This presents an option for those that do not want to learn how to program but still want to do algorithmic trading.Īfter generating a strategy, simply hit the ‘Generate EL Code’ button to get full code. Build Alpha and Generated Codeīuild Alpha is a no code strategy builder that enables traders to build, test, and generate code for tons of automated trading strategies. In addition, TradeStation has great documentation and tons of pre-built-in functions for all popular indicators. Learning the ins and outs of easylanguage are not as gruesome as learning a traditional programming language. If Close crosses below Average(Close,10) then sell 100 shares next bar open Below is an example of a moving average crossover system that buys 100 shares on a cross above and sells 100 shares on a cross below If Close crosses above Average(Close,10) then buy 100 shares next bar open TradeStation handles all of the “no fun” tasks like data connectivity, order routing, and account monitoring while traders get to focus on the logic of the strategy.Įasy Language allows traders to express their trading ideas in almost human readable syntax.
TradeStation’s proprietary coding language, called Easy Language, was designed to make programming easy for traders. There are two ways to create a strategy for backtesting and live trading in TradeStation. In order to backtest, we need a strategy. Additionally, TradeStation has a great installation video and user guide here:Ĭreate a Strategy for Backtesting and Live Trading Build Alpha and this guide are compatible with both. At the time of writing, TradeStation offers both version 9.5 and version 10. Next, select the Download Software tab in the top menu.
First, head to the TradeStation’s home page to login to your Client Center. If you have not already downloaded TradeStation, then please do so before continuing with this backtesting on TradeStation guide. The Best Way to Properly Backtest on Tradestation How to Download TradeStation
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