Instruction Manual V8 - Learn to trade using simple trading …€¦ · · 2015-12-03Instruction...

Trendsignal Limited Cranfield Innovation Centre

University Way

Cranfield Technology Park

Cranfield, Beds

MK43 0BT

Email: [email protected] Phone: +44 (0)1234 757553

Instruction Manual V8.2

mailto:[email protected]

TABLE OF CONTENTS

INTRODUCTION ............................................................................................................... 9

SETTING UP TRENDSIGNAL ............................................................................................. 11

OVERVIEW .............................................................................................................................. 12

INSTALLATION ......................................................................................................................... 12

Installation of the Trendsignal indicators ....................................................................... 12

Installation of Ensign 10 ................................................................................................. 12

Subscribing to Ensign 10 ................................................................................................. 13

SETTING UP ENSIGN ................................................................................................................. 14

Data Feeds ...................................................................................................................... 16

Charts .............................................................................................................................. 17

Enabling your Trendsignal .............................................................................................. 18

SETTING UP YOUR CHARTS & LAYOUTS ........................................................................................ 20

Quote Page ..................................................................................................................... 20

Managing Symbols ......................................................................................................... 21

Custom Pages.................................................................................................................. 22

Opening a Chart .............................................................................................................. 24

Running the Trendsignal Indicators ................................................................................ 25

Formatting a chart .......................................................................................................... 27

Saving a Layout ............................................................................................................... 28

Linking charts with the Quote Page ................................................................................ 29

Reviewing your markets.................................................................................................. 32

Downloading Data .......................................................................................................... 36

TRENDSIGNAL INDICATORS EXPLAINED .......................................................................... 39

VALUES PANEL ........................................................................................................................ 39

MARKET TREND PANEL / TRENDSIGNAL ....................................................................................... 40

MARKET ACTION PANEL OVERVIEW ............................................................................................ 42

VECTOR AVERAGE .................................................................................................................... 43

STEP STOP .............................................................................................................................. 44

PIVOT POINTS OR SUPPORT & RESISTANCE .................................................................................. 45

SNIPER CIRCLE (“SNIPERS”) ....................................................................................................... 46

EDIT TRENDSIGNAL INDICATOR SETTINGS / COLOURS ..................................................................... 47

TRENDSIGNAL SCANNER................................................................................................. 49

CARRYING OUT A SCAN ............................................................................................................. 49

Select Scan ...................................................................................................................... 50

Select List to Scan ............................................................................................................ 50

Snipers within “N” Bars ................................................................................................... 50

Select Chart Time Frame ................................................................................................. 51

Start Scan ........................................................................................................................ 51

DESCRIPTION OF SCANS............................................................................................................. 51

SCANNING UK EQUITIES ............................................................................................................ 54

Without subscription to UK data .................................................................................... 54

With subscription to UK data .......................................................................................... 55

UK EQUITIES: SCHEDULED SCANS ............................................................................................... 56

RESOURCES AND LINKS .................................................................................................. 58

NEWS LINKS............................................................................................................................ 58

CALENDARS ............................................................................................................................ 58

CHARTING & DATA .................................................................................................................. 58

GLOSSARY OF TERMS ..................................................................................................... 60

License agreement, terms of use and disclaimer

CAREFULLY READ THE FOLLOWING TERMS AND CONDITIONS BEFORE USING THIS PROGRAM.

USING THIS PROGRAM INDICATES YOUR ACCEPTANCE OF THESE TERMS AND CONDITIONS.

Installation and Delivery Policy

The software is installed remotely by Trendsignal Ltd or can be downloaded from our

website. After confirmation of purchase, information will be sent outlining the installation

procedure or alternatively outlining the URL from where the software can be downloaded.

The Trendsignal Manual, and any other accompanying documentation that may be provided

from time to time, will be sent by post to the given address. Electronic copies (PDF version)

of the Trendsignal Manual can be sent upon request.

3rd Party costs The purchase price for Trendsignal software, Trendsignal Real Time and Trendsignal End of

Day, does not include the costs for any associated 3rd party costs. The 3rd party costs include,

but are not limited to; Ensign Software which is the 3rd party generic charting software that

Trendsignal runs on; 3rd party data fees that are compatible with Ensign, which include but

are not limited to eSignal, IQ Feed, BarChart and TraderBytes. Trendsignal Ltd is not

responsible for the performance of any 3rd party provider. For details of Ensign Software’s

Disclaimers please go to http://ensign.editme.com/disclosure.

Proprietary Property The Trendsignal program, product names, user manuals, documentation and other support

materials are either patented, copyrighted, trademarked, constitute valuable trade secrets

(whether or not they or any portion thereof may be copyrighted or patented) or are

otherwise proprietary to Trendsignal.

License and Prohibitions

You may:-

Use the Trendsignal program and accompanying written materials in connection with a

single computer. A copy of the program is being furnished to you along with this license

agreement. If you wish to use this program simultaneously on more than one computer, you

must license additional copies of the program;

Use the program for your personal use or in your business or profession. Permitting

unauthorised users access to the program and program materials is a violation of this license

agreement.

Prohibited Uses You may not without explicit prior written permission from Trendsignal:-

Use, modify or transfer the program, or copy the program in whole or in part, except as expressly provided herein;

Reverse-engineer, decompile or otherwise recreate the program or hardware in whole or in part;

http://ensign.editme.com/disclosure

Make copies of or distribute, for profit or otherwise, or authorize the copying or distribution of the program, hardware, or materials related thereto, except as herein provided;

Make alterations to the program or merge it into any other software;

Grant sublicenses and leases or other rights in the program or program materials to others;

Distribute the program on either a permanent or temporary basis to others;

It is agreed that the violation by you of any of the prohibitions described above shall be a

material breach by you of this license agreement, and any attempt to sublicense, assign, or

transfer any of the rights, duties, or obligations under this agreement, except as expressly

provided herein, is void.

Term The license is effective until terminated. You may terminate it at any time by destroying the

program together with all copies in any form. It will also terminate upon conditions set forth

elsewhere in this agreement or if you fail to comply with any term or condition of this

agreement. You agree that upon such termination you will destroy the program together

with all copies in any form.

Limited Warranty

The program is provided “as is” without warranty of any kind, either expressed or implied,

including but not limited to the implied warranties of merchantability and fitness for a

particular purpose. The entire risk as to the quality and performance of the program is

assumed by you. If the program proves defective, you assume the entire cost of all necessary

servicing, repair or correction.

