TradersStudio Thread

samuel_weber_74 · Jan 23, 2009

While we wait that Murray comes back, I have a problem that probably can be easily solved by anyone. TradersStudio's language is very similar to TradeStation's but I have a "big" problem with limit orders. I was doing some coding as exercise and had the idea of writing a system to trade inside days.
If today is an inside day I place an order to buy tomorrow 1 tick above today's high and a second order to sell 1 tick below today's low.
I also place the profit target for tomorrow and the next days. Let's say this target is 5 ticks. Too small for a profitable system in reality but it fits well in this example. If today is an inside day, it is likely that tomorrow one of the stop orders will be filled and also that the limit order above/under it will be touched exiting me from the position..... well, it does not happen ! The stop order is filled, let's say I am long, the profit target is hit, too, but the position is not exited at that price ( with the limit order ), it is exited only the next day on the open !!
I am sure I missed something. If someone could help ....
I tried everything ... my head is spinning !

Thanks a lot !

samuel_weber_74 · Jan 23, 2009

I would also LOVE to see some messages about how to debug a trading plan, ie have it to print the total equity and the number of contracts each time the latter change, for example, or similar.
So far I only got a txt file with just one line of text !!! But I am pretty sure it can be done, at least, I hope so !

Derrick1983 · Jan 28, 2009

Quote from Murray Ruggiero:

Yes we also have realistic limit orders , where to get filled prices must trade 1 tick past the limit.

In addition all of our stock stuff allows you to trade and see entry at real prices not just split adjusted, you can also apply real money management when you don't buy the same dollar value of each stock , that not valid using split adjusted data only.
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Thanks for the reply. Murray

So, is this is another case of money management application?

JaiSreeram · Jan 28, 2009

Quote from JaiSreeram:

Thanks Gyles for the informative and well explained report.

However, I have a few questions, as follows:

Suppose we use the same set of parameters, same maxbars, but with different ranges of time period, how should we read the results?

Do we take a long period of time, to remove all bias? Since, economic conditions of the world keep changing, so the way and reasons of the stock market is bound to vary, so how can be sure of the correct analysis?

Moreover, how do we consider parameters, maxbars, and date period, as when I run with different sets, results are bound to differ, so how to be sure of which one is accurate and reliable?

If anyone of you has ever tried out different combinations, please clarify the above, thanks!
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Quote from Murray Ruggiero:

Please explain how you are using different ranges of dates ?.

You are looking for consistant results over time. You can adjust for volatility when evaluating if you are consistant.

I like testing systems as far back as possible and if they did not work before a given period that is ok as long as you can find a reason. One example is a bond system which started working in 1988 because that when they change the open time so bonds open before major reports are released.

You can never be sure your analysis is 100% correct, just if the system is based on a vaild premise that the best assurance you can have. Evaluating a system is like a civil trial not a criminal one.
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Quote from JaiSreeram:

Thanks, Murray for the answer. Regarding the question "Please explain how you are using different ranges of dates ?."
Please explain what you mean by valid premise ?
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Please may I have the answer? Thanks!

JaiSreeram · Jan 28, 2009

Quote from samuel_weber_74:

Thanks Gyles and Murray,

for JaiSreeram: if the issue is to buy or not to buy TradersStudio, the answer is that there is no doubt it is a very good software. Better than Trade Station. More complex and more versatile.

Sincerely, I wish I had it when I began trading 20 years ago ! I own it since the very last days of december and it has already produced extremely interesting results for my future trading. And the genetic optimizer is a very useful tool and an extremely good idea, too. I would dare to say it is the best software currently available.

Anyway, with the same degree of sincerity, I must also say that I am increasingly getting disappointed and frustrated by the online basic language help. The paper manuals are much better but they do not go much into the advanced territory.

The "customs reports and advanced fun" and the "processor API reference" sections explain very little ...... most of the time I stare at the screen trying to guess what most of those objects and properties return ..... because this is what I need to know, not only their syntax !

