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TradeStation EasyLanguage for Algorithmic Trading

You're reading from   TradeStation EasyLanguage for Algorithmic Trading Discover real-world institutional applications of Equities, Futures, and Forex markets

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Product type Paperback
Published in Sep 2024
Publisher Packt
ISBN-13 9781835881200
Length 282 pages
Edition 1st Edition
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Author (1):
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Domenico D'Errico Domenico D'Errico
Author Profile Icon Domenico D'Errico
Domenico D'Errico
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Table of Contents (13) Chapters Close

Preface 1. Chapter 1: Introduction to Algorithmic Trading and the TradeStation Platform FREE CHAPTER 2. Chapter 2: Getting Hands-On with EasyLanguage 3. Chapter 3: Writing a Trend Strategy 4. Chapter 4: Strategy Backtesting and Validation 5. Chapter 5: Reversal Strategies 6. Chapter 6: Trend Pullback Strategies 7. Chapter 7: Risk Management 8. Chapter 8: Futures and Forex Algorithmic Trading 9. Chapter 9: The Trading Operational Plan 10. Chapter 10: EasyLanguage in AI – Bridging Traditional Trading and Advanced Analytics 11. Chapter 11: EasyLanguage for Machine Learning 12. Index

Embedding AI predictions into EasyLanguage indicators

To embed the Volatility_Predictions function into an EasyLanguage indicator, we can write the following:

var:color(0);
if Volatility_Predictions=0 then color=yellow;
if Volatility_Predictions=1 then color=red;
if Volatility_Predictions=2 then color=darkred;
if Volatility_Predictions=3 then color=darkgreen;
if Volatility_Predictions=4 then color=green;
plot1(Volatility_Predictions,"Volty_pred",color)

The Volatility_Predictions command calls the EasyLanguage function created by importing the Python .txt file. The plot1(Volatility_Predictions,"Volty_pred",color) command will plot the volatility predictions class in a TradeStation subchart, giving each class a different color, as in Figure 10.5:

Figure 10.5 – Volatility_Predictions indicator

Figure 10.5 – Volatility_Predictions indicator

In Figure 10.5, you can see the volatility predictions class day by day on a 60-minute gold futures chart. As we learned in the previous...

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