Disclaimer and Terms of Use Please review the following important information about your Trendsignal

product:

We are not brokers or in any way authorised by the FCA. We do not and cannot give any

investment advice. We are not engaged in rendering any investment or other professional

advice. If you want investment advice, seek a licensed or registered investment advisor.

There are no representations of potential earnings made by us or by you. Only those persons

financially prepared should invest. Any and all trades posted in private or public, of any kind,

should be viewed as hypothetical paper trades and without merit; and if they were accurate,

they may never be able to be duplicated in the future. Your attempt to duplicate any posted

trades may be hindered by the inherent delay in receiving a post AND executing that post,

market liquidity, AND your own trading issues, including, but not limited to slippage,

commissions, trading software, internet outages, psychological factors. The information

contained in this Manual or any service or product we may provide in the future has been

obtained from sources believed to be reliable, however, there is no guarantee to its accuracy

or its completeness. We do not accept responsibility for typographical or verbal errors,

omissions or failure to transmit information in a timely fashion.

The information contained in this website is for educational, entertainment and news

purposes only, reflecting the current personal opinion of us and is NOT designed, construed

or believed in any manner to be Trading Advice. The information in this site is strictly for

Educational Purposes. There is no assurance that any person, corporation or individual, who

uses this news information, news bulletins or any part of the information in or from this

website or chat room service, its officers, directors, employees, associates, or affiliates, will

achieve favourable results. Past performance is no guarantee of future results.

You hereby agree that ANY and ALL trading decisions you make are your own and reflect

your own personal level of risks and trading skills. You also acknowledge and agree that you

are aware of the risk parameters involved in trading and that the leveraged nature of

Trading Futures, Equity CFDs, Options, Foreign Exchange and Spread Betting can cause losses

greater than your account balance. You further agree to accept full, complete and sole

responsibility for any and all results in your trading account. There have been no promises,

guarantees or warranties suggesting that any trade will result in a profit or will not result in a

loss.

Opinions are current opinions only and past results are not indicative of future results. It is

your sole responsibility to know and define the risk before trading. You also hereby agree

that you will not hold Trendsignal Ltd or any of its officers, employees or agents, liable or

responsible in any way for any losses you incur in any trading account. We disclaim any

responsibility for any adverse consequences that might arise directly or indirectly from the

use of any material contained in or from Trendsignal Ltd.

Distribution and/or re-transmission of any of the content provided by us in any form or by

any medium is expressly prohibited.

Trendsignal Ltd does not recommend or endorse specific transactions or trading

methodologies or any advice concerning the value of or advisability of trading Futures,

Equity CFDs, Options, Forex Exchange and Spread Betting. This service is designed to assist

you and provide tools for the understanding of technical analysis of the financial markets.

This is an educational product designed solely to assist you in developing your own personal

methodology if you so desire, JUST AS FREELY AVAILABLE TECHNICAL ANALYSIS BOOKS

FROM THE LIBRARY or BOOK STORE WOULD ASSIST YOU.

Internet Trading Risks

In addition, there are risks associated with utilizing an Internet-based deal execution trading

system including, but not limited to, the failure of hardware, software, and Internet

connection. Since Trendsignal does not control signal power, its reception or routing via

Internet, configuration of your equipment or reliability of its connection, we cannot be

responsible for communication failures, distortions or delays when trading via the Internet.

Our dealer employs backup systems and contingency plans to minimize the possibility of

system failure, and trading via telephone is always available.

Accuracy of Information

The content on this Manual is provided for the sole purpose of assisting traders to make

independent investment decisions. Trendsignal Ltd does not guarantee its accuracy, and will

not accept liability for any loss or damage which may arise directly or indirectly from the

content.

Introduction

Welcome

Thank you for joining Trendsignal.

We know you will enjoy using the software and that by sticking with the rules you will become

a more successful trader.

Before you proceed please understand the following:

Do not regard trading the financial markets as a quick fix for financial issues.

It will take time to become a truly proficient user of Trendsignal.

You should read this manual and training material at least twice. The purpose of this software, and associated software, is to provide a decision support system

that will help you trade more profitably.

We make no guarantees at all as to how much you can make. We make no promises of any

returns of any type from this product. This may seem negative in its presentation, but just like

Rolls Royce have no control over how you drive their cars - so we have no control over how

you use the Trendsignal product.

Most people accept that 90% of traders lose money; often all of it. There are few businesses

where the attrition rate is so high. You have just purchased something that may well give you

the edge you need to be part of the 10%.

If you are new to spread betting and trading then we would recommend you read this entire

manual. If you are an old hand, then we would recommend the same approach - You may

learn something.

Please take your time. Trading is not a race. It will not end in a week’s time. Learn the skill and

then apply the skill.

Thank you again for joining our elite group of traders.

Setting up Trendsignal This manual will show you how to setup Trendsignal. It explains what each of the indicators

are and how they can be used. The latest information and videos on trading strategy can be

found within the Training Academy of the Trendsignal website.

Key considerations

1. Each person will trade in a different way. Trading is described as personal, so what

works for one individual may not work for another.

2. Different traders have different risk appetites and profiles – Find out what suits you.

3. Trading is a business so treat it as such – All businesses need plans, so please

develop and record your own trading plan. What to trade, when to trade, and how

much to RISK are some of the key elements that need consideration.

Some helpful hints when preparing to trade:

You cannot trade when you feel nervous or edgy.

If you worried about something, do not trade. It will affect your trading.

Do not trade when you have had any alcohol or any other form of mind altering substance.

Cut down on caffeine drinks – these will make you more edgy.

Drink plenty of water – dehydration is a trader’s enemy as is affects your judgment.

Ensure that you have a good screen – If day trading you will be watching it most of the day. Perhaps invest in a second screen.

Some of the above items may seem elementary, but they work. We know Trendsignal works

– and we know that to improve your trading results you should heed the above points.

Overview Trendsignal is an advanced analytical product for trading that uses Ensign 10

(www.ensignsoftware.com) as its chosen charting package. Ensign is an advanced product

that has its own comprehensive help section, including detailed training video presentations

that will take you through all the features and functions. We encourage to you to explore and

learn how to use Ensign, since you will be using this charting application every day.

We do however make one recommendation, you use Trendsignal alone. We do NOT

recommend that you add other multiple studies to your charts, however easy this is to do. If

you do, you may well enter into a state known as “paralysis by analysis”. This is a state that

will lose you money.

Ensign is a complex and incredibly powerful product. Trendsignal is simple to get working

within this powerful environment.

