Here we select the Moving Cross entry strategies. Trade Entry Criteria For Your Trading System You can learn more about each by pressing the Definition button in the Insert Strategies window, which will open the TradeStation Help description of how the strategy works and what all the inputs represent. Fading entries (mostly oscillator based).Having selected the basic exit strategy, we next focus on the entries. Note that this strategy element is very flexible as it also allows you to use break-even and simple trailing stops.ĭecide On Trade Entry Criteria For Your Trading System If the first input is set to 1 then all the subsequent inputs apply to a single share or contract, and in the defaults it tells TradeStation to exit trades when either $5 per share in profit or $1 per share in loss is reached. Highlight C shows the inputs for this strategy. This strategy issues sell and cover orders to exit trades. We’ll start out by adding the _Stops & Targets strategy to our chart. You can sort on these columns to help in your search. The columns indicate the type of strategy element: buy for a long entry, sell for a long exit, short for a short entry, and cover for a short exit. Every line in this window represents a different strategy element, either an entry strategy or an exit strategy, for either longs or shorts. This opens the Insert Strategies window, shown in B. To begin the process insert a strategy as highlighted in A above. Adding Automated Trading Strategy Elements In this case we’re using a daily chart of Apple Computer stock (AAPL) for our testing. This image shows how to add the strategy elements to a chart. In this article we’ll show you how to put together a simple system using these Tradestation tools.Īdding Automated Trading Strategy Elements If you use TradeStation you can create a custom strategy using a slew of built in strategies and trading indicators that you can mix and match. You don’t have to be a programmer to build your own automated trading strategy.

Tradestation 9.5 custom session