Comments on: Why You Need To Learn Easylanguage Now!

By: Jeff Swanson

Jeff Swanson — Mon, 18 Nov 2024 15:37:44 +0000

In reply to Dale. Thanks Dale. Did you run a backtest on it?

By: Dale

Dale — Mon, 18 Nov 2024 11:49:37 +0000

All the versions of First Strike I know of exit on the first profitable open.
I sent you PDF as a reply to your email

By: Jeff Swanson

Jeff Swanson — Thu, 09 Jun 2022 16:22:39 +0000

In reply to Eric Martin. Hi Eric. TradeStation, by default, will place orders at the next bar open. When a bar closes, your EasyLanguage code executes, and if a new position needs to be opened, it will be executed at the open of the next bar. These are most likely at market order. However, your condition is also testing the opening price of today's bar. The price of today must exceed yesterday's price x percent. If I understand you correctly, this would require a stop order. This can be done in EasyLanguage. When you place your order in EasyLanguage, it will look something like this: buy next bar at myPrice stop The price at the opening to todays bar must be at or above your stop price (myPrice) to open a new trade.

By: Eric Martin

Eric Martin — Wed, 08 Jun 2022 22:43:37 +0000

Jeff, I’m an experienced trader, and prior to opening a TradeStation account and engaging with EL, I’m trying to determine if a simple system I trade can even be coded and backtested in EL. Because it involves the issue of buying at a bar open.

In my reading and watching of EL tutorials I’m not sure if it can be coded in EL. And if it can’t, then I’m not going get on that long path.

To be precise, IF the close of yesterday’s bar meets certain conditions, for example above or below an MA, and IF the bar open today is above or below the close of yesterday by X percent, then enter the trade.

Sounds simple. And it is. Or, should be. Understand I’m NOT looking for code, but just a confirmation of my suspicions regarding problems with entering on a bar open. Thanks for your opinion.

By: Jeff Swanson

Jeff Swanson — Mon, 16 May 2022 20:55:05 +0000

In reply to Occams_Razoe_Trader. Hello! This point is not to beat buy and hold. Why? This is NOT a trading system. This is a market study to understand the market characteristics. This information could be used to build a trading system.

By: Occams_Razoe_Trader

Occams_Razoe_Trader — Mon, 16 May 2022 19:33:44 +0000

In the first example- you’re exploiting the long only bias by only taking long positions. If you’re not taking short trades and if the long only bias is real- can closing a long trade and re-entering ever beat a simple buy and hold strategy. You’d close the long position on weakness (going flat)- but enter back long on strength or a breakout, so you’re effectively entering later in the draw down recovery …. and that drawdown is only open equity as the trade is never ‘banked’? Thoughts….? TY