TradeStation made easy! : using EasyLanguage to build profits with the world's most popular trading software

768 Pages·2011·22.52 MB·

by  Cruz, Bill, Harris, Sunny J

P1:a/b P2:c/d QC:e/f T1:g
FM JWBT445-Harris February13,2011 12:37 Printer:Yettocome
P1:a/b P2:c/d QC:e/f T1:g
FM JWBT445-Harris February13,2011 12:37 Printer:Yettocome
TradeStationTM
Made Easy!
P1:a/b P2:c/d QC:e/f T1:g
FM JWBT445-Harris February13,2011 12:37 Printer:Yettocome
Foundedin1807,JohnWiley&Sonsistheoldestindependentpublishingcom-
pany in the United States. With offices in North America, Europe, Australia and
Asia,Wileyisgloballycommittedtodevelopingandmarketingprintandelectronic
productsandservicesforourcustomers’professionalandpersonalknowledgeand
understanding.
TheWileyTradingseriesfeaturesbooksbytraderswhohavesurvivedthemar-
ket’s ever changing temperament and have prospered—some by reinventing sys-
tems, others by getting back to basics. Whether a novice trader, professional or
somewherein-between,thesebookswillprovidetheadviceandstrategiesneeded
toprospertodayandwellintothefuture.
Foralistofavailabletitles,visitourWebsiteatwww.WileyFinance.com.
P1:a/b P2:c/d QC:e/f T1:g
FM JWBT445-Harris February13,2011 12:37 Printer:Yettocome
TradeStationTM
Made Easy!
Using EasyLanguageTM to Build Profits
with the World’s Most Popular
Trading Software
SUNNY J. HARRIS
JohnWiley&Sons,Inc.
P1:a/b P2:c/d QC:e/f T1:g
FM JWBT445-Harris February13,2011 12:37 Printer:Yettocome
Copyright(cid:1)C 2011bySunnyJ.Harris.Allrightsreserved.
PublishedbyJohnWiley&Sons,Inc.,Hoboken,NewJersey.
PublishedsimultaneouslyinCanada.
Nopartofthispublicationmaybereproduced,storedinaretrievalsystem,ortransmittedinanyform
or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as
permittedunderSection107or108ofthe1976UnitedStatesCopyrightAct,withouteithertheprior
writtenpermissionofthePublisher,orauthorizationthroughpaymentoftheappropriateper-copyfee
totheCopyrightClearanceCenter,Inc.,222RosewoodDrive,Danvers,MA01923,[phone],fax
[phone], or on the Web at www.copyright.com. Requests to the Publisher for permission should be
addressedtothePermissionsDepartment,JohnWiley&Sons,Inc.,111RiverStreet,Hoboken,NJ07030,
[phone], fax [phone], or online at http://www.wiley.com/go/permissions.
LimitofLiability/DisclaimerofWarranty:Whilethepublisherandauthorhaveusedtheirbesteffortsin
preparingthisbook,theymakenorepresentationsorwarrantieswithrespecttotheaccuracyorcom-
pletenessofthecontentsofthisbookandspecificallydisclaimanyimpliedwarrantiesofmerchantability
orfitnessforaparticularpurpose.Nowarrantymaybecreatedorextendedbysalesrepresentativesor
writtensalesmaterials.Theadviceandstrategiescontainedhereinmaynotbesuitableforyoursituation.
Youshouldconsultwithaprofessionalwhereappropriate.Neitherthepublishernorauthorshallbeliable
foranylossofprofitoranyothercommercialdamages,includingbutnotlimitedtospecial,incidental,
consequential,orotherdamages.
TradeStation,OptionStationandSuperChartsareregisteredtrademarksofTradeStation,Inc.TradeSta-
tionProSuite,ActivityBars,EasyLanguage,GlobalServer,HISTORYBANKFinancialDatabase,PaintBar,
