Imagine if you moved to a new country where you don't speak the native language. In this new country, you attempt to open a business. How well would you do? How would you read the regulations and navigate setting up your business? How would you communicate with your contractors, employees and customers?
It's a crazy idea. You won't get very far without knowing the native language.
But that's what you do if you want to build/trade algorithmic trading systems without learning a computer language. Everything you want to accomplish in the algo world is through a computer. From market research to live to trading, you use a computer. Yet, you don't speak the language of the computer!
If you don't speak a computer language, how well will you do as an algo trader? Not as well as you could be. In short, you're making your life a lot harder!
What Is Easylanguage And Why Should You Learn It?
EasyLanguage is a programming language designed specifically for traders, and it is simple to learn yet powerful enough to create complex trading systems. EasyLanguage is a computer language for trading stocks, EFTs, futures and other similar products. It was developed more than 30 years ago by TradeStation. To this day, EasyLanguage is the standard coding language that comes with TradeStation, one of the most popular platforms based on user statistics.
EasyLanguage provides several advantages. First, EasyLanguage was created for use by traders without specialist computer and programming experience. Put another way, Easylanguage is a simple computer language designed for trading. Thus, the syntax of the language looks familiar to traders. The language's commands are straightforward enough that someone not skilled in computer programming may understand them with little instruction and perhaps just a reference book.
EasyLanguage also has tight integration with the TradeStation platform, allowing you to focus on building systems instead of the trading platform's technology. Because of this integration, it's elementary for a new user to get up and running with building strategies and indicators with EasyLanguage. Thus, you can easily access and practice using EasyLanguage once you download the TradeStation platform. I've been using Tradestation and Easylanguge since 2009, and it continues to be the backbone of my strategy research, development, and live trading.
The Benefits Of Learning Easylanguage
Once you learn EasyLanguage, the possibilities are endless. You can create your trading strategies, perform market research and create indicators. EasyLanguage is a powerful tool that gives you complete control over your trading.
I've detailed some of the most important advantages of learning EasyLanguage in this article, Why You Need To Learn Easylanguage Now!
Here is a summary of what you can do with EasyLanguage.
- Discover what trading style will work for any market
- Turn ideas into strategies and backtest them
- Test indicators to see if it works or not
- Test a price pattern to see if it will or not
With EasyLanguage as part of your skillset, you know how to become an evidence-based trader. You perform experiments to see what works and what does not work. You are a trading scientist, and you are testing and probing the market for market edges. In short, you can gather objective evidence on what works and what doesn't. Think how powerful that is! Read more about the benefits here.
How To Get Started Learning Easylanguage
One of the best resources to get started with EasyLanguage is here on EasyLanguage Mastery! We have a variety of articles on EasyLanguage, example code, and even some videos on using EasyLanguage, and it's all free. These resources will get you up-to-speed quickly on EasyLanguage so that you can start leveraging the power of EasyLanguage in your trading.
EasyLanguage Mastery Resource Page -->> CLICK HERE
EasyLanguage is not an overly complex computer language to learn. Learning your first computer language is always tricky if you have never coded before. So, you will have to put some effort into it.
Why is learning a computer language a bit tricky?
First, you must master the syntax and grasp some of the basic concepts of the language, such as loops, conditions, and logical operators. These concepts are probably new and will take some time to understand.
Next, you have to learn to think clearly and literally. Computers are very literal machines. So when you write a program for the computer to execute, you must explain it in great detail. One skill to master will be the ability to take a problem and break it down into smaller parts, so it's easier to write in EasyLanguage. Converting your ideas into EasyLanguage code takes months (maybe years) of practice.
The bottom line is, EasyLanguage is probably one of the easiest languages to pick up if you're starting from scratch. However, like any language, it takes time and practice to become proficient.
The best way to learn EasyLanguage is by doing. There are plenty of resources to help you get started, but at the end of the day, you must put in the time and effort to learn the language.
Getting Started With EasyLanguage Mini Course!
On EasyLanguage Mastery there is a free video training on the benefits of EasyLanguage and creating your very first strategy code. It's really basic but if you never touch EasyLanguage before you'll find it helpful.
Free EasyLanguage Mini Course -->> CLICK HERE
Take The EasyLanguage Quiz
So you think you're good at EasyLanguage? Why not test your skills by taking this quiz. Most of my students who take my course SDMC course score over 80%. Can you do better?
Test Your Skill Quiz -->> CLICK HERE
Tips For Mastering Easylanguage
The best way to learn EasyLanguage is to write code. Take examples from our blog and write them code. Experiment with them by changing the values and conditions. Don't be afraid to break the code. That's OK. Attempting fix it is a great exercise. In short, experiment with it. I would recommend you spend time writing code every day or as close to every day as possible. Get in 20 minutes in the morning or 30 minutes after work. The more you expose yourself to it, the easier it becomes.
- Signup for the free EasyLanguage mini course
- Start with very simple ideas.
- Use EasyLanguage Mastery resources for ideas
- Locate EasyLanguage code online, download it and change it
- Try converting trading ideas you find into EasyLanguage
- Spend time writing EasyLanguage code every day
- Get in touch with our EasyLanguage community for help and support
An Example of EasyLanguage code
Here is a simple EasyLanguage code example for a moving average crossover trading strategy. This strategy buys when the 50-period moving average crosses above the 200-period moving average and sells when the 50-period moving average crosses below the 200-period moving average.
ma1 = XAverage(Close, 50);
ma2 = XAverage(Close, 200);
if (ma1 > ma2) then Buy ("Buy") next bar at market;
if (ma1 < ma2) then Sell Short ("Sell") next bar at market;
As you can see, EasyLanguage is a pretty straightforward language. The code above is easy to read and understand, even if you're not a programmer. EasyLanguage is designed to be intuitive and easy to use. This is just a simple example, but EasyLanguage is a clear language that can be used to create complex trading systems.
Object Oriented EasyLanguage
One of the latest advancements of EasyLanguage is Object-oriented programming (OOP). An object-oriented program is a programming paradigm that uses the concept of objects to model the real world. OOP allows you to create classes and objects and then use them to create larger systems. EasyLanguage supports OOP with its Object-Oriented EasyLanguage (OOEL), making it a powerful tool for creating complex trading systems.
OOEL requires a working knowledge of EasyLanguage and a general understanding of object-oriented programming terminology and conventions. It's not a beginner's topic, in my mind. But do you need to use it? I would say no. In particular, if you're new at EasyLanguage, don't even bother with OOEL. Focus on the basics of EasyLanguage. You can go far with just basic EasyLanguage!
If you're serious about getting started with algorithmic trading, EasyLanguage is a great language that will open up many opportunities for you.
EasyLanguage is a popular computer language that is designed for traders. It is simple to learn yet powerful enough to create complex trading systems.
EasyLanguage is the perfect language for beginners who want to start algo trading! So what are you waiting for? Get started today!