Building Winning Trading Systems with TradeStation (Book & CD-ROM)


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Praise for BUILDING WINNING TRADING SYSTEMS with TradeStation (TM)"This book will prove vital to all systematic traders. Pruitt and Hill share a wealth of innovative timing patterns and fully disclosed trading strategies. For TradeStation(TM) users, there are powerful tutorials on indicator design and system building. The authors' vast expertise will benefit even practiced TradeStation(TM) veterans."
-Nelson Freeburg
Editor, Formula Research
"TradeStation(TM) systems traders will discover a virtual gold mine of knowledge, guidance, and the benefit of vicarious experience from the two foremost experts on the subject in this valuable new addition to trading systems literature. There has long been a notable lack of worthwhile reference material for TradeStation(TM) users, and Building Winning Trading Systems with TradeStation(TM) fills a large void in this area."
-Edward Dobson
President, Traders Press, Inc.
"Building Winning Trading Systems with TradeStation(TM) is filled with useful information and practical real-world examples. I believe TradeStation 6(TM) users will find it a valuable resource."
-Bill Cruz
Co-CEO, TradeStation(TM) Group, Inc.
Building Winning Trading Systems with TradeStation (Book & CD-ROM) Review
For new system developers using TradeStation:First, read the Tradestation Manuals. From the main menu, choose Help -> TradeStation Books. Read "Getting Started with TradeSation EasyLanguage" then move on to "EasyLanguage Reference Guide."
Next, bring up a TradeStation chart and add some random strategy. Click View -> Strategy Performance Report. In the Performance Summary and Trade Analysis tabs, click on each statistic's name type and read the description. It is pretty informative.
Then read chapter 5 of this book if you need more info on the stats.
Chapter 6 is the real meat of this book and the reason you should add it to your library. Unfortunately it is riddled with typographical errors. It's a shame. If the authors would have just copied and pasted the code from a verified strategy, they would have caught most of the problems.
Chapter 7 and 8 also have some valuable information.
Again, if you can find this book used, go ahead and buy it. There are a couple strategy coding, debugging and printing, and EL tweaks for research that you will find interesting.
Also, look into
"Professional Stock Trading: System Design and Automation" (more good ideas and examples of TS coding)
"Design, Testing, and Optimization of Trading Systems" by Robert Pardo (oldie but goodie on system design, but no TS).
"The Encyclopedia of Trading Strategies" by Jeffrey Katz (there is good chapter on basic statistics originally published in 1997 Technical Analysis of Stocks and Commodities)
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