TradeStation
It has been my very good fortune to meet and work with Bill Brower of insideedge.net, one of the best Tradestation programmers in the world. We’ve been working on a project to convert my best swing trade systems and unique market indicators into bullet-proof Tradestation code. When you add the power of Tradestation automation and Tradestation backtesting, you have a baseline set of strategies that equip you to swing trade in either direction in any market condition, and which can be adapted to meet your own personal objectives and beliefs.
Bundle 1: 7 swing trade systems, trade framing and reward:risk estimation:
Traders looking to jumpstart their shorter term trading systems will be interested in Bundle 1, which features 7 of my best swing trade systems, my techniques for estimating reward: risk ratios, and my comprehensive “trade framing” technique. Bill has included the “continuation pattern” which can be toggled on or off for each of the swing trade systems, which enables the trader to stay with a swing trade that is successfully growing into a long term trade.
Bill’s code allows you to take advantage of Tradestation’s Radar screen to quickly sort and prioritize the best trading ideas in seconds. He links the Radar Screen to live chart windows that allow you to see the automatically-framed trades on familiar charts in the time frame you prefer to operate in. He’s designed each strategy implementation to allow for adapting parameters so your systems can stay-tuned with changes in the market.
Tradestation Bundle 1 contents and demo videos:
- KL_Mod1_Part2_1280 http://www.youtube.com/watch?v=wA0YjKS1OSg
- KL_Mod1_Part3_1280 http://www.youtube.com/watch?v=RAHKSrOY2dg
- KL_Mod1_Part4_1280 http://www.youtube.com/watch?v=ji1qOEx3V4A
- KL_Mod1_Part5_1280 http://www.youtube.com/watch?v=_QcS8Me5ny8
- KL_Mod1_Part6_1280 http://www.youtube.com/watch?v=XJc9adcaEmU
Bundle 2: 6 unique market classification indicators:
To find an edge in the market you have to look at the market in ways that other traders aren’t; otherwise you are always moving with the herd. The 6 indicators in bundle 2 provide a statistics-based framework of describing the current state of the market over time. They let you compare an instrument’s behavior through time, or against a population of interest, or in comparison to the market itself.
Bill’s code allows you to vary the baseline parameters so that you have indicators that are tuned to your style of trading. The indicators help find what may be key turning points and allow you to estimate the potential size of subsequent moves.
- Introduction http://www.youtube.com/watch?v=8uj2Qm_TgG8
- StretchStat http://www.youtube.com/watch?v=sbPGMq2XPwE
- VolStat http://www.youtube.com/watch?v=q5cqzFeFUtM
- SlopeStat http://www.youtube.com/watch?v=AUFW0HWpJO8
- AlphaStat http://www.youtube.com/watch?v=ZvKKhmhYCsM
- MA SlopeStat Indicator: http://www.youtube.com/watch?v=RcOSzgZF_rI
- Market Classification Indicator: http://www.youtube.com/watch?v=Q6ynq00Owa0
System designer: Ken Long: longke@yahoo.com
TS programmer: Bill Brower: 1000mileman@gmail.com
| STRATEGIES (each of these implements the systems definitions we teach in the seminar, and trade daily) (Using end of day data if any symbols in your desired symbol list fires, then RadarScreen shows the system that signals a setup, the autoframer computes entries, initial stops, profit targets, reward: risk ratios, intermediate profit target levels, and trailing stops. The intraday WMB indicator supports intraday trading aimed at price improvement and opportunity trading) | |
| KL_551W | Implements the 551w trading system, with variable parameters |
| KL_5DD | Implements the 5 Days Down trading system, with variable parameters |
| KL_Channeling | Implements the Channeling trading system, with variable parameters |
| KL_OverReaction | Implements the Overreaction trading system, with variable parameters |
| KL_Setups | (compiles the systems whose signals have fired) |
| KL_TripleScreen | Implements the Triple Screen trading system, with variable parameters |
| KL_Washout | Implements the Washout trading system, with variable parameters |
| (Continuation pattern) | Code embedded in each strategy module, that can be toggled on/off that will check to see if there is a continuation pattern available after a successful trade that is starting to resume its move up |
| INDICATORS (these are indicators from the strategies that are plotted on TS charts | |
| KL_551W | Posts the trading system parameters on live charts |
| KL_5DD | Posts the trading system parameters on live charts |
| KL_Channeling | Posts the trading system parameters on live charts (and exit signals when backtesting) |
| KL_ Frame | this is the “autoframer” that constructs and plots the mechanical trade frame for green zone trading; incorporates rangestat |
| KL_GapStat_RS | this computes the 30 day pattern of gap size and direction and subsequent follow thru, that we currently display for SPY on the daily email; a very powerful idea. It populates columns in Radar Screen |
| KL_GapStat2_RS | this computes the daily gapstat, used for computing overnight risk levels, and populates columns in Radar Screen |
| KL_OverReaction | Posts the trading system parameters on live charts |
| KL_NDX (the Tortoise NDX indicator) | Displays the Tortoise NDX indicator on live charts, with variable parameters for defining Overbought/Oversold |
| KL_Setups_Chart | Code for connecting Radar Screen signals to live chart displays |
| KL_Setups_RS | Is the code for alerting you in radar Screen if any of the patterns have fired |
| KL_TripleScreen | Posts the trading system parameters on live charts |
| KL_UltimateEntryPlus | (This uses the initial risk to compute a ladder of 1R, 2R, 3R profit targets |
| KL_Washout | Posts the trading system parameters on live charts |
| KL_WMB | Posts the indicator rules when they fire on live charts |
| KL_WMB_RS | also acts as a 7th strategy and looks for signals on daily charts that meet WMB criteria |
Tortoise Trade Station Project: Bundle2packing list
System designer: Ken Long: longke@yahoo.com
TS programmer: Bill Brower: 1000mileman@gmail.com
| Indicators: This bundle is focused on a set of indicators that help describe current market conditions within the context of a user-defined lookback period, based on statistical descriptions | |
| <KL_>”Stretchstat” | codes/classifies today’s “%stretch” above the 200dMA in a historical/stats based context (its 1/2 of the Tortoise mkt classification) |
| <KL_>”Volstat” | uses ATR% to classify the current mkt volatility in a historical, stats based context (other 1/2 of Tortoise mkt classification) |
| <KL_>”Slopestat” | uses slope of the 30d regression line to classify current strength of trend in a historical & stats based context (grea tf or finding intermediate term trend pivot areas) |
| <KL_>”Alphastat” | computes the Slopestat of regions sectors, or a basket of symbols; subtracts the slope of SPY to find the relative alpha of the basket members, lets you quickly and dynamically find relative strength |
| <KL_>”50d Slopestat” | uses slope of the 50dMA with historical and statistical context to classify opportunity/risk in slightly longer term time frame |
| <KL_>“Tortoise market classification” | Combines 2 indicators: Price vs the 200dMA and the VolStat for SPY to create a 9 condition “Market classification” scheme |
Announcing Tortoise Tradestation Bundle3: Blended Monthly Rebalancing
2. Vary the lookback periods of the fast and slow momentum factors, and the percent blend
3. Vary the Moving average filter
4. Vary the number of instruments held (is own the top “x” members of your portfolio)
5. Specify and vary trailing stops and profit target exits
6. Run backtests of the portfolio strategy over user-defined time periods
7. Produce strategy analysis and performance reports
8. See the results of your backtest in seconds and compare the equity curves to the market buy and hold strategy
