Algorithms are backtested with both exits and we use the one with the best results for the portfolio’s ruleset. My back testing has shown some portfolios, an Exit at Market results in the best set of stats, whereas with some portfolios the Exit at Limit gives the better results. Please remember that this may change as I optimize the algorithms.

All nBAR exits will always be Exit at Market.

If there are more trades than the algorithms will allow, QiT uses a technology called “Slots” where each position in the portfolio is allocated a slot. All trades that fit the rules are sorted on their respective HV(100) and the trades with the higher HV will be put into a slot. This means we trade the more volatile stocks for research as shown us those to be the better candidates for trading.

The nBar is the circuit breaker we use on a trade. It is the number of days a trade will be allowed to stay open before we exit. Each portfolio will have a different nBar stop based on the optimizations.

Trade Through? What the heck is that?

QiT uses a limit order to enter all positions, which requires us to handle Trade-Throughs.

We identify a candidate, according to the rules of the algorithm, then we make the market come to us by setting a limit order to enter below the close of the day (above the close for shorts).

Our limit orders don’t get filled at least 70% of the time. For the simple reason, the market didn’t do what we asked it to do. So we just walk away from it and go on the next trade.

However, there are times when our limit order is the daily low (daily highs for shorts) and we end up buying at daily lows. There isn’t a trader out there who wouldn’t identify this as a very good trade. Unfortunately, not everyone will get filled at those daily lows. Some QiT members will be, some will get partial fills and some will not be filled at all.

As a service what do we do? We originally thought we wanted to be as fair as we could to all members so we implemented a rule that required everyone who got a fill at daily lows to exit the position the next morning bringing all members back in sync. This seemed to be the fairest way to handle it.

Well, we’ve come to realize this is not the fairest way to handle it. These trades are typically very profitable and they were potentially leaving money on the table. "Punishing" members who were filled at daily lows is not our mission.

So we  will consider all fills at daily lows as a valid trade. The algorithm will manage all filled positions until they're closed. However, if you are not filled, just watch it. I know it will be frustrating to “watch it” but recognize when you are filled, and others are not, they will be “watching” you make money. Believe it or not, it all works out even.

ALWAYS FOLLOW THE RULES

Check our out the Performance  Matrix for our algorithms and sign up today.

If the algorithm’s rules are 10 positions maximum it will try to fill all those “slots.” Let’s say 6 of those slots are already filled so it will try to open 4 more – this is very straightforward. But what about the slots that are filled today but have been signaled to exit tomorrow? If the exit is a market at open, the slot will become available right away but a limit exit becomes a little trickier. There could be more than 10 open positions for part of the day, or until the limit exit is reached. This is not a problem with a margin account but it is with a Cash account. The algorithm will recognize a cash account and not allow more than the maximum number of slots to be filled.

The Opening Cross is a process that generates a single opening price reflective of the true supply and demand of a particular stock as the market opens each day. The Opening Cross improves upon the current market open and resolves natural stock buy and sell imbalances at the open.

From 9:28 a.m. to 9:30 a.m. (the two minutes prior to the Open), the exchanges gather and publish information about buy or sell interest in a particular stock, including an indicative opening price.

Yes, we only BUY or SHORT at the posted, or a better, price on the day of the signal.

Yes, the majority do not get filled. We wait for the best signals and then the best price making the trades exceptional. This is probably the hardest part of this system, waiting for the trades to come to you, and not chasing them.

Before the market opens on the day the signals are effective. Effective date is the date in BOLD right under the Comments on the SIGNAL tab.

If you’ve placed a DAY order your broker will automatically cancel it at the end of the day.

I’ve tried to “work the spread” on some stocks and 50% of the time I get a better fill than the OPEN price and 50% of the time I get a worse fill so I don’t waste the time anymore.

No we do not use before or after hours market.

Exiting with a Market at Open is easy enough because you just place an Exit at Market for the next morning. However, exiting with a limit order is a little more involved. Here is how to do this.

