User Manual

CHAPTER 1
An Introduction to TopGun Software

CHAPTER 2
TopGun Software Installation and Setup

How to Use the Acuity Workstation Toolbar
How to Use Layers to Multiply Your Trading Workspace

CHAPTER 3
How to Setup a New Chart
How to Modify an Existing Chart
How to Setup / Modify / Delete Chart Studies
Descriptions of Chart Studies
How to Use Our Drawing Tools
How to Link Your Charts to Quote Sheets and Hotlists

How to Multilink Multiple Charts to a Hotlist or Quote Sheet

CHAPTER 4
How to Use Our Advanced Quote Sheets

How to Select Which Fields You Want on Quote Sheets / Hotlists

CHAPTER 5
How to Use Hotlists to Find the Best Trading Candidates

Descriptions of Available Hotlists
How to Use Our Advanced Hotlist Scans
How to Quickly Setup Advanced Hotlists

CHAPTER 6
How to Login to Our Order Execution Software
How to Use Our Order Execution Software

 

 

  Introduction

Dear TopGun Software Users:

  We are pleased and excited to introduce you to our leading edge trading platform.  This new software will help you identify profitable trading opportunities faster than you have ever been able to before.  In just a few seconds, TopGun Software will show you how to scan the market to find high probability trades.  Very quickly you will see that we have solved many of the annoyances you may have with other trading platforms.  

  You no longer have to click symbol after symbol to look at all the stocks in your list or scan.  We automatically link up to the top 20 stocks to your charts.  As the symbols in your scans or quote sheets change the charts automatically update.  So just sit back and relax and wait for high probability trades to come to you.  Many traders tell us they just don't have enough screen real estate to show everything they need to look at so put in a layer feature that can multiply your workspace by 4X times.  Create a layer for long trades and another for shorts, or have a layer that shows all of the index and sector charts.  The applications for this technology are as limitless as your imagination.


  TopGun Software Installation and Setup

Click Here to go to our software download page and obtain our latest version.  Then click the Install button and when finished you will see two new icons on your desktop.

 

  How to Use the Advanced Workstation Toolbar

Chart Click on our Chart button to load and configure a new chart.
Quote Click on our Quote button to load a quote sheet of your favorite stocks.
HotList

Click on our HotList button to find some of the best trading stocks. 

Load Click on our Load button to open a saved workspace.
Save Click on our Save button to save your workspace.
1


The buttons 1, 2, 3, and 4 are our layers feature.  When the button is out the
layer is visible, when pushed in it is hidden.  Read below for more information.

2
3
4

 

  How to Layers to Multiply Your Trading Workspace

1

Layers 1 through 4 - TopGun Software offers up to 4 layers to put your charts, quote sheets or hotlist scans.  When layer is out it is visible, when pushed in it is off.  The last layer you show may cover an existing layer.  Many traders use layers to see more charts, watch the same symbols in different time frames, or have sector charts up for an occasional glance.  You can also setup layers to separate the types of trades you do, ie one for long trades and another for shorts.

2
3
4
   
  Example 1:  All layers are visible
 
   
  Example 2:  Layers 1 and 4 are visible -   Layers 2 and 3 are hidden.
 

 

  How to Setup a New Chart

   
Symbol Enter the symbol of the stock you would like to see in the chart.
Bar Size Select the intraday time frame (Most common are 1, 3, 5, 15, 60) or select Daily,Weekly, or Monthly
Bar Type Select which type of chart you would like.  Many people find on white background charts, the candles look better when you frame the candle.  If you choose this option, make sure to change the candle wick to black or some other dark color.
Filter

Select this to have us remove abnormal prices from the chart.  Unselect if you would like to see exactly what the data provider sends.  Many stocks have bad ticks and we recommend leaving Filter selected.

Grid Lines Here you can select or unselect horizontal and vertical grid lines from the chart.  Last Price Line draws a horizontal line at last traded price horizontally across the chart.
Scaling Options
  1. To Chart Data Only - Click to scale based on price data only, which disregards indicator prices or levels.  If your indicators or studies scale your bars or candles too small try this setting.

  2. To All Chart Objects - This is the default setting.  This scaling option uses not just price data but also values from indicators or studies in scaling your chart.

  3. To Price Range - You may also select the price range you would like to scale chart to by clicking here and entering Max and Min Price you wish to scale chart to.

  4. To Today's Range - We added this for stocks which gap up/down a large percentage.  When this happens it usually makes the current day's candles/bars too small to see.  Choosing this option fixes this.

Style Use this option to select previously saved chart styles.  All chart styles you save will be visible when you click the drop down box.
Window Size This option lets you select the exact size of your new chart in pixels.  This allows you to perfectly size charts to fit your monitor.  For example if you have 1600 x 1200 resolution you can put sixteen 400 x 300 charts on your screen or nine 533 x 400 sized charts.
Window Layer You can select which layer you wish to put this chart.  If you select a layer which is not currently visible you will not see this chart until you turn that layer on.
Max Refresh Rate This lets you set how frequently each chart will refresh.  The default is 250ms which means the chart will update 4 times a second.  If you have a slow computer or have up more than 30 charts you may want to set this to 500 - 1,000.  If you experience CPU issues, changing this from 250 to 500 will cut CPU usage in half.
OK Click OK when you are ready to load a chart with your desired settings.
   
  And below is an example of what your chart will look like in black or white (candles framed)
Now Click Here to see how to add studies and indicators to your chart.
 

