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One of TradeStation's
most significant advantages is that it enables you
to historically test and evaluate your own custom
trading strategies before you risk a penny of
trading capital.
This breakthrough is
possible thanks to a proprietary technology called
EasyLanguage®. It lets you describe your ideas using
simple, English-like statements, very much in the
same way that you would describe them to another
trader. It looks like plain English because
EasyLanguage was designed to use the "trader's
vocabulary" as much as possible. TradeStation also
gives you the power to describe sophisticated ideas
and strategies having dozens or even hundreds of
parameters and conditions. It even allows you to
test strategies that contain multiple entry and exit
signals, various order types (market, limit, stop
orders), pyramiding and money management rules,
advanced paramteter optimization, and much
more.TradeStation's proprietary EasyLanguage is the
industry standard for describing trading strategies.
It is used by traders worldwide and by several major
trade publications to describe new trading ideas
(for example: Technical Analysis of Stocks and
Commodities Magazine, Active Trader Magazine,
Futures Magazine, etc.).
TradeStation®2000i's StrategyBuilder™ allows you to
develop your own
trading strategy in just a few steps.
Using StrategyBuilder,
you're able to combine a virtually limitless number
of signals, or buy and sell orders, into a trading
strategy. With its point-and-click interface, you'll
be able to tap into the strategy development power
of TradeStation 2000i to create your own trading
strategy.
Pre-Written
Signals. TradeStation 2000i comes with about
100 entry and exit conditions or "signals" already
pre-written for you. You can combine these
pre-written signals in countless combinations to
create your own strategies. Each signal is based
on a widely-used technical indicator or trading
concept. And if you're not quite sure how each
signal works, simply clicking on the "Define" icon
brings up a description for you. You'll soon feel
comfortable combining more and more signals and
creating a potentially limitless number of your
own trading strategies to test.
Custom
Signals.
And, your entry and exit conditions can be as
simple or as complex as you desire because
TradeStation 2000i allows you to customize
existing signals and create new ones from scratch
using EasyLanguage® . EasyLanguage is the
world-standard trading language developed by
TradeStation Technologies that uses everyday
trading terms to describe trading ideas. With
TradeStation 2000i's PowerEditor®, you'll be able
to create your own signals in EasyLanguage and add
them to any directory in StrategyBuilder. Then you
can combine them again and again, easily and
quickly, to create many different custom
combinations and trading strategies to test.
You may just find a
strategy that works for you using the pre-written
signals, but with EasyLanguage, you'll be able to
write your own signals plus customize many aspects
of the program to fit your specific needs….
Only
TradeStation®2000i gives you the ability to create
your own signals, indicators and strategies using
everyday language.
When TradeStation
Technologies first pioneered the concept of
developing and back-testing custom trading
strategies, we also created EasyLanguage, which lets
you describe your trading ideas using everyday
trading terms and English-like statements. Up until
then, the ability to create computerized trading
strategies belonged exclusively to software
programmers and institutional money managers. With
EasyLanguage, you don't need to be a computer wizard
to create your own trading strategies in
TradeStation 2000i.
PowerEditor.
Using EasyLanguage
and the PowerEditor®, you'll be able to customize
many of the features of the program to fit your
particular needs. You'll have the tools you'll
need to create your own strategies from scratch.
Or, you can use over 300 built-in functions and
formulas as building blocks that you can cut,
paste and combine to create your own strategies.
The intelligent PowerEditor will even
automatically color code your trading terms by
category so you can easily distinguish the
different condition. And, the PowerEditor also
includes a multi-file search feature and quick
reference guide to EasyLanguage words and
functions.
The World Standard.
EasyLanguage is the
world standard trading language. Many of the
world's top strategy developers use TradeStation
2000i and the flexibility of EasyLanguage to
create and test their own strategies. In fact,
EasyLanguage is so widely recognized that trading
publications publish the exact EasyLanguage terms
and statements for many of the strategies they
review so that readers can try them for
themselves.
With the flexibility of
EasyLanguage, your only limit is your imagination.
Add to this the ability to test your strategies and
you'll begin to see what separates TradeStation
2000i from the ordinary trading tool….
