Real time (Intra-Day) and delayed (End-of-Day) Trading Programs monitor equities, learning their patterns, and generating buy and sell signals for Stocks and ETF’s which have been selected using VelocityTrading’s proprietary algorithms for fast, trending price movements.
End-of-Day Trading refers to equities that may be trading in a short term trend, and whose trading signals (Enter and Exit) are calculated using End-of-Day pricing data.
Typically referred to as ‘Day-Trading’; Intra-Day trades occur only between the hours of 8.30am – 4pm Eastern, during market hours. All trade will Exit before the end of each trading day. Simulated trading occurs in real-time and updates every minute.
The trading simulation strategies behind all computerized trading on VelocityTrading.net utilize a continuous optimization process which learns the pattern and trend associated with each issue and adjusts the trading strategy accordingly. This can occur at any time and may result in changes to Open Orders.
End-of-Day Orders are always entered as Limit Orders at or near the close of the day after they first appear. End-of-Day Orders will always appear as either Open, Filled or Closed.
End-of-Day Orders are categorized as ‘Open’ if there is no current position for this issue. Open Orders without a pending price or order currently entered can be distinguished from Open Orders that have a pending order entered by the price in the BuyLimit Column above the chart; and a yellow horizontal line at the end of the chart indicating the Open Order BuyLimit Price.
An Open Order with a BuyLimit Price should be entered at or near the close of the trading day. If the trading equity opens above the BuyLimit price on the following trading day, and the low for the day does not cross below the BuyLimit Price, the order will not execute.
Open Orders may change at any time based on the optimization of the trading simulation. If an issue is not trading profitably, trading simulation strategies my change drastically to reflect price movements that result in more profitable trading simulations to develop.
All Filled Orders will establish a Target Exit and a Trailing Stop value which is reflected as either a red, (Stop), or a green, (Target), line on the Orders Chart. Both values can change on a tick by tick basis, based on the pricing movements of the stock.
The information continually tracked along with each Open Order includes the Enter Date and the current price (ExtDate), as well total profit, total periods, exit values and target prices.
Important: All trades will exit only using Trailing Stop Orders. When the Target price is reached it will adjust the value of the Trailing Stop, it will not exit the trade. When the closing price crosses below the Trailing Stop Value (Red Line) the trade will exit and the position will close.
Closed orders immediately erase all red and green lines, (target and stop values), and all yellow and red arrows, (enter and exit points), from the chart. The total profit and enter and exit values for the closed position are updated in the Closed Orders table directly below the Orders Chart. The Closed Orders table is sorted by Exit Date – not by Enter Date, so the most recent exit will appear at the top of the chart even if the original Enter Date is well before other previously Closed Orders.
All Orders are based on a Trading Simulation Strategy that is continually optimized and back-tested for each Ticker. The Average Profit is calculated to determine if the Strategy is trading profitably or not and will update the Status as either Hold or Trade to indicate if the stock is trending profitably. This Average Profit appears at the top of the page along with the AutoHold Status.
The back-testing simulation strategy appears on the same chart as all Open and Filled Orders. The Enter and Exit signals for the current trading strategy are up and down arrows as seen below.
Intra-Day Orders will always be entered as Stop Orders. The Enter Order will be a BuyStop order placed above the Period Open and Trailing the Low. The Order will not be filled until the Close crosses above the BuyStop Price.