omnitrader metastock

OmniTrader Set Up for the first time End Of Day

The software to be installed includes

Here are some tips - please read the notes below and watch the video first

Most Important

Note references to installing OmniData (US data) in the user guides should be ignored
When you run the software do not update any OmniScan or OmniData lists this will cause you problems
If you did not run the OmniTrader Updater after you installed the supplied disks (or after a download of the software) then please do it now

If asked to download or install US Data during the installation process - say NO

Change this install option to NO if requested to download US data

If asked to change to Easy Data at any time select NO

PremiumData

Install the program files and history installer so that you can get the end of day share price data into OmniTrader.
Remember what directory you use to save the data in, for example it may be c:\TradingData
Have you considered the use of custom folders - this can be done latter, but it greatly speeds up the set up
You will need to run an UPDATE to get the data updated each day

Setting up OmniTrader

Open up OmniTrader
You may be shown a US focus list which will have no charts shown on it
Change the country exchange to AU, you do this by clicking on Edit then Exchange (see below)
Also change the symbols database
Close and re open OmniTrader

Data Settings

Set Up a Profile

A profile holds the shares you want analysed
To Create a Profile by clicking File/New, enter a title for it (My Shares), leave the default options, & click ok.

To Set up your shares to read the price data

Click on the Pencil icon at the top of the Focus List to access the share price data you have saved.
Then Select User Data from the drop-down list (other data types are for US and OmniScan do not use these).
If your data directory is not showing, on the right side under Drive & Directories, you need to find it.
PremiumData data is normally saved as shown in the example under a folder called Trading Data
Once you find the folder that contains the data, open it, the symbols will appear in the centre of the screen.
In the example below we have created a custom folder and generated a top 300 list [ consider use of custom folders ].
If you do not create custom folders in the data service then you need to select individual shares
Click on the share or folder and the data selected will appear in the middle of the screen
Click on a symbol to highlight it (you can also select multiple symbols).
Then click the Add button on the top left & it should add it to your Focus List on the left-hand side.
Once complete, click Ok on the bottom right to save your changes.
An example of the screen shot you may see is as follows..

Run analysis

Once you have clicked OK to the above instructions, you will be back on the main screen
Double-click any share symbol to get a chart - this is a standard chart
To activate all the vote line on ALL charts you need to run the "To Do" from the top tool bar - see below
Click Perform Selected Tasks - you do not need to use the top two options.
Australian users should not attempt to download historical data or Update OmniScan lists

Reports

The final result are shown in this example below. Each user may have purchased different modules, the example shows a Darvas add-on activated, screen colours have been activated and moving averages are shown
If you have just download and run a "To do" list you will may not see the new data on the chart until OmniTrader is closed and restarted. This happens on initial set up.
If you want to see up to 10 years of data you need to amend the data settings to increase the number of bars loaded.