With
TradeStation®2000i, you'll have detailed data to see
right down to the tick level.
Now independent traders have the ability to test
trading strategies using this precision and realism.
Why is this so important when developing and testing
your trading strategy? Because the more precise and
realistic your simulations are, the more likely it
is that a historically successful strategy could
prove successful in the future. With TradeStation
2000i, you'll be able to look at every trade within
a bar and know what happened. And, only TradeStation
2000i can look at the exact order of the trades that
occurred during the bar. That way you can determine
which entry order would have actually been filled
first.
Let's say that you're
testing a trading strategy that generates a buy stop
order at 100. TradeStation 2000i doesn't just
simulate a fill at 100 when the market crosses that
price. It is actually capable of looking to see if
any trades occurred at that price. If none did, your
simulated order is filled at the closest price above
100 at which the market actually traded, and
therefore you are being given a more realistic and
reliable testing result.
Now, let's say that
you're testing a strategy that generates two entry
orders on the same day: one a buy stop order at 100
and the other a sell stop order at 98. And the range
for that particular day was 97-101. If both price
points were hit in a single day, without strategy
testing to the tick level there's no way to know for
certain if you were short or long at the end of the
day.
With
HISTORYBANK.COM® Financial Database, you'll be able
to back-test your strategies using an extensive
historical market database.
From stocks to futures to options, HISTORYBANK.COM
contains an in-depth collection of historical data.
This level of data was previously available only to
institutional level traders who paid thousands of
dollars to access such information.
It's yours FREE.
HISTORYBANK.COM
Financial Database is included FREE on CD with
your TradeStation 2000i purchase.
Tailored for Strategy
Back-Testing.
HISTORYBANK.COM is a
data source completely tailored to strategy
back-testing. After all, your back-testing results
are only as good as the data you use. So the data
was collected and compiled with that in mind. And,
data for stocks, options and futures is
specifically tailored to take into account the
uniqueness of each market.
Extensive Database.
HISTORYBANK.COM
includes over 30 years of historical market data,
including daily price and volume information for
virtually every stock and commodity and all major
indexes traded in the U.S., as well as a complete
historical resource for stock splits of all kinds.
Daily Update Service.
With the Daily Update
Service, you'll have up-to-date information.
You'll be able to update your database daily. With
a simple click of a button, you'll have updated
daily prices, stock split adjustments, symbol name
changes, new issues, options and futures data and
much more.
It's with this unique
collection of historical data that TradeStation
2000i is able to help you design trading strategies.
Once you've created your trading strategies and
applied them to historical patterns, you can analyze
them from many angles using TradeStation 2000i's
Strategy Performance Report….
TradeStation®2000i's
Strategy Performance Report includes over 200
performance fields and graphs to help you evaluate
your strategy's characteristics.
The
Strategy Performance Report will help you analyze
your strategy from numerous angles. This feature
helps you see how your strategy could have performed
had you traded it in the past.
10 In-Depth Analysis
Sections.
You'll have 10 analysis
sections with over 180 performance fields for you to
analyze your strategy's simulated historical
performance. You'll see the percentage of time your
strategy was in the market, as well as the exact
number of days, weeks, months and years. You'll know
the average time your strategy was in trades,
between trades, and even the largest time between
winning and losing trades. And, you'll be able to
evaluate any strategy with a list of established
risk-reward ratios, and see how your strategy
performed from perspectives such as entry and exit
efficiency and stability. TradeStation 2000i even
includes a trade-by-trade report that you can sort
by the factors you consider most important, whether
that's total percentage of profit, total efficiency
rating, run-up or a list of other criteria.
State-of-the-Art
Graphs.
Since it's helpful to
see this information in more than one format, the
Strategy Performance Report feature also includes
over 20 graphs for you to use to highlight your
strategy's key traits visually. You'll be able to
evaluate the simulated historical performance of
your forex trading strategies from almost every possible
angle.
The TradeStation 2000i
Strategy Performance Report will give you a full
picture of your trading strategies' simulated
historical performance. And, TradeStation 2000i also
includes a library of anlalysis tools to not only
help you further analyze your strategies, but also
to help you uncover new ideas to test….
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