NIRVANA SYSTEMS WizeVest User Manual

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WizeVest Trade Processor

User Guide

WizeVest Trade Processor User Guide

October 2014 Edition

PF-43-01-04

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Worldwide Technical Support and Product Information

www.nirvanasystems.com

Nirvana Systems Corporate Headquarters

7000 N. MoPac, Suite 425, Austin, Texas 78731 USA

Tel: 512 345 2545 Fax: 512 345 4225

Sales Information

For product information or to place an order, please contact 800 880 0338 or 512 345 2566. You may also fax 512 345 4225 or send email to [email protected].

Technical Support Information

For assistance in installing or using Nirvana products, please contact 512 345 2592. You may also fax 512 345 4225 or send email to [email protected].

To comment on the documentation, send email to [email protected].

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Important Information

Under the copyright laws, this publication may not be reproduced or transmitted in any form, electronic or mechanical, including photocopying, recording, storing in an information retrieval system, or translating, in whole or in part, without the prior written consent of Nirvana Systems, Inc.

Trademarks

Trade Processor™, OmniTrader™, VisualTrader™, Adaptive Reasoning Model™, ARM™, ARM Knowledge Base™, Easy Data™, The Trading Game™, Focus List™, The Power to Trade with Confidence™, The Path to Trading Success™, The Trader’s Advantage™, Pattern Tutor ™, and Chart Pattern Recognition Module™ are trademarks of Nirvana Systems, Inc.

Product and company names mentioned herein are trademarks or trade names of their respective companies.

DISCLAIMER REGARDING USE OF NIRVANA SYSTEMS PRODUCTS

Trading stocks, 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 recommendation or an offer to buy or sell securities or security derivative products of any kind.

Neither Nirvana’s OmniTrader™, VisualTrader™, Nirvana Systems, Inc., nor its employees and affiliates recommends any specific security for purchase or sale, nor do they recommend any specific approach to investing in securities. Nirvana Systems, Inc. is not an investment advisory service nor a registered investment advisor or broker/dealer.

No representation is being made that the methods presented will guarantee profits in trading. Past performance, whether actual or indicated by historical systems testing, is no guarantee of future performance or success. Information presented by Nirvana Systems, Inc. is from sources Nirvana believes are reliable. However, Nirvana has not independently verified such information.

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Contents

Chapter 1 Introduction to the WizeVest Trade Processor

Chapter 2 Getting Started with Trade Processor

Installing the Trade Processor........................................................................................2

Installing the Trade Processor .........................................................................2

Chapter 3 MB Trading and the Trade Processor

Connection Settings for MB Trading.............................................................................3

Trade Settings ................................................................................................................6

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

Things You Should Know About Using MB Trading ...................................................10

Live Account: ..................................................................................................10

Demo Account:................................................................................................10

Holding Company Depository Receipts:.........................................................10

Chapter 4 Trade Processor Interface

Strategies Section...........................................................................................................12

Trade Information ..........................................................................................................13

Open Positions Tab..........................................................................................13

Closing Orders Tab..........................................................................................14

Opening Orders Tab ........................................................................................15

MBT Positions Tab..........................................................................................17

MBT Orders...................................................................................................................18

Trade History .................................................................................................................18

Action Log.......................................................................................................19

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Contents

Closed Trades.................................................................................................. 19

Trade History Right Click Menu ...................................................... 19

Statistics......................................................................................................................... 19

Running Multiple Trade Processors .............................................................................. 20

Chapter 5 Trading with the Trade Processor

Automatic Trading......................................................................................................... 21

Trading .......................................................................................................................... 21

Trading from the Open Positions Tab............................................................. 22

Open Positions Right Click Menu .................................................... 22

Trading from the Closing Orders Tab............................................................. 22

Closing Orders Right Click Options ............................................................... 23

Trading from the Opening Orders Tab ........................................................... 23

Opening Orders Right 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........................................................................................................... 26

Chapter 6 Monitoring the Trade Processor

Unmanaged Positions .................................................................................................... 27

No Position(Orphaned).................................................................................................. 28

Synchronizing Unmanaged Trades ................................................................. 29

Synchronization Menu .................................................................................... 30

Enabling and Disabling Strategies on WizeVest........................................................... 31

Closing Positions Outside of the Trade Processor ........................................................ 31

Trade Processor Reports................................................................................................ 31

Configuring Trade Processor Reports............................................................. 33

Trade Processor Alerts .................................................................................................. 34

SMTP Settings for Common Email Providers................................................ 35

Popular provider SMS formats for texts ......................................................... 36

Trade Processor Logs .................................................................................................... 37

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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 ....................40

Disconnecting from Server Mode..................................................................................41

Conclusion .....................................................................................................................41

Contents

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Introduction to the WizeVest Trade Processor

Welcome to the WizeVest Trade Processor! The Trade Processor is Nirvana Systems' powerful tool for total automation of your WizeVest Account.

