• Frequently Asked Questions (FAQ)
• Tips and Techniques (TnT)
• Frequently Asked Questions (FAQ)
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Frequently Asked Questions (FAQ)

EasyLanguage

Q1) Using EasyLanguage, I'd like to instruct my system to close all trades at the end of each day. Anyone know the sytax for doing this?

A1) The other answers I have seen are accurate, they are not totally generic. By using the "Sess1EndTime" function my version is independent of time zone and bar interval settings.

if  (Time = @Sess1EndTime)  then begin
  if  (@MarketPosition  > 00)
    then  ExitLong  ("lx.EOD") on the close ; { long exit }
  if  (@MarketPosition <  00)
    then  ExitShort ("sx.EOD") on the close ; { Short Exit }
end ; { last bar of data only }
  

EasyLanguage code for TS6. The "this bar" or "next bar" though totally redundant (because you can not pick which you want for an order type) to EasyLanguage is required. Notice that "ExitLong" is replaced with "Sell" and "ExitLong" is replaced with "Buy to Cover".

if  (Time = @Sess1EndTime)  then begin
  if  (@MarketPosition  > 00)
    then  Sell         ("lx.EOD") this bar on close ; { long exit }
  if  (@MarketPosition <  00)
    then  Buy to Cover ("sx.EOD") this bar on close ; { Short Exit }
end ; { last bar of data only }
  

Extracted from Omega Kowledge base :

I have Strategies from TradeStation 2000i that do not work correctly after conversion to TradeStation 6. How do I resolve this issue?

Modifications to EasyLanguage integrated into the initial release of TradeStation 6 resulted in a failure of some Strategies to generate orders after conversion from TradeStation Pro. Only Strategies from TradeStation 2000i converted for use in TradeStation Pro, and then converted into TradeStation 6 have been known to encounter in this issue. Strategies that do not properly generate orders must be edited in order to comply with the EasyLanguage modifications. The following modifications relating to this issue have been integrated into EasyLanguage:

New Reserved Words

Buy - No change from previous version
Sell Short - Replaces Sell to create a short position
Sell - Replaces ExitLong to close all or part of a long position
Buy to Cover - Replaces ExitShort to close all or part of a short position

Additional Change

All orders must now be followed by "this bar" or "next bar".
For example:

Buy to Cover ("Profit") 10 contracts next bar at MidPrice stop;
"this bar" or "next bar" must be included in the statement in order for the Strategy to generate orders.

Transfer, or Import/Export, EasyLanguage modules

Q1) Thanks for the great commentary on the o-list [Omega-List@eskimo.com] today. Is sp6 [TS6] not able to read ELA or ELS?

A1) TS6 can read ELS (and think ELA, don't have it open ATM) files but it can only write to ELD format. So you can do your work in 20001 (and presumably TS4) and go up, but if you create code in TS6 you have to resort to the good old "Cut and Paste" method to get it back out...

Q2) Can studies be imported from previous versions of TradeStation products?

A2) Yes, studies, signals and strategies exported to ELA (TradeStation 4.0) or ELS (EasyLanguage PowerEditor 2000i) formats can be imported into the TradeStation software from the "File" - "Import/Export EasyLanguage" menu.

Q3) How do I transfer EasyLanguage files from previous versions of TradeStation?

A3) After you have exported your previous EasyLanguage files to ELA or ELS format files using your previous version of the software, use the "File" - "Import/Export EasyLanguage" menu in TradeStation 6 to start the "EasyLanguage Import Wizard". Follow the prompts to import the ELA or ELS file(s).

Q4) How do I import EasyLanguage studies (ELD, ELS, or ELA files) into TradeStation?

A4) Use these steps to import EasyLanguage studies into TradeStation 6:

Select the "File" - "Import/Export EasyLanguage" menu.
Verify that the "Import EasyLanguage file (ELD, ELS, or ELA)" selection is highlighted and click the [Next] button.
Enter the path and filename for the file you would like to import, or use the [Browse] or [Scan] options to search for files.
Once you have selected the desired file, click [Next] to continue.
Uncheck any types of studies that you do not wish to import and click [Next].
Uncheck any of the specific studies that you do not wish to import and click [Finish].
Click [OK] once the import is complete.
You will now be able to access the imported studies in the same manner as other installed studies.

Third-Party Sources of Data

Maintaining your collected data

Import data to, or Export data from, your Symbol Portfolio

The Omega-List@Eskimo.com

One of the services Vista-Research provides is directing you to good sources of information. A number of Omega (TradeStation) clients have banded together to provide a source for self-help. This is a FREE service. The Omega-List is a Mail List from which you can receive messages individually or in Digest format.

Click here to view the info on line or download a Micro$oft Word DOC file explaining how to subscrbe (at no cost) to the list.

Trading Related Clubs and Groups

Yahoo Group "Ask Mr. EasyLanguage" (MrEasyLanguage)
Category: Business & Finance > Financial Professionals > Traders
TradeStation allows users to build their own studies (Indicator, PaintBar and ShowMe) and trading systems using a simple but powerful language called EasyLanguage. Once a system is created you can back test the system, and TradeStation will tell you exactly how much money you would have made or lost, had you placed actual trades using that system. "Ask Mr. EasyLangauge", published by Traders Press, is the definitive book on for anyone needing to learn Omega Research's EasyLanguage.

Yahoo Club "EasyLanguage"
Category: Software
Discuss EasyLanguage for TradeStation Users,

A note from one of the Clubs:

Please don't rag on Sam. This board was dead until he started posting and more good information has crossed the board since than had crossed for several months prior. Thanks Sam. Keep posting.

Help on Yahoo! Groups

User-Groups

Chicago, IL

We meet every first Saturday of every month. We would love to have the opportunity to have you address the group. Keep us in mind on your next trip to the Windy City. Last meeting over 100 persons.
Best Regards,
William Gallwas

The San Jose, CA area TradeStation Group meets the second Saturday of every month at the Campbell City Library.