Bryce Gilmore's WaveTrader CycleTrader Software Wave Trader Books & Courses

wavetrader e-signal help

Installation Procedure:

1. Your WaveTrader_user name..efs will be sent to you via email delivery.

2. You double left click on the attachment and select save to disk.

3. The folder you have to save the file to is C:\Program Files \ eSignal \ Formulas

4. From ESignal Advanced Charts with an ES chart loaded.
      1st CHECK YOUR SETTINGS
      Select - TOOLS
      Select - EFS
      Select - Settings
      Edit Formula Root path to C:\Program Files\eSignal\Formulas
      Edit Formula Output Root path to C:\Program Files\eSignal\FormulaOutput
      In the PERFORMANCE BOX insure that the "Make all formulas compute on the close
       (rather than tick-by-tick) - is UNCHECKED

5.   To install WaveTrader-2004
Select - Chart Options pull down menu
      Select - FORMULAS
      Select - the name of your file - WaveTrader_username.efs to load it.

Help Pages

Some idiosyncrasies with overlay add-on formulas:

The XABCD is a transparent overlay when it is loaded in eSignal, as a consequence it competes with the
information displayed on the basic chart as loaded by eSignal.

If for instance you had some TEXT or Lines embeded in your eSignal chart and the XABCD overlay was
on top of it you might fail to activate an XABCD command. This can be overcome by left clicking in your
chart and dragging the offending material out from under the XABCD command. When you have activated
the XABCD routine you can drag the chart back to its original position.

Bar replay mode - eSignal

The XABCD routine has a couple of calculations it makes in real time that are not exactly compatible with the
Bar replay engine in eSignal. To replay past data the best approach is to move forward 2 bars and back 1 to
get the same results you will get in real time. There is nothing inconsistent with the X-ABCD in real time
because in real time the X-ABCD interacts with TICK data coming down the feed.

Another thing to remember is that each time you reload another eSignal Ticker name or time frame after the
market has not been trading it is advisable to refresh your data. You can do this by placing the cursor on the
green part of the price display window (see above chart) and holding the Control key down while you left click
on the Mouse.

Refreshing eSignal Data for 3 and 2 day Range Calculations

On occassions it will be necessary to refresh your data held in memory. Some days anomalies with eSignal generally occur on the transistion between the Day session and the Globex session. The error will be obvious when the 3 & 2 day ranges appear incorrect because the XABCD routine will show a high or a low which is obviously incorrect. It is a good idea to check this daily if you are using the range calculations to trade. Once you have reset your daily time frame the calculations will be good for all intraday periods.

The error normally occurs on the Globex ES #F data which is the continuous 24 hour chart. For the day session only use ES #F=2

If you encounter this error.
1. Select a DAY time period chart.
2. Reload the DATA.

Time / Price Buttons for the AB/CD checker readouts

Move XABCD markers for XABCD table readouts:

Various manipulations are allowed on a temporary basis to either look ahead or look backwards on established chart swing points. There will be occasions where the standard swing value approach does not allow you to see the wave configurations as you would like to.

Test New D=?
Look ahead and examine the potential geometric obstacles that will influence other technical traders using Elliott Wave analysis.

WaveTrader Trend Waves TWS-Slow TWM-Medium TWF-Fast

These trend waves are a mathematical formulae I originally extrapolated from an aeronautical approach to Velocity, Momentum and Acceleration.
I have never seen an indicator anywhere that could do what they do, as they hold form in their relative degree most of the time unless a trend becomes stagnant and then they will show divergence tendencies with the price action.

It pays to look at their progress on a daily price chart, a 60 minute chart, a 15 minute chart and then on a 5 minute chart for intra-day traders.

These indicators are data hungry - the more data they have to work with the better. So to get the best benefit out of ESignal you have to cram the Symbol data into memory for each time frame you are working with.

The objective we are trying to achieve with this index is to give you a GUIDE on which direction you should be trading in for each level of price movement. It is not a trading system but it will tell you the greater probability of the various trends in progress either reversing direction or resuming an existing trend.

When combined with market geometry, overbought or oversold indicators the trend waves will guide you to the better trading possibilities. For Instance a breakout trade has more chance of success in the direction of the Medium or Slow Trend wave. Whereas the market could be in a correction to the main trend and the Trend Waves will tell you so. In those cases buying into weakness or selling into strength would be the better way to go.

I have never been one for just trading with crutches but I have seen the success of this indicator over the years so many times that I have come to respect it.

