Strategy Automation

JAM has extensive experience of taking trading systems through their full life-cycle; from ideas, to coding, to analysis, to forward testing, to live trading.

 

If you wish to discuss your trading systems then please Contact Me.

 

Trading Systems Development

  • Development of strategies based on standard indicators, through price based filters, through to strategies based on ‘discretionary’ buying and selling methods.
  • Development of strategies that work on single symbols through to strategies that use multiple symbols and timeframes.
  • Using the JAM Higher Timeframe Pack you can work around the limitations using TradeStation with native multiple timeframes. i.e. using multiple datastreams on a chart means your Strategy can only trade end of bar.  Using the JAM Higher Timeframe pack you get the addition of multiple timeframes and are still able to trade tick-by-tick.
  • Working with third-parties to integrate their products into TradeStation.  JAM has worked with experts in Artificial Intelligence to send their signals direct to a Strategy.
  • Bring additional trading data or trading signals into TradeStation by reading text files or global variables.  Send data out of TradeStation for further analysis.
  • Working with multiple charts, feeding multiple data into a single ‘master’ trading chart.
  • Tuning the speed at which Strategies run to speed up your optimizations.  Even small increases in speed can make a huge difference to your time when the Strategy is optimized thousands of times.

 

Strategies vs. Auto-Traders

  • A Strategy (with a capital ‘S’) is the basic way of doing automated trading in TradeStation.  It provides a simple way of sending trade signals to TradeStation’s servers, and onto the Exchanges.  However, in live trading Strategies have many limitations and some traders find they need to take their systems to the next level.  This is where Auto-Traders come in.
     
    • Strategy
      • Can be used for historical backtesting and optimization
      • Relatively simple to code, and hence relatively inexpensive
      • Low tolerance to failures in live trading e.g. rejected orders or Internet outages will cause the Strategy to fail
      • Unable to correctly handle some order types in live trading e.g. limit orders
      • Can only run on one symbol at a time
      • Can only run on a Chart
      • Signals can be redirected to third-party brokers
    • Auto-Trader
      • Live trading only.  No historical backtesting
      • Complex and expensive compared to Strategies
      • High tolerance to failures.  Can be programmed to recover from virtually any situation (even from bugs in TradeStation itself!)
      • A single Auto-Trader can manage multiple symbols, in multiple trading accounts.  Can do pairs trading
      • Can run in RadarScreen
      • Can only be used with the TradeStation brokerage

If you’re starting with a new trading idea then you will want to use a Strategy because it is quick to develop and can be used for backtesting. When you first go live it will probably be with a Strategy to make sure your ideas translate from testing to live trading. When trading live you may find that the Strategy fails too often for your liking, or that it isn’t correctly taking the trades that are being signaled, and can generally not be trusted to do automated trading. In this case you will want to consider an Auto-Trader.
 
 
Combining Discretionary and Auto Trading

  • Automated and discretionary trading can be combined in many ways.  For instance you might have an automated system to enter a trade and set a stop, but then you might want to manually alter that stop as the trade develops.  Or you might want to enter manually, but have the exits automated.
  • There are many ways of achieving this, from using manual trendlines to tell TradeStation where to place a fixed stop, to more advanced systems such as JAM’s Advanced Auto-Trader tools.

 

If you wish to discuss your trading systems then please Contact Me.

DISCLAIMERS:

Neither TradeStation Technologies nor any of its affiliates has reviewed, certified, endorsed, approved, disapproved or recommended, and neither does or will review, certify, endorse, approve, disapprove or recommend, any trading software tool that is designed to be compatible with the TradeStation Open Platform.

 

NOTHING ON THIS WEB SITE IS AN OFFER OR SOLICITATION OF SECURITIES OR INVESTMENT PRODUCTS OR SERVICES IN ANY JURISDICTION WHERE THEIR OFFER OR SALE OR PERFORMANCE IS NOT QUALIFIED OR EXEMPT FROM REGISTRATION.

 

Futures, stocks, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, stocks, and forex markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, stocks or forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Past performance of indicators or methodology are not necessarily indicative of future results.

 

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.