem by
selling automatically when the stock drops to the
prepared target loss number you put in.
If the stock climbs, the Monitor API will pull your
stop up with it so that any time the stock turns
down past where you set the stop, it will SELL the
stock at the BID price. It will go direct to the
Market Makers not through the Etrade broker. It
does this in Milliseconds. This alone will save you
time and money.
This Monitor API will give you an instant stop loss
when you place an order through the Monitor API.
Here is the best part, this Monitor API will work
with ALL EXCHANGES including:
OTC/BB, PINK, & GRAY as long as Etrade accepts
those exchanges.
Any stock you see on Etrade can be bought and
sold with this Monitor API’s protection to keep
your losses to a minimum and your gains
maximized.
If you follow the instructions carefully you can ride
a rising stock to the top of the run and let your
trailing stop maximize your earnings at Millisecond
speed.
You can set this Monitor API and watch it run and
adjust your trailing stop to maximize your gain.
The Monitor API sells the stock at the ASK price
minus the amount of the trail you set. This way
you SELL on the ASK price as the ASK price is
starting to go down.
If the Market Makers don’t buy all the shares just
click the SELL LEFTOVERS button to try again.
Etrade may charge you another half of a round
trip, But if you are $350 ahead you can give back
$9 to sell more shares.
If you sell enough shares to recover your money
you can hold the free shares and wait to see if they
go up again or just SELL them at any time.
You can SELL on the ASK at any time you feel you
want to by clicking the ASK or BID window and
then clicking on BID then click on the SELL button.
If the Market Makers don’t take all your shares
and the bid is still going down then click on
CANCEL & RESELL and MONITOR will cancel the
ASK sell order and replace it with a BID sell order
at the current bid price.
GET THIS -- we even have a Paper Trading Method.
you can select a stock and buy and trail that stock
and sharpen your skills without risking a dime.
Don’t be at the mercy of your inexperience or your
lack of knowledge or even your emotions.
If the system goes down while you are trading
then click on ORDER BASIS and then select
RECOVERY and you will get all your data back and
will still be trailing your stock.
We recommend that you join a reputable Chat
Room like Super Nova Elite to get a lot of diverse
opinions on the stocks to buy and to get training.
These Links will get you the best price.
https://wk155.infusionsoft.com/go/tspsignup/tspd
3668/
https://wk155.infusionsoft.com/go/tspsales/tspd3
668/
Copy and paste one in your browser to get to the
Super Nova Elite traders university.
Requirements
A cash account with Etrade
Understanding of how Etrade PRO works
Excel 2007 or later version (required by Etrade)
JAVA 7 (special for Monitor with Etrade) from
Oracle.com
Windows versions MONITOR works with - Vista, 7,
8, 8.1
4 TO 16 GB ram (depends on how many windows
are open)
3GHZ or better CPU (For fastest operation)
A fast internet connection
MONITOR
WINDOW
This is your heads up display to make money
The MONITOR window shows all of the controls
and information needed to help you stop losing
money and
become a winner in the market.
The control list:
1. RESET—This is the first button you click on.
2. TYPE IN TICKER – Type in the ticker or select
training mode and press RETURN. In the DEMO
this is disabled.
3. TRAINING - Selecting this will set you up to
train using a real chart pattern from DSCR.
4. ADD Lvl 2 PRICES- Click after typing in the
ticker or selecting training.
5. BUY -- This orders the stock you want direct
from the Market Maker at the exchange.
5. SELL – This button will sell the stock at the
ASK price or the BID price.
6. CANCEL & RESELL – Click here if you sell on
the ASK price and ASK price goes down before
your stock is sold. In the DEMO this is disabled.
7. SELL LEFT OVERS – Click here if after selling
LEFTOVERS or RESELLING you have stock that
has not sold. In the demo this is disabled.
8. TIGHTEN – Here is where you move the stop,
that follows the ASK price, towards (higher) the
ASK price.
9. LOOSEN - Here is where you move the stop,
that follows the ask price, away (lower) from
the ASK price.
Just above the various controls are the names of
the different parameters to help with your
ordering and selling.
TICKER – Here is where you enter the stock ticker.
In the demo this is disabled.
