If you are a trader (or would-be trader) interested in on-line trading, TradeStation is a platform that you should consider evaluating. Not only does it allow online trading in commodities, futures and equities, it also allows you to create online trading and investment strategies that can be back tested. Trading or investment ‘ideas’ are two-a-penny. Finding an investment idea that is profitable is not quite so easy.
Whether you wish to trade forex (currency trading or foreign exchange trading), equity (stocks) or commodities, learning to develop online trading programs using TradeStation EasyLanguage will enable you to rapidly develop tools to help your online trading or investment activities. In addition, one of the major benefits of TradeStation is its ability to back test trading strategies.
Time and again I read trading magazines promoting trading techniques and see tools for sale that, at first glance, look to be highly profitable. With TradeStation you can be sure that techniques are potentially profitable – without risking money. By developing a TradeStation strategy you can back test the strategy using historical price data and discover the sort of results you might achieve in the future. Of course, historical data is not necessarily going to give you exactly the results that you would get moving forward (or what you would have gotten in the past) – but it is a whole lot better than just taking someone’s word for the profitability of an investment or trading idea.
The following free tutorials provide a simple introduction to TradeStation’s EasyLanguage using a mixture of detailed instructions, screen prints, and videos.
1. How to develop a simple Show Me study.
2. The NoPlot(num) statement
3. Create a moving average indicator and output values to text file for spreadsheet analysis.
4. Draw a trendline based on stochastic divergence.
5. Create a modified CCI indicator, including fast, slow and zero lines.
6. Modified CCI indicator to add zero rejection notification to chart – tutorial demonstrates how to find pivot points on an indicator and how to add text to a chart.
7. Using arrays in EasyLanguage.
8. Develop a simple EasyLanguage function.
9. Modifying a simple EasyLanguage function to return multiple values.
10. How to develop a simple PaintBar study.
11. How to develop a simple strategy.
12. Develop an indicator for RadarScreen.
13. Create an auto Pivot based support and resistance indicator.
14. Send e-mails from TradeStation based on a candlestick pattern ShowMe study.
15. Show Fibonnaci ratio pivot relationships on a chart using arrays.
16. Create a strategy that creates buy/sell signals based on Candlestick patterns and stochastic crossovers
17. A simple strategy – based on CCI zero bounce
18. Modifying the CCI indicator to factor in underlying volume
19. Develop a program to calculate average volume ONLY using data between a start time and an end time.
20. Using TradeStation’s Analysis Commentary Capability
21. Understanding the Tradestation Pivot function (video tutorial)
22. Creating a PaintBar study to highlight candlestick patterns
23. Creating a 3 line break (3LB) indicator to apply to normal candlestick charts
24. Creating a ‘pseudo bounded’ volume oscillator in TradeStation EasyLanguage
25. ‘Smoothed’ indicators and ‘additional bars to be loaded’ (video tutorial)