1. If the signal is to place a limit order to exit tomorrow X% below/above the close of today. (We will do optimizations on this percentage to ensure we use the best one).
2. Place a MOC order to exit the position if the limit does not execute.
3. Both 1 and 2 need to be tied together with a One Cancels All (OCA) order. Some brokers call this a One Cancels Other, or One Cancels Another but you get the point. I’m sure it’s obvious as to why these two orders need to be tied together. If the limit order executes intra-day, you don’t want to Sell at the Close, so the MOC order has to go away when the limit fills.

I know this sounds complicated (it’s really not) but what it does is add more reality to your trading. It’s a lot easier to just exit at Market the next morning but by just adding one more order – the OCO/MOC order – you are taking more control of your trading and that is always a good thing.

Once you log in you will be taken to the Signals Page. This is where all the signals will be posted each night. It is important to realize the signals are typically posted between 8:00 PM EDT and 9:00 EDT each night for the next trading day.

Pay attention to the date to ensure you are placing trades for the Opening Bell of the correct day.

When you are just getting started, we suggest – suggest very strongly – you only take new trades. It's as simple as only putting on the trades that are BUY or SHORT.

It will only take you a few days to be totally in sync with the rest of us.

Once you are filled, the signals page each day will tell you what to do next:

1. If long you will see either Hold – Long or Sell At LIMIT or Sell at OPEN
2. If short you will see either Hold – Short or Cover at LIMIT or Cover at OPEN
3. Just follow what the signals page tells you to do.

At the bottom of each Portfolios Signal Page, you’ll see a Number of Shares Calculator.

• Enter your account size in the Account Size field
• Enter the Limit Price from the Limit column on the above Signal SpreadSheet
• Enter the Percent from the Percent column the above Signal SpreadSheet

Once you enter these numbers hit enter and you will have the number of shares to open a new position - BUY or SHORT.

Money Flow is simply Volume * Price.

QiT uses a Money Flow filter in place of a volume filter.

The main difference between a cash account and a margin account is that in a cash account all transactions must be made with available cash or long positions. When buying securities in a cash account, the investor must deposit cash to settle the trade or sell an existing position on the same trading day, so cash proceeds are available to settle the ‘buy’ order. A margin account allows an investor to borrow against the value of the assets in the account to purchase new positions or sell short. In this way, an investor can use margin to leverage his positions and profit in both bullish and bearish times in the market. Margin can also be used to make cash withdrawals against the value of the account as a short-term loan.

Trade Through? What the heck is that?

QiT uses a limit order to enter all positions, which requires us to handle Trade-Throughs.

We identify a candidate, according to the rules of the algorithm, then we make the market come to us by setting a limit order to enter below the close of the day (above the close for shorts).

Our limit orders don’t get filled at least 70% of the time. For the simple reason, the market didn’t do what we asked it to do. So we just walk away from it and go on the next trade.

However, there are times when our limit order is the daily low (daily highs for shorts) and we end up buying at daily lows. There isn’t a trader out there who wouldn’t identify this as a very good trade. Unfortunately, not everyone will get filled at those daily lows. Some QiT members will be, some will get partial fills and some will not be filled at all.

As a service what do we do? We originally thought we wanted to be as fair as we could to all members so we implemented a rule that required everyone who got a fill at daily lows to exit the position the next morning bringing all members back in sync. This seemed to be the fairest way to handle it.

Well, we’ve come to realize this is not the fairest way to handle it. These trades are typically very profitable and they were potentially leaving money on the table. "Punishing" members who were filled at daily lows is not our mission.

So we  will consider all fills at daily lows as a valid trade. The algorithm will manage all filled positions until they're closed. However, if you are not filled, just watch it. I know it will be frustrating to “watch it” but recognize when you are filled, and others are not, they will be “watching” you make money. Believe it or not, it all works out even.

ALWAYS FOLLOW THE RULES

Check our out the Performance  Matrix for our algorithms and sign up today.

The Opening Cross is a process that generates a single opening price reflective of the true supply and demand of a particular stock as the market opens each day. The Opening Cross improves upon the current market open and resolves natural stock buy and sell imbalances at the open.

