Trading strategies lie at the heart of TradeStation.
The reasons are simple. Emotions cloud our judgment. Picking entries and exits causes stress. It’s also hard for mere mortals to maintain consistency — particularly when managing risk.
That’s where TradeStation steps in, letting you develop rules so the platform does the work. Users can back-test and optimize their strategies along the way.
These systems consist of entries, exits and money management. This last point is especially important because formulas can control the amount of risk. For example, position sizes can change based on capital available or other trades you might want to place.
Rules like technical setups are used for getting long or short. Maybe something’s overbought or oversold, and you want to play the mean reversion. That can be coded. Say you’re following a trend. That can be coded. Ditto for a range.
The great news is TradeStation already contains a huge number of building blocks. Well known indicators like moving averages and oscillators are at your fingertips. Our EasyLanguage coding system also includes simple commands like “Long Entry” or “Short Exit,” huge time savers for doing multi-step transactions.
Stay tuned for more.
Want to learn more about strategies from TradeStation’s expert instructors? Click here for information on upcoming Master Class sessions.