FIND LvL 2 PRICES Click here to see the current
Level 2 prices to tell how many stocks to buy.
CASH TO SPEND – put the amount in here that
you want to spend to buy stocks.
BUY click here to buy your stock on the ASK price.
SELL click here to SELL on the ASK or on the BID
CANCEL & RESELL Click here to cancel a SELL on
the ASK and convert to SELL on the BID
the demo this is disabled.
In
SELL LEFTOVERS After selling, if the Market Makers
don’t buy all your stock Click here
demo this is disabled.
In the
ASK ONCE – this is the first price from the market
after you enter the ticker.
STOCK FUNDED – this is the number of stocks
purchased based on the cash amount you
specified to spend.
BID PRICE – tells you the bid price.
TRAIL PRICE PERCENTAGE – tells you how close
your trail price is to the highest price of your ticker
- when you start.
TOLERANCE – is the actual dollar amount of
difference between the trail price and the ASK
price.
TRAIL PRICE – this is the actual trail price and stop
loss at the start of the trade.
FILLED – this is the number of stocks you were
allowed to purchase from the exchange.
REMAINING – this is the balance of your
stock order.
ORDER NUMBER – this is the number
Etrade assigns to your order.
Orders are both sell and buy instructions to
the market.
AVERAGE FILL PRICE – Etrade tells you the average
price of the stocks when you place an order and it
is broken up into one or more parts by the market
makers at the exchange .
Just below the various controls are the names of
the different parameters to help with your
ordering and selling.
STOCK HOLDING -- this is the total number
of stocks you purchased.
PRICE – this is the price you paid
for the stocks that you purchased.
OUTLAY – this is the total cost of
the stocks you purchased
POTENTIAL RETURN – this is the amount of money
you should receive if you sell all of the shares of
stock based on the Gain Loss window. If the Gain
Loss window shows a “200” this POTENTIAL
RETURN window will show the OUTLAY + Gain Loss
window of “200”.
TOLERANCE RATIO – this window shows
the percentage difference between the highest
ASK price and the trail price tolerance setting
LOSS GAIN – this is the current value of the shares
of stock you purchased when they are sold at the
highest ask price minus the trail tolerance
setting.
ASK NOW – this is the current ASK price.
TRAIL NOW – this is the current trail price that the
stocks will sell for if the ASK price drops to the trail
price.
TOTAL VOLUME-- this is the number of shares of
your stock that have been sold in the
market.
ADJUSTMENT ARROWS—This is where you adjust
the stop loss to make it a trailing stop.
Click “TIGHTEN” to move the stop CLOSER
to the ASK price to maximize profit.
Click “LOOSEN” to move the stop AWAY
FROM the ASK price to allow for higher price
swings
Don’t be intimidated by all the controls.
You will wind up using about 4 of these normally.
Go into Etrade PRO and select the TOOLS menu
and look for the Excel Manager tool. In the demo
this is disabled.
Click on this tool and a window will open showing
file directory information. In the demo this is
disabled.
Select the C:\Monitor directory and then select the
MONITOR program. In the demo this is disabled.
Click on OPEN in the right side of the window.
In the
demo this is disabled.
OK you are now looking at the Monitor Heads up
Display.
Familiarize yourself with the control locations.
If you click on something and get concerned that
you made a mistake just press RESET to go back to
the beginning of the heads up display.
At this point you won’t make any moves that will
cost you money so go ahead and push buttons and
see what happens.
Lets try the TRAINING software:
Select TRAINING in the TICKER BOX and press
RETUN and then click FIND Lvl 2 PRICES .
Now click on the BUY button. In about 10 seconds
You will see the graph draw a yellow line that
shows the stock price and a white line that shows
the trail price.
See how the ASK price (yellow line) moves up and
down.
See how the TRAILING STOP price will move up but
not down as the ASK price bounces around.
Now as you saw and heard our Ka Ching of the
Cash register drawer opening and the large selling
now window
You have just gone through a complete buy and
sell ( not with real money of course) of a stock that
you picked.
Well there is a little more than that involved
because you didn’t set the trailing stop arrow
adjustments.
You adjust the arrows to set the stop loss, or later
the trailing stop, to show when you want the stock
to sell.
So if you set it too high the first time you move the
arrow up you could force a sale that you did not
want.
