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In
Tip 5, we looked at the different profiles available
to you in the program. 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.
Creating
a Master Profile
In this example, we are going to create a Master
Profile for End of Day stock analysis. 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 Oscar and Ed's Magic Profile.
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.
- Click
on the Profile Signals tab, and you will see
all of the profiles in your OmniTrader for this
type of security (Stocks, Futures, etc.).
- We
are going to highlight the EDS column and click
the Add button.
- Next,
we will do the same for the OSC 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 Oscar and Ed's Magic profiles.
This is necessary so that the unique systems and
settings in the other profiles can test each symbol.
Helpful
Hint: The easiest way to insure that the
symbols in your Master Profile are in the other
profiles as well is to go to the other profiles
and select File, Import, and then import the
symbols (and ONLY the symbols) from your Master
Profile.
The
final step is to test each of 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.
All
the profiles have been tested
so the columns are no longer 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.
Note:
Refer to Tip 5 to see which profiles are looking
for the type of trade opportunities that you prefer.
Also, the Master Profile can only be used in End
of Day Profiles.
This
concludes Tip 6. Best of luck with your trades,
and remember that you can ask me questions at
jdrake@nirvsys.com.
Regards,
Jeff Drake
Director of Education
Nirvana Systems
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