LOCATION POINT PACKAGE - TradersYard

LOCATION POINT® PACKAGE

V 1.0.0.0

www.locationpointtrading.com

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http://www.locationpointtrading.com

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TABLE OF CONTENTS

1

BRIEF DESCRIPTION LOCATION POINT PACKAGE 3

INSTRUCTIONS FOR PACKAGE INSTALLATION 4

CONTENTS OF LOCATION POINT PACKAGE 5

1. THE LOCATION POINT WORKSPACE 6

1.1. Scanner templates 6

1.2. Chart templates incl. ActionBar templates 6

1.3. ListChartGroup templates 6

1.4. Location Point pad 6

1.5. Dynamic scanner 10

2. LOCATION POINT INDICATORS 11

2.1. LocationPointFreeRide 11

2.2. Location Point heatmap 12

2.3. ClimacticMove 13

3. LOCATION POINT BASIC CONDITIONS 14

3.1. SingleBarRetracement 14

3.2. DoubleBarRetracement 14

3.3. TripleBarRetracement 14

4. LOCATION POINT SIGNAL CONDITIONS 15

4.1. LPEightTrain 15

4.2. LPTwentyTrain 16

4.3. LPStairway 16

4.4. LPYoyo130 16

4.5. LPJojo200 16

4.6. LPWipeOut 16

5. PREDEFINED SETUPS 16

5.1. LPEightTrain 16

5.2. LPTwentyTrain 16

5.3. LPStairway 17

5.4. LPYoyo130 17

5.5. LPYoyo200 17

5.6. WipeOut 17


BRIEF DESCRIPTION LOCATION POINT PACKAGE

WARNING!

Dear customer, before you start working with Location Point signals, tools and indicators, we request that you read through these instructions in detail before modifying any settings.

The Location Point® AddOn is a very advanced tool that contains many settings and

parameters. Incorrect settings that are made out of “curiosity” can 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.

Technically correct Location Point® trading is an extremely effective trading style, but it must first be understood and internalized from the ground up if you wish to be able to achieve the

expected results in the markets.

Successful trading with the Location Point® signals requires substantiated training; for more detailed information please visit www.locationpointtrading.com.

Wishing you much success in trading with the Location Point® package,

Your AgenaTrader support team

http://www.locationpointtrading.com/



INSTRUCTIONS FOR PACKAGE INSTALLATION

1. After making your purchase, you will receive the LocationPointPackage.atpack file sent to you by

email. This file is the actual package including all components contained within.

ATTENTION!

If you are using Internet Explorer or Microsoft Edge, the .atpack file may automatically be renamed

as a zip file by your browser. After downloading, therefore, you need to rename the

LocationPointPackage.zip to LocationPointPackage.atpack

2. Save the LocationPointPackage.atpack file on your hard drive.

3. Now you still need to enter your license for the package in AgenaTrader. To do so, click on “License”

in the main toolbar and select “Enter activation key”, then navigate to “LocationPointPackage” and

enter your activation key, which you received via email (you will find the key directly in your invoice).

Click on “Activate”. Once you see the message that your license has been successfully activated,

close this window.

4. 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

LocationPointPackage.atpack file, click on it and then select “Open”. Confirm the request to restart

AgenaTrader by clicking on “OK”.

5. After restarting, the first step is to establish a connection to the data feed.

6. Once you have established a connection to your data feed, select Main -> Workspace ->

LocationPointTrading to load one of the Location Point workspaces. As soon as all charts are fully

loaded, the Location Point package is completely ready for use.