From 9:28 a.m. to 9:30 a.m. (the two minutes prior to the Open), the exchanges gather and publish information about buy or sell interest in a particular stock, including an indicative opening price.

Under Regulation T of the Securities and Exchange Act of 1934 all transactions in a cash account must be paid for in full. This means, if you BUY a security with settled funds in your cash (retirement type) account you may SELL that security at any time without restriction. If you BUY a security in your cash account with insufficient funds or unsettled funds you must hold that security until the purchase is fully paid for with either a new deposit or the settlement date is reached for the funds used.

Equity trades settle 3 business days following the trade date (T+3) and Option trades settle 1 business day following the trade date (T+1). The cash released from a SELL, in a cash account, are considered “unsettled” for a period of 3 business days following the trade date. However, a trader may re-use the unsettled sale cash to purchase another security prior to the settlement date of those funds but, in doing so, he/she agrees to hold the new purchase at least until the funds from the original sale settle.

If you sell the security that was purchased all or in part with unsettled funds prior to those funds settling it will be considered a violation of SEC rules and your account will be restricted for a period of 90 days. During that time you must place your trades over the phone with a live broker.

The original theory for this rule is that a customer who sells securities prior to paying for them in a cash account (either with a new deposit or settled funds from a prior sale) has received an extension of credit. Credit transactions must be executed in a Margin account.

Short means you borrow stock from your broker and SELL in order buy it back later. For more on shorting please read this article.

That will happen occasionally and, if it does, you have to walk away from the trade.

I’ve tried to “work the spread” on some stocks and 50% of the time I get a better fill than the OPEN price and 50% of the time I get a worse fill so I don’t waste the time anymore.

No we do not use before or after hours market.

Your account statement from your broker includes all your closed trades and open positions.  The open positions are valued as of their last price.  This valuation is called mark-to-market.

This fact is important because the equity curve is made up of closed trades.  Open positions are not reflected in the curve.  As they close, they are then added into the equity curve.  But remember, new positions are always opening.

Therefore, for any given timeframe, your account statement and the equity curve will probably not match.  The difference will be the value of the open positions not accounted for in the equity curve.

That's easy just email us at jane@quantitrader.com and we'll take care of it.

We'll want to know why so be prepared.

Go to Members\Account. A link to change your password is at the bottom of the page.

Yes, the calculate shares is designed that way because our algorithms are designed with compounding so all profits and losses are added to the portfolio each day. You can round down to the nearest thousand so you're not typing in a lot of numbers.

From the Main Menu, click Members\Account\Login In. Once you enter your credentials you will be directed to the Signals for today.

Exiting with a Market at Open is easy enough because you just place an Exit at Market for the next morning. However, exiting with a limit order is a little more involved. Here is how to do this.

1. If the signal is to place a limit order to exit tomorrow X% below/above the close of today. (We will do optimizations on this percentage to ensure we use the best one).
2. Place a MOC order to exit the position if the limit does not execute.
3. Both 1 and 2 need to be tied together with a One Cancels All (OCA) order. Some brokers call this a One Cancels Other, or One Cancels Another but you get the point. I’m sure it’s obvious as to why these two orders need to be tied together. If the limit order executes intra-day, you don’t want to Sell at the Close, so the MOC order has to go away when the limit fills.

I know this sounds complicated (it’s really not) but what it does is add more reality to your trading. It’s a lot easier to just exit at Market the next morning but by just adding one more order – the OCO/MOC order – you are taking more control of your trading and that is always a good thing.

Once you log in you will be taken to the Signals Page. This is where all the signals will be posted each night. It is important to realize the signals are typically posted between 8:00 PM EDT and 9:00 EDT each night for the next trading day.

Pay attention to the date to ensure you are placing trades for the Opening Bell of the correct day.

When you are just getting started, we suggest – suggest very strongly – you only take new trades. It's as simple as only putting on the trades that are BUY or SHORT.

It will only take you a few days to be totally in sync with the rest of us.

