OmniTrader Tips
Greetings once again from Nirvana Systems. OmniTrader provides you with a number of different profiles. However, if you wanted to look at the signals in each different profile, you would have to open each profile separately. Wouldn't it be nice to be able to see all of the profiles results at once? Well, in OmniTrader you can create what is called a Master Profile to do just that.
First, lets define a Master Profile. A Master Profile is simply any profile in OmniTrader that displays the signals from other profiles. A Master Profile is already set up for you (called Master) or you can make any other profile in OmniTrader a master profile by following a few simple steps. Setting up a Master Profile is easy, so let's look at the process.
In this example, we are going to create a Master Profile for End of Day stock analysis (Master Profiles are not available in Real Time). We want to see the signals that are generated in our Master Profile's testing (this profile uses the default settings) as well as the signals that are generated in the Swing and Trending Profile.
Step 1 - Setting up the Focus List
Open up your Master Profile (File, Open) . Now
click on the wrench 
at the top of your Focus List. You will see a
table appear like the one pictured below:
The Profile Signals tab shows all of the similar profiles (Stocks, Futures, etc.) in
your OmniTrader
which are available to be added to your Master Profile.
If you click on the Profile Signals tab, you will see all of the profiles in your OmniTrader for this type of security (Stocks, Futures, etc.). We are going to highlight the SWI (Swing Profile) column and click the Add button. Next, we will do the same for the TRE (Trending Profile) column. You can use the arrows at the bottom of the Focus List Configuration box to move all of the signal columns next to each other. (Your Master Profile may already have these columns, and a few more profiles, included already). When you are done, click OK and your Focus List should look something like this:
The Master Profile
Now your Master Profile is set up. However, you need to make sure that the symbols in your Master Profile are included in your Swing and Trending profiles. This is necessary so that the unique systems and settings in the other profiles can test each symbol.
The final step is to test each the profiles in your Master Profile. If one of the other profiles is not "synched" up (or updated) with your Master Profile, the column that represents that profile will be gray.
Helpful Hint: You can update all the profiles at once (instead of going to each profile and running the To Do List) by using Auto Mode. Please refer to page 72 of your OmniTrader Guidebook for more information on Auto Mode.
When the testing is complete, you will see the signals that were generated for each profile! A consensus on the direction of a security by all the profiles in your Master Profile is an excellent confirmation tool.
This concludes our lesson for this week. Best of luck with your trades, and remember that you can ask me questions at jdrake@nirvsys.com.
Regards,
Jeff Drake
Nirvana Systems