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Building Winning Trading Systems with TradeStation®, + Website, 2nd Edition

Book Description

The updated edition of the guide to building trading systems that can keep pace with the market

The stock market is constantly evolving, and coupled with the new global economic landscape, traders need to radically rethink the way they do business at home and abroad. Enter Building Winning Trading Systems, Second Edition, the all-new incarnation of the established text on getting the most out of the trading world. With technology now a pervasive element of every aspect of trading, the issue has become how to create a new system that meets the demands of the altered financial climate, and how to make it work.

Giving voice to the question on every trader and investor's lips, the book asks, "How can we build a trading system that will be paramount for our increasingly stressed markets?" The answer? Establish mechanical trading systems that remove human emotion from the equation and form the cornerstone of a complete trading plan and with greater agility, characteristics that are more important than ever given the kinetic pace of the markets.

  • Presents an all-new strategy for trading systems that will show traders how to create systems that will work in the twenty first century

  • Expert advice from highly respected trading authority, George Pruitt

  • Includes a new website featuring updated TradeStation code and shows how to use the world's best investment software platform to develop and utilize trading systems that really work

Once again paving the way for traders who want to adapt to their environment, Building Winning Trading Systems, Second Edition combines expertise in indicator design and system building in one indispensable volume.

Table of Contents

  1. Cover
  2. Series
  3. Title Page
  4. Copyright
  5. Dedication
  6. Foreword
  7. Preface
  8. Acknowledgments
  9. Chapter 1: Fundamentals—What Is EasyLanguage?
    1. VARIABLES AND DATA TYPES
    2. OPERATORS AND EXPRESSIONS
    3. TRADESTATION 2000I VS TRADESTATION 9.0
    4. CONCLUSIONS
  10. Chapter 2: EasyLanguage Program Structure
    1. STRUCTURED PROGRAMMING
    2. PROGRAM HEADER
    3. CALCULATION MODULE: MYRSISYSTEM
    4. CONCLUSIONS
  11. Chapter 3: Program Control Structures
    1. CONDITIONAL BRANCHING WITH IF-THEN
    2. CONDITIONAL BRANCHING WITH IF-THEN-ELSE
    3. REPETITIVE CONTROL STRUCTURES
    4. CONCLUSIONS
  12. Chapter 4: TradeStation Analysis Techniques
    1. INDICATORS
    2. PAINTBAR AND SHOWME STUDIES
    3. FUNCTIONS
    4. STRATEGIES
    5. CONCLUSIONS
  13. Chapter 5: Measuring Trading System Performance and System Optimization
    1. TRADESTATION'S SUMMARY REPORT
    2. TRADE ANALYSIS
    3. OPTIMIZATION OLD SCHOOL STYLE
    4. CONCLUSIONS
  14. Chapter 6: Trading Strategies That Work (or the Big Damn Chapter on Trading Strategies)
    1. THE KING KELTNER TRADING STRATEGY
    2. THE BOLLINGER BANDIT TRADING STRATEGY
    3. THE THERMOSTAT TRADING STRATEGY
    4. THE DYNAMIC BREAK OUT II STRATEGY
    5. THE SUPER COMBO DAY TRADING STRATEGY
    6. THE GHOST TRADER TRADING STRATEGY
    7. THE MONEY MANAGER TRADING STRATEGY
    8. BONUS TRADING STRATEGIES
    9. CONCLUSIONS
  15. Chapter 7: Debugging and Output
    1. LOGICAL VERSUS SYNTAX ERRORS
    2. DEBUGGING WITH THE PRINT STATEMENT AND THE PRINT LOG
    3. DEBUGGING WITH THE BUILT-IN DEBUGGER
    4. TABLE CREATOR
    5. CONCLUSIONS
  16. Chapter 8: TradeStation as a Research Tool
    1. COMMITMENT OF TRADERS REPORT
    2. CONCLUSIONS
  17. Chapter 9: Using TradeStation's Percent Change Charts to Track Relative Performance
    1. WORKING WITH PERCENT CHANGE CHARTS
    2. CONCLUSIONS
  18. Chapter 10: Options: Introduction and Strategies
    1. PART A: GETTING STARTED WITH OPTIONS TRADING
    2. PART B: REAL-LIFE OPTIONS STRATEGIES AND TRADES
    3. CONCLUSIONS
  19. Chapter 11: Interviews with Developers
  20. Appendix A: TradeStation 2000i Source Code of Select Programs
    1. BOLLINGER BANDIT
    2. DYNAMIC BREAK OUT II BY GEORGE PRUITT
    3. DBS II FADE BY GEORGE PRUITT
    4. KING KELTNER PROGRAM BY GEORGE PRUITT
    5. MYADXSYS
    6. MYMOMRSI
    7. MYMOVAVGSYS
    8. MYTRAILPRCNTSTOP
    9. SEASONAL SOYBEAN
    10. SUPER COMBO BY GEORGE PRUITT
    11. THERMOSTAT BY GEORGE PRUITT
    12. THE GHOST TRADER BY GEORGE PRUITT
    13. THE MONEY MANAGER BY GEORGE PRUITT
  21. Appendix B: Reserved Words Quick Reference
  22. About the Website
  23. Index