Recommended Setup

For S&P trading purposes you will need to monitor the ES futures as the trading vehicle and also the $OEX & $SPX. The OEX is the top 100 S&P500 stocks and dominates the market. The S&P500 will not go far for very long if the OEX is standing still.

Recommended: PC Computer, 1 Gig ram – Pentium 4. 3.2.ghz – 4 Screens, (2 Gig ram would even be an advantage but it is not mandatory).

I have a network arrangement of 3 computers with the Dell 4 screen desktop dedicated to the eSignal data feed, WaveTrader software applications and my Hot Comm room membership.

Office

 

I also have cable TV which I use to run services such as Bloomberg, CNN and FOX during market hours.  It is important to remain informed on the general market mood. Bloomberg reports on economic data releases the instant they are released and frequently runs interviews with pit traders. It is also a good way to keep up with the news and earnings reports that are released in and outside of RTH market hours. If you stay informed you will never get any surprizes after the event and you will know when important reports are due to be released. The current news is your life blood if you want to remain a winner in the trading business.

 

The WaveTrader III can run in numerous eSignal applications and keeps track of all the patterns and geometry on all time frames as the day progresses.

  • With the WT-ES assistant MkIII we can keep track of all the stock indices OEX, DJIA, SPX, & ES in time frames from 1 minute and more up to daily, weekly and monthly.
  • The state of the OEX and the OEX position helps you to filter trading opportunity as the ES choices arrive.
  • The WT III Trend Waves of the momentum in force tell me when the PRICE ACTION trades have a good chance of working.
     

    You should think about having a separate computer dedicated to your execution platform but it is not necessary to have the extra computer if you have a 4 screen workstation.

    My WaveTrader applications run directly from within the eSignal pages:

     

    The WaveTrader package comes in two separate applications, the WaveTrader III resides in the main window (upper window of your eSignal chart), the WaveTrader Assistant Mk III is a dashboard application which resides in the eSignal indicator and studies window. Both applications are independent of each other and can be run as separate applications.

    For the S&P trader I recomend using both applications but if you are trading other trading vehicles it is only necessary to run the WaveTrader III.

    The WT III can be run in multiple windows and eSignal applications concurrently, the WT Assistant (dashboard) is better to be run as a single application below the S&P chart you use most frequently. Switching windows within eSignal is a single click operation or you can have multiple floating windows to display several chart windows at the same time.

    Multiple windows running live within eSignal.

    The WT ASSISTANT page can be updated instantly from the WT Dashboard to display 32 chart displays covering time frames between 1 minute and Daily for the ES, SPX, OEX and DJIA tickers. The information is running live within the eSignal data manager.

    The WaveTrader CASH INDICES pages are an additional feature we added to run in the WT ASSISTANT. These are set to 60 minute, DAILY, WEEKLY and MONTHLY time frames. They have their own DASHBOARD application which is installed in a separate window.

    You can purchase our software in three ways….
    WaveTrader III as a stand alone program.
    WaveTrader Assistant for S&P traders as a stand alone package.
    or the combined package of WT III, WT Assistant and WT Cash Indices.

    If you set yourself up correctly it will make your trading day a lot easier to handle.

    If you desire to run more than 1 or 2 eSignal APPLICATIONS at the same time  you can do that easily but you will need to extend your Windows HEAP size to accomodate the space required to run multiple applications without any hitches. I have my windows HEAP size set to 10 meg on all my computers.

    HEAP SIZE HINTS:
    The standard Windows HEAP size is 3 meg and this heap size restricts the storage of links associated with multple programs loaded in your wimdows environment. You can expand the HEAP size so that it is possible to run a lot more applications in the windows environment at the same time.

    Setting up your computers to run multiple eSignal applications on 4 Screens:

    The ideal way to set up your eSignal for trading is with a layout on 4 separate windows where you can have multiple screens or set your eSignal up so you can switch from one page to the other in a second.

    You may have a problem running 4 separate windows of eSignal until you increase your WINDOWS HEAP size. This can be done through the REGEDIT editor. Heap size needs to be increased from 3072 to 10240.

    See microsoft for information.        https://support.microsoft.com/default.aspx?scid=kb;en-us;184802

    HKEY_LOCAL_MACHINE\System\CurrentControlSet\Control\Session Manager\SubSystems\Windows

    The default data for this registry value will look something like the following (all on one line):
       %SystemRoot%\system32\csrss.exe ObjectDirectory=\Windows
       SharedSection=1024,3072,512 Windows=On SubSystemType=Windows
       ServerDll=basesrv,1 ServerDll=winsrv:UserServerDllInitialization,3
       ServerDll=winsrv:ConServerDllInitialization,2 ProfileControl=Off
       MaxRequestThreads=16