With everything installed and set up, you are ready to go!
Whether you are working with the sample workspaces supplied with the Sentient Trader
trial, or EOD workspaces that you have created yourself, you will quickly discover
that there is a routine that you need to follow on a regular basis. This is what
we call the Sentient Trader Daily Routine. It is a routine you will perform if
you are working with the EOD version of Sentient Trader (or working with EOD workspaces
in the Intraday version of Sentient Trader). The process of working with intraday
workspaces in the Intraday
version of Sentient Trader is very different, and is discussed in the section about
working intraday.
Note that ideally you should perform this routine every day, but if you prefer to
only monitor your trading situation once a week, then you could do that, but the
accuracy of your trade entries and exits will be markedly diminished, resulting
in less successful trading. The daily routine is not very time consuming, and so
it is strongly recommended that you do it every day (OK, we'll give you the weekends
off).
The daily routine consists very simply of:
Fortunately the updating of the analysis and the making of trading decisions is performed automatically by Sentient Trader whenever you open a workspace. And there is even more good news! You can automate the process of opening workspaces by scanning a list of workspaces in Sentient Trader, and so there are in fact only two things to do:
The process of updating your EOD data depends entirely on your data provider.
If you are working with Ninja Trader (as you would be if you are using the Sentient Trader trial) then learn about updating your data here.
Updating an analysis and making trading decisions in Sentient Trader is really simple. All you need to do is open the workspace!
Sentient Trader will detect that there is new data, and will update the analysis and make all the trading decisions.
Of course if you have many workspaces (as you are likely to) then you might not want to open each and every one of them individually ... This is where you are going to start feeling grateful! Because the process can be completely automated by scanning a watchlist. The scan that you will make as a part of your daily routine is a full scan.