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Category Archives for Development Tools

New TradeStation Tool Allows You To Read Files!

Have you ever wanted to use an external data within your TradeStation strategy, indicator or paint bar? There is no easy way to have standard EasyLanguage read data from a file. With object oriented EasyLanguage (OOEL) you can do it, but not everyone is comfortable with OOEL.Well, now you can easily read data from a […]

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Rapid Price Pattern Testing

Have you ever wondered what the market does after three down closes in a row? How about what happens after a pivot low is formed and the RSI is below 30? What happens after two inside bars and a breakout to the downside? Searching these types of patterns is one way to locate edges in […]

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How to Run TradeStation on a Mac (Updated for 2020)

I been using TradeStation on a Mac since 2010. The best tech decision I ever made! But it hasn’t all been plain sailing – Apple hardware isn’t perfect, their ‘Retina’ displays require special settings and it is definitely more expensive than running TradeStation on a PC. Here’s a summary of what I’ve learned about running TradeStation […]

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A Flexible Trailing Stop Function

The Anatomy of a StopA stop can be defined by specifying four basic parameters, illustrated in Figure 1 below:Price Reference: The price from which the stop is offset (white line) to create a stop value.Stop Offset: The distance from the Price Reference to the stop value.Price Trigger: The value of price that will trigger the stop. […]

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Are your backtest results fooling you?

Fool

Have you ever started trading a strategy that performs well in the backtests but delivers a very different result when you begin trading it with real money?Could your backtest reports be fooling you by indicating a strategy is great but really only showing you part of the overall picture?How do you give yourself a better […]

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Gap Strategy Tool, Part 2

In a previous article, Gap Strategy Tool, I demonstrated how you can use EasyLanguage to create a simple strategy that analyzes the percentage of times a gap closes. We broke  gaps sizes up into “Groups” based upon their size. We then dtermined what was the probability of a gap clsoing based upon which group it […]

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Trade Recorder Function And Strategy

When developing, testing, or simply tracking an existing trading system it can be helpful to have each individual trade exported to an Excel file. Such data can be useful in analyzing the system performance. For example, the data can be used to calculate the trading system’s Expectancy and Expectancy Score. Or, the data could be […]

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