IG Index's ProScreener?

Hi there,

This thread is for anyone to discuss the ProScreener software that IG index use on advanced charts. For awhile I have been trading with IG and after using the quick chart system, realized I needed something better. I tried the advanced chartist software they have and it seems okay, maybe as good as MetaTrader, but I'm used to MetaTrader so it was a hard transition.

Now I know how to code correctly with ProScreener, I am attempting to create a system that will run against any exchange or forex markets.

The system..

I want to run an ADX indicator check against all the stocks on an exchange and see if they have a reading of 29.9 - 30.05 and it will pick them out and put them into a spreadsheet for me, giving my possible trades!

Then it will compile the DI+ and DI- to give the strength of the trend.

Ohh and this will be run every morning on the closing price of each stock or currency price if you want to use it for forex.

The stop loss will be placed at the previous days high if we are going short or vice versa.

I would really appreciate anyones opinion or input on this?!

Thanks - PipMunch

I spoke to IG Index this morning, they inform me that this is very possible and IF i go ahead and write the code for it, they will happily check to see if it works, BUT THEY WON'T HELP ME?!

Definitely means that they want to steal my little gem if i can do it haha!

Does anyone have any experience with ProScreener?

Hi,
Not sure how Proscreener can read a few numbers from ADX chart

I signed up to ProRealTime directly. They are the ones that have written the advanced charts, proscreener etc for IG and others.

I am almost certain you cannot do it. You can get it to only select stocks that have a certain value of Adx and then display +DI but you would need a second proscreener run to display -DI values.

You cant export the data to a spreadsheet.

I subscribed to ProRealTime ONLY for the ProScreener. It is great and is quite quick to write proscreeners.

Steve

Thanks for the heads up. I didn't realize that, I looked at the ProRealTime website and it looks like they have a little community of their own that may be able to help with things like that.

Even if it can pick the stocks out with an adx reading your looking for, I think that would be enough right? Regardless of if you are long or short, you only want to find a stock with a reading of 30 and enter the trade.

Maybe I'm missing something here, but from the research I've done. It seems almost all the time when the adx gets to 30 the trend will continue in either direction. It's just catch it at the 30 mark in the first place.

Il go away and post some charts later

You should be able to get it to show you the trades no problem. You can't easily export it to excel, no, but it does give you the trades in a spread sheet like manner.

It won't trade for you, but you will be able to screen for whichever trades you want. If ADX is one of the indicators supported then it will be simple, if it's not then you'll have to code that first (although you can probably find it on the net).

You should be able to do what you want from what I see, unless you really need it in excel for some reason.

No reason for Excel, I just thought it would be an easy format to work with; however what you have said about ProScreener is very promising!

I will attempt to write something in the next few weeks and then post my code here for all to see.

Sharing is caring!

UPDATE:

I've been trying to get the system to work running against all indexes, but I think you would have to run it each morning on a different exchange if you wanted to trade FTSE stocks and DAX stocks for instance.

Watch this space...