â€œI have to sayâ€¦ I am very impressed with our Teamâ€™s work on the NEW OmniTrader 2023. The new features cover every area â€“ Finding Great Candidates, Charting, Trading, and so much more. Watch my â€œ10 Best Featuresâ€ video to discover these â€œgemsâ€ for yourself!
Then thereâ€™s Gann Master â€“ a powerful Plug-In based on the work of the famous W.D. Gann. He was widely recognized as a trading â€œguruâ€ in many circles. His work is still highly relevant, and the Signals identified by his approach are awesome!
We have never created a Plug-In around Gannâ€™s work, until now. Jeff Drake pored over Gannâ€™s materials to create a truly fabulous set of Indicators and Systems that implement one of Gannâ€™s most popular methods.
Favorite Indicators & Systems
If youâ€™re like most of us, you probably have certain indicators you use frequently. Now, you can create your own Favorites list. The Indicators and Systems tabs of Chart Options have new â€œFaveâ€ check box. Just check the ones you use. When you click Add Indicator (or Add System) and select Favorites, there they are!
The Correlation Tool in OmniTrader provides a variety of options for finding symbols that move in close relationship with each other. Add any symbol to the Correlation Tool and compare it to another symbol, list, industry group, etc. to see a list sorted in order of highest correlation.
Interactive Brokers TWS integrated intoÂ OmniTraderâ€™s Portfolio
This long-awaited feature enables you to see Positions and Orders in TWS in OmniTraderâ€™s Portfolio so you can better focus on your trading.
Fast Charting from the Portfolio
Charts can be displayed for any symbol from the Open Positions, Open Orders, Closed Positions or Position and Order History tabs in the Portfolio.
Click on any symbol to display the chart. Use the Page up\Down keys, or the arrow keys on the keyboard to quickly view each chart.
AutoTrade Alerts via Email
New Alerts in AutoTrade allows users to activate the AutoTrade alerts they would like to receive in email on their desktop or mobile device.
AutoTrading with ATS/ATM in Real Time
Trade the Fastest Possible Signals
With the new â€œTrade as Soon As Possibleâ€ check box, it can take a new Signal as soon as it is generated.
When zooming into chart data, most of us have a preferred number of bars to use. Now, you can change the number of Months (EOD) or Bars (RT) the Toolbar uses. Just SHIFT-CLICK on any button and enter the new value.
Interactive Brokers Symbol Translation File
There may be cases where the symbol that OmniTrader gets it data delivered to is slightly different from the symbol that is traded by Interactive Brokers.
Example 1:Â IQFeed – one of the supported futures data feeds forÂ OmniTraderÂ – provides data for the Crude Oil Futures Contract on the symbol QMCL. However, IB recognizes the symbol as MCL. A translation can be added so that a trade can be placed right from the QMCL chart in OmniTrader or using AutoTrade.
Example 2: You can also trade one security based on a different instrument. Continuing with our Crude Oil futures contracts example, the Full Crude Oil contract requires approximately $27,000 of margin to execute a trade. However, the Micro Crude Oil contract only required $2,700 margin.