26. An improved price – stochastic divergence indicator
27. Creating a new modified pivot function
28. Understanding Intrabarpersist variables
29. Create a dynamic rectangle using EasyLanguage.
30. A simple demonstration of IntraBarOrderGeneration in TradeStation EasyLanguage strategies
31. An introduction to basic EasyLanguage syntax, e.g. when to use of commas, semi-colons and colons
32. How to create a daily moving average on an intraday chart
33. Close of day on ‘continuous’ charts
34. Using ADE (All Data Everywhere) to transfer moving average information from a daily chart to an intraday chart
35. Displaying higher time frame dojis on a lower time frame chart.
36. Using the Global Variable DLL to transfer information from Radarscreen to a chart (video tutorial).
37. Creating a show me study to show divergence between price and a stochastic (video tutorial).
38. Using the ADE DLL (Dynamic Link Library to Derive ‘Big Bars’) (video tutorial)
39. How to restrict parts of a program to only run between two specified times (video tutorial).
40. Create a Bollinger Band program where the upper and lower bands are fixed and price (video tutorial)
41. When to set a condition within an If…Then construct
42. How to draw lines and text on a chart using TL_New and Text_new
43. How to import a Tradestation ELD file
44. How to create drawing objects on a sub graph
45. Draw high of previous day (or a specified period) on a chart
46. What is an Intrabarpersist variable and how to use it
47. Adding a new data element to an EasyLanguage Array
48. How to create a program to calculate and draw linear regression lines
49. Create a linear regression channel
50. Create a linear regression function that draws linear regression line and returns slope value
51. Using data from multiple data streams in a strategy
52. Keeping track of pyramid trades
53. Create strategy filters.
54. Indicator that draws lines based on Average True Range (ATR) and yesterday’s closing bar.
55. Drawing lines on chart based on a volume ratio.
56. How to draw pivot points from the previous day.
57. Clarifying logical operators by using parentheses (beginner level tutorial).
58. Drawing text objects based on RSI values
59. A simple strategy where trades are based on two events separated by up to a user input number of bars
60. CCI trend line break
61. A beginner level tutorial explaining the options available for coloring plot lines.
62. Finding extreme values (e.g. what was the highest high in the last five bars)
63. Looking for CCI Trend Line Breaks Using Radarscreen.
64. Using manually drawn lines in EasyLanguage programs – part 1.
65. Using manually drawn lines in EasyLanguage programs – part 2.
66. Adding an ADX filter to a strategy.
67. How to create a ‘symmetric’ doji function.
68. Create a show me study to draw a channel between two times based on the highest and lowest bars between the times and set alerts if these lines are crossed.
69. Creating and using a two dimensional array.
70. Using the TradeStation 9.0 Global Dictionary.
71. How to create a simple break out strategy.
72. Using TradeStation drawing tools to draw three horizontal lines spaced according to user inputs.
73. Finding the highest and lowest price between a start and end time.
74. Introducing a strategy ‘pause’ after sequential losing trades.
75. How to add divergence detection to Commodity Channel Index (CCI) trend line break program.
76. Things to watch for when using strategies with line break charts.
77. Plot both volume and tick data on a chart.
78. A simple demonstration of the TradeStation Timer
79. How to ‘plot’ lines in strategies
80. Using SetDollarTrailing and drawing the position of the trailing stop
81. Restricting a part of a program to only run between two times when the start time is today and the end time tomorrow
82. Different ways of using a condition
83. Plotting average profit for a strategy using an indicator
84. Looking for support and resistance levels
85. Drawing and keeping text on the right of a chart
86. Calculate exponential moving average using PriceSeriesProvider
87. Using the Price Series Provider update event
88. Calculating the ADX using a PriceSeriesProvider
89. How to draw symbols on a chart
90. Using EasyLanguage vectors
91. How to plot the levels of the last high and low pivots
92. Plot the last ‘N’ high pivots on MultiCharts Scanner or RadarScreen
93. Modified Bollinger bands Keltner channels with fixed upper and lower bands
94. Store vectors within vectors
95. Sorting a vector using a recursive method
96. Using the Workbook component to share information with Excel
97. Transfer real time data from an indicator to another chart
98. Bollinger band ‘squeeze’ breakouts
99. Positioning text using XYPoint
100. Building an app using the Optimizer API
101. Drawing a mark at a specified place on a chart
102. Tick profile histogram using a price series provider
103. Using XML objects to store and retrieve information in an XML document
104. Drawing trendlines using BNPoint objects
105. Drawing trendlines using BNPoint objects on a sub graph
106. Creating variable transparency horizontal lines at pivot levels
TO THE BEST OF BILLY FIRE LLC’S KNOWLEDGE, ALL OF THE INFORMATION ON THIS PAGE IS CORRECT, AND IT IS PROVIDED IN THE HOPE THAT IT WILL BE USEFUL. HOWEVER, BILLY FIRE LLC ASSUMES NO LIABILITY FOR ANY DAMAGES, DIRECT OR OTHERWISE, RESULTING FROM THE USE OF THIS INFORMATION AND/OR PROGRAM(S) DESCRIBED, AND NO WARRANTY IS MADE REGARDING ITS ACCURACY OR COMPLETENESS. USE OF THIS INFORMATION AND/OR PROGRAMS DESCRIBED IS AT YOUR OWN RISK.
ANY EASYLANGUAGE OR POWERLANGUAGE TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS (AND PARTS THEREOF) AND ASSOCIATED TECHNIQUES REFERRED TO, INCLUDED IN OR ATTACHED TO THIS TUTORIAL OR PROGRAM DESCRIPTION ARE EXAMPLES ONLY, AND HAVE BEEN INCLUDED SOLELY FOR EDUCATIONAL PURPOSES. BILLY FIRE LLC. DOES NOT RECOMMEND THAT YOU USE ANY SUCH TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS (OR ANY PARTS THEREOF) OR TECHNIQUES. THE USE OF ANY SUCH TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS AND TECHNIQUES DOES NOT GUARANTEE THAT YOU WILL MAKE PROFITS, INCREASE PROFITS, OR MINIMIZE LOSSES.