The Trade Processor has the following goals:

• Automation of WizeVest Trades—Connect the Trade Processor to the WizeVest account you want to trade and directly to your MB Trading brokerage 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 orders and positions using the Trade Processor.

This guidebook is designed to help you set up the Trade Processor and fully understand the functionality with your MB Trading. Nirvana Systems strongly recommends that you study the complete information in this document before using Trade Processor. Once you have a thorough understanding of the power of this program, you will be ready to use it to trade your WizeVest account.

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Getting Started with Trade Processor

The WizeVest Trade Processor can be run as a client version from a local computer or directly from the WizeVest servers. Whichever way you decide to run the WizeVest Trade Processor, the installation below will be required.

Installing the Trade Processor

Before you can begin using the 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. Click on the install link.

3. You will have the choices Run and Save this program to disk. (The program does not have to be saved to install but if you choose to save the file prior to installation, navigate to the folder on your computer you would like to save the installation to and click Download.) Otherwise, select the Run option.

4. Follow the on-screen instructions for installation.

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MB Trading and the Trade Processor

The Trade Processor can be set up to send trades directly from your selected WizeVest account to your funded MB Trading account in one of two ways. The Trade Processor can be run as a client version from your machine or from the WizeVest Trade Processor servers. This chapters describes configuring the Trade Processor to run as the client 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. This chapter also includes special instructions and limitations you may experience using your Trade Processor with MB Trading.

Connection Settings for MB Trading

Follow these instructions to connect the Trade Processor to your MB Trading account:

1. On initial startup, the Connection Settings form will automatically display in two separate forms - one for the WizeVest Account settings and another for the MB Trading Account settings.

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Figure 3-1. WizeVest Connection Settings

2. Enter your WizeVest User ID and password.

3. Click the down arrow button to download your 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 connection settings dialog box for the broker will appear on the screen.

Figure 3-2. MB Trading Connection Settings

1. Enter the MB Trading account number.

2. Enter the MB Trading User ID.

3. Enter the MB Trading password.

4. Click Connect.

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Chapter 3 MB Trading and the Trade Processor

When the Trade Processor makes the connection to both WizeVest and the MB Trading account, it 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 at the top of the Trade Processor.

Figure 3-3. Trade Processor Connection Made to WizeVest and MB.

If the connection cannot be made, the Trade Processor will display a red X in place of the computer.

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Figure 3-4. Trade Processor Connected to WizeVest but Disconnected from the Broker

If one 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 trading will occur. Configure the times for trading, whether it will trade manually or automatically, order types, maximum exposure and more.

To load the Trade Settings window click Edit››Trade Settings.

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Figure 3-5. Trade Settings Window

The Trade Settings options and related information are as follows.

Order Submission

The Order Submission times are the times during which the Trade Processor will submit automatic or manual orders. The times 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, checking or unchecking orders will appear to not do anything. This is intended. Once the order submission times are hit, the Trade Processor will process the manually checked or unchecked orders.

Order Submission Settings

• Between—Set the trading start time using the Eastern time zone.

• And—Set the trading end time using the Eastern time zone.

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Chapter 3 MB Trading and the Trade Processor

• Delay Opening Orders—Set the time, using the Eastern time zone, for the opening orders to be sent to the broker if you would like your opening orders to occur at a later time than your closing orders. Doing so allows time for closing orders to fill & free up buying power first so that new opening orders do not get rejected due to lack of buying power.

Automation

The Automation settings determine if entry and exit orders are to be processed automatically or not. If the automatic option(s) are not selected, only manual orders will be processed.

Automation Settings

• Automatic Entries—Opening orders from the WizeVest account will be checked and sent to the broker during the designated times specified in the Order Submission 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—Enable this option to close any orphaned positions on the MBT Positions tab at the time you designate each day.

• Close All Unmanaged Trades—Enable this option to close all "Unmanaged” Positions as well as orphaned positions on the MBT Positions tab at the time you designate each day. This option is greyed out unless Close Orphaned Trades is enabled.

• Update WizeVest Current Balance—Enable this option to send current account equity to the account in WizeVest.

• Size by % of Equity—Allows trade size to scale according to account equity.

• Match WizeVest Shares—Instead of using QTY% to determine the share size, it uses the exact number of shares from WizeVest.

Orders

Orders on the Opening and Closing Orders tabs are automatically converted to the correct order type according to the time they are submitted to the broker. MB Trading

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accepts Market on Open orders between 8:00 am and 9:28 am Eastern. Orders placed after that time, within market hours are automatically converted to Market Orders.

• Stop Loss—When enabled, all new trades will also submit a stop loss broker order for the percentage set from the entry price. If that level is hit at the broker, the position will exit rather than waiting for an WizeVest closing order. Stop loss orders may be viewed in the MBT Orders tab or in the Stop Loss column.