CONTENTS OF LOCATION POINT PACKAGE

• 6 Location Point signals (+ LP indicators)

• EightTrain

• TwentyTrain

• Stairway

• Yoyo130

• yojo200

• WipeOut

• Location Point PAD

• Effective display of the Location Point in various timeframes

• Automated FreeRide checks in various timeframes

• Recognition and placement of the Location Point targets

• Location Point workspaces

• End-of-Day trading workspace

• Intraday trading workspace

• Market preparation workspace (End-of-Day and intraday)

• Market preparation CFDs Workspace (End-of-Day and intraday)

• Dynamic scanner

• The optimized control center for your semi-automated trading


1. THE LOCATION POINT WORKSPACE

1.1. Scanner templates

• LocationPoints Trading AllSignals

• LocationPoints Trading TrendSignals

• LocationPoints Trading ReversalSignals

• LocationPoints Trading FastMover Signals

1.2. Chart templates incl. ActionBar templates

• LocationPointsMarketPreparation

• LocationPointsSignalTF

• LocationPointsTF+1

• LocationPointsTF+2

1.3. ListChartGroup templates

• LocationPoints Trading (End of Day und Intraday)

• LocationPoints AllSignals (1D-1W-1M / 1H-4H-1D / 5M-15M-1H)

• LocationPoints TrendSignals (1D-1W-1M / 1H-4H-1D / 5M-15M-1H)

• LocationPoints ReversalSignals (1D-1W-1M / 1H-4H-1D / 5M-15M-1H)

• LocationPoints FastMover Signals (1D-1W-1M / 1H-4H-1D / 5M-15M-1H)

1.4. LocationPoint-Pad

When you import the package, the Location Point pad is assigned the hot key “L”; as soon as

you click in a chart and then press this key, the Location Point pad opens up. The settings that

you make in the Location Point pad are saved by means of a chart template. Therefore, if you

change the settings and then save a template in the corresponding chart, when you then load

this template in the future, the settings are also loaded in the LP pad.

All settings that you change in the Location Point pad can also be saved using a chart

template. So, if you want to set the color of the SMA 200 to white in the LP pad and then save

a chart template of the chart in which the LP pad is open, precisely those LP pad settings are

opened when you load the corresponding chart template in another chart.

• Show LocationPoints

The basic idea of this section of the LP pad is to be able to display the Location Points from

the superior timeframes in the chart as easily and conveniently as possible. This is why in the

LP pad, the timeframe that is superior by 1 level is always activated automatically. When you

open the LP pad in the daily chart, for example, the 1-week tab is automatically activated. A

click on “All” suffices to load the superior Location Points from the weekly chart into the daily

chart.


1) Timeframe tabs:

The tabs are each labeled with a Location Point

timeframe; a click on the corresponding tab

opens the option “Show Location Points” in the

respective timeframe.

2) LP indicator selection:

For each LP timeframe, the 5 Location Point

indicators are predefined. With a click on “All”,

you activate all Location Points for the

corresponding timeframe. You can also just

activate or deactivate individual indicators

using the checkbox.

Next to each indicator, you will find a color

selection that is effected immediately once you

change it. In addition, you also have the option

to change the line strength of each indicator

very simply using the “Width” box.

3) OnClosedBar

When this option is activated, the Location

Point indicators are calculated at the

respective closing prices; when you deactivate

this option, the indicators are calculated tick-

by-tick and are also drawn in up to the most

recent candle. This has an impact in particular

when you would like to display the Location

Points from timeframes well above the current

chart – for this, deactivate “OnClosedBar” so

that the superior Location Points are drawn up

until the most recent candle.

4) AutoScale

When you activate this option, the y-axis (price

axis) of the chart is scaled in such a way that the

selected indicators are visible.

5) Location Point heatmap

Using “Show heatmap”, you can activate the Location Point heatmap for the

corresponding timeframe in the chart. With the lookback period, you can set how many

bars the heatmap should analyze

You can find more detailed information on how the heatmap works under “2.2 Location

Point heatmap”.

6) Risk

This function is currently still in progress and will be enabled with a future update of the

Location Point package.


• CheckFreeRide

7) FreeRideLong / FreeRideShort

The FreeRide indicator serves to check the current plus the superior timeframes to see

whether there is a Location Point within double the range (=default setting) of the current

bar in the chart in which the LP pad is loaded. If this is the case, there is no FreeRide, since

these closely located Location Points could provide a strong resistance and a trade in this

direction therefore has only a very limited risk-reward ratio. With a click on FreeRideLong

or FreeRideShort, the current plus x superior timeframes are automatically checked (the

value x is defined via the selected setting “TF” next to the FreeRide buttons. A value of

TF=2 means that with a click on FreeRideLong/FreeRideShort, the current + 2 superior

timeframes are checked. If the current timeframe is the daily chart, therefore, the 1D, 1W

and 1M chart would be checked for FreeRide).