 

  How to Modify an Existing Chart

Here is an example of a stock we found using our Above PT zone list and high volume filter.
  Right Click in chart to bring up Settings Dialog box as seen above.
 
Chart Settings Select Chart Settings to add studies and indicators, adjust symbol, type, grids, scaling, and filtering of chart.    Click Here for descriptions of available studies and indicators.
Space Between Bars Determines how many pixels are between each bar (1 to 6). 
You may also hit the + (Plus) or - (Minus) keys to zoom in and out.
Bar Width Select Bar Width to increase or decrease the width of each bar or candle. (1, 3, 5, or 7 pixels)
Set Hotlist Rank Option If chart color (circle in upper right hand side) is any color except black you can automatically link symbols from hotlists to your charts.  The hotlist must also be same color.  Click here for more information.
Set Window Layer To move this chart to another layer select 1, 2, 3 or 4.  Please note if the layer you send this chart to is hidden the chart will disappear until you make that layer visible.
Refresh Chart Downloads data again and will get rid of bad ticks if you are using our bad tick Filter.
Load Style Quickly load a previously saved chart.  Many traders use this feature to flip to charts with different indicators.
Save as Style Once you put all of the indicators you want on the chart you can save this chart to a chart style to make loading additional identical charts quick and easy.
Save as File This allows you to take a gif screenshot of your chart and set the DPI.  Use 72 for web use and 300+ DPI for Print.
Delete Window Select Delete Window to get rid of chart.  You may also click the square box in the top right.
   
Chart Shortcuts  
Change Symbol To change symbol on a non multilinked chart simply select chart by left clicking with mouse, type in the new symbol you want and press enter key.
Change Time Frame

+ Zooms In
-  Zooms Out
To change the time frame on your chart enter a number for an intraday chart.  For example to change above chart to a one minute chart select the chart by left clicking on it, type 1 and press enter key.  To Select Daily chart press the period key and d.  To Select Weekly chart press the period key and w.  To Select Monthly chart press the period key and m

 

  How to Setup, Modify or Delete Chart Studies

Chart Settings - Lets you adjust the chart's settings.
Add Studies - Lets you add studies and indicators to your chart.
Adjust Studies - Lets you modify or delete studies and indicators.
 
Add Studies Definitions of our popular Indicators and Studies
 
Balance Point Histogram This fantastic tool shows a histogram of how far this trading vehicle is above or below where the avg trader has a position.  If it shows positive (green) then it has a higher chance of going up than down.  If it is negative (red) then it has a higher chance of going down than up.
 
Balance Point Line This amazing tool is one of the best guidelines for trading.  It shows where the average trader has a position.  This is useful in that if current price is above the Balance Point Line than it has a higher chance of going up than going down.  The Daily Line is today's average price.  The Continuous Line is the average price for the number of days you have on the chart.  Both are very useful and key areas of support or resistance.  Also the closing value of the Daily Line for the previous day is useful.  If above this price then those who shorted yesterday on average are losing money and are likely to buy and add upward pressure on the instrument.  If today's price is below then those who are long from yesterday are on average losing money and are likely to add more selling pressure.
 
Balance Point Sectors and Indexes

Continuous Option
allows you to see how
far above/below multi day balance point for Sector
and Indexes.

Draw Ticks lets you also
view in real time the percentage of stocks in
each sector or index is upticking or downticking.  This tool is VERY useful
for spotting divergences. 
If the market is near a previous high but the
number of stocks
upticking now is less
than at the previous high
then the market is not showing real signs of strength.  It is likely to
fail at the high.

Num Days lets you set
how many days to show
on the chart for this
indicator.  Because we
must download data
for hundreds of stocks
we suggest you keep this
to no more than 3 days.

These groups of tools are not available in any other trading package.  We actually find the Balance Point Line in all of the stocks that makeup the Sectors (Banks, Biotech, Drugs, Housing, Oil, Retail, Semi, Tech) and Indexes (S&P, Nasdaq, Dow, and Russell) and show you on a weighted basis how much above or below balance each sector or index is.  This is an extremely predictive tool.  For example if you are trading the S&P or using it to predict market direction and to know whether to buy or short stocks today you can watch the Semis, Tech, Biotech, Drugs, Banks, and Retail Sectors.  The Semis and Tech often lead the rest of the market. 

How to use this tool to make more money trading:  On gap days it is often difficult to know if the market will continue in the direction of the gap or reverse and close the gap.  This tool is especially useful on these days.  If the market gaps up for example and you see the majority of Balance Point Sectors going negative it is an early warning that the market is likely to go down.  If you watch the main 6 sectors listed above and 4 are up (green) and 2 are down then the odds are that the market will continue higher.  If half are positive and half are negative then the market can go either way and you should trade cautiously.  This

This tool can use hundreds of symbols so use sparingly if you have a data feed with a low symbol count.

 

Example In the chart above you can see in the morning on the left of the chart 4 sectors were weak in the morning and the Semis which often lead the market were weak.  The Biotech and Banks went positive and the market drifted up but as they shifted down and all sectors were below their balance point levels the market trend strongly down.  This is NOT a time to try to buy bottoms, when all the major sectors line up there are almost always nice trends that follow.  The next day all sectors are showing some weakness and then Semis, Tech, Biotech and Drugs shift up and the market rallies.  While Banks and Drugs don't go much above balance the Biotech sector and Semi are fairly strong and cause the market to continue higher.
 