If you set the increment too low then it may take
20 or 30 clicks on the arrow to get where you want
to be.
Play with this control so you feel comfortable that
you know how to set it. GIVE ETRADE A CHANCE
TO CATCH UP.
If you Click on the arrows to quickly you may get
paused for 30 seconds or so.
Back to the chart:
Lets try adjusting the trail adjust arrows while the
chart is showing stock fluctuations.
When the ASK price ( yellow line )is going down
towards the TRAIL price ( white line )move the
TRAIL price down by adjusting the ARROWS.
When the ASK price is moving up decrease the
distance between the ASK price ( yellow line ) and
the TRAIL price ( white line )to maximize your
earnings.
Master this exercise as it will help make you earn
more money.
MONITOR software is a tool to help you. Monitor
cannot make money by itself. Always remember
that you can lose all your money when investing in
the stock market.
PAPER MONEY TRADING
This is where you try your hand at real stocks
moving at the normal speed real stocks move.
PAPER TRADING MODE – MONITOR comes set up
for paper trading.
Go to the TOOLS menu in ETRADE and select EXCEL
Manager.
When the check mark in front of “Send as
Prepared Orders “ is checked you are in PAPER
TRADING MODE. See RED arrow.
DO NOT REMOVE THIS CHECK MARK UNLESS YOU
WANT TO SEND ORDERS TO THE MARKET.
Next :
Type a Ticker into MONITOR’s Ticker box and press
RETURN and then click FIND Lvl 2 PRICES.
Now click on the BUY button.
Now the MONITOR heads up display will look like
this:
As you can see windows are filling up with current
data from the Market makers and Etrade.
Now all we have to do is wait for the price to move
up or down and you will see a line appear on the
chart.
When the price does move up or move down , a
yellow line will show the direction and price of the
ASK.
A white line will show the level of the trailing stop.
The trailing stop will initialize at 15% below the
price of the ASK.
You can change the trailing stop by clicking on an
arrow in the chart.
The arrow pointing up will move the trailing stop
closer to the ASK.
The arrow pointing down will move the trailing
stop away from the ASK.
When you work on active trades, be sure to set a
trail value that will accommodate the normal price
fluctuations for your particular stock and catch
only the true reduction in price.
Here is a guide to consider: look at an analog clock
and note the angle of the long arm when it is
pointing between 1 p.m. and 2 p.m.
Now, when your stocks SIMPLE MOVING
AVERAGE is holding steady at this angle, stay with
your initial trailing stop . As the moving average
changes direction, dropping below 2 p.m., it's time
to tighten up your trailing stop.
This removes emotion from your trading. It's
important to set the value when you are calm,
focused and able to make a decision based on the
information presented by Etrade. Also, don't
second-guess yourself. You will do well to let
MONITORs trailing stop exercise its magic.
When you place a stop with Etrade, Market
Makers are aware of any stops that you place with
Etrade and can force an oscillation in the price,
bumping you out of your position and then
running the price right back up again.
But with MONITOR the Market Maker does not
know where your stops are set so it gives you a big
edge.
Here is one psychological game that traders should
not play.
In the case of a trailing stop, there is the possibility
of setting the trailing stop too tight during the
early stages of the stock collecting its volume.
If this is the case, the result will be the same. The
stop will be triggered by a momentary price
reduction, and this makes traders complain over
profits they think are lost.
Your best bet is to understand that highly volatile
stocks are better managed with an actual stop as
well as a trailing stop that sets up a limit order to
sell at your target price. This is the way MONITOR
works.
Let MONITOR do the work - it is much faster than
executing an order to the market yourself.
OK NOW FOR THE REAL
THING.
Minimize Monitor and select “TOOLS” from the
Etrade menu.
Now select “Excel Manager”.
Remove the check mark .
This will allow any order you place to go directly to
the Market.
If you make a mistake you will send the mistake to
the market.
You cannot call it back.
If you order more shares than your account can
afford the order will not be filled.
If you order the wrong stock, you will get the
wrong stock.
SO BE CAREFULL, YOU CAN LOSE ALL YOUR
MONEY INVESTING IN THE STOCK MARKET
MONITOR wishes you good luck in all your
investing.