The following sections of the manual will take you through how to get both Trendsignal and

Ensign 10 installed on your computer and configured for use.

Installation The following section covers the installation of the Trendsignal software.

You will be required to install Ensign 10 for Trendsignal to operate.

End of Day data is pulled in from an internet source. The end of day data is provided FREE

with your subscription of Ensign 10.

Intra-day data is pushed in from one of the approved data providers. The most

comprehensive and reliable data provider is eSignal which covers all the major global equity,

bond, commodity and Forex markets. But there is a cost to this data depending on which

exchanges you want to trade.

All users have access to a FREE intra-day data feed provided by FXCM. This provides data for

Forex, major cash indices and major commodities such as Gold and Oil. However if other

intra-day prices are required on equities or futures etc then you will need to subscribe to an

additional data feed, such as eSignal.

Installation of the Trendsignal indicators

Trendsignal has been upgraded to work with Ensign 10, which is a more flexible version of

the Ensign charting software. The Trendsignal indicators are available under the studies

button and can be applied easily to any chart.

The next step is now to install Ensign 10, which is the application on which Trendsignal runs.

Installation of Ensign 10

In order for Trendsignal’s indicators to run, you will need to install Ensign 10 onto your

Computer. Go to http://www.ensignsoftware.com/downloads.php and select Download

Ensign 10.

http://www.ensignsoftware.com/

http://www.ensignsoftware.com/downloads.php

To install Ensign 10 click “Download”

1. Run the Installation program as directed. Depending on the browser you are using, you may need to save the file first before you run it.

2. Ensign will be downloaded into its own directory on the C drive. 3. You should also select to have the Ensign Icon on your desk top. 4. Choose the appropriate data feed – This will be FXCM Forex for most Trendsignal

users. 5. Complete the set-up as directed and open Ensign.

Subscribing to Ensign 10

As you know, in order to use Trendsignal, you will need a subscription to Ensign 10. This

needs to be arranged by you within 7 days of initial installation, or the programme will be

de-activated by Ensign.

In order to initiate your subscription, please go to

https://www.ensignsoftware.net/order.php

Please complete the form with your personal details:

To find your Ensign ID, launch the Ensign 10 application and go to “Set-Up | System |

Security”. You will see it there.

Choose the Data Source you will be using. This is likely to be “FXCM Forex” for most

Trendsignal users.

https://www.ensignsoftware.net/order.php

Submitting your Order will initiate your monthly subscription. After the initial subscription

has been made, you can manage your order by contacting the Ensign billing team:

http://www.ensignsoftware.com/contact.php

http://www.ensignsoftware.net/contact/pricing.php

Setting up Ensign Ensign has comprehensive help files (click on the Help button in the main menu), including

Training Video files (“Video”) but the following is designed to assist in the basic set-up that

can be used for Trendsignal users.

Click Set-Up and select Charts to launch the various options.

The first tab “Properties” should appear as seen below. Please ensure that the settings on

your own Properties dialog box are the same as those shown below.

Most of these are either fairly self explanatory or not really required for our purposes.

We note some of the major points below:

Cursor Style – Select “Big Cross”. This ensure you have a major horizontal and vertical line on

the charts where you cursor is. It is very visual and easy to interpret. To the right of Cursor

Style the Properties section should be set up as per the above. If you have multiple

timeframe charts open, these setting will ensure that the cursor position on one timeframe

is tracked on all other timeframe charts that you have open. This makes things much easier

when looking back at historic charts and trading opportunities.

http://www.ensignsoftware.com/contact.php

http://www.ensignsoftware.net/contact/pricing.php

Please note that the “Show this Time Zone on Charts” should be set to the time zone where

you are using the software. In the example below, the Time Zone is set to London (i.e. UK

time).

The remaining tabs; Settings, Panels, Keys, Tools, Studies, ColorBars & Menu can be left

alone with the default settings.

Auto-Refresh

It is important to ensure the data on your charts is accurate.

You can easily refresh the data to ensure there are no strange “gaps” in the data that

shouldn’t exist by right clicking on a chart, and selecting Refresh, and then the time period

you want.

However, on Ensign 10, there are a couple of shortcuts. By going to Setup | Charts | Settings

you will open the below screen with the Auto Refresh option. Here you have 2 options:

1. Auto Refresh – This allows a certain type of period refresh of the data when you

open the chart. Make this a good period, and not too short. The below should be

fine.

2. Refresh Databases on Program Run: Here you can make it so that when you open

Ensign 10, it will run a refresh on the basis set for all instruments you have within

Ensign. This is a great feature but can slow the programme down when you first

launch Ensign.

A nice feature here is the manual “Refresh All Open Charts” option. The is a great timesaver

to refresh the data for any chart you have open.

Data Feeds

To launch and set-up data Feeds, click on Setup | Feeds on the Ribbon. As previously

discussed, data is required to power Ensign and Trendsignal. There are a number of data

source options available.

If you are paying for a 3rd party data feed, then select the correct feed such as using eSignal

or Interactive Brokers etc. To setup, you should seek instructions from the help button (“?”

found in the top right corner of Vendor Feeds dialog box) for the latest instructions on the

Ensign website.

When you install Ensign 10 you may well have ticked FXCM as the data source which for

most users is the most cost-effective choice. FXCM provides real-time data on an excellent

selection of Forex, Index and Commodity markets and is provided FREE with your Ensign 10

subscription.

Ensure that the “FXCM Server 1” or “FXCM Server 2” is selected as above. To ensure a full list

of markets is shown in the Forex section of the Quote page, ensure there is a tick in the

“Receive All Symbols” box.

Charts

Go to “Set-Up | Charts” to launch.

Here we can make a lot of configuration changes to the appearance of the charts. You can

play around with many of these, but we recommend the below settings:

Most of these are either fairly self explanatory or not really required for our purposes.

We note some of the major points below:

Cursor Style – Select “Big Cross”. This ensure you have a major horizontal and

vertical line on the charts where you cursor is. It is very visual and easy to interpret.

Properties – Set-up as above. If you have multiple timeframe charts open, these

setting will ensure that the cursor position on one timeframe is tracked on all other

timeframe charts that you have open. This makes things much easier when looking

back at historic charts and trading opportunities.

See charts above. Notice the black lines tracking the cursor position on all three charts.

Enabling your Trendsignal

The next process will enable you to obtain your Trendsignal ID number or Ensign CID

number. You need to send this to Trendsignal Ltd so that your software can be enabled

remotely.

