To quick start AbleTrend 7.0 (AT70), please print and read the instructions. You may start the 7.0 in 30 minutes.
After logging in to the AT70 software, click "New Workspace" icon, 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.
Click New Chart icon, . 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.
How to insert Buy/Sell/Stop signals to a chart: Click anywhere on the chart, then the "Analysis" icon (Format Indicator). The Format Indicator window will pop up. Click the down arrow of "Type" field and the following screenshot image should appear:
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 "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" icon, then choose STM.
You will see default buy/sell/stop signals plotted on the chart. Click Save Workspace icon, and create a name to the workspace.
You may bring back the workspaces by clicking the Open Workspace icon, and press Ctrl key to select and open a few workspaces at a time.
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.
Figure 1. This is an IBM daily chart without any indicators added.
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.
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.
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:
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:
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
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 email@example.com or call 510-265-1883
Thank you for choosing AbleSys!