Darvas AddOn Professional

BRIEF DESCRIPTION DARVAS ADD-ON

WARNING! Dear customers, before you start working with the Darvas workspace and indicators, we ask that you read these instructions thoroughly before modifying any settings. The Darvas Add-On is an advanced tool that contains a large number of settings and parameters – incorrect settings made due to “curiosity” may lead to undesired behavior.
IMPORTANT! You can carry out any changes you want in the indicator settings; however, we strongly recommend that you only touch the parameters with which you are familiar. The Darvas Add-On is designed for End-of-Day trading since the original trading strategy was not developed for intraday trading. You can use the trading signals in every timeframe, but you must be aware that the trading strategy is not optimized for this. Wishing you much success in trading with the Darvas Add-On

INSTRUCTIONS PACKAGE INSTALLATION

I. After making your purchase, you will receive the following file sent to you by email: • DarvasStandardPackage.txpack / DarvasProfessionalPackage.txpack: this file is the actual package including all components contained within.
ATTENTION! If you are using Internet Explorer or Microsoft Edge, the .txpack file may automatically be renamed as a zip file by your browser. After downloading, therefore, you need to rename the DarvasStandardPackage.zip /DarvasProfessionalPackage.zip to DarvasStandardPackage.txpack / DarvasProfessionalPackage.txpack!
II. Save the .atpack file on your hard drive.
III. Now you still need to enter your license for the package in TradersYard X. To do so, click on the symbol with the question mark, select About -> Enter the activation key, then navigate to “DarvasStandardPackage” / “DarvasProfessionalPackage” and enter your activation key, which you received via email. Click on “Activate”. Once you see the message that your license has been successfully activated, close this window.
IV. Open Tools->Packages->Import package, read the subsequent backup information and, if you have already carried out a backup, click on OK. In the next window, navigate to the storage location of the DarvasStandardPackage.txpack file, click on it and then select “Open”. Confirm the request to restart TradersYard X by clicking on “OK”.
V. After restarting, the first step is to establish a connection to the data feed.
VI. Once you have established a connection to your data feed, select Main -> Workspace -> DarvasStandard / DarvasProfessional to load the Darvas workspace. As soon as all charts are fully loaded, the DarvasStandardPackage is completely ready for use.

DARVAS PROFESSIONAL ADD-ON

The Darvas Professional Add-On provides you with optimal support when trading the famous Darvas strategy. From the fully-automated filtering of the instruments according to Darvas’ criteria, all the way to the signal search in the highly potential instruments, everything is integrated and prepared for you in the workspace.

Indicators

DarvasPro

see description in Darvas Standard Add-On

MoveSinceLastHighLow

This indicator calculates the percentage of an instrument’s movement, measured by the high/low of the last x periods. In the parameter settings, under “Last high or low”, you can select whether the calculation should start from the last high or low. Here, the setting “Lookback period” determines how many bars should be used to detect the last highest high or lowest low.
This indicator forms the basis for the filter conditions described in the following point.

Conditions

The following conditions use the MoveSinceLastHighLow indicator to measure the performance of an instrument. Depending on which value this indicator outputs, the respective condition is either “True” or “False”.
These conditions are used in the form of filter conditions as an input for the AQConditionFilter to carry out the automatic sorting of the instruments. The names of the conditions here are self-explanatory.
The following conditions are included in the DarvasProfessional Add-On:
• SixtyToSeventyPercentUpmove • SeventyToEightyPercentUpmove • EightyToNinetyPercentUpmove • NinetyToHundredPercentUpmove • MoreThanHundredPercentUpmove • ThirtyToThirtyFivePercentDownmove • ThirtyFiveToFourtyPercentDownmove • FourtyToFourtyFivePercentDownmove • FourtyFiveToFiftyPercentDownmove • MoreThanFiftyPercentDownmove
You can build your own conditions exactly how you would like them, and you can then use these as an input for the ConditionFilter, so you do not have to use the pre-prepared conditions. With the MoveSinceLastHighLow indicator, for this purpose, you can query any performance value since the last highest high / lowest low and include these values in filter conditions.

