The Hurst Trader

I have realised that many people are reading this “development blog” about The Hurst Trader, instead of connecting to our Hurst Trader Forum, and so I am going to be doing some dual posting between the two, for the benefit of those who don’t go for the whole forum thing!

The Hurst Trader has an extensive “trading module” built into it (see Webinar #10 in which I introduce the way in which THT does its trading).

However I am pleased to announce a brand new feature within THT, which is a “manual trading” capability.

This allows you to:

• Tell THT that you have entered a trade.
  • you can have THT monitor the trade for you, in terms of adjusting stops, setting Take Profit orders, etc.
  • OR you can have THT leave the trade alone, in which case you will need to calculate your own exits.
• Tell THT that you have exited a trade (even though there were no exit orders triggered).
• Generate your own Action Signals (take a look at Webinar #10 if you don’t know what an Action Signal is)
  • The Action Signal can be handled by THT as a regular Action Signal that it has generated, in which case it will generate Trade Orders as necessary when the Action Signal is triggered (or before, depending on the type of Action Signal).
  • Or the Action Signal could simply trigger an alert – a message box that will pop up when the Action Signal is triggered (this might be more appropriately called a “Signal”, but the “Action” involved is triggering an alert, so I won’t get complicated about it!)
• Delete an open trade (useful if THT is monitoring an open trade, but you would rather it was finding new entry opportunities).
• Create your own Trade Orders – instead of telling THT that you have entered or exited a trade, or creating Action Signals that will have THT generate orders, you can create your own entry and exit orders, which THT will monitor in the same way as it monitors the trade orders that it generates itself.
• Add closed (historic) trades yourself, and build a trading history. If you’ve been trading an instrument for a while (before THT was available!), then you can manually enter the trading history of the instrument, and thereby use THT’s Trade Report to tell you how you’re doing (maximum draw-down, annualised % return and other useful statistics that THT calculates), including spending much rewarding feel-good time staring at the equity graph!
• Import a Trading History from a trading history file that has been built by your THT screensaver! I am very excited about this, because I have finally moved the screensaver up to its final manifestation. I will explain this in more detail in a future post.
• Clear the full trading history (so that you can look at trading various cycles, settings and so forth, and then work with a chart that represents a full history of trading in that manner).

This functionality is going to take me a few posts to explain in detail, so watch this space …

Those who are testing the ALPHA version of THT will have the functionality available in version 1.2.0.0 (available 5 December 2009).

Those who are working with the BETA version of THT can expect to have this functionality as soon as the bugs are worked out of the system (probably by about the 16th of December 2009).

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