Once you are filled, the signals page each day will tell you what to do next:

1. If long you will see either Hold – Long or Sell At LIMIT or Sell at OPEN
2. If short you will see either Hold – Short or Cover at LIMIT or Cover at OPEN
3. Just follow what the signals page tells you to do.

At the bottom of each Portfolios Signal Page, you’ll see a Number of Shares Calculator.

• Enter your account size in the Account Size field
• Enter the Limit Price from the Limit column on the above Signal SpreadSheet
• Enter the Percent from the Percent column the above Signal SpreadSheet

Once you enter these numbers hit enter and you will have the number of shares to open a new position - BUY or SHORT.

Algorithms are backtested with both exits and we use the one with the best results for the portfolio’s ruleset. My back testing has shown some portfolios, an Exit at Market results in the best set of stats, whereas with some portfolios the Exit at Limit gives the better results. Please remember that this may change as I optimize the algorithms.

All nBAR exits will always be Exit at Market.

You can find the average number of days held for each portfolio here.

We do not use stops, per se, but use Dynamic Exits. Please read about Dynamic Exits here.

We, however, don’t believe it’s prudent to hold on to a position too long. It’s hard to say what “too long” is so we let our algorithm tell us and have come up with what is called an n-bar stop. This means the position will exit after a certain number of days. That number is one of the parameters we use to optimize the algorithm and could change.

The algorithm will use the OPEN, which is what we should have been filled at.

If the signal for the next day is HOLD, you can try and enter at the Limit Price. If you are filled just follow the signals.

QiT would be perfect for you. Signals are usually posted around 6:00 – 7:00 PM EDT and are to be entered (we do not use overnight markets) before the next trading day opens at 9:30 AM EDT, and that is all you do. This gives you approximately 14 hours to place the trades then, once the orders are placed, you walk away and do not come back until the next set of signals are posted the next day. You let the market do all the work.

QiT is a purely mathematical and technical approach to swing trading. Our proprietary algorithms were created for quality over quantity and for certainty over speculation.

The algorithm does not round up or down, it uses the exact number.

A signal is the trade you take on the EFFECTIVE Date. The ACTION field will tell you what to do with the signal:

• BUY means go long
• SHORT means go SHORT
• Sell AT Open means sell the long at the next market open
• Sell AT Limit means place a limit order at the price specified
• Cover AT Open means cover your short at the next market open
• HOLD means do nothing with this position

If you want the long term consistent results that are shown in the backtest, you must trade this daily. Just like when people at your job depend on you, your account balance depends on you.

If there are more trades than the algorithms will allow, QiT uses a technology called “Slots” where each position in the portfolio is allocated a slot. All trades that fit the rules are sorted on their respective HV(100) and the trades with the higher HV will be put into a slot. This means we trade the more volatile stocks for research as shown us those to be the better candidates for trading.

The nBar is the circuit breaker we use on a trade. It is the number of days a trade will be allowed to stay open before we exit. Each portfolio will have a different nBar stop based on the optimizations.

Trade Through? What the heck is that?

QiT uses a limit order to enter all positions, which requires us to handle Trade-Throughs.

We identify a candidate, according to the rules of the algorithm, then we make the market come to us by setting a limit order to enter below the close of the day (above the close for shorts).

Our limit orders don’t get filled at least 70% of the time. For the simple reason, the market didn’t do what we asked it to do. So we just walk away from it and go on the next trade.

However, there are times when our limit order is the daily low (daily highs for shorts) and we end up buying at daily lows. There isn’t a trader out there who wouldn’t identify this as a very good trade. Unfortunately, not everyone will get filled at those daily lows. Some QiT members will be, some will get partial fills and some will not be filled at all.

As a service what do we do? We originally thought we wanted to be as fair as we could to all members so we implemented a rule that required everyone who got a fill at daily lows to exit the position the next morning bringing all members back in sync. This seemed to be the fairest way to handle it.

Well, we’ve come to realize this is not the fairest way to handle it. These trades are typically very profitable and they were potentially leaving money on the table. "Punishing" members who were filled at daily lows is not our mission.