There are two methods for obtaining your TS ID / Ensign CID number.

In the main menu bar, double click in the top right section – see below.

The ID numbers will appear as follows, and will stay on screen for 30 seconds.

This Number, LE321989 should then be emailed to [email protected] to be enabled.


Alternatively the Ensign CID number can be obtained from Setup | System | Security.

The screen should then be displayed as follows:-

The CID number in the middle of the above dialog box, identical to the TS number, should

then be emailed to [email protected] to enable the software.

Trendsignal support will enable software as soon as possible between the hours of 8am and

6pm.

When you now open the Ensign programme, the Trendsignal indicators should now be ready

to run.

CID number


Setting up your charts & Layouts Prior to opening up a chart and applying the Trendsignal software, it is important to set up

“Layouts”. Ensign can display several charts, quote pages, and windows at the same time. A

collection of open windows is called a Layout. Layouts remember the window locations and

sizes, and enable you to view your favourite charts and quote pages without having to

repeatedly open, size, and move windows to the locations you are accustomed to.

To set up a Layout it is important to decide how you want the charts and Custom Quote page

to look. You can set Layouts to have just one chart, or several. You can look at multiple

markets and / or multiple timeframes at the same time. If you have multiple monitors, you

can spread your Layout across multiple monitors.

Ensign 10

One of the unique design concepts of Ensign 10 program is the Ribbon, from where all of

Ensign's features are accessed. Any window that you open (including charts and quote

pages) can be dragged, sized, and located anywhere on your desktop that you like (including

multiple monitors). However, if you prefer to have all your windows within a program

window then select from the ribbon Setup | System | and then select “Desk Environment”

and check the “Enable” box.

This chapter will explain how you can customize your own Layouts and how to save them for

convenience.

Quote Page

Click on Main | Quote button to open the Quote window.

The Quote window will appear. The Quote page will open with the Custom Page.

Vendor pages display the current price

for every symbol collected from a

vendor and are listed in alphabetical

order. A button bar at the bottom of the

quote window is used to switch vendor

pages. The buttons show 2 letters to

indicate the vendor. Hover the mouse

over the button to show the vendor

name in the button's hint. The example

shows the FXCM Forex vendor page. To

select this FX page from FXCM, click on

the “FX” tab on the button bar at the

bottom left.

We recommend that the Quote page is

then sized to fit in at the left hand side of

the monitor.

If using the free FXCM data feed, you will

notice that the symbols are automatically

added to the FX page.

Reminder: To ensure you have the full list

of markets from FXCM, make sure that

you have checked “Receive All Symbols”

box in the Setup | Feeds | Data Feed

section.

Managing Symbols

The symbols on the vendor pages come from the symbol lists on the Setup | Feeds form.

Symbols can be added or removed from these lists by clicking within the list.

Alternatively, symbols can be added to a Custom Quote List / Vendor list by clicking “Ctrl + S”

together or Right mouse click, and select “Add Symbol”.

Insert the symbol code in the box

indicated and click Add. The new symbol

will sort alphabetically into the vendor

page and make the same addition to the

vendor's Setup Feeds symbol list.

Internet Services and End-of-Day data

If you want to download data for other markets, you will need to set-up the Download List

within Internet Services so that all instruments can be downloaded simultaneously at the

end of the day. The Internet Services dialog box is used to download program upgrades,

documentation updates (manuals), and various data files.

Please see “Downloading Data” for details about how to download data.

These symbols will automatically populate the individual quote pages although the Custom

quote page will have to be manually added to (as described above). Any instrument can be

placed into the Custom Page.

Custom Pages

You can setup your own Custom list within the quote board. To do this, click in the blank box

at the top, and type the name for your list.

Select the box next to Custom at the top

of the page and type in your new Quote

page name. In this example “Portfolio” is

typed in.

Hit the return key, and a new tab will

appear, as indicated below, see

“Portfolio”. This new “portfolio” list can

now be populated with any symbols so

required.

Any list can be populated by using “Ctrl +

S” as indicated above, or symbols can be

transferred from a different market list.

For example, individual symbols in the

“FX” list (FXCM if you hover over the tab)

can be transferred into any list by doing

the following:

1) Click the Tab list (“Portfolio” in

this example) that you want to

move the instrument into.

2) Now click on the “FX” button to

find your list of symbols.

3) Click on the symbol in the list to

highlight then click “Transfer” to

copy the symbol into the Portfolio

list from the UK list.

4) Your instrument will now appear

in your Custom List. You can

repeat this as many times as you

like.

TIP: If you would like to see more about the Quote Page, watch Ensign’s own video on the

topic - http://www.ensignsoftware.com/evideo/Quote/Quote.html

A full list of video help files from Ensign can be found at:-

http://www.ensignsoftware.com/support/videos.php

Opening a Chart

With the Quote page positioned to the left side, now double-click on an instrument in the FX

Quote page. This will open a new chart. By default, this will be a Daily chart.

Resize the chart window to suit your screen size and preference.

http://www.ensignsoftware.com/evideo/Quote/Quote.html

Remember - Ensign does not have a program window that contains your charts and other

screens. Instead, all of Ensign's features are accessed from the menu Ribbon. Any window

that you open (including charts and quote pages) can be dragged, sized, and located

anywhere that you like (including multiple monitors).

Running the Trendsignal Indicators

Our Trendsignal indicators are hard coded into Ensign and are available as a Study.

Take a blank chart, only displaying the candlesticks as in the above image.

Click on the Studies icon which is located in the Chart Toolbar at the top of the chart. A

list of Studies will be displayed.

Scroll down and select Trendsignal.

The Trendsignal indicators will now be placed on the open chart.

The Trendsignal indicators should all be loaded up and the chart should look like the one

shown below

To complete the formatting of the chart, the studies and lines need to be locked.

In the Chart Toolbar at the top of the chart there are a number of icons. Click on the red

candlestick which is the Controls icon.

The Chart Controls dialog box appears with a number of controls.

Ensure that the “Lock Studies” and “Lock Lines” are set to locked. The padlocks will lock and

re-open when they are clicked. Please ensure that they are locked.

Formatting a chart

The charts can be set to any colour to suit your preference.

To set these preferences, open up the Properties dialog box from the Chart Tool ribbon.

Un-locked Locked

Choose your preferences.

We recommend:

1. Bar Style is Solid Candles 2. White background 3. Black “Big Cross” (cross hair on the chart). 4. Colour bars should be set to “Close vs. Open”.

When the above has been completed and the preferences selected, click Save Default and

then OK.

