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For the novice to intermediate users of Tradestation, attached is a copy of
a system recently posted, which has been modified to just show current
trading candidates (by including an input parameter of the first date to
find trades for; i.e. system will NOT show trades that qualify for the
system before the specified input date).
System also modified to only include symbols having average daily volume >
125K shares.
In order to let Tradestation scan the market for new trading symbols, do
the following:
1) Create a new workspace
by selecting from the menu,
File->New
Click the workspace tab, then click the 'Blank Workspace' icon
2) Add a single chart to the workspace.
Use any symbol, and only specify only 500 days worth of bars to display.
The more bars you specify, the longer it will take to scan all of the
symbols in your Globalserver portfolio.
3) Compile the attached signal in the Easylangage PowerEditor, then
create a trading strategy by selecting from the menu,
Go->Tradestation Strategy Builder...
then click the 'New' button, name the strategy 'TFS',
include the TFS signal to the strategy by clicking the
'Add' button then select the 'TFS' signal from the list.
4) Add the system to your chart by selecting from the menu,
Insert->Strategy...
then pick the TFS strategy from the list
then click the Ok button
5) Add a workspace assistant to your workspace by:
from the menu, select
File->New...
then click the Tracking Center icon
then click the Ok button
then from the menu, select
View->Workspace Assistant's Results
6) Save the workspace by selecting from the menu,
File->Save Workspace
then specify the name 'scan' to the workspace
7) Schedule the scanning by selecting from the menu
File->Schedule Workspace Assistant
Click the add button to add a workspace, specify the name of your newly
created
workspace 'scan'
8) Only check the box for 'GlobalServer Portfolio' for the 'Scan all price
data in'
checkbox.
9) Only check the box for 'Strategy Positions and Orders' for the 'Scan for'
checkbox.
10) Click the Ok button.
11) From the menu select,
File->Run Workspace Assistant Now...
then click the Ok button and the scanning will begin.
When the scan is complete, I recommend you look over each symbol
individually (view charts) to further qualify & research (understand their
businesses, earnings, industry, and taking into consideration the valuation
of the general market).
Happy Hunting,
James
{ *******************************************************************
Indicator : TFS (Trend Following System)
Last Edit : 7/2/2000
Provided By : James Taylor, Principal
TechTrading Corp.
www.techtrading.com
Description :
Variation of the function from the June 200 edition of S&C Magazine,
Bryan Strain, Author.
Input Variable: TradeDate -- the first date the system will start
scanning for trades.
To find new trades, fill-in the last
trading date in the TradeDate field.
For example: July 3rd = 1000703
June 1st = 1000601
********************************************************************}
Input: TradeDate(1000703);
Vars: VolOsc(0);
If Close > Open then
VolOsc = Volume;
If Close < Open then
VolOsc = - Volume;
{---------------------------------------------------------------------}
{ New Long Signals and Exiting of Shorts }
{---------------------------------------------------------------------}
If Close > ((Highest(High, 50) + Lowest(Low, 50)) / 2) and
Average(VolOsc, 7) > 0 and
Date >= TradeDate and
Average(Volume, 10) >= 125000 then
Buy;
If Close Crosses Below ((Highest(High, 50) + Lowest(Low, 50)) / 2) and
MarketPosition = 1 and
Date >= TradeDate then
ExitLong;
{---------------------------------------------------------------------}
{ Short Selling Signals and Exiting of Longs }
{---------------------------------------------------------------------}
If Close < ((Highest(High, 50) + Lowest(Low, 50)) / 2) AND
Average(VolOsc, 7) < 0 and
Date >= TradeDate and
Average(Volume, 10) >= 125000 then
Sell;
If Close Crosses Above ((Highest(High, 50) + Lowest(Low, 50)) / 2) and
MarketPosition = -1 and
Date >= TradeDate then
ExitShort;
Attachment Converted: "f:\eudora\attach\TFS21.ELA"
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