Quick Start AbleTrend 7.0

To quick start AbleTrend 7.0 (AT70), please print and read the instructions. You may start the 7.0 in 30 minutes.

  1. Create New Workspace

    After logging in to the AT70 software, click "New Workspace" icon, AbleTrend Trading Software quick start 1 at top left corner. It will create a new "Workspace". A workspace can hold 16 charts. You may create many charts in one workspace at a time to view the specific market charts.

  2. Create New Chart

    Click New Chart icon, AbleTrend Trading Software quick start 2. Insert Symbol window will pop up. Input the symbol, style, weight, color, subgraph, time interval, days back, trading time etc.

    Or, you may simply input the symbol for the chart, then click "OK" button to plot the chart with all default settings. You can edit the chart later.

  3. Insert Indicators

    How to insert Buy/Sell/Stop signals to a chart: Click anywhere on the chart, then the "Analysis" icon AbleTrend Trading Software quick start 3 (Format Indicator). The Format Indicator window will pop up. Click the down arrow of "Type" field and the following screenshot image should appear:

    AbleTrend Trading Software quick start 4

    Check boxes of AbleTrend1 (T1), AbleTrend2 (T2) and Exponential Average (also known as EMA- Exponential Moving Average). Then, click the Add button in the top right corner. Do not change the format yet.

    You may click the icon AbleTrend Trading Software quick start 5 "Save As Analysis Template", and give the indicator group a name, such as STM (Simplified Trading Method). Add the buy/sell signal to a chart by clicking on the "Insert Analysis Template" AbleTrend Trading Software quick start 6 icon, then choose STM.

  4. Save Workspace

    You will see default buy/sell/stop signals plotted on the chart. Click Save Workspace icon, AbleTrend Trading Software quick start 7 and create a name to the workspace.

  5. Open Saved Workspaces

    You may bring back the workspaces by clicking the Open Workspace icon, AbleTrend Trading Software quick start 8 and press Ctrl key to select and open a few workspaces at a time.

  6. STM Trading Method

    Simplified Trading Method (STM) is one of the common ways to trade markets with AT70 software. Add T1, T2 and EMA to a chart with all default settings.

    AbleTrend Trading Software quick start 9

    Figure 1. This is an IBM daily chart without any indicators added.

    AbleTrend Trading Software quick start 10

    Figure 2. IBM daily chart with T1 indicator added. The blue bars mean up-trend, and the red bars down-trend. Big blue dots are buy signals, and red dots sell signals. We do not use the buy and sell signals with STM.

    AbleTrend Trading Software quick start 11

    Figure 3. IBM daily chart with T2 indicator added. The cyan dots mean an up-trend, and the magenta dots a down-trend. Values of the dots are key support/resistance that are used as protection stops if the market turns against our position.

    AbleTrend Trading Software quick start 12

    Figure 4. IBM daily chart with a red line of Exponential Moving Average (EMA, length = 10, default) indicator added.

    (1) Entry rules of STM:

    There is only one entry rule: There must be agreement between the T1 and T2 indicators. For additional guidance, we look for an entry point close to the EMA line.

    Re-Entry: If you missed the initial entry point or exit by stop hitting etc, you may enter the position again if you see the agreement of T1 and T2, and the price is near EMA.

    Try to avoid trading when the market is moving sideways.

    (2) Exit rules of STM:

    • The exit rule is very simple: Follow Trend2;
    • Exit your position if three consecutive green bars close on the wrong side of the EMA;
    • Exit while seeing an opposite colored bar closed.

    AbleSys has been offering the Trend 2 indicator since 1994, and is highly regarded by many traders. At AbleSys, we say, "Don't fight Trend2."

    Using Trend2 as an exit strategy is almost entirely mechanical.

    Also, exit your position if three consecutive green bars close on the wrong side of the EMA or if you see an opposite colored bar. Take part of the profit if the market had a big run and is relatively far from the EMA line. Buy/Sell/Exit signals are shown in the example below:

    AbleTrend Trading Software quick start 13

  7. Help and References

    300 pages of electronic Help can be accessed from the software's menu bar on the top:
    Help > Help Topics� OR Windows Start button > All programs > AbleSys > AbleTrend 7.0 > Help 7.0

    AbleTrend Trading Software quick start 15AbleTrend Trading Software quick start 17

    For further information and help, Ablesys provides detailed step-by-step videos, easy references, and supports online at https://www.wintick.com/members

    Please email us any questions at support@ablesys.com or call 510-265-1883

Thank you for choosing AbleSys!