Bollinger Bands

Bollinger Bands are volatility based bands used to help identify situations where prices are too high, or too low, on a relative bases.  When prices reach or rise above the upper band, they are too high.  When prices reach or drop below the lower band, they are too low. 

Bollinger recommends using a Simple 20 period moving average, and with bands at 2 standard deviations.
 

Buy / Sell Pressure This proprietary indicator analyzes EVERY trade, similar to reading the tape, and shows whether traders are aggressively buying or selling.  It is one of our most useful indicators.  It shows, for example when stocks that are going up are being bought or sold.  If being sold it is unlikely that the stock will keep going up much further.  Traders should look to get out of their longs or consider going short.  Conversely stocks going down with buying increasing are likely to find support and rally.

We also suggest using this indicator on the futures to help time your stock trades.  We also give you the ability to set the size of the trades you want to analyze.  For futures it is important to watch traders that trade 100 lots and higher.  They do MOVE the market and this tool lets you see inside of a typical price bar.  You will frequently see down bars where the large institutional traders are BUYING.  This gives you advance warning that the low may soon be formed.  Stay cautious but look to buy the bottom.  Conversely at highs you will frequently see large traders selling heavily at the highs.  This is an early warning that the uptrend may be over!

Example:  The chart below shows our Buy / Sell Pressure indicator on the S&P eminis. It is set to show trade size over 99, the world's largest traders which move the market.

As you can see on the bottom left the market is going sideways and the large traders are for the most part not participating.  Markets tend to not move much or chop around when institutional traders are not buying or selling.  You can see that around 12:30 there is some selling coming in by the big traders and by 1pm heavy selling starts and lasts the rest of the day driving the market down significantly. 

 

Buy/Sell Pressure
Sectors and Indexes
This amazing indicator actually shows you how much buying and selling there is during each bar.  Available for S&P, Nasdaq, Dow and Russell and major Sectors (Semi, Biotech, Tech, Drugs, Banks, Retail, Housing, Oil)
 
Chandelier Stop  This is one of the best exits for trend following traders to use to know when to exit their trades.  It uses each instruments volatility and trails the movement very nicely and usually can catch 70 to 80%+ of the move.

 

DMI / ADX Trend When DI+ crosses above DI- this signals an up-trend and reverse for downtrend.  The ADX value signifies the strength of the trend.  Typically ADX trends over 25 are the most tradable. 
 
Linear Regression Line

Number of Bars How
many bars to use to
create linear regression

Deviation1  Default 1

Deviation2  Default 2

You may create the
Linear Regression using
either the High, Low,
and/or close.

Standard setting is C)lose

If you want to base the
linear regression on
the average of the High +
Low + Close then use
H+L+C

This very useful indicator lets you clearly see the trend (Linear Regression Line) and creates standard deviation bands above and below the regression line.  Our Linear Regression indicator is different from other trading platforms in that we let you scroll back over past data and see what it would have looked like at the time.  This helps you find settings for the time frame you trade that works best.

 

MACD

Developed by Gerald Appel, MACD (Moving Average Convergence / Divergence) utilizes various exponential moving averages of closing prices to generate buy and sell signals. Exponential moving averages assign greater weight to the most recent price data and therefore are more sensitive to current price movement than simple moving averages. MACD consists of a Differential Line and a Signal Line. The Differential Line is constructed by measuring the difference between two exponential moving averages, typically a 12- and 26-period. The Signal Line is a 9-period exponential moving average of the Differential Line values. Buy signals are generated when the Differential Line crosses the Signal Line from below while sell signals occur when the Differential Line crosses the Signal Line from above. 
 

Money Flow Index

The Money Flow Index creates a ratio of Positive Money Flow and Negative Money Flow over time and scales it to a number between 0 and 100. The Money Flow Index value can be used to evaluate overbought and oversold conditions in a security where the index moves above or below a certain reference level (TopGun Software defaults to 80 for overbought and 20 for oversold).

Divergence between MFI and the price direction can also be indicative of a reversal. If price is trending higher and MFI is decreasing over that period, a market top may occur.  Likewise if price is trending lower and MFI is increasing over that period, a market bottom may occur.
 

Moving Average

The Moving Average is one of the most used Technical Indicators.  It is simply an average of closing prices over time and can be used in many ways.  Many traders mostly use it to determine the trend of a security.  If the moving average is sloping up, the stocks trend is up.  If it is sloping down, the stocks trend is down.  Traders also use the Moving Average as support and resistance.  Often a stock will come right up to, touch, and then move away from its moving average.  The moving averages most often used are 20, 50, and 200 period.
 

NYSE Volume
NASDAQ Volume

This unique indicator not found in other trading platforms shows you visually how much buying vs. selling is occurring during each time period.  It gives you confidence to trade with the trend and also know when the trend is most likely to reverse.

Example: In the chart above you can clearly see how much buying vs. selling is happening.  Notice on the left that the market gapped up.  Traders have trouble trading gap days because often they reverse and "Fill the Gap".  This tool clearly lets you see that during the first 30 minutes that there is about 4 times more buying than selling.  It's VERY clear that the market is going higher.
 

Parabolic SAR

Parabolic Stop and Reverse was introduced by J Welles Wilder.  The Parabolic SAR is a trend following indicator that is designed to create a trailing stop.  This is a point that follows a prevailing trend, giving a possible value for a stop loss that is far enough away from the original trend to avoid being stopped out.  It moves with the trend, accelerating closer to price action as time passes.