PortfolioMaximizer,PowerEditor,ProbabilityMaps,RadarScreen,ShowMe,SmartAsk,SmartBid,Smart-
StylingandSystemBuilderaretrademarksofTradeStation,Inc.HISTORYBANK.COMandOmegaWorld
areservicemarksofTradeStation,Inc.Othernamesandmarksreferredtoarethepropertyoftheirre-
spectiveowners.
InrecognitionofTradeStation’strademarksandcopyrights,usesinthebookofTradeStation,EasyLan-
guage,OptionStation,Historybank.com,GlobalServerorSuperChartsimplyTradeStationTradeStation,
TradeStationEasyLanguage,TradeStationOptionStation,TradeStationHistorybank.com,TradeStation
SuperChartsandTradeStationGlobalServerrespectively.
Forgeneralinformationonourotherproductsandservicesorfortechnicalsupport,pleasecontactour
CustomerCareDepartmentwithintheUnitedStatesat(800)762-2974,outsidetheUnitedStatesat(317)
572-3993orfax(317)572-4002.
Wileyalsopublishesitsbooksinavarietyofelectronicformats.Somecontentthatappearsinprintmay
notbeavailableinelectronicbooks.FormoreinformationaboutWileyproducts,visitourwebsiteat
www.wiley.com.
ISBN978-0-471-35353-9;ISBN978-1-118-06315-6(ebk);
ISBN978-1-118-06316-3(ebk);ISBN978-1-118-06317-0(ebk)
PrintedintheUnitedStatesofAmerica
10 9 8 7 6 5 4 3 2 1
P1:a/b P2:c/d QC:e/f T1:g
FM JWBT445-Harris February13,2011 12:37 Printer:Yettocome
I’vebeenworkingonthisbooksince1996;that’s12yearsnow.Wow!WhenI
firstbegan,mydaughterwaspregnantwithmysecondgrandson,whose
nameisSterlingKodiakYates,now10.Thisbookisdedicatedto
Sterlingandtomyback-orderedgrandchildren
(hopefullyfrommyson’snewwife,Laurel).
P1:a/b P2:c/d QC:e/f T1:g
FM JWBT445-Harris February13,2011 12:37 Printer:Yettocome
Thehumanmind,oncestretchedtoincludeasinglenewidea,doesnot
shrinkbacktoitsoriginalproportions.
—OliverWendellHolmes
Untiloneiscommitted,thereishesitancy.
—W.H.Murray
Wemustneverassumethatwhichisincapableofproof.
—G.H.Lewes
Besureofit;givemetheocularproof.
—Shakespeare
P1:a/b P2:c/d QC:e/f T1:g
FM JWBT445-Harris February13,2011 12:37 Printer:Yettocome
Contents
Foreword xi
Preface xiii
Acknowledgments xvii
Author’s Note xix
CHAPTER 1 Introduction to EasyLanguage 1
CHAPTER 2 Quick Start 7
CHAPTER 3 Understanding the Process 27
CHAPTER 4 Basic Use of TradeStation 59
CHAPTER 5 Basic Math 137
CHAPTER 6 Basic EasyLanguage 157
CHAPTER 7 Programming Conventions 173
CHAPTER 8 Statements 199
CHAPTER 9 Ifs, Ands, and Buts 209
CHAPTER 10 Begin and End (Block Statements) 219
CHAPTER 11 Loops 241
vii
P1:a/b P2:c/d QC:e/f T1:g
FM JWBT445-Harris February13,2011 12:37 Printer:Yettocome
viii CONTENTS
CHAPTER 12 Analysis Techniques 247
CHAPTER 13 Buying and Selling 283
CHAPTER 14 Functions 307
CHAPTER 15 Tricky Math 325
CHAPTER 16 TradeStation Tricks 333
CHAPTER 17 Optimization 355
CHAPTER 18 System Performance 383
CHAPTER 19 Conclusion 399
APPENDIXA Styles 407
APPENDIXB Reserved Words 415
APPENDIXC Formulas 563
APPENDIXD Full Code for the System and Studies in This Book 567
APPENDIXE Baskets 573
APPENDIXF Where’s the Command? 577
APPENDIXG.1 Built-in Functions and Indicators (Alphabetical Listing) 585
APPENDIXG.2 Built-in Functions and Indicators (Functional Listing) 589
APPENDIXH TradeStation Add-on Products and Services 707
APPENDIXI TradeStation User Groups 717