Introduction to TradeStation Coding
Archive : Introduction to TradeStation Coding
- Users of TradeStation, take note: you can learn how to program, backtest, and automate your best trading ideas in only one day!
How would you like to program, backtest, and automate your greatest trading ideas?
And learn how to accomplish it from one of the world’s top TradeStation gurus!
On July 15, we will be presenting a full-day workshop in TradeStation on how to properly backtest and automate your trading techniques.
This Is How It Works
You will begin the course with little to no expertise of backtesting and automating in TradeStation. You will… six hours later.
1) Understand how to program a trading strategy.
2) Understand how to backtest and validate your plan.
3) And understand how to automate that technique.
This is information that you will be able to use in your trade for the rest of your life.
In this lesson, you will start from scratch and have the ability to pick one of our Strategy Guidebooks and program it in TradeStation yourself within hours. Furthermore, after the course is done, you will be able to automatically trade your approach.
Why Should You Take the Course?
If you’ve been trading for any length of time, you’ve undoubtedly questioned how effectively a specific technical indicator has previously indicated winning trade setups. Perhaps you just want to be self-sufficient enough to uncover your own trading signals on a regular basis rather than relying on others to provide you trade notifications. Perhaps you already trade a quantitative approach and want to automate it.
TradeStation is a strong technical analysis application that includes comprehensive charting, backtesting, optimizing, scanning, and auto execution features (in both simulated and real accounts). TradeStation is used by all sorts of traders to build, test, and trade their ideas automatically. This course will teach you how to develop, backtest, and automate your trading methods in a single day.
Goals of the Course
This course is intended for TradeStation Platform users who wish to learn how to develop simple backtests and/or produce trading signals but have little or no experience with EasyLanguage, the TradeStation scripting language. After finishing this course, you will be able to:
Make your trading tactics more automated.
Simple TradeStation Strategies may be created, modified, backtested, optimized, and executed.
Make your own custom indicator and place it on a TradeStation chart.
To locate the optimal strategy setups, use RadarScreen and the TradeStation Scanner.What’s In It?
Approximately six hours of online training with TradeStation specialist Stuart Okorofsky (bio below).
Interaction with the teacher to ask questions, resolve difficulties, and so forth.
TradeStation code templates that you may quickly change to meet your own requirements.
A detailed explanation of numerous regularly used TradeStation functions.
A free copy of “ConnorsRSI Selective Strategy for ETFs and Stocks,” which will serve as the foundation for our backtest.Prerequisites
A strong willingness to learn basic TradeStation programming.
Installed TradeStation 9.1 or later.Stuart Okorofsky’s Personal Message
“My road to EasyLanguage Programming was a winding one.
In 1974, I received a Bachelor of Science in Computer Science from SUNY Buffalo. PCs did not exist at the time, mainframes took up entire buildings, we wrote computer programs on punch cards, and there was no Internet.
After graduation, I worked as a programmer for McDonnell Douglas. I felt unchallenged by the corporate environment, so I left and pursued another career.
In the early 1990s, I received an email from Ken Roberts about trading futures. I was captivated by it and enrolled in his course. I became addicted to trading.
After seeing a TradeStation demo at a trading conference, I purchased the program and started developing code. Even though I hadn’t coded in 20 years, it came back to me immediately. Programming is a mode of thinking that I have always excelled at.
Because there were only a few TradeStation Programmers at the time, I began building programs for others. I had a full-time business before I realized it. I swiftly gathered so many clients that I quit trading and transitioned out of my other business to focus only on TradeStation programming.
I’ve produced indicators and strategies for hundreds of clients over the last 20 years. I still have clients for whom I code who have been with me since the beginning of my profession. One of them is Larry Connors.
My clientele range from individual traders to huge hedge fund managers. I’ve also collaborated with well-known authors such as Tom DeMark, Walter Bressert, and Dave Aronson.
My objectives for this training are twofold:
To show you how to create, test, and automate your trading in TradeStation correctly.