FreeRideLong checks the FreeRide upwards in the chart (-> for long positions);

FreeRideShort checks the FreeRide downwards in the chart (-> for short positions).

A green light next to the button means that a FreeRide is present. For this, all timeframes

that have been checked need to return a green light for the FreeRide. As soon as one of

the checked timeframes no longer returns a positive FreeRide, the entire

FreeRideLong/FreeRideShort check is negative and a trade in the respective direction

should not be carried out.

Every timeframe that has been checked receives a black check mark to the right of the

respective timeframe.

You can find more detailed information on what the FreeRide checks and exactly how

the FreeRide indicator works under “2.1 FreeRide”.

8) Individual timeframes

You can also have individual timeframes checked for any existing FreeRides. To do so,

simply click on the respective timeframe that you would like to have checked in the long

or short list. When you do so, then only this one timeframe is checked, and depending on

the result, a green (=positive) or red (=negative) light is outputted. The algorithm

recognizes whether the timeframe that you want to check is the timeframe of the current

chart. If this is the case, only the SMA 200 and the EMA 130 are used for the FreeRide

evaluation. All other timeframes go through the complete FreeRide test. Again, you can

find more detailed information on how the FreeRide works and the differentiation of the

calculation between the current chart timeframe and all other timeframes under “2.1

FreeRide”.

9) Number of timeframes

As you can read under “5. FreeRideLong/FreeRideShort, this setting controls how many

timeframes above the current timeframe the FreeRide should be scanned.

A setting of 0 means that only the current timeframe is scanned. A value of 1 means that

the current + one superior timeframe is checked. The higher you set this value, the more

timeframes are checked. The more timeframes are to be checked, the more time the

algorithm needs to output a result, since the price data has to be loaded and processed

from multiple timeframes. By default, the timeframe setting is on “TF = 2”.


10) Clear calculation

You can delete the current results using the “X” in the upper right corner of the

“CheckFreeRide” area.

• Targets

11) Set LP targets

To activate this function, an AT++ setup must already be present in the chart as a

suggested order. In addition, the setup must have targets so that these can then actually

be shifted. With a click on “Set LP targets”, AgenaTrader searches for Location Points

that will shortly be approaching your trend in the current as well as the superior

timeframes. Precisely at these Location Points is where the targets are now

automatically placed. This means that with just one click, your targets are now at the

Location Points – completely in accordance with the LP rules – that could become

resistances in the future. You now simply have to activate the entry order in the market

in order to start the Location Point trade.

12) Recalc LP targets

If you already have a trade running, you can use this button to request a recalculation of

the LP targets. The Location Points are dynamic and naturally change over the course of

the trade. When you click “Recalc LP targets”, dashed green lines appear showing the

markers at which the LP targets should optimally be placed after the recalculation. In

addition, a button now appears in the LP pad to “Confirm” or “Decline”. If you agree with

the recalculation of the LP targets, you can request the targets to be shifted to the levels

that were just shown by clicking on “Confirm”. If you do not wish to shift the targets, you

can simply cancel the process by clicking “Decline”.

13) Number of timeframes

With this setting, you can set how many superior timeframes should be used for the

target search. The default setting here is 2, which means that the current timeframe (in

which the trade is running) plus 2 superior timeframes will be analyzed.


1.5. Dynamic scanner

This feature is an add-in for AgenaTrader that is included in your Location Point license. The

dynamic scanner optimizes the workflow for semi-automatic trading for your maximum comfort.

The dynamic scanner gathers all the signals that occur in all open tabs in your AgenaTrader. This

makes this tool the central control point where all your signals are displayed, and where you then

just have to manually check the signals and activate the desired trades.