I find things similar to "it returns the report" ( in what way ? what data I get ? etc ) or "this allows you to access the global memory with its cells and rows", I suppose I should be informed what I can do with it, with these cells and rows ! And so on for most of those 2 sections !! I apologize if some of the sentences quoted are perhaps different from the original but I am going with the only help of my memory now. Once again, I ( we ) need to know precisely what each of those reserved words returns ! Murray, I apologize if today I sound frustrated and so on but it is really my current mood. Why do you not produce a ( paper ) reference guide covering IN DETAIL those 2 sections ? I am not trying to "dictate" what you must do, of course, just politely asking ! I would be well willing to pay to put my hands on it ! And since you said your staff is currently working on a new documentation, I thought today was a good opportunity to express my ( humble ) opinion. By luck I am learning something more perusing the built in scripts, otherwise I could use little more than the basic features described in the paper manuals.

I feel like someone who was presented with a Ferrari but was not taught how to drive it !
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Thanks for the encouraging answer regarding TradersStudio, I agree with you.

Thanks for the tips for making it all the more better. I can assure you that your requirement of having a better documentation shall be fulfilled. I can say this for sure as I have seen that whatever requirements if found feasible and agreeable were definitely incorporated into TradersStudio. Therefore, am sure that something shall be done to bring out better help, documentation etc.

abarker · Jan 28, 2009

I would like to test some intra day trading strategies using Traders Studio. Has anyone had previous experience in doing this.

I have tried a sample file from "Tick Data" (a supplier of intra day data) and tried to convert it to ASCI but Traders Studio does not recognise it.

I am interested in data for the Currency Futures contracts and S&P500 E Mini Contract and also the SPI (Australian index futures contract)

Does anyone know of reasonably priced options for this data and does Traders Studio operate in a similar manner when using this data compared to EOD.

Thanks.

Andrew

abarker · Jan 28, 2009

Hi Murray,

Thanks once again for your reply and the information you have given me.

In your reply you quote..."I would of finish the logic for you but , your rules confused me. Entering on a stop below, means your going short not long, these rules look like long rules"...unquote.

Sorry if I was not specific enough. What I meant was that I would enter the trade long (at market or at one tick above the signal bar) and that I THEN place a stop below as a stop loss. I did not mean that I would ENTER on the stop below but ENTER long and then place a stop below (as a stop loss).

Sorry about the confusion.

Thanks again,

Andrew.

Synonym · Jan 29, 2009

HI All
a quick question for all of you TStudio users who use the coding/translation wizard. I'm very poor at programming and don't want to spend teh time learning to be a coding whizz. Can anyone advise on teh following 2 points -

1) Does the coding wizard/translator make it easy for someone like myself (no experience in coding) to test and develop my own strategies?

2) Does the translator in TS which changes EasyLang ino TStudio Basic, also work the other way around, i.e. convert TS Basic into Easy Lang?

Thanks in advance for any advice people can give me.

Cheers
Syn

samuel_weber_74 · Jan 29, 2009

the translator and the code wizard are 2 different things. The translator translates from easy language to tradersstudio basic ( and it is included in the software ), the code wizard helps to write traderstudio code from scratch ( and it is a paid for addin ).
I think they are both very useful and the second has a very low price. I bought it.

For Jaisreeram. I really HOPE the documentation will be improved. The software is complex and it needs an EXTENSIVE documentation. Frankly speaking, instead of producing new releases of TradersStudio, they should work ONLY on writing a new, "massive" documentation because it is the only weakness of this software but a big one ! We will see if you are right, I hope so, nothing would make me more happy .... but I have a kind of worry running along the spine .... there are so many different areas to cover in detail ....

Tums · Jan 29, 2009

have you tried any of these codes?
EasyLanguage Treasure Chest
http://www.elitetrader.com/vb/showthread.php?s=&threadid=146049&perpage=40&pagenumber=1

do they require much modification to run in TraderStudio?