Exposure

The Trade Processor calculates the exposure as the total equity of open MBT positions minus the equity that is expected to be freed by closing orders. It will only allow new opening orders on symbols where the expected investment will not exceed the specified Max Equity setting.

• Max 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 should determine which method to use according to when you plan to run the Trade Processor.

Method 1: Market on Open Orders

Use method one when the orders will be submitted prior to market open using Market on Open Orders.

1. Set the order submission start time to any time that is prior to market open. MB Trading only accepts MOO orders between 8:00 a.m. and 9:28 a.m. Eastern. The Order Submission start time must be in this range to submit MOO orders.

2. MB Trading does not receive any orders after the market close. Set order submission end time no later than 4:00 p.m. Eastern time.

3. Start the Trade Processor prior to the time set in step 2.

Method 2: Market Orders

Use method two when orders will be submitted inside of market hours.

1. Set Order Submission start (Between) time to a time 9:30 a.m. Eastern and 10:00 a.m. Market orders can be submitted anytime after 9:30 a.m.

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Chapter 3 MB Trading and the Trade Processor

Note It is typical to set the order submission start time to occur after market

open, for example 9:30 a.m. or 9:31 Eastern time.

2. MB Trading cannot receive any orders after the market close. Set your order submission end time to no later than 4:00 p.m. Eastern time.

3. Start the Trade Processor prior to the time set in step 2.

Things You Should Know About Using MB Trading

Live Account:

• Market on Open orders can only be placed between 8:00 a.m. & 9:28 a.m. Eastern. "Fill prices vary based on conditions that are not always reflected."

• MB Trading converts NASDAQ Market on Open orders to Market orders and submits them at Market Open. "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:

• Market on Open orders are not accepted in demo accounts so be sure not to set the trading start time prior to 9:30 a.m Eastern.

• MB Trading converts NASDAQ Market on Open orders to Market orders and submits them at Market Open. "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).

• Prices are simulated.

• Expired demo accounts will have reduced functionality and may exhibit connection and/or performance problems. If you suspect your demo account has expired please contact MB Trading.

Holding Company Depository Receipts:

This is a type of ETF marketed by Merrill Lynch. Unlike other ETFs, HOLDRs can

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Trade Processor Interface

The Trade Processor Interface is configured to mirror your WizeVest account, giving you all the information 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 file menu and status bar for your connections.

Note You can increase the font size for your Trade Processor grid using the

(+) and (-) keys on your keyboard.

Figure 4-1. The Trade Processor Interface

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Chapter 4 Trade Processor Interface

Strategies Section

The Strategies sections displays the strategies that have been enabled in the selected WizeVest account.

WizeVest strategies that have no open orders or positions will not be displayed.

The Trade Processor will display the positions or orders for the selected strategy on the tab that is selected in your Trade Processor window. For example, selecting R5-B-ELS with the MBT Positions tab selected will show only the positions that were submitted using that strategy. Click View All to see the entire list of MBT Positions.

Figure 4-2. Strategies Section

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Chapter 4 Trade Processor Interface

Trade Information

The Trade Information section provides a tabbed view of all trading activity in the selected WizeVest account.

Figure 4-3. Trade Information Window

Each tab in the Trade Information section of the Trade Processor mirrors a section of the selected WizeVest account. Each column of the Trade Information section presents similar information on each tab provided the column is relevant and the information is available. Columns 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 the Open Positions that are displayed in the selected WizeVest account.

The Trade Information columns are as follows for the Open Positions tab:

• Enable—On the Open Positions tab, the checkbox will be enabled when the trade is live with the broker. Within the Trade Processor order submission times, removing the check on this tab will send a closing order to your broker and will remove the symbol from MBT Positions. Placing a check in an unchecked box will send an order to the broker. Outside the Trade Processor submission times,

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Chapter 4 Trade Processor Interface

placing a check or removing a check on this tab will open or close the order when the next trade window comes.

• Symbol—Symbol being traded in the WizeVest account.

• Strategy—The strategy that generated the signal in the WizeVest account.

• WV Date—Date of last WizeVest action (order placed or position entered).

• WV Action—Last WizeVest 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.

– Ye ll o w —Not trading. No order and no position at the broker.

– Green—Order submitted at the broker or in position.

– Red—Could not enter trade: order was filtered out by the Trade Processor’s

settings or rejected by the broker.

– Black—Not applicable 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 (order placed, or when executed, direction and quantity for the position). Column is blank if no corresponding order or position is at the broker.

• TP Entry—Executed entry price.

• Last—Last price for the symbol. This is updated according the MB Trading data subscription.

• PL$—Profit or loss for the trade. This price is calculated using Last.

• Message—Reports messages from the broker or special actions taken by the Trade Processor.

Closing Orders Tab

The Closing Orders tab mirrors the Closing Orders section of the selected WizeVest account.