An extremely helpful hotkey for working with the dynamic scanner is “All Charts

Increase/Decrease TimeFrame”, which can be found in the hotkey category “Chart Groups”. With

this hotkey, you can increase or decrease the timeframes of all charts in the current chart

container using just one button. When you do so, the timeframe slide is placed one position

higher or lower in the ActionBar. Since the signals you receive in the dynamic scanner come from

the most varying of timeframes, this hotkey gives you a very effective way of switching to the

chart view that you need to evaluate the current signal. If, for example, you would like to observe

a signal in the daily chart, but your current chart container in the dynamic scanner is showing

5min/15min/1h charts, you can click on “All Charts Increase TimeFrame” several times to switch

to the chart container view 1D/1W/1M in order to be able to analyze the Location Point signal

including the superior timeframes.

You can find more detailed information on the dynamic scanner in our wiki: LINK

https://agenatrader.com/wiki/tiki-index.php?page=Dynamic+Scanner+%28de%29


2. LOCATION POINT INDICATORS

2.1. LocationPointFreeRide

This indicator can be found under “Premium indicators”, and checks the current plus the superior

timeframes to find out whether there are Location Points in a specific range in the signal

direction that are opposing the signal and could present a strong resistance.

If a Location Point is present in this specifed range, no FreeRide is outputted. The trend-

following LP signals are only outputted when there is a FreeRide in the signal direction. In the

timeframe in which the LP signal occurs, AgenaTrader only scans for EMA 130 and SMA 200 (=

“CheckAllLPs” = False); in the superior timeframes, it then scans for “CheckAllLPs = True”.

• CheckAllLPs

o True: in the FreeRide calculation, SMA 8, SMA 20, EMA 130 and SMA 200 are taken into

consideration

o False: in the FreeRide calculation, EMA 130 and SMA 200 are taken into consideration

• CheckBBWidth

o True: in the superior timeframe, AgenaTrader checks whether the Bollinger Bands are

far enough apart to detect a possible sideways phase and accordingly to no longer output

any trend-following signals

• Direction

o Long: the FreeRide condition for a long signal is checked

o Short: the FreeRide condition for a short signal is checked

• RangeMultiplier

o Here you can enter a decimal number. A range corresponds to the size of the current

candle from the high to the low. The RangeMultiplier controls the factor of this range

above/below the signal for which no Location Point may occur that could function as a

resistance. If a Location Point occurs within this range, there is no FreeRide in the

respective direction.

• TFReference

o This parameter is only required for signal generation in the code for the signals; you do

not need this parameter for the chart display.

• TimeFrameNumber

o Has the same function as “NumberOfTFs” in the LP signals. This controls how many

superior timeframes the FreeRide should check for opposing Location Points. For a value

of 0, only the current timeframe is checked; a value of 2 (= default setting) means that

the current plus two superior timeframes are to be checked.

• BackgroundColorLong

o Background color in the chart if there is a FreeRideLong


• BackgroundColorShort

o Background color in the chart if there is a FreeRideShort

• BBWidthBackground

o If “CheckBBWidth” = True is set, the area of the chart in which the CheckBBWidth

condition is responsible for there being no FreeRide is marked with the respective color.

• Colorize

o True: the chart background is marked with the colors set above if there is a FreeRide.

o False: no coloration of the background takes place.

2.2. LocationPointHeatmap

This indicator can be found under “Premium indicators” and aids in visually locating sideways

phases.

The deeper the shade of red of the heatmap gets, the longer and the more intensive is the

sideways phase zone that has been discovered in the chart. Green values mean that no sideways

phases have occurred in this area.

Trend-following Location Point signals should not be traded in sideways phases, which can be

controlled very nicely using the heatmap. For each chart, you can load a maximum of 2 charts

next to each other; after this, addition of a further heatmap is blocked and an according message

is issued in the log.

The heatmap can be activated using the LP pad, the ActionBar or via the normal way using the

indicator dialog. The only available parameter, “LookBack”, controls how many bars the

heatmap should look back into the past to detect sideways phases.

By default, a value of 500 bars is set in the LP pad. A value of 0 means that the entire available

history is analyzed.


