Murray is giving away some additional free TradeStation code. This code is part of the spotlight talk that he gave for TradeStation labs.
See the full talk.
The latest piece of free TradeStation code helps with price patterns. In Toby Crabel’s classic book “Day Trading with Short Term Patterns and opening range breakout”, he discussed these simple open to close price patterns. There has also been work on close to close price patterns done by several people including Larry Williams. Open to close patterns are not as important in commodities today because the open are often only a few hours after the close in today’s electronic markets.
In this article we will discuss developing a tool for TradeStation written in EasyLanguage which we can use to test these close to close patterns. Use the form on the right to get the free EasyLanguage code for this tool. It would be easy to test one pattern by hardcoding the logic but much more difficult if you want to test multiple patterns. Let’s say you want to buy tomorrow at some level when you have had three up closes.
Using EasyLanguage 9.x takes the reader from the basics of EasyLanguage through advanced TradeStation tips and tricks. In order to understand the advanced topics, the first few chapters are dedicated to getting the reader familiar with general TradeStation development.
Indeed, before beginning to write any EasyLanguage code, there are a few areas that are very important for the EasyLanguage programmer to understand and to learn. An explanation of each area is provided within the book and more detailed descriptions are given during their actual use when Indicators, PaintBar Studies, ShowMe Studies, User Functions, and Systems are developed.
Many people who have read “Using EasyLanguage 9.x” in the past have said that it’s a must-read book. When I wrote the original book, I had hoped that it would be the definitive reference both for people who were new to TradeStation back in the late 90s, but also a great resource for veterans looking to learn more about the platform they loved so much. Now that I’ve updated the original book for use with the latest version, I’m hoping that it not only introduces a whole new set of people to this platform, but that it also helps veterans delve deeper into the latest and greatest features included with the platform.
The mere thought of programming often spooks traders. On the one hand, there is overwhelming abundance that programming and software development is beneficial in developing successful trading strategies. On the other hand, programming seems hard and intimidating at first glance.
Using EasyLanguage takes away the mystery and shows you the ins-and-outs of using this powerful programming language for putting your unique trading ideas into code. It is for both beginners and veterans alike as Murray Ruggiero walks you through not only how to efficiently code in this language, but also gives the reader unique insight on using EasyLanguage capabilities in real-world trading situations.