Closing Orders can be disabled from being sent to the broker using the Enable column checkbox. Orders that do not have a corresponding open position to close with the broker will be disabled automatically and displayed with a dark grey highlight and black status in the Status column.

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The Trade Information columns are as follows for the Closing Orders tab:

• Enable—On the Closing Orders tab, the checkbox will be enabled when the position is queued to send to the broker. Removing the check on this tab will cancel the order with the broker unless the order has been executed. When the order is executed, it will not be allowed again unless the corresponding open position is opened.

• Symbol—Symbol the order will be placed on from the WizeVest account, Closing Orders section.

• Strategy—The strategy that generated the closing order in the WizeVest account

• WV Date—Date of last WizeVest action (order placed or position entered).

• WV Action—Last WizeVest 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.

– Ye ll o w —Order not placed.

– Green—Order submitted at the broker or in position.

– Red—Closing order was rejected.

– Black—Not allowed: closing orders for which a position was not entered.

• 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 (order placed, or executed).

• TP Entry—Entry price for the corresponding position.

• Last—Last price for the symbol. This is updated according the MB Trading data subscription.

• PL$—Profit or loss for the trade. This price is calculated using Last.

• Message—Reports messages from the broker or special actions taken by the Trade Processor.

Opening Orders Tab

The Opening Orders tab mirrors the Opening Orders section of the selected WizeVest account.

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Chapter 4 Trade Processor Interface

Opening Orders can be disabled from being sent to the broker by removing the check from the Enable column checkbox. If there is not enough buying power in the brokerage account to place the order, it will be unchecked, show red in the Status column and display a message.

The Trade Information columns are as follows for the Opening Orders tab:

• Enable—On the Opening Orders tab, the checkbox will be enabled when the position is queued to send to the broker. Removing the check on this tab will cancel the order with the broker unless the order has been executed. When the order is executed, it will not be allowed again unless the corresponding open position is opened.

• Symbol—Symbol the order will be placed on from the WizeVest account, Closing Orders section.

• Strategy—The 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 WizeVest position entry price.

• S—Status of position.This field is indicated with a color code.

– Ye ll o w —Not trading. No order and no position at the broker.

– Green—Order submitted at the broker or in position.

– Red—Could not enter trade: order was filtered out by the Trade Processors

settings or rejected by the broker.

– Black—Not applicable to the opening orders tab.

• TP Date—Displays the date and time of the last Trade Processor action or attempted action with the broker.

• TP Entry—Executed entry price.

• Last—Last price for the symbol. This is updated according the MB Trading data subscription.

• PL$—Profit or loss for the trade. This price is calculated using Last.

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Chapter 4 Trade Processor Interface

• Message—Reports messages from the broker or special actions taken by the Trade Processor.

MBT Positions Tab

The MBT Positions tab mirrors the positions that are live with the broker.

The MBT Positions tab will display any positions in the brokerage account that were made whether they were made from the Trade Processor or by using other methods of trading. Trades made into the account using other means will display here with “Unmanaged” in the Strategy column and “No Position” in the WizeVest Action column.

The Trade Information columns are as follows for the MBT Positions tab:

• Enable—On the MBT Positions tab, the checkbox will be enabled when the position is live 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

• WV Date—Date of last WizeVest action (order placed or position entered).

• WV Action—Last WizeVest 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.

– Ye ll o w —Not applicable to the MBT Positions tab.

– Green—Position at the broker.

– Red—Not applicable to the MBT Positions tab.

– Black—Not applicable to the MBT Positions tab.

• TP Date—Displays the date and time of the last Trade Processor action with the broker.

• TP Action—Displays the last Trade Processor action with the broker.

• TP Entry—Executed entry price.

• Last—Last price for the symbol. This is updated according the MB Trading data subscription.

• PL$—Profit or loss for the trade. This price is calculated using Last.

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• Stop Loss— Displays the stop loss prices. When the stop loss is enabled in the Trade Settings, users are also able to right-click a stock in the MBT Positions tab to add or remove a stop loss. When adding stop losses this way it still uses the percentage set from the Stop Loss Trade Setting; it does not permit typing a value.

• Message—Reports messages from the broker or special actions taken by the Trade Processor.

MBT Orders

The MBT Orders tab will display any orders in the brokerage account that were made whether they were made from the Trade Processor or by using other methods of trading. As opposed to the MBT Positions tab, where shares for each symbol are organized by WizeVest Trades, 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 Orders tab, the checkbox will be enabled when the order is live with the broker. Removing the check on this tab will cancel to order with the broker.

• Symbol—Symbol in position with the broker.

• Strategy—The WizeVest strategy, or strategies associated with that order.

• TP Date—Displays the date and time the order was submitted.

• TP Action—Displays a description of the order.

• Last—Last price for the symbol. This is updated according the MB Trading data subscription.

Trade History

The Trade History provides a complete record of all of the trades that have been placed with the broker for the selected account using the Trade Processor.

Note The Trade Processor must be connected for trade history to be

recorded.

