Alert Recommendations

<< Click to Display Table of Contents >>

Navigation:  daytradr Toolset > Reconstructed Tape > Summary Tape >

Alert Recommendations

 

Here are some guidelines for the alert settings to start you off. Markets change and so these settings should change with them. Start off with smaller numbers, so that you have too many alerts generated. You can then look at these alerts and the actual summary tape to evaluate better values. So for instance if you put in a large traded quantity of 100 but you see 1 message a minute but only 3 messages in an hour were over 500, you might want to try a setting of 500. Of course, the other approach is just to increase the value until the quantity of alerts is something you are comfortable with.

 

Alert Setting

ES

6E

CL

Price Divergence Alert Min Qty

600

30

30

Iceberg Alert Min Qty

300

40

40

Large Qty Alert Min Qty

1500

100

50