|
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 parameter optimization, and much more. TradeStation's
proprietary EasyLanguage 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. Plus, you will receive
FREE daily updates via the Internet until December 31, 2003
through HISTORYBANK.COM Daily Update Service, TradeStation
Technologies' Internet end-of-day financial market data service.
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. Under our current plans,
we expect to continue to provide the Daily Update Service
through at least January 1, 2004.
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 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 analysis tools to not only help you further analyze your
strategies, but also to help you uncover new ideas to test...
|