So we  will consider all fills at daily lows as a valid trade. The algorithm will manage all filled positions until they're closed. However, if you are not filled, just watch it. I know it will be frustrating to “watch it” but recognize when you are filled, and others are not, they will be “watching” you make money. Believe it or not, it all works out even.

ALWAYS FOLLOW THE RULES

Check our out the Performance  Matrix for our algorithms and sign up today.

If the algorithm’s rules are 10 positions maximum it will try to fill all those “slots.” Let’s say 6 of those slots are already filled so it will try to open 4 more – this is very straightforward. But what about the slots that are filled today but have been signaled to exit tomorrow? If the exit is a market at open, the slot will become available right away but a limit exit becomes a little trickier. There could be more than 10 open positions for part of the day, or until the limit exit is reached. This is not a problem with a margin account but it is with a Cash account. The algorithm will recognize a cash account and not allow more than the maximum number of slots to be filled.

The Opening Cross is a process that generates a single opening price reflective of the true supply and demand of a particular stock as the market opens each day. The Opening Cross improves upon the current market open and resolves natural stock buy and sell imbalances at the open.

From 9:28 a.m. to 9:30 a.m. (the two minutes prior to the Open), the exchanges gather and publish information about buy or sell interest in a particular stock, including an indicative opening price.

Under Regulation T of the Securities and Exchange Act of 1934 all transactions in a cash account must be paid for in full. This means, if you BUY a security with settled funds in your cash (retirement type) account you may SELL that security at any time without restriction. If you BUY a security in your cash account with insufficient funds or unsettled funds you must hold that security until the purchase is fully paid for with either a new deposit or the settlement date is reached for the funds used.

Equity trades settle 3 business days following the trade date (T+3) and Option trades settle 1 business day following the trade date (T+1). The cash released from a SELL, in a cash account, are considered “unsettled” for a period of 3 business days following the trade date. However, a trader may re-use the unsettled sale cash to purchase another security prior to the settlement date of those funds but, in doing so, he/she agrees to hold the new purchase at least until the funds from the original sale settle.

If you sell the security that was purchased all or in part with unsettled funds prior to those funds settling it will be considered a violation of SEC rules and your account will be restricted for a period of 90 days. During that time you must place your trades over the phone with a live broker.

The original theory for this rule is that a customer who sells securities prior to paying for them in a cash account (either with a new deposit or settled funds from a prior sale) has received an extension of credit. Credit transactions must be executed in a Margin account.

Short means you borrow stock from your broker and SELL in order buy it back later. For more on shorting please read this article.

That will happen occasionally and, if it does, you have to walk away from the trade.

Yes, we only BUY or SHORT at the posted, or a better, price on the day of the signal.

Yes, the majority do not get filled. We wait for the best signals and then the best price making the trades exceptional. This is probably the hardest part of this system, waiting for the trades to come to you, and not chasing them.

Before the market opens on the day the signals are effective. Effective date is the date in BOLD right under the Comments on the SIGNAL tab.

If you’ve placed a DAY order your broker will automatically cancel it at the end of the day.

I’ve tried to “work the spread” on some stocks and 50% of the time I get a better fill than the OPEN price and 50% of the time I get a worse fill so I don’t waste the time anymore.

No we do not use before or after hours market.

Exiting with a Market at Open is easy enough because you just place an Exit at Market for the next morning. However, exiting with a limit order is a little more involved. Here is how to do this.

1. If the signal is to place a limit order to exit tomorrow X% below/above the close of today. (We will do optimizations on this percentage to ensure we use the best one).
2. Place a MOC order to exit the position if the limit does not execute.
3. Both 1 and 2 need to be tied together with a One Cancels All (OCA) order. Some brokers call this a One Cancels Other, or One Cancels Another but you get the point. I’m sure it’s obvious as to why these two orders need to be tied together. If the limit order executes intra-day, you don’t want to Sell at the Close, so the MOC order has to go away when the limit fills.

I know this sounds complicated (it’s really not) but what it does is add more reality to your trading. It’s a lot easier to just exit at Market the next morning but by just adding one more order – the OCO/MOC order – you are taking more control of your trading and that is always a good thing.