The New System Setup Wizard allows you to easily add a new trading system to Trader68. The New System Setup Wizard contains four screens:
Setup a System to Autotrade
o Choose TradingSolutions System and Position Sizing
o Setup Stop Loss and Profit Target
o Finished
o Choose Collective2 System and Position Sizing
o Finished
The New System Setup Wizard is accessible by the Manage menu under Setup New System.
The Setup a System to Autotrade screen allows you to choose where your signals are derived from.
By selecting TradingSolutions, it will take you through locating your Work directory and selecting the appropriate model/system that you would like to autotrade.
By selecting Collective2, it will take you through signing into your Collective2 account in Trader68 and then choosing between your subscribed systems on Collective2.
To continue click the Next button to Setup TradingSolutions or Setup Collective2.
The Setup TradingSolutions screen allows you to choose the Work directory that contains the signals you would like to setup for autotrading.
The Choose TradingSolutions System and Position Sizing screen allows you to select which model you would like to add to your Trader68 portfolio for autotrading and allows you to set the position sizing.
Which TradingSolutions Model do you want to autotrade?
This specific option allows you to select one model from your TradingSolutions directory to add to Trader68’s Asset Grid.
Which portfolio do you want this model to belong to?
If you’ve already setup a portfolio in Trader68 it will be listed in the text field below. You also have the option for setting this particular model up in a new portfolio by pressing the Create New Portfolio button.
How do you want it to determine the size of the positions?
The default settings for position sizing are Percent of Account and 10%. The options you choose can be adjusted later in the Asset Settings dialog for this particular asset or they can be adjust for every asset in your portfolio by adjusting them on the Portfolio Settings dialog as well as in the Account Settings dialog for every asset in every portfolio.
To continue click the Next button to Setup Stop Loss and Profit Target.
The Setup Stop Loss and Profit Target screen allows you to indicate if you want Trader68 to automatically generate Stop Loss and/or Profit Target orders.
Stop Loss
This checkbox allows you to activate Stop Loss for this particular asset. Using the text field next to it, you can choose a Stop Loss percentage of you choice or keep the default of 5%.
When do you want to allow reentry of the position after a stop?
This drop-down menu allows you to select one of several options that are detailed in the Stop Re-Entry section of the Help Documentation.
Profit Target
This checkbox allows you to activate Profit Target for this particular asset. Using the text field next to it, you can choose a Profit Target percentage of you choice or keep the default of 5%.
To continue click the Next button to step to the final panel.
The Setup Collective2 screen allows you to perform multiple tasks including creating a Collective2 account and logging into Collective2 for Trader68 to access your subscribed systems to autotrade.
The Choose Collective2 System and Position Sizing screen allows you to select which subscribed system you would like to add to your Trader68 portfolio for autotrading and allows you to set the position sizing.
Which Collective2 System do you want to autotrade?
This specific option allows you to select one subscribed system from your Collective2 account to assign to a Trader68 Portfolio.
What do you want to name the portfolio associated with this system?
Trader68 by default names the portfolio for Collective2 accounts “My Collective2 Portfolio”, but you can change the name to your preference on this screen or within the Trader68 interface for Portfolio Settings.
How do you want it to determine the size of the positions?
The default settings for position sizing are Percent of Account and 10%. The options you choose can be adjusted later in the Asset Settings dialog for this particular asset or they can be adjust for every asset in your portfolio by adjusting them on the Portfolio Settings dialog as well as in the Account Settings dialog for every asset in every portfolio. Alternatively, you could select to use 100% of the Collective2 allocation, and then specify the position sizing within the Setup Autotrading panel of Collective2.
To continue click the Next button to step to the final panel.
The Finished screen indicates that you’ve successfully added a new system for autotrading. Simply click the Finish button to return to the default Trader68 interface.