 

Pivot Moving Avg

Most moving averages use the closing price.  This moving average uses the average of the high, low and close.

Pivots

Floor Trader Pivot Points are support/resistance levels used by Professional Traders.  The pivot (White Line) is the average of the previous day (H+L+C)/3.    Professionals use these as support/resistance and as a method for deciding which direction to trade.  Above the pivot look for long trades, below for shorts.



Example:
In the chart above you can see EBAY open right at the pivot and sold off.  Since it was below the pivot level a trader would get short.  It fell right to the S2 (Second Support Level) and reversed.  Normally trading instruments pause at the pivot level before going higher but in this case EBAY went straight up to the first Resistance Level  R1.  It then found support at the pivot before falling again.  The Pivot acted as resistance the rest of the day.  EBAY found support again at S2 and then broke down.  Traders can use these levels to reduce their risk because you can use very tight stops at these levels.

 

Previous Day's High/Low

This study puts up the previous day's high and low which are can be excellent areas of support or resistance.  Many traders also use these to time breakouts or breakdowns and use as logical places to place stops.
 

Probability Bands

This proprietary study is available ONLY on TopGun Software advanced charting.  It is based on each stocks volatility which changes each trading daily.  These Probability Bands indicate the price levels that have the highest statistical probability of reversing intraday.  The first band is the 65% probable high/low, then 80%, 88 and the last one is the 95% probable high/low for the day.

Example: In the example above you can see the low of the day is the 65% probability band.  The next day the 95% probability band is the approximate high of the day.  This tool is very useful for finding high/probability low risk entries and good profit targets for exiting.
 

PT Trend Oscillator This proprietary study is also only available in TopGun Software advanced charting.  It is based on advanced statistical functions and can be used to determine overbought or oversold levels.
 
RSI

The Relative Strength Index (RSI) is a popular price momentum oscillator developed by J. Welles Wilder and introduced in his 1978 book New Concepts in Technical Trading Systems.  The RSI oscillates in a range between 0 and 100 representing a comparison of the magnitude of a stock's recent gains to the magnitude of its recent losses.

There are several ways to use and trade using the RSI.

Overbought / Oversold
The RSI indicator ranges in value from 0 to 100, with numbers above 70 indicating overbought conditions and under 30 indicating oversold.  If the RSI rises above 30, it is considered bullish, while if the RSI falls below 70, it is considered bearish.

Divergence
Another popular method of analyzing the RSI is to look for a divergence.  If the instrument is making a new high, but the RSI is failing to exceed its previous high, this " divergence" is an indication of an coming reversal. When the RSI then turns down and falls below its most recent trough, it is said to have completed a "failure swing" and therefore confirmed the coming reversal.

Crossing the Center Line (50)
Some trades view a move above 50 as a bullish confirmation, and a move below 50 as a bearish confirmation.  A move above 50 represents average gains overtaking average losses, while a move below 50 signifies that average losses have taken the lead. 
 

Spread

Spread Traders can now plot the difference between their favorite statistically correlated stocks. 
 

SquatBar

Squat Bar is a proprietary indicator only available in TopGun Software.  It uses volume and volatility to find low risk, high probability reversal signals.

Example: In the above example you can clearly see that most squat bar signals cause a reversal.  This is especially useful in combination with our other support/resistance indicators such as pivots, volume profile, trend reversal, certain moving averages, range projection, previous day high/low.
 

Stochastics

Stochastics is a momentum or price velocity indicator developed by George C. Lane.

Stochastics measures the position of a stock compared with its most recent trading range over the period specified (Raw K period). Specifically, it measures the relationship between the closing price of a stock and its high and low during a specific number of bars (minutes, days, weeks, etc). As a stock price rises, the closing price tends to be closer to the extreme highs of the stock, and as prices fall, the closing price tends to fall closer to the extreme lows.  This raw stochastic value is called Raw K.  The Raw K is then smoothed with a simple moving average (using the Fast D period specified) to produce the Fast D.  A second simple smoothing can then be performed on the Fast D to produce the stochastics Slow D value.  Stochastics values indicate overbought and oversold regions.

 

Three Line Break One of our most useful indicators, the Three Line Break chart helps traders accurately determine the current direction of the trend and alerts them when and at what price the trend is most likely to change.  For more information on 3 Line Break charts click here.
 
Trend Reversal This is one of our most useful indicators and finds when the trend is most likely to reverse.


 

Volume Histogram Our Volume Histogram shows you the volume of shares traded on each bar and plots the avg volume for that bar of the day.  This lets you immediately see whether volume is significantly above or below average.  Trends on high volume are more likely to continue.

 

  How to Use our Drawing Tools

Crosshair - Click on chart to see Open/High/Low/Close/Volume and Study Info
Line Tool  - Draws a Line from Point A to Point B
Trend Line  - Draws a Trend line from point A to B and line continues on into the future.

First click the  T on the top right side of the chart.  Our drawing tools will Open as you see below.  Click the T again to close the tools when you are finished.

To add just one Line or Trend Line

Simply mouse over the tool you want and it will turn Blue and allow you to add the Line or Trend Line.  When you are finished it will return to the previous tool selected.

To add multiple Lines or Trend Lines

This time left click on the Line or Trend Line tool.  It will turn Red and this means you can add as many Lines or Trend Lines as you wish.  When you are finished left click on the Crosshair tool and click the T again to exit.

