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TradeStation EasyLanguage for Algorithmic Trading

TradeStation EasyLanguage for Algorithmic Trading

By : Domenico D'Errico
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TradeStation EasyLanguage for Algorithmic Trading

TradeStation EasyLanguage for Algorithmic Trading

3 (2)
By: Domenico D'Errico

Overview of this book

With AI revolutionizing financial markets, every trader will soon get easy access to AI models through free Python libraries and datasets, with all of them making the same trades! This behavior will modify prices and trading volumes, potentially altering future datasets, leading to major corporations investing heavily in technology, big data, and expert teams. However, individual traders need not be intimidated because this dynamic has been seen before whenever new technologies have entered the trading market. Written by a quantitative algorithmic trading developer with over 15 years of experience in the finance industry, this book will ground you by taking a rational approach to algorithmic trading, where EasyLanguage, datasets, charts, and AI are tools for your journey toward mastering the markets. Your unique human intelligence remains invaluable in navigating and understanding market complexities as you explore the realm of institutional insights, satisfying your hunger to learn real-world algorithmic trading applications from the institutional perspective. By the end of this book, you’ll be able to confidently apply TradeStation EasyLanguage to algorithmic trading, integrate machine learning to refine your strategies, and craft a personalized approach to confidently navigate the financial markets.
Table of Contents (13 chapters)
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Identifying a trend algorithmically

Many traders like to categorize the market cycles into four distinct phases (Figure 3.4), such as the following:

  • Accumulation: Institutional investors quietly build positions, laying the foundation for the next uptrend
  • Uptrend: Market sentiment is bullish as prices consistently rise, driven by increasing demand and positive investor sentiment
  • Distribution: Institutional investors start to unwind positions, signaling the potential end of the uptrend as supply begins to surpass demand
  • Downtrend: Market sentiment turns bearish as prices steadily decline, driven by increasing supply and waning investor confidence

We can see the four phases illustrated in the following figure:

Figure 3.4 - Market phases

Figure 3.4 - Market phases

As you can see in Figure 3.4, during the uptrend and downtrend phases, the price moves directionally and the volatility increases. On the contrary, in the accumulation and distribution phases, the...

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