SETTING UP A 500 bar TIME TEMPLATE IN ESIGNAL:
Another way you can always be assured that ESignal has loaded enough data into memory for the TREND WAVE application is to set up a Time Template that automatically loads 500 bars of the data into memory for each time frame you move backwards and forwards to. This way you won't have to go through the procedure of cramming mentioned above.

1. Load a chart in a daily time format:
2. Right click on the chart:
3. Select "Time Templates":
4. Select "EDIT":
5. Select "New Template":
6. Give it a name (mine is (500 bars)
7. "Type" should be "Intraday Default"
8. "Interval" must be blank
9. Select bars from the radio button and enter 500 in #Bars:
10. Turn on the Automatic Start/End.
11. Click "Update/add" and then "Close"

Now on the chart right click and select "Time Templates" and select the name that you saved it as (500 bars).
After that each time you load an intraday chart it will load 500 bars into memory and you don't have to cram it again!

New TICKER Settings

The ES trades in 0.25 ticks so the setting for it would be 0.25 and a display of #.##, a stock that trades in 1 cent ticks (for instance $18.05) would require a ticker value of 0.01 and a display of #.##, these settings must be TICKER defined as the computer code handles maths in precision format to 8 decimal places. If you do not set the display format you will end up with numbers like 111.99999999 for swing values.

TICKER VALUES can be edited by using the HIDE button and selecting the T. Size button.

It is important to set your TICK value to something that allows you to select lower value swings as the MINIMUM SWING you can select is 4 times the entered TICK VALUE. ES set to 0.25 TICK VALUE allows you to overlay a minimum of 1 point swings on your chart. A TICK VALUE of 0.01 would allow you to select a minimum of 0.04 TICKS. If you wish to manipulate the swing value you can do it by changing the TICK VALUE but in doing so you will also amplify or reduce the accuracy filter allowed between ratios on the XABCD TABLES. As a rule of thumb I wouldn't set the TICK VALUE much under 1/40th of the average daily range.

The accuracy filter settings for highlighting ratios when they occur work on a per TICK value. For instance if a range being measured is:-
<= 50 TICKS the leeway allowed will be 1 TICK, >50 to <=200 2 TICKS, 200-800 3 TICKS, 800-3200 4 TICKS, >3200 5 TICKS. This means ratios will be highlighted when the current D level comes within +/- Ticks of the targeted ratio.

50 TICKS on the ES is 50x0.25 = 12.5 points and we have tuned the accuracy filters to the ES S&P 500 so you may find on some other futures contracts a need to experiment with the TICK size, for instance the DJIA is quoted in 10,000.99 but as you can immagine 0.01 would be a rediculous TICK SIZE for it, more like 1 or 2 would be better suited to it. Same goes for the SPX where it is quoted as 1100.99 and the SP which is quoted as 1100.9 - both of these I would set to 0.25 the same as we are using for the ES.

Here are a few chart examples of a stock I follow. It's one of the top 10 Australian stocks in our local market and is a stock which trades technically.

It really makes me feel sick when I think about people managing other people's money and they do not know anything about how the markets work.
Ninety five % of fund managers have no idea of market geometry and the truth is they don't want to learn, they are to busy getting rich on the fees they charge everyone to follow their so called expertise. The truth is 40% of all new investment money coming into the market is eroded away by fees. Still I don't care because I can get my share of it with my knowledge and that is what counts for me.

Gann Square of 9 Levels.

This routine is accessed through the Time/Price Button from the Main selection menu.

EVENTS button on the GANN Table:

Defining High and Low dates on WEEKLY CHARTS

To accurately measure time cycles in days and degrees using a weekly chart it will be necessary to cram the daily SYMBOL data available into memory before loading a weekly time series chart for the SYMBOL. If you load as much data as possible on the daily screen display for the ticker you are analysing this data will remain in memory whilst you move over to a weekly display. That makes it possible when you select a weekly bar with the AB/CD Time/Price routine for the WT 2004 to identify which actual date in that week was the high or low day and record it for the Time measurements.

To cram the daily data into memory do this: The more daily data you can load the further back the weekly will be able to identify dates.

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DISCLAIMER: It should be noted that all Market Instruments, trades
patterns, charts, systems etc. discussed in these pages are for illustrative
purposes only and are not to be construed as specific advisory recommendations.

The information is general in nature and you should seek specific advice from
a fully licensed professional to consider whether trading suits you and your
circumstances. We do not offer specific advice.

No method of trading or investing is foolproof or without difficulty, and past
performance is no guarantee of future performance. All ideas and material
presented entirely those of the author and do not necessarily reflect those of ADEST.
There are risks involved in trading.
DO NOT RISK ANY FUNDS THAT YOU CAN NOT AFFORD TO LOSE