 

Right clicking on the line or ray will bring up the options of (Delete, Duplicate and
changing the Width, Color or Style)

 

  How to Link Charts with Hotlists and Quote Sheets

 

How to MultiLink Multiple Charts with Hotlists

This is a tremendously useful feature.  It lets you watch up to 20 charts based on the results of your hotlists.   You choose how
you filter and sort your hotlist, and our program automatically puts the top stock into Chart #1, the next stock into Chart #2,
and so on.  No more having to spend your entire day clicking from stock to stock to find the best trades.  Now the charts
and the trades come to you!

In the above example you can see we have setup 4 charts to automatically update as the hotlist updates and is sorted.  SSYS is
the top stock and gets placed into Chart #1, CYD is the next stock and goes into Chart #2 and so on.

To Set this feature up your charts and hotlist must have the same color.  In the above example we choose red for all charts and
HotLists.

To setup MultiLink simply select a chart by left clicking on it, then right click within that chart, left click on Set Hotlist Rank Option
and then select 1st, 2nd, 3rd, etc.

Once you resort your list or the stocks change the charts AUTOMATICALLY update.  Just another feature we've created to help
make trading easier and less stressful for our traders.

 

How to Use Our Advanced Quote Sheets

  Available Quote Sheet and Hotlist Fields
   
Symbol

Ticker Symbol               View Our Symbol Guide

Last Last price traded
Net Change from previous trading day's closing price
Net %

Shows percentage each stock is from the last trading day's close, color coded with our heat map technology to let you quickly see the strongest and weakest stocks each trading day.

Net Opn Change from current trading day's opening price.  Very useful to sort on.
%Vol

One of our most powerful features.  Shows you which stocks are trading at their highest relative volume.  It is no coincidence that the stocks UP and DOWN most are the ones with the LARGEST VOLUME.  Our indicator updates in real time throughout the trading day, helping you to find the best trading candidates early on in the trading session.

TotVol Total Volume for current trading day.
PrvVol Previous Days Volume.
High Current trading day's high
Low Current trading day's low
Bid Current Bid
Ask Current Ask
Range% This shows you where in today's range a stock is currently trading.  If it is at its high or makes a new high it shows up as 100%, if it is at or makes a new low it shows up as 0%.  This is a wonderful way to find stocks as they are breaking out or down.
Rng30% This very useful field shows you how far the stock has traveled this 30 min period compared to its statistical average.  Stocks that move more than their average and on higher than average volume are likely to move further in that direction.  Stocks that move more than their average on less than average volume are likely to reverse direction.  Use in conjunction with Vol30% below.
Vol30% This field shows the stock's current 30 minute volume as a percentage of its statistical average volume.  Higher volume is often associated with larger volatility moves.  You can also use this field to find the most actively traded stocks.
   
  More Quote Sheet and Hotlist Fields
  Right click in quote sheet or hotlist to bring up more options. 

Chart brings up a new chart with that symbol. 

Get News allows you to view that symbol on various online news sites. 

Color Group Selection lets you either mouse over or click to send symbol to color linked charts. 

Set Window Layer sends this quote sheet or hotlist to Layer 1, 2, 3 or 4. 

Add/Delete Columns lets you choose which fields you want in your quote sheet / hotlist.

Save as Default Layout lets you save the fields selected above as your default layout.

 
 
  Add / Delete Columns allows you to setup which fields you want to see in your quote sheet / hotlist.  You also have the option to save this as your default layout.  Quote sheets and hotlists can each have their own default fields.  Select the field you want on the left and click the --> button.  To get rid of a field select it on the right and hit the <-- button.  To change the order either grab field and click Up or Down or drag and drop from quote sheet / hotlist.

How to Use Hotlists to Find the Best Trading Candidates

TopGun Software scans the entire market and delivers you stocks which fit into various categories such as most active, % Gainers / Losers, $ Gainers / $Losers, 52 Week Highs and Lows and many more.  What differs in our software vs. all the others who have some of our lists is that we allow you to scan these lists and even your own lists of stocks to narrow them down into only the very best stocks; the ones that give you the highest probability of success.  For instance, stocks that are going up on huge volume are more likely to continue going up.   There are thousands of possible combinations with how you can scan stocks and find EXACTLY what you want to trade.

Descriptions of Available Hotlists

Our hotlists provide you with some of the strongest or weakest trading candidates every day.  Some are proprietary to TopGun Software and some are available on other data feeds and trading platforms.  What makes our program so powerful is that we allow you to narrow these hotlists from 50 stocks down to the top 3 to 8 strongest or weakest stocks that you can actually watch.  It is almost humanly impossible to keep track and watch 50+ stocks, but we can much easier watch a few and wait for the best times to buy and to get short.

NEW: Our new hotlist filter lets you see IMMEDIATELY when one of your watched stocks breaks out of its first 5, 15, 30, or 60 min bar high or low.