ScriptedConditions

DarvasBreakout

see description in Darvas Standard Add-On

PotentialDarvasBreakou

The PotentialDarvasBreakout signal is outputted when a value runs right up next to the upper or lower Darvas boundary and, in addition, a confirmed Darvas box is also already present.
This means that the signal comes earlier than the DarvasBreakout signal, which is only activated when the price actually exceeds the upper or lower boundary of the box. With the PotentialBreakout signal, you have the possibility to place your orders early on, meaning you no longer miss any top signals.
When you start the PotentialDarvasBreakout signal by double-clicking in the list, the entry order is placed directly at the boundary of the Darvas box, and once this is crossed, the trade is opened in accordance with Nicolas Darvas’ rules.

AQ ConditionFilter

The AQConditionFilter serves to manage the automatic sorting of the values into the corresponding instrument lists. This is a separate product by our tech partner AlgoQuantics that has been integrated into the DarvasProfessional package. You can find a detailed description of this tool in the second attached description, which you should have received when you purchased the DarvasProfessional Add-On.

Stops

see description in Darvas Standard Add-On

Workspace

DarvasProfessional

  1. 1.
    Pre-prepared watch list With the help of the pre-prepared watch list, you receive an excellent overview of all markets that interest you. From the current bid/ask, the volume, the daily performance, main and sub-sectors, and the entire pre-screening to the AQConditionFilter, everything is processed and displayed in the watch list. Here, the Russell1000 is loaded as the default instrument list, but you can load any instrument list you like – depending on which instrument you would like to trade. The AQConditionFilters are loaded in the columns 60-70%, 70-80% etc. Whenever a green “1” appears in a column, the filter condition applies and the value is sorted into the instrument list of the same name. The green column “MoveSinceLastLow” measures the increase of the value since the lowest low of the past year. The value measured here is crucial for sorting into the lists. If, for example, a value of 62.50 is outputted, the instrument will be sorted into the list 60-70%, and therefore the green “1” will also show up in the 60-70% Upmove column. For the red column “MoveSinceLastHigh”, the same thing goes but vice versa, i.e. here, the decrease since the highest high of the past year is measured and is again a decisive value for sorting the Downmove values.
  2. 2.
    Fully automatic pre-screening The following instrument lists are created independently: • 60-70 % Upmove • 70-80 % Upmove • 80-90 % Upmove • 90-100 % Upmove • > 100 % Upmove • 30-35 % Downmove • 35-40 % Downmove • 40-45 % Downmove • 45-50 % Downmove • > 50 % Downmove Upmove refers to a movement since the lowest low of the past year. Thus 60-70% Upmove means that all values that have increased their value by 60-70% since the lowest low of the past year are sorted into this list. The opposite goes for Downmove; here, the loss in value is established by the highest high of the past year. So all values that have lost 30-35% of their value since the highest high of the past year are sorted into the list 30-35% Downmove. This pre-sorting makes it possible to determine relatively strong and relatively weak stocks. In the strong values, the software searches only for long signals, and in the weak values, only short signals. Here, the Darvas strategy assumes that the behavior exhibited by a value up to the present moment will continue in the same direction, which is equivalent to a trend-following approach.
  3. 3.
    ListChartGroups In the individual list chart groups that are set up in the workspace by default, therefore, the values are automatically sorted as described. Then, TX screens for the DarvasBreakout and the PotentialDarvasBreakout signal on a 1Day and 1Week basis directly in the LCGs. The third column in the list is the “MoveSinceLastLow” in the Upmove lists and the “MoveSinceLastHigh” in the Downmove lists and therefore displays the same values as in the watch list described above
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Outline
BRIEF DESCRIPTION DARVAS ADD-ON
INSTRUCTIONS PACKAGE INSTALLATION
DARVAS PROFESSIONAL ADD-ON
Indicators
Conditions
ScriptedConditions
Stops
Workspace