TradeStation Users Do 3 Months of Strategy Testing In Minutes
New product allows TradeStation users to investigate trading ideas without programming
Houston, TX – September 17, 2010 – CustomizedTrading.com, a third-party developer of trading systems for the TradeStation platform, announced today the release of the Strategy Testing Tool for TradeStation users.
With both discretionary and automated traders in mind, CustomizedTrading has developed a way for TradeStation users to quickly and accurately test their trading ideas and eliminate the need to know Easy Language, the programming language used by TradeStation.
“We’ve seen many traders spend time and money developing strategies that just don’t work,” said Mark Johnson, Managing Director at CustomizedTrading. “We developed this tool to save development time and give the trader immediate feedback on whether the trading idea they have is a viable strategy or not.”
The Strategy Testing Tool appeals to both novice and sophisticated traders. “More and more of our clients are victims of corporate downsizing. These traders have always been interested in trading, but haven’t jumped in before due to time constraints,” said Mr. Johnson. “They come from a variety of backgrounds with varying levels of trading experience, but they all need to create a viable income. Rather than trading with vague ideas or strategies that don’t work, the Strategy Testing Tool allows them to quickly and easily massage their ideas into a workable set of trading rules without having to program them.”
In the past, traders have spent weeks of manually testing ideas with spreadsheets and charts. Often, weeks turn to months of paper trading as they work to develop their strategies.
Dr. Michael Miller, a 20 year trading veteran has turned from manual strategy testing to using the CustomizedTrading Strategy Testing Tool. According to Dr. Miller, “Any trading strategy must start out with a trading idea. The first question to answer about your trading idea is ‘did it work on the past data’. This can be a laborious process if attempted via some manual methods, like ‘eyeballing the chart’ to determine profitability.”
Using the Strategy Testing Tool, traders on the TradeStation platform can accurately test their trading ideas in about 15 minutes.
“It is simple to use,” said Dr. Miller, “I just place a text character “L” for Long, “S” for short, and “F” for Flat and let the Strategy Testing Tool do all the work for me. Now I can see the trades my trading idea would generate and have access to a performance report on the results. This tool is invaluable for the serious trader. Clearly, the Strategy Testing Tool by CustomizedTrading is one of the most versatile and useful tools available for TradeStation users.”
Many traders use discretionary entries, but lack a viable way to back-test their discretionary trading rules. The Strategy Testing Tool for TradeStation traders provides an easy solution. Using this tool a trader can quickly strategy test any trading idea on any time frame based chart plus walk through multiple stages of testing and development, all without doing any EasyLanguage programming. The Strategy Testing Tool is immediately available from CustomizedTrading.com.
For more information, visit: http://www.customizedtrading.com/TradeStation_Add_Ons/TradeStation_Backtesting_Strategy
Built on core trading concepts, CustomizedTrading offers sophisticated trading systems, strategies, and add-ons for the TradeStation platform. Our goal is to support the TradeStation Trader to continually develop their trading expertise to achieve consistent profitability. For more information visit: http://www.CustomizedTrading.com
- Contact Information
- Mark David Johnson
- Managing Director
- Contact via E-mail
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