STANDARD HOTLIST Picture Below shows some of our available hotlists
  1. Most Active
  2. % Gainers
  3. % Losers
  4. $ Gainers
  5. $ Losers
  6. 52 Week High
  7. 52 Week Low
  8. Short Term Up
  9. Short Term Down
  10. Biggest Trading Range
  11. Unusual Volume
  12. Unfilled Gaps
  13. Highest Put Call Ratio
  14. Lowest Put Call Ratio
  15. Weekly % Gainers
  16. Weekly % Losers

 


PROPRIETARY HOTLISTS

  1. Above PT Zone - Most Explosive Uptrending Stocks
  2. Below PT Zone - Most Deplosive Downtrending Stocks
  3. Strong Uptrend - Strong Daily Uptrending Stocks
  4. Strong Downtrend - Weak Daily Downtrending Stocks
  5. Fundamental Up - Top Earnings Growth Companies with highest Relative Strength
  6. Fundamental Down - Worst Earnings Growth Companies with lowest Relative Strength


SECTOR LISTS

TopGun Software's software lets you quickly analyze all of the major sectors and lets you quickly find the strongest and weakest sectors and then which stocks in each sector are most likely to continue their trends.

Our sector lists let you easily find the strongest stocks in the strongest sectors and the weakest stocks in the weakest sectors.  This combined with the general direction of the market and our advanced % Volume filter ( lets you see only the stocks with 2 or 3 times above average volume ) gives you a huge trading edge.  We explain specifically how to take advantage of sector rotation using our hotlist and filters in our trading manual you will receive once you sign up.

SECTORS INCLUDED

Adv Industrial Equipment Coal Furnishings & Appliances Medical Supplies Retailers, Broadline
Adv Medical Supplies Communications Technology Gas Utilities Mining Retailers, Drug Based
Advertising Computers Healthcare Providers Nonferrous Metals Retailers, Specialty
Aerospace Consumer Electronics Heavy Construction Office Equipment Semiconductors
Air Freight Consumer Services Heavy Machinery Oil Companies, Major Soft Drinks
Airlines Containers & Packaging Home Construction Oil Companies, Secondary Software
Aluminum Cosmetics Household Products, Durable Oil Drilling, Equip & Serv Steel
Auto Manufacturers Distillers & Brewers Household Products, Nondurable Paper Products Technology Services
Auto Parts Entertainment Industrial, Diversified Pharmaceuticals Tires
Banks, Non S&L Electric Components & Equip Industrial Services Pollution Control Tobacco
Banks, Savings & Loans Electric Utilities Insurance, Full Line Precious Metals Toys
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Casinos Food Products Investment Services Real Estate Wireless Communications
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How to Use Our Advanced Scans

Our HotList Filter is one of our most powerful yet easy to use features.  It will allow you to take a large list of stocks, and narrow the list down into a more manageable one, between 3 to 15 stocks.  Our program does this by eliminating stocks which do not meet your criteria.

Let's say, for example that you only want to trade stocks that trade more than 800,000 shares per day on average, where the price is above $30 (higher priced stocks move more during the day), where the stock is above yesterday's high (uptrending), where Vol/Avg Vol is above 200% (Stocks up on double+ volume often continue their uptrends) and  the stock had previously fallen for 3 straight days. 

In other charting programs you would have to learn a complicated programming language to filter down or scan for these stocks.  In our program you can within 10 to 20 seconds setup this filter and immediately see the results!

   

To use our HotList Filters simply left click on box of the filter you wish to apply.  Detailed descriptions of each Hotlist Filter are found below.

If you end up with too few stocks for your liking change the filter selections to less restrictive numbers.  If you have too many stocks to humanly watch then try being more strict.  For example, to reduce the numbers of stocks on your hotlist, try raising the price of stocks shown from $15 to $30 or from Volume greater than 200,000 shares to greater than 800,000.

   

Volume: This lets you find high volume stocks and eliminate thinly traded issues.  But if your strategy is to trade thin issues, you can use this to eliminate the higher volume stocks.  Suggestion: For most daytraders try Greater than 500,000

(Vol / Avg Vol) greater than: This is one of our most POWERFUL Hotlist Filters.  This lets you see stocks who are trading more volume today than normal.  The old saying Volume precedes price is true for a reason.  Stocks move when people decide to either buy or sell them.  If there are more shares being bought than being sold the stock's price goes up.  Conversely, if more shares are being sold than bought the price will go down.  Using this filter you will quickly see that if a stock is trending with much higher volume today than it normally trades, it is very likely to continue the trend.  Suggestion: Use 200 to 300%+ in the first hour of trading and if later in the day the numbers of stocks in your list declines too much try reducing this to 125 to 200% for the remainder of the trading session.

(Vol / Avg Vol) less than: This lets you find stocks that are trading on less volume today than they normally do.  This does not mean that volume will not come into this stock at a later point in the day but generally stocks with low Avg % Volume will not trend and may be good candidates to look for reversals.  Also, since these stocks don't typically trend they may make excellent candidates to trade if they become overbought or oversold using any number of overbought/oversold indicators (Stochastics, RSI, MFI, etc)

Open: This filter lets you find stocks that open inside of our outside of yesterdays range.  Click Inside to find stocks that open under yesterday's high and above yesterday's low.  Click Outside to find stocks that open above yesterday's high or below yesterday's low.

Gap: This filter lets you find explosive gap candidates.  You can find stocks that gap up or down and select the amount or percentage of the gap.  If you would like to find stocks that gapped up $1 then select Up and Greater than $1.  If you would like to find stocks that gapped up 1/2% then select Up and Greater than .5%.

