Friday, August 18, 2006

Coding For Alerts Functionality Finished

I'll start testing it when the markets open again on Monday.

There are a million companies which offer price alerts, so you might wonder why I bothered?

Well, those other Alerts services are generally price-based. You set the alert to fire when the EURUSD hits a certain price. Yay.

The Thinking Stuff software offers indicator-based alerts. As the simplest example, you can set an Alert to fire when the Low of the most recently completed bar is above a simple moving average.

You can use *any* of the Rules listed on this page, specifying 1 or many. And you can use them in *any* combination with each other (if you specify more than 1, then all must be true for the alert to fire).

There are also Trading Alerts, which fire when you have a system auto-trading. There are 6 to choose from - Order Placed, Order Modified, Order Cancelled, Trade Entered, Stop Loss or Take Profit Modified, and Trade Exited. Any combination of those alerts can be chosen.

Alerts are sent to an email address, displayed on screen, or both. You can set the Alerts to use completed bars only for their calculations, or include incomplete bars also. They can be set to fire a set number of times and then stop, or to continue firing until you switch it off manually.

Incidentally, you can achieve the same thing as a price-based alert by using this Rule: "[OHLC] Is Above X" (or "[OHLC] Is Below X"). Specify 'High' ('Low') as the [OHLC], and that you don't want to use completed bars only, and that's it.

0 Comments:

Post a Comment

<< Home