Real-time price studies

• US 20050160021A1
• Filed: 12/17/2004
• Published: 07/21/2005
• Est. Priority Date: 12/13/1999
• Status: Abandoned Application

• Current Assignee: Erik E. Fierce, Jason C. Mongaras, Jason W. Abshire, John Bunda, Kevin A. Nesmith, Omar Salinas, Sandi Lester, Thomas A. Dixon, Todd W. Gruben
• Original Assignee: Erik E. Fierce, Jason C. Mongaras, Jason W. Abshire, John Bunda, Kevin A. Nesmith, Omar Salinas, Sandi Lester, Thomas A. Dixon, Todd W. Gruben
• Inventors: Dixon, Thomas, Abshire, Jason W., Fierce, Erik E., Mongaras, Jason C., Nesmith, Kevin A., Lester, Sandi, Salinas, Omar, Bunda, John, Gruben, Todd W.
• Application Number:
  US11/016,267
• Publication Number:
  US 20050160021A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

An improved method and system for computerized trading of securities in which order preferences for securities are entered by a user and are stored on a computer system for future use as default values in response to the user placing an order. The time that it takes to complete an order may be reduced through the use of previously selected order preferences being displayed to the user in the order placement window. In another method for order entry, a user may specify a price-point and a security transaction flag option for a security transaction (e.g., buy, sell, sell short, stop loss, stop limit, sell to open, sell to close, buy to open, buy to close) on a price chart window for a particular security. The computer system monitors the price fluctuation of the particular security, and takes the specified security transaction in response to the specified price-point being reached. In another embodiment, real-time results for user-selected studies are utilized as a tool for a user to decide on a price-point at which to take a particular security transaction on a particular security.

Claims

1-80. -80. (canceled)

81. A method for allowing relatively rapid entry of securities orders into a computer system, the method comprising:

presenting a list of studies to a user, wherein each study comprises a different method of analyzing historical securities data;

allowing the user to select one or more of the studies from the list for a particular user-specified security;

prompting the user to enter one or more parameters for the user-selected studies; and

displaying real-time results of the user-selected studies for each security.

82. The method of claim 81, further comprising submitting an order for execution based on the real-time results.

83. The method of claim 81, wherein the list of studies comprises a resistance lines study and a triangulation study.

84. The method of claim 81, wherein the list of studies comprises a resistance lines study, and wherein the resistance lines study comprises a study that identifies patterns, and wherein the patterns indicate a price of a security moving between an upper level and a lower level, and wherein a distance between the upper level and the lower level is user-specified, and wherein an acceptable range for the pattern above the upper level and below the lower level is user-specified, and wherein the patterns are identified in response to the patterns reaching at least a user-specified number of time periods, and wherein the patterns are identified in response to the patterns falling within the acceptable range above the upper level and below the lower level, and wherein the patterns are identified with two straight lines.

85. The method of claim 81, wherein the list of studies comprises a triangulation study, and wherein the triangulation study comprises a study that identifies patterns, and wherein the patterns indicate a price of a security moving between an upper level and a lower level, and wherein the distance between the upper level and the lower level is user-specified, and wherein an acceptable range for the pattern above the upper level and below the lower level is user-specified, and wherein the patterns are identified in response to the patterns reaching at least a user-specified number of time periods, and wherein the patterns are identified in response to the patterns falling within the acceptable range above the upper level and below the lower level, and wherein the patterns are identified with two sloped lines.

86. The method of claim 81, wherein the list of studies comprises a candlestick study.

87. The method of claim 86, wherein the candlestick study comprises a graph plotting an open price, a close price, a high price, and a low price for a security for a user-specified time period;

and wherein the graph indicates a bullish signal in response to the closing price being greater than the opening price; and

wherein the graph indicates a bearish signal in response to the closing price being equal to or lower than the opening price.

88. The method of claim 81, wherein the list of studies comprises a price patterns study.

89. The method of claim 81, wherein the price patterns study comprises a study that identifies double bottoms and double tops on a graph on which closing prices for a security are plotted for a user-specified time period, and wherein a double bottom indicates a bullish signal, and wherein a double top indicates a bearish signal.

90. The method of claim 81, further comprising:

(a) presenting a study details window for each security to the user, wherein the study details window further comprises;

a means for allowing the user to specify one or more of the parameters, wherein the parameters are determined by each study;

a means for allowing the user to specify a past history time period;

a means for allowing the user to specify a threshold; and

(b) presenting default values for each of the parameters, the past history time period, and the threshold for each study;

(c) allowing the user to adjust one or more of the default values; and

repeating (a), (b), and (c) for each study selected.

91. The method of claim 81, further comprising:

distributing each study in the list of studies into one of a plurality of categories, where the categories comprise a buy category, a sell category, an inconclusive category, and an inactive category;

wherein the buy category comprises user-selected studies for which a ratio of a number of profitable buy signals to a total number of buy signals for a past history time period reaches or exceeds a threshold;

wherein the sell category comprises user-selected studies for which a ratio of a number of profitable sell signals to a total number of sell signals for the past history time period reaches or exceeds a threshold;

wherein the inconclusive category comprises user-selected studies for which both a buy signal ratio and a sell signal ratio fall below their respective thresholds; and

wherein the inactive category comprises those studies which were not user-selected.

92. The method of claim 91, wherein a ratio of a number of profitable buy or sell signals to a total number of buy or sell signals for the past history time period for each of the user-selected studies is displayed.

93. The method of claim 91, wherein a ratio of a number of profitable buy or sell signals to a total number of buy or sell signals for the past history time period for each of the user-selected studies is used to determine whether or not to submit an order for execution for a user-specified security.

94. The method of claim 93, further comprising:

detecting a user-specified security transaction flag option for a user-specified price point for one or more securities;

monitoring a price fluctuation of a user-specified security;

determining when the user-specified price point is reached for the user-specified security; and

submitting an order for execution for the user-specified security in response to the user-specified price point for the security being reached.

95. The method of claim 81, wherein the computer system is coupled to a computer network.

96. The method of claim 95, wherein the computer network comprises the Internet.

97. A system comprising:

a network;

a CPU coupled to the network;

a system memory coupled to the CPU, wherein the system memory comprises program instructions executable to implement;

presenting a list of studies to a user, wherein each study comprises a different method of analyzing historical securities data;

allowing the user to select one or more of the studies from the list for a particular user-specified security;

prompting the user to enter one or more parameters for the user-selected studies; and

displaying real-time results of the user-selected studies for each security.

98. A carrier medium comprising program instructions, wherein the program instructions are executable to implement:

presenting a list of studies to a user, wherein each study comprises a different

method of analyzing historical securities data;

allowing the user to select one or more of the studies from the list for a particular user-specified security;

prompting the user to enter one or more parameters for the user-selected studies; and

displaying real-time results of the user-selected studies for each security.