Price: This lets you decide which stocks to watch and trade based on their share price.  Daytraders generally want to find stocks that move enough during the day to get in and out with 1/4 to 1/2 or more points.  Suggestion:  For most daytraders try Greater than: 20

Last - Yest Close: This filter lets you narrow out stocks that have not moved too much above or below yesterday's closing price OR lets you find stocks that have not moved too much in order to keep your risk lower.  If you would like to only trade stocks that have moved 50 cents or more above yesterday's closing price than click GT (Greater Than) .5 Dollars.  If you would like to find stocks that are up less than $1 from yesterday's closing price than select LT (Less Than) 1 Dollar.

Above Previous Daily High: This filter lets you find stocks that are now trading at or above the previous day's high.  Enter the default 0 to see stocks at or higher than the previous trading day's high.  Enter .25, for example, to see stocks trading $.25 above yesterday's high.  If you wish to be alerted to stocks just ABOUT to go over yesterday's high, then put in - .10  ( minus .10 )

Below Previous Daily Low: This filter lets you find stocks that are now trading at or below the previous trading day's low.  Enter the default 0 to see stocks at or below the previous trading day's low.  Enter .25, for example, to see stocks trading $.25 below yesterday's high.  If you want to see stocks about to go below yesterday's low put in + .10 ( plus .10)

First N Minute Bar: This is one of our most POWERFUL hotlist filters.  What it does is let you find INTRADAY BREAKOUTS as they are happening!  For example, many traders like to buy a strong stock after it breaks out of its first bar of the day.  That gives the stock time to settle down before it begins its trend.  You can put any number in here you want from 3 to 180 minutes.  Settings that many of our traders use is 5, 15, 30, and 60.  In the morning stocks are often very volatile and no clear trend exists for the first thirty minutes.  Setting this number to 30 will alert you the second a stock goes above its first thirty minute trading range.  The uses for this filter are many.  Another good way to use this filter is for afternoon trading.  Stocks above/below their first 30 or 60 minute bar highs/lows are often the most trending stocks and trending stocks tend to close near the highs/lows of the day.  This is a great way to find stocks to trade in the afternoon.  Suggestion:  Use 5, 15, 30, or 60 and make sure to select Above for long trades and Below for short trades.

Multi Day Breakout: The next filter is very powerful.  It lets you find stocks that have made new multi day highs or lows.  For example to find stocks that are above the high of the highest high of the last 3 days select Last GT (Greater Than) High/Low of Last 3 Days.  To find weak stocks that are under the lowest low of the last 3 days select Last LT (Less Than)  High/Low of last 3 Days.

Moving Average Scans: There are so many uses of our moving average scans.  For example you can use these to find stocks that are in uptrends or downtrends on the daily chart.  Stocks that are above their 10, 20, 50, and 200 day moving averages are obviously moving up.  This scan filter can greatly reduce the number of stocks you are watching into only the strongest or weakest.  Many traders also like to find stocks that have just broken out above or below their 50 or 200 day moving averages.  To find stocks that broke out above their 50 day moving averages select Prev  LT (Less Than) 50 Day MA and Last GT (Greater Than) 50 Day MA.  This finds stocks where the close of yesterday was under the 50 day ma and right now it is above the 50 day MA.  You may also use your own moving average days.

Up X Days in a row: This is a wonderful filter to quickly find stocks that have gone up X number of days in a row.  Let's say your strategy is to short stocks after they have gone up 5 straight days, this filter quickly lets you find those stocks.  If your entry point is below the previous day's low, you can be alerted immediately when a stock on your list goes below the previous day's low.  Often times after a big increase, investors will take profits and the stock may fall substantially.  Suggestion:  Set this to 3, 4, or 5.

Down X Days in a row: This is a wonderful filter to quickly find stocks that have fallen down X number of days in a row.  Let's say your strategy is to buy stocks after they have fallen 3 to 5 straight days in a  row.  This filter quickly lets you find these stocks.  If your entry point is above the previous day's high, you can be alerted immediately when a stock on your list goes above the previous day's high.  Often times after many days down, even a weak stock will rally for a day or two.  Suggestion:  Set this to 3, 4, or 5.

Narrowest Day in last X days: This is another one of our most powerful filters.  What this filter does is let you find stocks that did not move very much in their previous trading day.  Often times stocks can make explosive moves after a narrow range day.  Often times stocks with strong trends will take a breather day and resume their trends the following day.  Suggestion: Set this to 4 or 7.

Inside Day for last X days:   What this filter does is let you find stocks that traded inside of their previous day's range.  What this means is that the stock's low yesterday was higher than the previous day while its high was lower than the previous day.  Suggestion: Set this to 1, very rarely will a stock have two or more inside days.

Range:  This very powerful hotlist scan can let you find stocks that have been very volatile or have rested for the last few days and may be ready for explosive moves.  You can enter either a $ amount or a Percentage amount.  For example if you want to find stocks that have not moved more than 3% over the last 5 days, Select Range LT (Less Than) 3% in last 5 days.  If you would like to find stocks that have moved $8 or more in the last 3 days select Range GT (Greater Than) $8 in last 3 days.

 

 

SAMPLE WORKSPACES

Finds Strongest Long Candidates    
This workspace is designed to find long candidates and works well on all but the most down days.  It helps you find the strongest stocks and filters out all stocks that have not broken out on BIG volume.  This workspace automatically loads the top 5 stocks in the list into charts and as the stock names change so do the charts!    This workspace is designed to find long candidates and works well on all but the biggest down days.  It helps you find the strongest stocks and filters out all stocks that have not broken out on BIG volume.  This workspace automatically loads the top 8 stocks in the list into charts and as the stock names change so do the charts!
 