PLEASE NOTE: These setting changes are only stored if you save your Layout.

Saving a Layout

When the various windows have been positioned in the required positions you are now in a

position to Save the layout. The layout will remember every detail of each window that is

opened. The screen will be memorised with all the open windows, studies, and tools. There

is no limit to the number of layouts that can be saved.

This is a time saver and prevents you from having to go through the whole process every

time you load the software.

To save a Layout go to main Ribbon and select Main | Layout, or right-hand click in the

middle of a chart and select Layout Panel.

A new window will appear (see left).

To save a new Layout, click “Save As” and

name your Layout. To save over an

existing Layout, click on the Layout you

want to overwrite, and click “Save”.

The Layout is now saved and will appear

in the Layout Panel.

The Layout at the top of the list is the one

that will open automatically when you

launch the software. It is therefore

recommended that you choose the Layout

you will use the most or a watch list as the

first in the list.

The timeframes and markets you choose should depend on your trading style and lifestyle.

Intra-Day users you may wish to set up a 15, 60 and 240 minute combination. Longer term

traders should look at 240, Daily and Weekly or perhaps the Daily, Weekly and Monthly.

Your PCs resources may be diminished the more charts you have opened.

TIP: Link the chart(s) in your Layout to the quote page.

Linking charts with the Quote Page

Your screen can become rather untidy if you have to keep opening a new chart for every

market you with to review. By double-clicking each market in the Quote Board, you will open

a new chart, you then have to select the timeframe and run the Trendsignal indicators. This

is time consuming and unnecessary because Ensign 10 has a Symbol Linking feature.

Symbol linking allows various opened windows to be linked together so that the market you

select from the quote board will automatically change the existing charts you have open,

rather than open a new window:

Click on the left-hand square referred to as a Symbol group. Black means no linking in place:

Select one of the colours from the palette.

Link the chart to the Quote Page by going

to the Quote window and clicking on the

Symbol Group square. The colour selected

should be the same as the colour selected

for the chart symbol group above.

Select Without symbol linking, looking at a new market will open a new chart, see below:

But, if you would prefer all the existing timeframes to change to the market you want to look

at, ensure the symbol linking is there on all charts and the quote board. Selecting a new

market on the quote page will then change all linked charts to the market you want.

TIP: Save your Layout to ensure these settings are saved.

Reviewing your markets

To monitor the markets you want to look at, open up the Layout that you would like to use.

For example day traders may want to look at “15, 60, 240” layout whilst longer term traders

may want to look at the “D W M” layout.

From the quote board, open the chart by double-clicking on each instrument that you wish

to review. If you have the symbol linking in place, each chart will change to the market you

want to look at.

For example, using the D W M Layout, double click GBP/USD+ on the Quote Board. This will

then change all 3 charts to GBP/USD, namely the Daily, Weekly and monthly GBP/USD

charts.(See next image)

You can then repeat the process for any market you wish to analyse, by double clicking the

next market in the list and so on…

TIP: If you are wanting to cycle through a large number of markets, click on the Red Candle

to open Chart Controls and use the “Scroll Up” and “Scroll Down” buttons. Clicking these

buttons below will allow you to quickly move to the next market in your list.

TIP 2: This can be helped further by using an Auto Scroll feature. When enabled, Auto-Scroll

will scroll through the symbols in the selected quote page at a defined Scroll Speed,

displaying each instrument in the chosen layout.

The Scroll Speed (in seconds) to pause between each chart can be specified by selecting

Setup | Charts | Settings from the ribbon (see below). To change the Scroll Speed, simply

change the value (in seconds) to the desired scroll speed. Please allow enough time for the

data to refresh.

To enable Auto-Scroll, go to a Chart and right click to bring up the chart pop-up menu.

Select Auto-Scroll from the pop-up menu – this is the eighth element from the bottom of the

menu.

This is a great time saver if scrolling through lots of markets such as the components of the

FTSE 100 index.

Select Auto Scroll to

enable the scroll feature

Downloading Data

To download data for a particular instrument the symbol code must be added to the

Download list.

Select Internet from Ribbon | Setup.

The Internet Services dialog box is then used to organise and download the required data.

Click on the Data tab as per the following image.

Please note that much of the data that feeds into the Quote pages is pushed automatically

(see Feeds). The Download instructions explained here is for data that needs to be pulled in

on an End-of-day basis for longer term analysis and trading.

The time frames for End-of-Day users are D (Daily), W (Weekly) and M (Monthly). It is

important that these Time frames are set-up as shown in the frame above. To insert a

symbol, position the cursor in the download column and type in the code and then enter to

move to a new line to insert another symbol.

The Download list is separated into 9 tabs as shown in the next frame. Different groups of

symbols can be organised into separate tabs if required, or they can all be left in the first tab.

Please note that, if symbols are organised in this way, each Tab will need to be downloaded

separately.

To download your End-of-Day data for your selected instruments, click on Download D, W,

M. (For the FTSE 100 Equities, select the UK Data Refresh Source)

The symbols will download in the order that they are set out in the list. The Daily data will be

downloaded first followed by the Weekly then Monthly. The end of the download is

indicated when the word Finished appears. The more symbols you have, the longer it will

take.

If the download has been done correctly,

you will now see the symbols appear into

their correct section of the Quote Board.

For example, UK stocks will automatically

show within the “UK” button as shown in

the image to the left.

For help with symbols please go to “Help |

Symbols”

Trendsignal Indicators explained

Values Panel

The area in the highlighted BOX is your “Trendsignal Values Panel”.

The values are (top to bottom):

TS _Trendsignal – This is the value of the “Trendsignal” itself. In the chart above it reads

85.90.

MAJOR RESISTANCE – in this case 1663.93 (in red)

MOVING AVERAGE – in this case 1567.74 (in orange)

MAJOR SUPPORT – in this case 1471.55 (in green)

The next set of values are you MINOR levels

MINOR RESISTANCE – in this case 617.10 (in grey)

MINOR SUPPORT – in this case 572.59 (in grey)

VA_Trendsig contains the values for the “Vector Average”. In the chart above it reads

1571.92.

Market Trend Panel / Trendsignal

The Trendsignal Market Trend panel is the highlighted area in the above chart.

Using this panel will require some experience. DO NOT BE FOOLED by the colour coding – it is

there to help you, but you MUST take time to get the hang of this.

The Trendsignal Market Trend Indicator (“the Trendsignal”) is used in conjunction with the

other indicators and is useful in assessing a potential change in the trend. This will become

clearer in later sections and as you watch the screen when you are trading.

