Learn EasyLanguage in 24 Hours PLUS Monte Carlo and Start Trade Drawdown Analysis VBA Excel Combo
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Futures Truth Trading Tool and E-Book
Honestly, you can do it. You pay for TradeStation why not learn how to use one of its most powerful features? EasyLanguage is easy if you know how to get things started. This tutorial gets you started with five sub-tutorials: Donchian (2), Keltner, Bollinger and Day-Trading. Each tutorial starts with a blank slate and shows exactly what to type into your TradeStation Development Environment (editor). Each line of code is fully explained; why you need it and what is its purpose. This first four tutorials are designed for beginners and the last tutorial on Day-Trading is designed for both beginners and somewhat experienced EasyLanguage users.
Monte Carlo Trading Tool
The key to this form of simulation can be found in random numbers. Once you develop what you consider a good trading algorithm and test it against historical data you then can put it to the test by using random numbers and the historical trade history.
This trade history that is generated by testing your algorithm represents just one path your system travelled. What if you could create many paths by jumbling the order of the trades that your algorithm generated. These different paths could represent alternate universes. Let’s say that your algorithm got lucky and had a bunch of winning trades in a row. This streak might be the portion of the equity curve that pulled the system out of mediocre status. If these trades didn’t exist or hadn’t fallen in place like they did, then the equity curve might look quite a bit different. A robust trading system should still produce robust performance metrics even when the trades are jumbled, some eliminated and some duplicated. If a clear majority of alternate paths of an algorithm fail to produce good metrics, then the algorithm should be considered suspect.
Start Trade Drawdown Analysis and VBA Excel Trading Tool
Maximum Drawdown is the most often viewed performance metric when determining trading system/plan capitalization. With Start Trade Draw Down Analysis you can determine a more appropriate allocation based on probabilities. Along with a short white paper an Excel based VBA program is included so that you can calculate the Cumulative Distribution Function of your own trading system or plan.