OmniTrader Upgrade Forums
OmniScan
Don't Slog Thru the Russell 3000 for CRT-3 Trades
11 replies, 2941 viewings
|
OmniTrader Upgrade Forums
OmniScan
Don't Slog Thru the Russell 3000 for CRT-3 Trades
|
Last Activity 3/11/2022 10:09 PM 11 replies, 2941 viewings |
|
|
|
| Printer friendly version |
EYEGUY Icon    Posts: 1543 Joined: 12/12/2003 Location: BALDWINSVILLE, NEW YORK  User Profile |
Slogging through the Russell 3000 for CRT-3 Trades can be tedious. Attached is a modified OmniScan to detect the cream of the crop. Note that it does this by taking into account all the Filter Blocks in the CRT-3 Strategy to filter out viable Long and Short candidates. The resulting list you get still has to be run by the CRT-3 Strategy to see if a trading signal will fire on these well-vetted candidates. And also note that even though the CRT-3 Strategy only fires Longs I have included possible Short candidates should you change your mind. Also note that if no trading signals fire whatsoever it may be because there are no Long Signals or because all the candidates discovered were short candidates on the only Long firing CRT-3 Strategy. To implement the OmniScan open your OmniScan list via the pencil icon in the Focus List and right-click on any OmniScan under Custom Lists. Select Import List and locate where exactly you stored the downloaded OmniScan presented here. Once imported the OmniScan will look like this: Today you only have 6 stocks to evaluate. ZOOM! Tom Helget [Edited by EYEGUY on 12/15/2016 5:27 PM]  Attached file : _CRT_45_3_32_Strategy_32_Ready_32_Russell_32_3000.otl (1KB - 434 downloads) Attached file : CRT-3 Strategy Ready Russell 3000.PNG (40KB - 1197 downloads) | ||
| Barry Cohen Sage   Posts: 6338 Joined: 1/19/2004 User Profile |
| ||
| EYEGUY Icon Posts: 1543 Joined: 12/12/2003 Location: BALDWINSVILLE, NEW YORK User Profile |
Even more Easy Peasy! Thanks, Tom Helget | ||
| trading4rent Member Posts: 28 Joined: 9/26/2006 Location: Illinois User Profile |
If a stock populates on the list is that a crt-3 pick ? Why does a an older crt-3 stock stay on the list (unless it regenerates a new position) ? What indicators should I have open to monitor a crt-3 hit ? Thanks in Advance, Brian- | ||
| EYEGUY Icon Posts: 1543 Joined: 12/12/2003 Location: BALDWINSVILLE, NEW YORK User Profile |
I am not sure I truly understand your question, but if are using the OmniScan I posted in this thread it's only purpose is to bring forth stocks meeting the Filter criteria of the CRT-3 Strategy. There are seven of these filters and so paring down the Russell 3000 to just the handful of stocks that meet these criteria saves a lot of processing time in running the CRT-3 strategy. Now it might well be that even though all the Filter Criteria are a go there is still no trading signal being issued for the day in question. However, it is thoroughly possible that there was a valid trading signal several days or months ago when all the stars were in alignment and that is showing up on your chart. To monitor a CRT-3 hit you might want to have the ADX, TRII, Volume, and a 5-period SMA on your chart. You might also want to Plot Stops on Chart via Chart Options....Trades. I hope that is what you were looking for! Tom Helget [Edited by EYEGUY on 1/5/2017 5:26 PM] | ||
| trading4rent Member Posts: 28 Joined: 9/26/2006 Location: Illinois User Profile |
Attached file : CRT3.PNG (5KB - 466 downloads) Attached file : CRT3.PNG (5KB - 396 downloads) | ||
| EYEGUY Icon Posts: 1543 Joined: 12/12/2003 Location: BALDWINSVILLE, NEW YORK User Profile |
Just X on your list had the CRT Strategy fire at some time in the past and today is showing an exit signal. Where all the rest of the stocks on the list came from I don't really know. If you had been using the OmniScan I posted above in this thread the following stocks would have appeared and running the CRT-3 Strategy over them might have produced a possible trade today or an in-trade trade or nothing at all: Again I am not sure I have truly answered your question. Tom Helget [Edited by EYEGUY on 1/5/2017 6:21 PM] Attached file : Tonight's OmniScan Winners.PNG (6KB - 953 downloads) | ||
| trading4rent Member Posts: 28 Joined: 9/26/2006 Location: Illinois User Profile |
Thanks Again, Brian- Attached file : CRT3.PNG (7KB - 389 downloads) | ||
| EYEGUY Icon Posts: 1543 Joined: 12/12/2003 Location: BALDWINSVILLE, NEW YORK User Profile |
If you were using the OmniScan that I posted at the start of this thread the resulting "list" should look just like the one I posted an hour ago. Now remember these are possible candidates. They meet the seven filters in the strategy so that the strategy does not have to sift through the entire Russell 3000 stocks checking each one to see if all the filters are satisfied. That process is "pre-done" via my OmniScan. What is left are only those stocks that possibly could give a trading signal today. Now the strategy can be applied to only that handful of good candidates to see if any of them fulfill the trading system's parameters. The reason an instrument might not yield a trading signal is two-fold - either the trading system isn't generating a valid Long trading signal or the OmniScan has yielded a possible Short candidate. Now the CRT-3 Strategy trades currently only to the Long side, but it can generate Short signals as well if a slight modification in the Strategy is made. Since I didn't know if someone might eventually want to do that I included the possibility for it in the OmniScan as well. Again, I hope that that is clear. By the way I finally figured out that the CRT-3 scan you were displaying came with the CRT-3 package and did not do nearly as much of the pre-filtering as my version presented here does. That is why you have so many more possibilities to screen. Tom Helget | ||
| SteveL Veteran Posts: 262 Joined: 8/19/2005 Location: Boulder, CO User Profile |
Thanks for the formula. See my post for something to be aware of with comments in OmniScan formulas: https://www.omnitrader.com/currentclients/otforum/thread-view.asp?threadid=14381&posts=1#0 | ||
| Vinay Elite Posts: 640 Joined: 12/9/2011 Location: Planet Earth User Profile |
Originally written by Barry Cohen on 12/16/2016 4:34 AM Here's a tip many customers aren't aware of that makes importing an OmniScan quite easy. Just place the otl file in the ...Nirvana/OT2017/ScanImports folder. OT will import it automatically into OmniScan for you on startup. Barry, This feature is not working for me. I put several OmniScan ".Otl" files into ScanImports folder but none of them got imported on OT restart. | ||
| Barry Cohen Sage Posts: 6338 Joined: 1/19/2004 User Profile |
|
|
|
|
|
Administrator
Forum Moderator |
Registered User
Unregistered User |
 E-Mail this thread to a friend |
Toggle e-mail notification |