The Trendsignal is a momentum indicator and measures the feeling of the buyers and sellers

in the market.

A rising green line means “people expect prices to go higher” and are buying.

A falling red line means “people expect prices to fall” and are selling.

The following is a sample chart of the buying/selling pressure being put into the market:

In the above example you can see price started to fall when the Trendsignal started to point

down, and the Trendsignal line turned red.

Notice this happened when the Trendsignal was close to the 90% line on the chart. Notice

also that when the Trendsignal line reaches the 10% level, there will be an increased risk that

it could turn green and signal a reversal back up in the price.

TIP: Look at the training videos in the Training Academy for videos on how to use each of the

indicators:

http://www.trend-signal.com/login

http://www.trend-signal.com/login

Market Action Panel Overview

The Market Action panel is highlighted above. It comprises the price chart and the main

Trendsignal indicators.

All the indicators will be loaded automatically when a chart is selected and the data

downloaded.

You can set colours and candlesticks how you like (See “Formatting a Chart” above).

Vector Average

The Vector Average is arrowed above. The Vector Average is an advanced moving average

and is designed to get you in a trade and keep you in a trade for as long as possible.

The Vector Average is GREEN when the trend is up and RED when it is down.

It is also very useful for timing breakout trades following price congestion. When price

congests and then breaks out of this type of formation, the Vector Average must support

this type of move.

For a long breakout trade the Vector Average must be green whilst a short trade must be

supported by a red vector average.

You must exercise caution when you trade against the Vector Average (VA).

Step Stop

The Step Stop is a guide for trailing a stop. The objective to trailing a stop is to give the trade

an opportunity to develop further whilst attempting to protect un-realised profits.

The Step Stop is there to help you hang on to your money. In many ways the first rule of

trading is stop losing money. Once this has been done, making money often seems simple.

The Step Stop represents the MAXIMUM risk that could be recommended on any trade at

any point. Some people add a little on to or take a little off of the Step Stop (usually

depending on their broker) but in general it is a good idea to keep your stop close to the

Step Stop.

TIP: At the beginning of your trading with Trendsignal, we prefer you adopt a “Set and

Forget” strategy, using a fixed stop and target at the beginning of the trade and running until

one is hit. Consult with your coach about this. For this reason the Step Stop is hidden by

default on first install. To change these settings see Edit indicator Settings / Colours.

Pivot Points or Support & Resistance

The Pivot Points or Support and Resistance numbers and lines are automatically generated

by Trendsignal. Three of these Pivot Points are outlined in black boxes in the chart above.

The colour of the Pivot Point and line denotes whether it is providing support or resistance

at the outset. The key point about support and resistance is that when key support is broken

it then acts as resistance, and when resistance is broken it then acts as support.

Note 1: Pivot Point and support line left at 138.00

Note 2: Price trends lower, eventually leaving Pivot Point and support line at 136.49

Note 3: Price rotates higher, eventually testing the earlier Pivot resistance line (Note 1), touching a high at 138.01. Another Pivot point is left at 13.88 as the price declined further.

Note 4: Price trends lower, having failed at the 138.00 level, and test the original Pivot Point and Support line left at 136.49 (Note2).

Pivot Points and support / resistance lines are best considered as magnets. They operate in a

similar fashion to magnets to the extent that the lines will attract and repel prices. When the

price breaches the Pivot line (whether it be a support or resistance line), the line will then

provide the same influence in attracting and repelling the price.

In terms of application, the Pivot Lines and support / resistance lines are very useful for

managing risk. When taking a short or long trade, the trend is confirmed in most cases with a

Pivot Point. The level of the Pivot Point is key for managing the risk. The stop is often placed

below the Pivot Point in a long trade and above it for short trade.

Sniper Circle (“Snipers”)

“Sniper Circles” or “Snipers” are yellow circles with either a red perimeter, which denotes a

sell or start of a downtrend, or a Green perimeter, which denotes a buy or the start of an

uptrend.

“Sniper Circles” or “Snipers” are fully automated and are an important indicator for use in

identifying trend changes. They appear when Trendsignal detects a potential major reversal

point in price and they ONLY appear when Trendsignal believes you have THREE valid

reasons for entering a trade.

When a sniper first appears you should consider taking profit if you are already in a trade. In

the example above, the first sniper is in RED and follows a long up trend. At the very least if

you are long, bank your profit. You can consider a short trade at this point, but you may

wish to be prudent and wait for the Vector Average (VA) line to change colour.

Please Note:

On occasions Trendsignal will remove a sniper circle. Generally a trade will already have

been stopped out by this point. If not however this removal is a warning sign that

Trendsignal no longer has 3 valid reasons to be in the trade. You may choose to react any

way you want, but we would always cut a trade if the sniper is removed. Safety is the best

way in our opinion.

Edit Trendsignal indicator Settings / Colours

The settings of the Trendsignal indicators can be changed to suit individual preference.

When first installed the Step Stop indicator is set to be hidden, although this setting can be

changed. However we do not recommend removing or hiding any of the other indicators.

The main reason why the Indicator Settings need to changed is due to colour preference.

Some users may have colour blindness or colour vision deficiency with difficulty perceiving

colour differences. For example, if you have difficulty distinguishing between red and green,

the indicator colours can be changed to colours that can be distinguished more easily.

To Edit the Trendsignal Indicator settings click on the Objects icon in the Chart toolbar – see

below.

The Chart Object dialog box displays the indicators.

To view and edit the settings click on the Properties tab.

The Trendsignal Properties dialog box contains the settings for all the indicators.

The settings should be as shown below. To change any of the colours for the indicators,

simply click the colour box relating to that indicator.

The colour palette can be used to select a colour suitable to your own preference.

Make the colour selection and check the “Use as Default” box to ensure that the colours

remain the same when Trendsignal is applied to charts in the future.

Trendsignal Scanner

The Scanner has been designed with equity traders in mind although the scan functions can

be used to scan any market lists. For equity traders who use Trendsignal to trade individual

equities, the Trendsignal scanner will enable the user to scan for trade set-ups in all the

individual constituents of the main market indices, Forex pairs, Indices and commodities.

Trendsignal provides default lists of the main markets, including:-

FTSE100, FTSE250, S&P100, DOW, NASDAQ100 & FXCM

In addition 5 customisable lists are provided for bespoke lists of instruments that the user may

wish to scan. To access the Scanner click on the Ribbon and select Setup | Chart Scanner.