There are two tabs in the Trade History section: the Action Log and Closed Trades.

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Action Log

The columns for the Actions Log display the following information:

• Date—Action date and time.

• Symbol—Symbol the execution occurred on.

• Strategy—Strategy for executed action.

• WizeVest Action—WizeVest Actions taken.

• Processor Action—Action taken (order placed or position entered).

Closed Trades

The columns for Closed Trades display the following information:

• Symbol—Symbol that was traded.

• Strategy—The strategy 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.

• Exit Price—Execution price for exit.

• Quantity—Number of shares traded.

• PL$—Profit/Loss (before commissions).

Trade History Right Click Menu

Right click in the Trade History grid to display the menu options.

• Remove—Deletes the selected record.

• Clear—Deletes all records.

Statistics

The Trade Processor displays account statistics on the right side of the window.

Statistics can be viewed and then collapsed using the arrow to the right of the Account Statistics label to allow for more room for trade information.

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These statistics are provided by the broker:

• Current Equity—The total amount of funds in the broker account including the value of current investments.

• Buying Power—The money in the broker account available to purchase securities.

• Realized Profit/Loss—The profits or losses resulting from the current session’s completed transactions.

These statistics are calculated by the Trade Processor:

• Longs Total Value—The total value of all long trades currently invested.

• Shorts Total Value—The total value of all short trades currently invested.

• Unrealized 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, launch it repeatedly from the icon.

When running multiple Trade Processors, each WizeVest account should be used by one Trade Processor instance. When running a second Trade Processor, select a different WizeVest account and connect that account to an MB Trading account that is not being used in any other Trade processor instances. Connecting two WizeVest accounts to the same MB Trading account will result in unmanaged positions in each Trade Processor instance.

Note An MB Trading account may not be connected by two Trade

Processors at the same time using the same or any linked/affiliated account even on the same Windows instance.

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Trading with the Trade Processor

The Trade Processor is designed to fully automate trading your WizeVest account. However, manual trades can also be easily placed using the Trade Processor.

This chapter provides details on general trading, trading manually, and also some situations to avoid while using the Trade Processor.

Automatic Trading

It is most common to allow the Trade Processor to run in automatic mode. In order to do this, it is necessary to configure the desired trading times under Edit››Trade Settings and make sure the Trade Processor is running prior to the designated time. Orders will not be placed automatically 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 specify. If you do not want to run the Trade Processor constantly, you can start the Trade Processor at any time prior to the trading window and then close it once the orders are submitted.

Trading

You may find that you want to add or remove orders and positions in addition to the ones that are being handled automatically. Orders can be placed manually using the Trade Processor from any of the Trade Information tabs. Add or remove the check in the enable box on the selected tab next to the symbol according to what action you want the Trade Processor to take.

Manual trades may be handled differently on each trading tab. Orders are also subject to the Trade Settings trade times.

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Chapter 5 Trading with the Trade Processor

Trading from the Open Positions Tab

The Open Positions tab mirrors the Open Positions section of the WizeVest website. Symbols that are in trade with the broker will display a check in the Enable checkbox.

If automatic trading is enabled, you may find that some symbols displayed on the open positions tab are not actively trading with the broker. This could be due to the following:

• The account did not have enough buying power to place the trade.

• Trade Processor was not running when the initial order was sent through.

• The trade was rejected by the broker.

• The trade was not taken by the Trade Processor.

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 executed.

Open Positions Right Click Menu

Right click anywhere inside of the Open Positions tab to display the right click menu. The following options are available:

Enable All—All symbols will be enabled and an opening order will be placed for each symbol in the list. If the symbol is already enabled, no action will be taken.

Disable All—All symbols will be disabled and a closing order will be submitted for each symbol in the list. If the symbol is already disabled, no action will be taken.

Trading from the Closing Orders Tab

The Closing Orders tab mirrors the Closing Orders section of the WizeVest website. Symbols that are queued to execute with the broker will display a check in the Enable checkbox.

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If automatic trading is enabled, you may find that some symbols displayed on the Closing Orders tab are not checked to be sent to the broker. This could occur for the following reasons:

• There is no corresponding open position at the broker.

• The brokerage account was not available when the order was submitted.

• Automatic exits are not enabled.

Orders on the Closing Orders tabs are automatically sent as the correct order type according to the time they are submitted to the broker. MB Trading accepts Market on Open orders between 8:00 am and 9:28 am Eastern. Orders placed after that time, within market hours are automatically sent to Market Orders.

Closing Orders Right Click Options

Right click anywhere 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 the list that was not previously enabled.

• Disable All—All symbols will be disabled. Closing orders will be cancelled for each symbol in the list.

Note Closing orders that do not have open positions will be greyed out and

not selectable.

Trading from the Opening Orders Tab

The Opening Orders tab mirrors the Opening Orders section of the WizeVest website. Symbols that are queued to execute with the broker will display a check in the Enable checkbox.

