Complete Overview of Strategies in TS
Fully supports Auto-Trading? Yes indeed. Build your own strategies in TS and use them to analyze your trading setups. Advanced performance reports give you a full suite of tools from which to optimize your trading setup. Did I mention optimization? Yes, TS provides unique tools used to set the min/max of any parameter, automatically optimizing your setup to the most profitable settings. In TS Strategy Guide, we review all the elements of strategies in TS. Stay tuned for more. Future videos will cover this topic in greater detail.
Theoretical Orders
Just write a few lines of code and TS will plot your theoretical buys and sells right on the chart. Learn how to customize the settings impacting how theoretical orders are entered on the chart. It even provides a “look-inside-bar” option to drill down into a lower time frame to increase precision of theoretical orders.
Performance Reports
Included reports are performance summary, trade analysis, trade list, performance graphs and more. While report window is open, update the details by simply changing the ticker symbol or time frame. You can easily export all the report details to Excel for further analysis.
Custom Strategy Included
With this video, we are providing a custom strategy originally published with the Thinkorswim Strategy Guide video. In this video you will see how the strategy plots signals on the chart., I review the source code, for those wishing to write there own strategies. The strategy code we provide is for education purposes only and is NOT intended to be traded on a live account. Use at your own risk.
How do I get it?
On GitHub: https://github.com/ht-tradestation/strat-guide
Git-what? Don’t worry, just watch the video installation instructions and everything will fall right into place.
How to install:
Follow the instructions on GitHub (explained in detail in the video)
DISCLAIMER: I AM NOT A CERTIFIED FINANCIAL ADVISOR AND NOTHING IN THIS VIDEO OR TEXT IS AN ADVERTISEMENT OR RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT. NOR IS THIS VIDEO OR TEXT INTENDED TO INSTRUCT YOU ON HOW TO MAKE BUY OR SELL DECISIONS USING ANY OF THESE INDICATORS.
Hi Pete, my strategy is if macd 5min is up at bar close and macd 15min up intrabar.
is it possible to automate in tradeStation or other platform that you know ? thanks so much
There are restrictions to using multiple time frames for chart strategies on any platform. What you described, “15 min up intrabar”, is not permitted for any chart strategy. Why? Because using the higher time frame in that way creates signals that are able to repaint. Want to learn more about this and understand how to work within these restrictions? See the following video: https://www.hahn-tech.com/thinkorswim-strategy-guide-mtf/
Hello,
I am new to tradersation, looking for some easylanguage code to be used in raderscreen as below
May I get your help??
1. if the price above 50 EMA, it turn bullish. if vice versa, it turn bear
2. if the price above 100 EMA, it turn bullish. if vice versa, it turn bear
There should be no need for any custom solution to this request. In TradeStation, you have several built-in chart studies that include moving averages. The one named “Mov Avg 1 Line” would be the ideal selection for this. It includes a built-in alert for price crossing above or below the moving average. The moving average for this one is a simple moving average instead of the EMA you mentioned. But for lengths greater than 34 you really should be using simple moving averages instead of exponential.
in TS when using 2 time frame charts and click ENABLE INTRABAR ORDER GENERATION will result GENERATE ORDERS INTRABAR HAS BEEN DISABLED BECAUSE IT IS NOT SUPPORTED FOR MULTI DATA CHARTS
tech support has no idea to work around this but of course they are not trained for easy language anyway
TS only generated signal after macd from HTF bar close (which is not how my strategy works n so does most other strategies)
It is very important that you understand it is quite impossible to back test any strategy that uses the current higher time frame bar. Full explanation in the following video: https://www.hahn-tech.com/thinkorswim-strategy-guide-mtf/
In this case, TradeStation handles this issue correctly, whereas Thinkorswim allows you to construct things that are impossible to achieve in live trading. (no safeguards)
Thanks for explaining. I am not aware of any platforms that permit intrabar order generation as it is implemented in TradeStation.
Hi Pete, i discovered that TS couldnt generate intrabar while using macd from higher time frame. do you have solution to work around this or other platform suggestion with auto trade + intrabar Multi time frame, Sierra, TradingView?
TOS could do intrabar MTF but no auto trade 🙁
your input is highly appreciated.
I do not understand this phrase: “…generate intrabar while using macd from higher time frame”
Have you develop divergence indicator using Stochastics ?
Thanks
Yes, full details on this webpage: https://www.hahn-tech.com/premium-chart-indicators/
Hi Pete, very informative video, thanks for that. Is it possible to use Tradestation for autotrade using a recursive strategy (e.g. CompoundValue used in TOS) using a 60 min intraday chart?
Yes, in fact such strategies are already included as built-in elements with TradeStation.
Hi Pete, do you know if sierra Chart could automatically pick ATM OPTIONS for auto trade? If not, do you know any platforms Software that could?
Thanks so much for all your super useful information
I can almost assure you that Sierra Chart cannot. That platform has virtually no support for options at all.
Hi Pete, could we automate trade single options in TS, base on strategy with indicators of stock price, which include automate picking ATM strike and a minimal xx expiration days (perhaps needs predefined stock name)?
if yes, does the auto trade in TS recursive for options day trading or need to enter one by one like in TOS conditional order?
thanks so much
At this time I am not aware if TradeStation EasyLanguage is able to access options data for the stock symbol applied to the chart. I am certain it is not able to execute orders for any options contracts associated with the stock symbol applied to the chart.
hi pete can i get you email i would like quote for build indicator thinkorswing but i would like ask you are familiar with TC2007 telechar because i want move in there thnks
You view our rates and fill out the contact form at the bottom of this page to initiate a project request: https://www.hahn-tech.com/about/
I have heard of TC2000 but not TC2007. Did you want to port some code from there over to Thinkorswim?