2.3. ClimacticMove

This indicator can be found under “Scripted Indicators” and calculates how strong a current

movement in the chart is measured to the last local high/low point. If very high values are

measured here, a strong movement has taken place since the last high/low point, which among

other things can be a basis for the occurrence of an LP yoyo signal, which signalizes and end to

this movement including the subsequent reversal.

• ZigZagATRValue

o Regulates how sensitive the search for the last high/low points in the chart is,

which has a direct influence on the strength of the measured movements.

• LimitLineValue

o Is the value for which signal lines in the indicator are displayed if ShowLines is

activated. If the ClimacticMove is above the LimitLineValue, we are dealing with

a strong movement since the last high/low point.

• ShowLines

o True: the signal lines in the indicator panel are shown.


3. LOCATION POINT BASIC CONDITIONS

3.1. SingleBarRetracement

• Parameters:

o Arrow Long/Short: color of the signal arrows in the chart

o Show Arrows: activates/deactivates the signal arrows in the chart

3.2. DoubleBarRetracement

• Parameters see SingleBarRetracement

3.3. TripleBarRetracement

• Parameters see SingleBarRetracement


4. LOCATION POINT SIGNAL CONDITIONS

4.1. LPEightTrain

• CheckBBWidth

o True: in the superior timeframes, AgenaTrader checks whether the Bollinger Bands

are far enough apart to detect a possible sideways phase and accordingly to no

longer output any trend-following signals

• ShowOnlyFilledSignals

o True: in the chart, now only the historical signals are shown that would have been

filled with the next candle, for which the next candle has therefore formed a high for

a long signal above the signal candle. The high above the signal candle means that

an entry order at the high of the last candle would have been filled and the trade

would have been opened. This display serves only as a visual check in the history; for

real-time signals, this setting should be on “False”!

• atrDevMultiplier

o Here you can enter a decimal value. This setting makes it possible to calculate the

signals a little less precisely. This means that you can set the Location Point signals

in such a way that a retracement no longer has to reach precisely to the exact

corresponding Location Point, but that the high/low of the retracement does not

need to touch the Location Point. This multiplier regulates how far away the high/low

of the signal bar may be in order to continue to recognize an LP signal. A value of

0.08 means that for a long LPEightTrain signal, the low of the signal candle may be

located at a maximum of 0.08*ATR(13) higher than the SMA 8.

• NumberOfTFs

o Here you can enter integer values. This parameter serves as an input parameter for

the LocationPointFreeRide indicator and controls how many superior timeframes

the LocationPointFreeRide should check for this signal.

• LongColor

o Color for the long signal arrow

• ShortColor

o Color for the short signal arrow

• Show arrows:

o True: the signal arrows are displayed in the chart

• Show text:

o True: the signal labels are displayed in the chart


4.2. LPTwentyTrain

• Parameters see LPEightTrain

4.3. LPStairway


4.4. LPYoyo130


4.5. LPJojo200


4.6. LPWipeOut


5. PREDEFINED SETUPS

These setups are pre-configured in the Analyzer Escort session “LocationPoints”. The LPTwentyTrain setup

is deactivated by default, since trading the TwentyTrain is only recommended for advanced and

experienced traders who have completed the Location Point trading education and understand exactly

how to handle the retracements at the SMA 20.

5.1. LPEightTrain

• InitialStop: BarByBar (BarsBackInitialStop = 1)

• HardStop: TwentyTrail (WaitBeforeFirstTrail = 5)

• SoftStop: EightTrail (WaitBeforeFirstTrail = 5)

• Targets: MultipleRisk3Levels

5.2. LPTwentyTrain • InitialStop: BarByBar (BarsBackInitialStop = 1)

• HardStop: PivotFast (WaitBarsBeforeFirstTrail = 5)

• SoftStop: TwentyTrail (WaitBarsBeforeFirstTrail = 5)



5.3. LPStairway



• SoftStop: InitialStopOnly


5.4. LPYoyo130





5.5. LPYoyo200





5.6. WipeOut


• HardStop: BarByBar (BarsBackHardStop = 1)




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LOCATION POINT PACKAGE - TradersYard