The Chart Scanner window will appear. If you have subscribed and been enabled for

Trendsignal Scanner, the Chart Scanner will automatically default to the Trendsignal tab,

highlighted in yellow; If not enabled then the Trendsignal tab will be hidden and the Chart

scanner will default to Setup.

Carrying out a Scan

The Trendsignal scanner components are as follows:-

Select Scan

1 Select scan – The Symbol List will

be scanned and Report which Symbols

meet the following scan criteria.

The Trendsignal Scanner has a number of

scans, which can be selected from the

drop-down list.

Select List to Scan

2 Select List to Scan

A number of default Lists are provided for

scanning. The Lists are viewed in the drop-

down box. Click on the required list to

populate the symbol list with the

instruments to be scanned.

Snipers within “N” Bars

3 Snipers within “N” bars

The scanner can look back up to 20 bars

for the occurrence of Snipers. Click on the

drop-down box and select the number of

bars that the scanner will look-back. For

most users we suggest 3 bars, which will

return the results of the scan criteria

looking back 3 bars.

Select Chart Time Frame

4 Select Chart Time Frame

The scanner can perform scans in a

number of standard time frames. Click on

the drop-down box and select one of the

default time frames required. If you would

prefer to scan a different time frame,

simply input the number in the Select

Chart Time Frame box.

Start Scan

5 Start Scan

When the selections are made, click Start

Scan and the Trendsignal Scanner will cycle

through all the instruments in the Symbol

List. Any Symbols that meet the criteria will

be displayed in the box “Symbols Meeting

Criteria”.

To display a Chart for the Symbols Meeting

Criteria, double-click on the Symbol and

the chart will open in the time frame

selected.

Description of scans

1 “Report Sniper Circle within the last “N” bars.”

The Scanner will cycle through the Symbols in the selected list searching for a Sniper

in the last “N” (No. Of) bars. We recommend that this is kept at 3 (days).

2 “Report Sniper Circle, and 2nd Chart time frame’s Vector Average corresponds with

direction.”


within “N” bars (As above) AND where the direction corresponds with that in the

second chart. To display the Charts for the symbols meeting the criteria, click on the

instrument and two charts will open up, in the time frames of those selected in the

criteria. (see next image)

3 “Report Sniper Circle, and Vector Average and Trendsignal lines corresponds with

direction.”


within “N” bars (As in 1) AND where the Vector Average and Trendsignal lines

correspond with the same direction (As the Sniper). This scan is similar to 1 but does

not include Snipers where not supported by the Vector Average and / or Trendsignal

line.

4 “Report Sniper Circle, Vector Average, Trendsignal lines and 2nd chart’s Vector

Average correspond.”


within “N” bars (As in 1), where the Vector Average and Trendsignal lines

correspond with the same direction (As the Sniper) AND the 2nd chart’s Vector

Average correspond. This scan is similar to scan 2 but also requires the Vector

Average and Trendsignal lines in first time frame to correspond.

5 “Report Vector Average, Trendsignal lines and 2nd chart’s Vector Average correspond

with Direction.”

This scan is similar to scan 4 except it does not require a Sniper.

Scanning UK equities Trendsignal users can scan UK equities using two methods. Without or With Subscription to

UK data.

Without subscription to UK data

In order to ensure that the UK data results use reliable data, the scanning of UK data is

carried out slightly differently. UK end-of-day data is scanned by Trendsignal from a reliable

source and the results are uploaded to a server, without the need for the Trendsignal user to

subscribe to the data.

When FTSE100 or FTSE250 list is selected the Chart Scanner dialog box includes a Download

Scan button in the bottom right of the box.

To scan UK equities (FTSE100 and FTSE250 constituents) chose the variables in the

Trendsignal components click on the Download button.

The only difference when scanning the FTSE100 and FTSE250 lists is that instead of selecting

“Start Scan”, the button “Download Scan” should be selected.

Please note that “Snipers within N Bars” is fixed at 3 bars and cannot be altered.

The scan results will then be downloaded into the “Symbols meeting criteria” box in the

same way as other scans. To open the chart for the scan results, double-click on the symbol

and the chart will open up.

With subscription to UK data

Please For Trendsignal users that have a paid-for subscription to UK data, the scan should be

performed by clicking on the Start Scan button (as opposed to the Download button) in the

usual way.

Please note that, unlike the download Scan limitation, the Snipers within N Bars can be set

by user preference (we would still recommend 3 bars as the default).

The scan results will be downloaded into the “Symbols meeting criteria” box in the usual way

as with other scans. To open the chart for the scan results, double-click on the symbol and

the chart will open up.

UK Equities: Scheduled scans

The following table details the scheduled scans that are carried out on the FTSE100 and

FTSE250 and uploaded to the server.

Daily Scan at 5.30pm UK time

Scan 1 FTSE100 3 bar Daily

Scan 2 FTSE100 3 bar Daily Monthly









Weekly scan - Friday at 5.30pm UK time

Scan 1 FTSE100 3 bar weekly






Monthly Scan - Last business day at 5.30pm UK time

Scan 1 FTSE100 3 bar Monthly

Scan3 FTSE100 3 bar Monthly





Resources and Links

News Links Market Watch - http://www.marketwatch.com/ Reuters News - http://uk.reuters.com/ Bloomberg News - http://www.bloomberg.com/news/ News Now - http://www.newsnow.co.uk/h/Business+&+Finance Digital Look News - http://www.digitallook.com/dlmedia/news ADVFN - http://uk.advfn.com/ Financial Times - http://www.ft.com/home/uk The Economist - http://www.economist.com/economics

Calendars Forex Factory - http://www.forexfactory.com/ Daily FX - http://www.dailyfx.com/calendar MoneyAM (UK Corporate Earnings) - http://www.moneyam.com/forward-diary/ Earnings.com (US Corporate Earnings) - http://uk.reuters.com/business/markets/earnings?country=USA&viewBy=type

Charting & Data Ensign - http://www.ensignsoftware.com/ Yahoo Finance - http://finance.yahoo.com/ eSignal - http://www.esignal.com/ Traderbytes - http://www.traderbytes.com/

http://www.marketwatch.com/

http://uk.reuters.com/

http://www.bloomberg.com/news/

http://www.newsnow.co.uk/h/Business+&+Finance

http://www.digitallook.com/dlmedia/news

http://uk.advfn.com/

http://www.ft.com/home/uk

http://www.economist.com/economics

http://www.forexfactory.com/

http://www.dailyfx.com/calendar

http://www.moneyam.com/forward-diary/

http://uk.reuters.com/business/markets/earnings?country=USA&viewBy=type

http://www.ensignsoftware.com/

http://finance.yahoo.com/

http://www.esignal.com/

http://www.traderbytes.com/

Glossary of terms

Arbitrage

The simultaneous purchase and sale of identical or equivalent financial instruments to

benefit from a discrepancy in their price relationship.

