Tradestation Trader-EasyLanguage Trading Tool

Example

Guidance on developing a volatility breakout strategy.

Scenario

A user wants to create a strategy that enters a long position when price moves above the highest high of the last 20 days, with an exit strategy based on a trailing stop. Tradestation Trader can provide detailed steps on coding this logic in EasyLanguage, including defining the breakout condition, calculating the stop level, and implementing the exit logic.

Example

Assistance in creating a bespoke momentum indicator.

Scenario

For traders looking to measure momentum in a way that's not available through standard indicators, Tradestation Trader can offer support in coding a custom indicator. This could involve calculating the rate of change of a security's price over a specific period, then applying a smoothing technique like an exponential moving average to create a unique momentum indicator.

Example

Help in backtesting a mean reversion strategy.

Scenario

When a user has developed a mean reversion strategy, they might need assistance in backtesting it against historical data to assess its viability. Tradestation Trader can guide through setting up the backtesting environment in TradeStation, selecting appropriate historical data, defining performance metrics, and running optimization tests to fine-tune the strategy parameters for better performance.