You may find that some symbols displayed on the Opening Orders tab are not checked to be sent to the broker. This could occur for the following reasons:

• Automatic entries are not enabled.

Orders on the Opening Orders tabs are automatically sent as the correct order type according to the time they are submitted to the broker. MB Trading accepts Market

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on Open orders between 8:00 am and 9:28 am Eastern. Orders placed after that time, within market hours are automatically sent to Market Orders.

Opening Orders Right Click Options

Right click anywhere inside of the Opening Orders tab to display the right click menu. There following options are available:

• Enable All—All symbols will be enabled and an opening order will be placed for each symbol in the list that was not previously enabled.

• Disable All—All symbols will be disabled. Closing orders will be placed for each symbol in the list.

Trading from the MBT Positions Tab

The MBT Positions tab mirrors the brokerage account. Symbols that are in trade 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 trade.

MBT Positions Right Click Menu

Right click inside of the MBT Positions tab to display the right click menu. The options in the right click menu will be displayed according to whether the position is managed or unmanaged.

• Mark as Unmanaged—Sets the position to unmanaged status and the position will not be handled automatically.

• Close All Trades for the Symbol—Submits a closing order for all positions on the selected symbol.

• Close All Trades—Submits one closing Market Day order for each symbol in the list.

• Close All WizeVest Trades—Submits one closing Market Day order for each symbol that has trades that were initiated by WizeVest.

• Close All Unmanaged Trades—Submits one closing Market Day order for each symbol that is marked as unmanaged.

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• Add/Remove Stop Loss—When the stop loss is enabled in the Trade Settings, users are able to right-click a stock in the MBT Positions tab to add or remove a stop loss.

• Add/Remove Stop Loss to All WizeVest Trades—When the stop loss is enabled in the Trade Settings, users are able to right-click in the MBT Positions tab to add or remove stop losses for all managed positions

Trading from the MBT Orders Tab

The MBT Orders tab mirrors the brokerage account. Symbols that have a live order with 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 Orders tab to display the right click menu.

• Cancel All Orders—Cancels all orders with the broker.

WizeVest Updating Times

The Trade Processor receives information from WizeVest on the symbols that are being traded in the selected account. The Trade Processor must be active and show that it is connected to the WizeVest account to receive updates. The WizeVest website is updated twice daily for end of day strategies, once at approximately 10:00 am and again at 6:00 pm Eastern.

Opening and closing orders are generated and posted to the WizeVest website at approximately 6:00 pm Eastern time.

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Figure 5-1. Opening and Closing Orders on the WizeVest Website

Once the WizeVest website is updated, the opening and closing orders from the selected account should be reflected in the opening and closing orders tabs of the Trade Information in the Trade Processor.

Orders are executed on the WizeVest website at approximately 10:00 am Eastern. Once the WizeVest morning update is complete, the opening and closing 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 WizeVest orders have been executed.

Aggregate Orders

Multiple orders (opening & closing) for the same symbol are aggregated and transmitted to the broker as one order. The Trade Processor will continue to display them separately as managed by WizeVest. For aggregated orders to occur, the orders must be the same order type, the same Trade in Force (tif) and placed at the same time. Placing an order manually, then placing another order for the same symbol will not aggregate since they were not placed at the same time.

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Monitoring the Trade Processor

In general, when the Trade Processor is left to run in Automatic mode (Automatic Entries and Exits enabled) or Semi-Automatic mode (manual Entries and Automatic Exits), Unmanaged Positions should not occur. There are cases, however, where an Unmanaged Position can happen even with Automatic Exits enabled. Therefore, users should periodically check their Trade Processor for Unmanaged positions and consider closing them if they occur.

Unmanaged Positions

Certain events can occur that cause a position to become “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 unmanaged trades in the MBT Positions and MBT Orders tab are displayed in red text.

The user can easily place a market order (during the times allowed by the broker) to close trades that become unmanaged by unchecking them in the MBT Positions tab.

The following situations will result in Unmanaged Positions:

• Opening trades directly through the broker.

Users can open trades in an account that is being managed by the Trade Processor. This is useful if the user wants to trade in the account in parallel to the Trade Processor. Any trades placed outside of the Trade Processor will show as Unmanaged Positions.

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• Switching broker accounts in the Trade Processor Connection Settings.

Switching broker accounts when connected to the same WizeVest account will cause the Trade Processor to cease managing positions that were opened in the previous brokerage account.

• Switching WizeVest Accounts

The Trade Processor is configured to connect to one WizeVest account and one brokerage account. Switching WizeVest accounts while connected to the brokerage account that the trades were taken in will result in all positions being unmanaged. Switching back to the original WizeVest account will result in the trades being properly managed again, provided no changes were made to the account.

• Changing the Broker Account that was Previously Traded by a WizeVest Account

Once the Trade Processor is connected, the selected 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 severed which will result in unmanaged trades on the first broker account.