It is also to share my knowledge and 20 years of expertise in systems programming with you.”Topics
General TradeStation Overview
TradeStation is a sophisticated technical analysis application that includes advanced charting, backtesting, optimization, scanning, and auto execution features. For those who are unfamiliar with the program, we will quickly go through some of its key features.
- Charting (includes multi data charts) (including multi data charts)
Indicators\sStrategies
RadarScreen\sScanner\sPreferences
HelpPart 1: EasyLanguage Programming
We will explain the TradeStation Developer Environment and EasyLanguage, as well as the tools for designing and executing your first indicator, in our first coding session. Fortunately, implementing a basic indication or Strategy requires only a few instructions. TradeStation offers a large built-in library of functions and indicators that allow you to test a wide range of trading ideas.
Indicator Creation
You can quickly add built-in indicators like RSI and Moving Averages to your charts with TradeStation. But what if you wish to plot your own indicator, such as ConnorsRSI? In this coding session, we will go over the EasyLanguage code needed to construct a custom indication as well as develop the ConnorsRSI indicator.
Basic Indicator and Strategy Templates Review
Inputs, Variables, and Arrays Comments
Alerts for Plot Statements
Including helpful symbols in the Developer Environment Help FilesWriting the ConnorsRSI Indicator in TradeStation EasyLanguage
Creating a Strategy
We’ll put together the “ConnorsRSI Selective Strategy for ETFs and Stocks” and learn how to backtest it.
Buy/Sell
Market Orders to SellShort/BuyToCover
Order Restrictions
Profit Targets for StopOrders
StopLoss
Techniques for debugging
The riddle of “MaxBarsBack” explainedCreate and backtest the “ConnorsRSI Selective Strategy for ETFs and Stocks.”
Part 2: Locating Your Setups
1) How to Use RadarScreen to Increase Your Trading Profits
RadarScreen is a “quote screen on steroids” that allows you to monitor up to 1000 symbols at once. RadarScreen exposes you to extra trading possibilities accessible each trade day by allowing you to apply custom indicators. You will learn how to utilize RadarScreen to monitor existing locations and notify you about entry/exit setups.
2) Using the TradeStation Scanner to Find Set-Ups
The TradeStation Scanner displays the trading setups for the following day. You no longer need to rely on others for indications. You will discover how to design your methods and receive trade indications for the future trading day.
Part 3 – Strategy Optimization
We will study the fundamentals of strategy optimization.
Walk Forward vs. Standard
Avoiding Common Pitfalls Exhaustive vs. GeneticPart 4: Automated Execution
You will learn how to utilize Auto Execution to place trades in the TradeStation simulator (paper trading) as well as in your live TradeStation account.
By the end of this course, you will be able to develop a simple strategy, backtest it, and trade it automatically in the TradeStation simulator. If you are satisfied with the execution of the methods after lengthy testing in the simulator, you will be able to automate real trading in your TradeStation brokerage account. This covers stock, ETF, futures, and Forex trading automation.
Bonus – Code Together With Stuart
You will be able to code with Stuart during this course. Stuart will lead the exercise, and you will program it with him to ensure you have mastered the programming.
Q&A and further sources (the class remains open until all your questions are answered)
Estimated total time: 6 hours
By the end of this course, you will be able to test your strategies, improve on them, scan for set-ups for your strategies, and trade those strategies automatically.
Learning to program in TradeStation can help you save hundreds of hours and become a more formidable trader.
Sign up now.
“TradeStation Programming – Learn How to Backtest and Automate Your Best Trading Ideas in One Day” costs $1000. You will receive a full day of education, a copy of one of our Strategy Guidebooks, information on how to backtest your techniques, and the ability to conduct your scans to find signaled trades.
The class size is restricted (first-come, first-served)
Class size is rigorously regulated to ensure that everyone receives the complete attention. We anticipate that this class will be sold out. To reserve your position in the class, please register online or call 888-448-8220 ext. 3. By the end of this course, you will be able to test your strategies, improve on them, scan for set-ups for your strategies, and trade them automatically.
***Advanced TradeStation Programming Course is Available***
SPECIAL OFFER: Take both the Beginning and Advanced TradeStation Courses for a special reduced price of $2,000 (a $500 savings).
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