Ask

Also called "offer". The price that the market participants are willing to sell.

Bear

One who believes prices will decrease.

Bear Market

A market in which prices are declining.

Bid

The price that the market participants are willing to buy.

Bull

One who expects prices to rise.

Bull Market

A market in which prices are rising.

Call

An option to buy a share, bond, commodity or FX contract at a specified price any time

between now and the expiration date of the option contract.

Candlestick Analysis

Graphical analysis of price movement whereby the price for each period is displayed as a

Candle. The shape of each candle depends on the open, high, low and closing price for the

instrument under consideration.

Capital Gains Tax (also referred to CGT)

Tax required to be paid on all Capital Gains (including gains on options to buy a share, bond,

commodity or FX contract at a specified price any time between now and the expiration date

of the option contract).

Close

The period at the end of the trading session.

Commission

The fee charged to a customer when a CFD contract is opened or closed.

Contract

A bilateral agreement between the parties (buyer and seller) of a CFD transaction.

Contracts for Difference (CFD)

The most common CFD is the Equity CFD. A CFD is a product with no expiry, based on

underlying an instrument such as a share, stock index, bond, commodity or foreign exchange

price. There is no receipt or delivery of the underlying instrument, such as a share certificate

in the case of an Equity CFD. The result of the trade is the cash difference between the

bought and sold price.

Day Order

An order that is placed for execution during only one trading session. If the order cannot be

executed that day, it is automatically cancelled.

Day Trading

Refers to establishing and liquidating the same position or positions within one day's trading.

Dailies or Daily Stock Index CFDs

Dailies are Stock Index CFDs that can be set to expire automatically at the next settlement

price (at the end of the day). Dailies are used for short-term trades and typically have a

narrower spread on the quoted dealing price.

Exercise Or Strike Price

The price at which the holder (buyer) may purchase or sell the underlying contract upon the

exercise of an option.

Expiration Date

The last day that an option may be exercised into the underlying contract.

Foreign Exchange

(Also referred to as Forex). The method for dealing in currency between two counties with

different currencies. The rate to change one currency into another is referred to the Foreign

Exchange or Forex rate.

Hedge

Hedgers are individuals and firms that make purchases and sales for the purpose of

establishing a known price level for something they later intend to buy or sell in the cash

market.

Holder

One who purchases an option.

Initial Margin

Also known as Initial Deposit or Notional Trading Requirement. The funds required when a

trade (whether a long or short position) is opened.

Limit Order

An order given to a broker by a customer that specifies a price; the order can be executed

only if the market reaches or betters that price.

Limited Risk Trade (Also referred to Controlled or guaranteed risk)

A facility that allows the client to control his risk. A limited risk trade normally would be

accompanied by a stop this is guaranteed. In a volatile market, if the price gaps through this

stop level then the client is guaranteed the stop price level. The Limited Risk Trade requires

an additional commission payable at the time the trade is opened.

Liquidation

Also referred to as offset. Any transaction that offsets or closes out a long or short position.

Long

One who has bought a CFD contract to establish a market position; the opposite of Short.

Margin (also known as a Maintenance Margin)

A sum that is required to make good any adverse movement in a CFD trade. Margin

requirement is calculated with reference to the opening price and the current market price.

Margin Call

A demand for additional funds because of adverse price movement.

Mark-To-Market

The daily adjustment of margin accounts to reflect running profits and losses.

Market Order

An order for immediate execution to buy or sell at the best obtainable price.

Minimum Price Fluctuation

Smallest increment of price movement possible in trading a given contract, often referred to

as a tick.

Offer

Also called "ask". Indicates a willingness to sell a CFD contract at a given price.

Offset

A sale will offset a bought position and a purchase will offset a sold position.

Open Order

An order that is good until it is cancelled or executed (Sometimes referred to as a GTC).

Opening, The

The period at the beginning of the trading session during which all transactions are

considered made or first transactions were completed.

Opening Price (Or Range)

The range of prices at which the first bids and offers were made or first transactions were

completed.

Option

A contract giving the holder the right, but not the obligation, hence, "option," to buy or sell a

contract in a given instrument at a specified price at any time between now and the

expiration of the option contract.

Position

An interest in the market, either long or short, in the form of open CFD contracts.

Put

An option to sell a share, bond, commodity or FX contract at a specified price any time

between now and the expiration date of the option contract.

Quote

Refers to the current price in the market. The quote is a two-way price comprising the bid

and offer - the bid price is where you can sell and the offer where you can buy.

Rally

An upward movement of prices.

Range

The high and low prices or high and low bids and offers, recorded during a specified time.

Settlement Price

The closing range is used to determine the official Settlement or Closing Price. The

Settlement or closing prices are used to determine gains, losses, margin calls for customer’s

accounts.

Short

One who has sold a CFD contract to establish a market position and who has not yet closed

out this position through an offsetting purchase; the opposite of long.

Short Hedge

The sale of a CFD contract in anticipation of a later market sale. Used to eliminate or lessen

the possible decline in value of ownership of an approximately equal amount of the cash

instrument.

Speculator

One who attempts to anticipate price changes and, through buying and selling, aims to make

profits; does not use the markets in connection with the production, processing, marketing

or handling of a product. The speculator has no interest in making or taking delivery.

Spread Trade

Refers to the use of a spread bet. These instruments are a form of margined product

whereby the user trades a spread on an underlying instrument. Spreads are typically wider

that the market price. Gains from Spread Betting are treated as a Bet.

Stamp Duty

A duty levied on the purchase of securities. Currently there is no Stamp Duty payable on UK

Equity CFD trades. Similarly international Equity CFD trades will not be subject to any local

sales taxes.

Stop Order (Or Stop Loss)

An order to buy or sell at the market when and if a specified price is reached.

Technical Analysis

The use of graphs and statistical data studies to analyse the price movement of an

instrument.

Tick

Refers to a change in price, either up or down.

Trend

The general direction of the market.

Volume

The number of transactions made during a specified period of time.

Instruction Manual V8 - Learn to trade using simple trading …€¦ · · 2015-12-03Instruction...

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