• Deleting WizeVest Accounts

Deleting a WizeVest account that the Trade Processor has placed trades for will result in the Trade Processor no longer being able to connect to that WizeVest account, therefore resulting in Unmanaged Positions.

• Partial Fills by the Broker

Temporary Unmanaged Positions will occur when an order is partially filled. Once the order has completely filled the unmanaged entry should disappear. Normally this state only lasts 5-10 seconds while the broker completes the fill for the trade.

No Position(Orphaned)

There are additional cases that result in WizeVest trades that are no longer managed where the trades will not be marked as "Unmanaged." The WizeVest Strategy will still be shown, but under the WizeVest Action column the words "No Position” will be displayed. We refer to these as orphaned trades.

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Here are the cases in which this can occur:

• The Trade Processor is not running when a Closing Order is sent by WizeVest.

• The Automatic Exits option is disabled and the closing order is not checked by the user.

• The Closing Order was not submitted to the broker before it was removed from the WizeVest account.

• The broker rejected a Closing Order and the user failed to resubmit it.

Synchronizing Unmanaged Trades

If an Unmanaged position exists in the MBT Positions tab, users may be able to synchronize the position with a WizeVest strategy allowing it to be managed. There are two conditions necessary for a user 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 WizeVest Opening Order or a WizeVest Opening Position.

When these conditions occur, you may sync an Unmanaged position from the Opening Orders or Open Positions tab by left-clicking the Enable checkbox for the corresponding symbol.

Follow these instructions to synchronize an unmanaged position:

1. Identify the “Unmanaged” position on the MBT Positions tab.

2. Find the desired trade on the symbol on either the Opening Orders or Open Positions tab.

Note If the symbol does not appear on either tab, you will not be able

to synch it.

3. Place a check in the Enable checkbox for the trade.

4. Select the desired option from the menu that appears.

Note This menu will only display for symbols meeting all synchronization

criteria.

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Synchronization Menu

There are three options that will appear when the symbol is available for synching.

• Place New Trade with Broker—A check will be placed in the box and a new order will be sent to the broker. (For more information see the Open Positions tab in Chapter 6).

• Synchronize with WizeVest quantity—Synchronizes the unmanaged broker position with a WizeVest strategy using the WizeVest QTY% to determine the share size based on the current equity. This is particularly useful when you want to synchronize more than one WizeVest strategy managing separate positions for the same symbol.

Synchronize with WizeVest Quantity Example: - An unmanaged long position for 75 shares exists for AAPL. There are two strategies in the WizeVest account that are currently in open positions. AAPL will be unchecked in the Open Positions tab 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 to the broker account's current equity. This will allow the WizeVest strategy to manage the position for 50 shares. An unmanaged position for 25 shares will remain. Left-click the checkbox for the second strategy for AAPL. Select "Synchronize with WizeVest quantity: LONG 25". If the share size is different than the remaining shares for the unmanaged position, you will likely want to select the "Synchronize with Broker quantity" option instead. The reason for this is because if the remaining unmanaged shares are different than the shares calculated by WizeVest QTY%, then you will be left with an unmanaged position for the remaining share size.

• Synchronize with Broker quantity—Synchronizes the unmanaged broker position with a WizeVest strategy using the exact number of shares that are entered at the broker to determine the share size. This is useful when you only want one WizeVest strategy to manage the entire unmanaged trade.

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Synchronize with Broker Quantity Example: An unmanaged long position for 50 shares exists for AAPL. There is a strategy in the WizeVest account that currently is in an open position. AAPL will be unchecked in the Open Positions tab. Left-click the checkbox for it. Select "Synchronize with Broker quantity: LONG 50". This will allow the WizeVest strategy to manage the position for 50 shares.

Enabling and Disabling Strategies on WizeVest

It is permissible to switch Strategies in an active WizeVest Account that the Trade Processor is managing. The Trade Processor will start receiving new Opening Orders for the newly-enabled strategies, while also receiving Closing Orders for the strategies that were disabled in order to properly close the corresponding WizeVest trade as dictated by the strategy.

Closing Positions 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 partially closed, for example, the resulting quantity is different than zero, the original WizeVest trade will show as managed and an additional broker position trade will be added to reflect the shares resulting from the unmanaged order marked Unmanaged The Trade Processor must be connected for positions to appear under Closed Trades.

Trade Processor Reports

The Trade Processor provides an option to send a once daily email report of Trade Processor activity to the email address you specify. The Trade Processor must be running to send the report.

The report displays your Connection Status, Account Statistics, MBT Positions, MBT Orders and Closed Trades for the day the report is generated.

The report displays the status of all broker positions and orders at the time the email was generated and this serves as notification if any of your trades have become unmanaged or out of synch with the WizeVest website.

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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 interrupted.