1280 x 768 Workspace (Download Here)   1600 x 1200 Workspace (Download Here)

 

How to Login to Our Order Execution Software

First click the green TM icon on your desktop which will bring up our Login screen above.
Enter your Username, Password, Account and the other information shown above.

 

How to Use Our Order Execution Software



 
To Open Preferences
Left click your mouse in the Trade window.
Setting Your Route
Leave as Default unless you wish to route  NASDAQ, NYSE, or AMEX orders to a new route.  Select from drop down window.
 
Default Quantity - Number of shares you wish to show up in Quantity field in trade window.  In above example it would be 1,000.

Increment - How much Up/Down arrow changes quantity field.

Set Step Size for Up/Down Buttons - Changes Up/Down arrow amounts.

Play Sound when - Plays sound file you select when order is filled / rejected / canceled / or connection lost.

   
   
  Our Open Positions Window Shows:
  • Long (L) or Short (S)
  • Symbol
  • Shares in Current Position
  • Your Average Cost
  • Unrealized Profit & Loss (PnL)
  • Last Price Traded
  • Change in Position
  • % Change in Position

You can view your UnRealized PnL using the current Bid/Ask price for Long/Short Positions OR use
the Last price traded.

How To Exit Your Positions Quickly

Exit Selected - This button exits all selected orders.  Simply highlight the positions you wish to exit
and click the Exit Selected button.  You can select one stock or many.  If you want to select 2 or more
stocks in a row simply left click on the first stock while holding down the Shift key and then left click
again at the last stock.  You may also hold down the Control key and left click on each stock you wish
to select.

Exit All - This button cancels all open orders and exits all of your open positions.

 xL  - This button exits all Long Positions.  In the above example it would exit MMC and MSFT.  It
also cancels all pending orders on these positions.  For example if you had a stop or trailing stop on
MSFT or MMC it would first cancel those orders and then issue sell market orders.

 xS  - This button exits all Short Positions.  In the above example it would cover CSCO, GE, and LFC
at the market.
 

   
 
  Our Pending Orders Window Shows:
  •  X  Cancels Pending Order
  • Symbol
  • Buy / Sell / Sell Short
  • Shares
  • Filled (Shows partial fills)
  • Stop Price
  • Limit Price or Stop Limit Price
  • Type of Order ( Market, Limit, Stop Market, Stop Limit, Trailing Stop )
  • Status (When order is live it will say ECN Confirmed)
  • Route (Where order is being sent)
  • Order Number
  • Time

 

   
 
  Our Closed Positions Window Shows:
  • Symbol
  • Shares in Closed Position(s)
  • Your Average Buy Price
  • Your Average Sell Price
  • Profit and Loss
  • Change (cents)
  • Time of Trade

 

   
 
  Our History Window Shows:
  • Symbol
  • Order Details
  • Status (Received, ECN Placed, ECN Confirmed, and Part Filled and Filled)
  • Fill / Total Shares Filled
  • Price
  • Time
  • Order Number
  • Comment (Clear text explanations for any rejected orders)

 

   
 
  Our Account Window Shows:
  • User ID
  • Account
  • Domain
  • Buy and Sell Buying Power for Stocks and Options
   
  Our eSignal Version includes Level II Order Entry:
 
  To enter an order click on price in Level II which will put it in the limit box or type it in.
 
B   Buy at Limit Price
M   Buy at Market Price
+   Buy at Pegged Price (Bid / Last / Ask) + Modifier set in preferences
S   Sell at Limit Price
M   Sell at Market Price
-   Sell / Short at Pegged Price (Bid / Last / Ask) - Modifier set in preferences
     
    Once you are filled on a Short position the following buttons will appear to allow you
to easily scale out or exit.  Left clicking (X, 3/4, 2/3, 1/2, 1/3, 1/4) sends order, Right
clicking doesn't send order but changes quantity.
X   Buy to Exit Entire Short position
3/4   Buy to Exit 3/4 of your Short position
2/3   Buy to Exit 2/3 of your Short position
1/2   Buy to Exit 1/2 of your Short position
1/3   Buy to Exit 1/3 of your Short position
1/4   Buy to Exit 1/4 of your Short position
-   Buy at Bid - Modifier.  This lets you exit your Short position lower into momentum.
--   Buy at Bid - Modifier #2.  Same as above but with modifier #2.
     
    Once you are filled on a Long position the following buttons will appear to allow you
to easily scale out or exit.  Left clicking (X, 3/4, 2/3, 1/2, 1/3, 1/4) sends order, Right
clicking doesn't send order but changes quantity.
X   Sell to Exit entire Long position
3/4   Sell to Exit 3/4 of your Long position
2/3   Sell to Exit 2/3 of your Long position
1/2   Sell to Exit 1/2 of your Long position
1/3   Sell to Exit 1/3 of your Long position
1/4   Sell to Exit 1/4 of your Long position
+   Sell at Ask + Modifier.  This lets you exit your Long position higher into momentum.
++   Sell at Ask + Modifier #2.  Same as above but with modifier #2.
   
 
 

Order Execution Windows Take Up Less than 30% of One Monitor Screen Space!

The above is an example of our charting and order execution software on 1 monitor with 1600x1200
resolution.  Opened is a Trade window, Open Positions window, and a Pending Orders window.
While many of our competitors order entry systems take up at least 1/2 of a monitor, ours frees space
on your desktop for more room to show charts, hotlists, and quote sheets.