NIRVANA SYSTEMS WizeVest, User Manual

Page 1: ...WizeVest Trade Processor User Guide WizeVest Trade Processor User Guide October 2014 Edition PF 43 01 04...

Page 2: ...place an order please contact 800 880 0338 or 512 345 2566 You may also fax 512 345 4225 or send email to sales nirvanasystems com Technical Support Information For assistance in installing or using N...

Page 3: ...cks mutual funds futures and options involves high risk including possible loss of principal and other losses Neither the software nor any demonstration of its operation should be construed as a recom...

Page 4: ...Order Submission 7 Order Submission Settings 7 Automation 8 Automation Settings 8 Orders 8 Exposure 9 Ordering Methods with MB Trading 9 Method 1 Market on Open Orders 9 Method 2 Market Orders 9 Thin...

Page 5: ...Click Options 24 Trading from the MBT Positions Tab 24 MBT Positions Right Click Menu 24 Trading from the MBT Orders Tab 25 MBT Orders Right Click Menu 25 WizeVest Updating Times 25 Aggregate Orders 2...

Page 6: ...de Chapter 7 Trade Processor Server Version Enabling the Trade Processor for Server Mode 38 Closing the Trade Processing in Server Mode 39 Monitoring the Trade Processor Connection on the WizeVest Web...

Page 7: ...rage account and leave it running Set the Trade Processor for Automatic Trading and it will send opening and closing orders between the times you designate Monitor your Positions View and manage your...

Page 8: ...Trade Processor you must install it Installing the Trade Processor To install Trade Processor you will need to be connected to the internet 1 Go to http www mywizevest com Trades TPUpdate aspx 2 Clic...

Page 9: ...t version Please refer to Chapter 7 for information on running the server version This chapter provides information on configuring the Trade Processor to connect to and trade your MB Trading account T...

Page 10: ...our WizeVest account names 4 Select the WizeVest account you want to connect to for trading If none exist a WizeVest account will need to be created on the WizeVest web site 5 Click Connect Next the c...

Page 11: ...t is indicated in the bottom right corner of the Trade Processor The WizeVest account name and the MB Trading account number for the accounts you are connected to will be displayed on the active bar a...

Page 12: ...or both connections cannot be made click Edit Connection Settings and reenter your login credentials or account number Trade Settings The function of Trade Settings is to determine when and how tradi...

Page 13: ...mes used are always based on the Eastern time zone While between the order submission times any checking or unchecking of orders will be processed immediately While outside the order submission times...

Page 14: ...Settings Automatic Exits Closing orders from the WizeVest account will be checked and sent to the broker during the designated times specified in the Order Submission Settings Close Orphaned Trades at...

Page 15: ...ax Equity Specify the maximum equity that can be used by the Trade Processor Ordering Methods with MB Trading There are two methods for setting up the Trade Settings window when using MB Trading You s...

Page 16: ...pen Fill prices vary based on conditions that are not always reflected Short orders are dependent on availability at the broker Please check here http www mbtrading com easyToBorrow aspx Demo Account...

Page 17: ...in your selected WizeVest account in one easy to use tabbed window The Trade Processor is divided into four main sections Strategies Trade Information Trade History and Statistics but also includes a...

Page 18: ...ategies that have no open orders or positions will not be displayed Figure 4 2 Strategies Section The Trade Processor will display the positions or orders for the selected strategy on the tab that is...

Page 19: ...olumns may vary slightly due to where the order position is in the process In cases where the information is not relevant the column will remain blank Open Positions Tab The Open Positions tab mirrors...

Page 20: ...able to Open Positions tab TP Date Displays the date and time of the last Trade Processor action or attempted action with the broker TP Action Displays the last Trade Processor action with the broker...

Page 21: ...zeVest action order placed or position entered WV Entry Displays the WizeVest position entry price S Status of position This field is indicated with a color code Yellow Order not placed Green Order su...

Page 22: ...he strategy that generated the signal in the WizeVest account WV Date Date of last WizeVest action order placed WV Action Last WizeVest action order placed or position entered WV Entry Displays the Wi...

Page 23: ...with the broker Removing the check on this tab will send a closing order to the broker Symbol Symbol in position with the broker Strategy The strategy that generated the signal in the WizeVest account...

