I remember first becoming aware of technical analysis (as opposed to fundamental analysis) while watching a TV program about foreign exchange (forex) trading when I was a child. I wondered whether it was really possible to derive some understanding of future price action based on historical price patterns?
In days past, algorithms had to be manually calculated. These days, using tools such as TradeStation it is not only possible to do massive numbers of calculations in a fraction of a second, but to also represent information in real time on highly configurable charts, to test and optimize trading strategies and to even automatically place orders.
One of the coolest things about learning TradeStation EasyLanguage is that you can think of a trading idea, model it in a program and within a short period time you will know whether your theory has any value.
I have created a short video that talks about some of the 'patterns' I have modeled in some of my programs and what the theory was behind them.
EasyLanguage basic training intro
Links to the programs
Program 12 – Candlestick pattern strategy with user defined filters
Program 13 – ‘Pivot-limit’ strategy
Program 16 – Support and resistance levels combined with time zones
Program 18 | CCI divergence strategy (and smoothed CCI indicator)
The format of the course
Pricing and membership site information
The EasyLanguage basic training course is available through the Markplex Gold pass membership site. A small monthly fee will give members access to the 'basic training course' together with any updates that I make to the course in the future. I expect that members will feedback information so that I can create new videos or clarify existing information. In addition members will receive the following benefits:
- Ongoing access to basic training materials. Additional videos and materials will be added to this course from time to time.
- Ongoing access to a new intermediate course including videos and training materials as soon they become available.
- Ability to request additional training materials or seek clarification of existing materials.
- A free download every quarter. Each quarter I will select a different program or tutorial program from the Markplex site and make it available for you to download at no additional cost.
- A 20% discount off any downloadable programs or tutorials on Markplex.com.
- An additional 10% discount off our programming rates (making a total discount of 20%).
- Preferential ability to make suggestions for future tutorials or programs.
- Premium access to new tutorials as they become available
These benefits are available to you while you are still a member. Should you decide to cease your membership (which you can easily do at any time, without notice) access to materials and discounts will no longer be available and you will not receive a pro-rata refund for the remaining time in the period you have paid for.
The regular price will be $16.95 per month (payable every three months, in advance, by PayPal subscription). As an incentive to give it a try, I am offering it at a reduced price of $13.45 per month, until November 30, 2011. If you get it at the lower price I will honor this price for the duration of your membership. If you withdraw your membership and rejoin, you will pay the regular price.
Click http://markplex.com/markplex-membership/ to become a member of the Markplex site.
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I would like to know the estimated cost, and would like to get some debugging tips as well as help writing code for effective exit strategies. It would also be nice to get some help with writing code that accumulates bars and could help predict the daily or weekly pattern from the first hour or two of the trading day.
please inform me when your ‘EasyLanguage Basic Training course to teach you important EasyLanguage concepts and skills, step by step’ is available. Thanks
Hi Martyn. I’d like to see little explanation of a difference and tasks of a Function, Indicator, Strategy, RadarScreen indicator. What are the relationships between them.
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Also, I’d like to know if it’s possible to determine an angle of an indicator’s line. Let say bottom Bollinger Band is falling and I want to know/track at what angle it is falling and if, let say, it’s more than 45 degrees or less? And then when price is close enough to that band and the band is <= 45 degrees then I get a signal or get into a trade.
Same as Diane in above post, I 'd like to know what are and how to code effective trade trailing and exit strategies. Over your long programming carrier you probably have seen lots of them and you know which ones are worth of looking into.
Hope that price is not gonna be striking
Thanks for all.
Bart S.
Hello,
I was interested in adding indicators as filters to confirm trades for example you have a momentum and RSI based strategy but you want to add a CCI -50 +50 as a confirmation for long or short entry. As far as Stops go, it would be nice to have a trailing stop and dollar loss built into the strategy with input options based on Ticks or Points for money management as opposed to the standard stops and targets canned strategy included in TS
Thank you for all the education you provide