Figure 6-2. Trade Processor Report Showing WizeVest Connected and the Broker Disconnected

Figure 6-1. Trade Processor Report

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Configuring Trade Processor Reports

Trade Processor reports can be configured to send one email each day to the account you specify at the time you designate. The email will be sent from your email address to your email address, so you will need to configure your reports using your email account credentials.

Follow these instructions to configure the reports:

1. Click Edit››Preferences.

2. Enter the email address that you want the report sent to.

3. Enter the password for the email account you are using.

4. Enter the SMTP Server information, Port and Enable SSL according to your email provider. Settings for the most common email providers are listed at the end of this document.

5. Enable the check box to Send Email Report.

6. Specify the time for the report to be sent.

7. Test the email report by clicking the right arrow button located to the right of the email address field.

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Figure 6-3.

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Chapter 6 Monitoring the Trade Processor

Trade Processor Alerts

The Trade Processor can be configured to send an email or text alert when either of the following events occur:

• The Trade Processor is disconnected from the broker for five minutes.

• The Trade Processor is disconnected from WizeVest.

• A trade or order is found to be unmanaged 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 password and SMTP server as described in the above section, Configuring the Trade Processor Reports.

3. Enable Send Alerts to receive an email alert.

4. If you would prefer to receive the alert as a text message to your phone, enable Via Text and enter your phone number and carrier.

5. Set the start and end time for text alerts to be sent, text alerts will not be sent outside of these designated hours.

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6. Test the alert by clicking the right arrow button located to the right of the text phone number field.

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 587 Enable SSL

Outlook

smtp.live.com Port 587 Enable SSL

Ya ho o

smtp.mail.yahoo.com Port 587 Disable SSL

Gmail

smtp.gmail.com Port 587 Enable SSL

MSN

smtp.email.msn.com Port 587 Enable SSL

Roadrunner

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smtp-server.austin.rr.com (change austin to your location) Port 587 Disable SSL

Comcast

smtp.comcast.net Port 465 Enable SSL

Lycos

smtp.mail.lycos.com Port 25 Disable SSL

AOL

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: [email protected]

Verizon: [email protected]

T-Mobile: [email protected]

AT&T: [email protected]

Virgin Mobile: [email protected]

US Cellular: [email protected]

Cricket: [email protected]

SunCom: [email protected]

Alltel: [email protected]

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Chapter 6 Monitoring the Trade Processor

Metro PCS: [email protected]

Trade Processor Logs

The Trade Processor creates activity logs that show a record of trading history, connectivity and errors when generated. The Trade Processor can be configured to automatically 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, follow these instructions:

1. 1. Click Edit››Preferences.

2. Select the Log Files tab.

3. Enable the option to "Delete log files older than” and click the drop down to specify the time.

With this setting enabled, log files older than the specified time will be automatically deleted at startup, when the setting is changed and once per day.

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Trade Processor Server Version

The Trade Processor can be run continuously on the WizeVest servers for uninterrupted trading. You will continue to monitor trading and enter manual 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 running in server mode.

Figure 7-1. Trade Processor Showing that is Running in Server Mode

Enabling the Trade Processor for Server Mode

The Trade Processor client needs to be installed and configured for trading prior to enabling Server Mode.

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When the TP starts, click Edit››Preferences››Reports and Alerts.

1. Enter your email address and enable ‘Send Alerts’

Note You will not be able run server mode without these reports and alert

settings.

2. Click the Server tab and enable the option to Run Trade Processor continuously on Server.

3. When this is activated, all 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 status of the account in the Trade

Processor column of the Accounts page of MyWizeVest.com.

Closing the Trade Processing in Server Mode

The Trade Processor client does not need to be running in order for automatic trading to occur. Closing the Trade Processor in server mode will display a message notifying you that trading will continue with the client application closed.

Figure 7-2. Server Notification Message

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Chapter 7 Trade Processor Server Version

Monitoring the Trade Processor Connection on the WizeVest Web Page

The WizeVest web page includes a TP column on the Accounts page that indicates which of your 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 follows:

A blank Trade Processor column indicates there is no server version of the Trade Processor running on that account.

• Indicates a non-traded/demo account.

• Indicates the Trade Processor is running on the server and connected to both WizeVest and the Broker.

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• Disconnect icon showing there is a Trade Processor running on the server but either WizeVest, the broker or both connections have been interrupted.

• Unplugged icon indicating there should be a Trade Processor running on the server but it’s not running. This could be an indication of a Trade Processor unintended termination or intentional server maintenance at WizeVest.

Disconnecting from Server 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 your email settings you will need to do so before saving this form or you may disable Send Email Report & Send Alerts as an alternative.

Note After the TP is no longer running on the server, you will need to have

the TP running if the TP is to continue trading your WizeVest account.

Conclusion

Thank you for using the Trade Processor with WizeVest. We know you will enjoy the seamless automation of your WizeVest account through this easy-to-use program.

We wish you the best of luck in your trading.

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