Page 24: ...MBT Orders shows aggregated orders when multiple orders for the same symbol are placed by different strategies The Trade Information columns are as follows for the MBT Positions tab Enable On the MBT...

Page 25: ...tegy from the WizeVest site that generated the signal Entry Date Date the position was entered at the broker Exit Date Date the position was exited at the broker Entry Price Execution price for entry...

Page 26: ...ealized Profit Loss The current profits or losses resulting from all open broker positions Running Multiple Trade Processors Users may run multiple Trade Processors on one Windows instance To do so la...

Page 27: ...atically if the Trade Processor is not running during the trading window The Trade Processor can run continuously It is recommended that you check the connection daily prior to the trading window you...

Page 28: ...WizeVest Orders on the Open Positions tab will execute as Market Day orders Checking a symbol submits a Market Day order Unchecking a symbol submits a Market Day order or cancels the order if not yet...

Page 29: ...here inside of the Closing Orders tab to display the right click menu There following options are available Enable All All symbols will be enabled and a closing order will be placed for each symbol in...

Page 30: ...ade with the broker will display a check in the Enable checkbox WizeVest Orders on the Open Positions tab will execute as Market Day orders Unchecking a symbol submits a Market Day order to close the...

Page 31: ...h the broker will display on this tab with a check in the Enable checkbox You can remove the check from the enable column to cancel the order MBT Orders Right Click Menu Right click inside of the MBT...

Page 32: ...osing orders sections of the web site will display executed next to the order and the opening and closing orders tabs in the Trade Information of the Trade Processor should be blank since all of the W...

Page 33: ...Unmanaged or display No Position in the Trade Processor An Unmanaged Position is an open position at the broker that the Trade Processor is not managing and WILL NEVER SUBMIT AN EXIT FOR All unmanage...

Page 34: ...ed WizeVest account and broker account are then linked If that specific WizeVest account is later connected to a different broker account the original WizeVest account broker account link will be seve...

Page 35: ...to sync a trade A symbol in the Strategy column of the MBT Positions tab must display Unmanaged There must be a WizeVest strategy in the WizeVest account with the associated symbol showing as a WizeVe...

Page 36: ...b for both strategies Left click the checkbox for the strategy that you want Select Synchronize with WizeVest quantity LONG 50 The share size will be determined by the QTY from the strategy according...

Page 37: ...tions Outside of the Trade Processor You can close positions at the broker that have been placed by the Trade Processor and they will be handled properly by the Trade Processor If a position is partia...

Page 38: ...igure 6 1 Trade Processor Report If your Trade Processor is disconnected at the time the report is generated a message will be displayed stating that the WizeVest broker or both connections have been...

Page 39: ...ount credentials Follow these instructions to configure the reports 1 Click Edit Preferences Figure 6 3 2 Enter the email address that you want the report sent to 3 Enter the password for the email ac...

Page 40: ...naged with user interaction Follow these instructions to set up Trade Processor Alerts 1 Click Edit Preferences Figure 6 4 Access Alert Preferences and Log Files 2 Enter the email address email passwo...

Page 41: ...ield SMTP Settings for Common Email Providers The following list of settings for each email provider are in the following format Provider Name SMTP Server Address Port SSL Hotmail smtp live com Port 5...

Page 42: ...smtp aol com Port 587 Enable SSL Mail com smtp mail com Port 465 Enable SSL Popular provider SMS formats for texts phonenumber your 10 digit phone number Sprint phonenumber messaging sprintpcs com Ver...

Page 43: ...ically delete older log files This may be particularly useful if the Trade Processor is running on a Windows instance with limited space such as on a cloud service To automatically delete log files fo...

Page 44: ...trades using the Trade Processor application however it does not need to be running for automatic trading to occur The Trade Processor will display Server Mode at the bottom of the window when it is...

Page 45: ...ll settings open trades and trade history will be moved to a Trade Processor running on WizeVests servers and will connect to MB Trading s brokerage and data servers Note You may view the connection s...

Page 46: ...ur WizeVest accounts are connected to the Server Version of the Trade Processor Figure 7 3 Accounts Page of the WizeVest Web Site The symbols found in the TP column on the WizeVest web page are as fol...

Page 47: ...Mode 1 Click Edit Preferences Server 2 Disable the option to Run Trade Processor continuously on Server Server Mode will disappear from the bottom of the Trade Processor If you have not configured yo...