Just Signed up for TradeStation - Now Found this site

[waldom]

Hello all,

I just signed up for TradeStation account, and assuming I get accepted for it I will be up and trading soon. I was excited to find the platform because I have been using Scottrade and this seems just so much more powerful and helpful.

However, after finding this site I am completely overwhelmed and lost. I would like to set up a strategy that automates trades for me on Tradestation and continually gives me gains. Is this even possible like they make it seem like on their website.

Just by browsing this forum it seems that TheRumpledOne is some sort of Easy Language Genius. What is the difference between an indicator and a strategy? Are people able to use his Easy Language programs for setting aoutomated trade strategies? If so how does one download and install them?

I would like to come up with one or two consistently successful automated strategies for SwingTrading.

The wealth of information is unbelievable and I don't know where to start. Is there like one major Easy Language program that The Rumpled One wrote that is the god of all strategies?

As you can see my knowledge is very very limited. I don't even have the platform yet, so that doesn't help, but I am trying to see what I got myself into.

Any advice or thoughts would be nice. Just keep it as simple as possible.

Thanks,

Waldom

[jhtumblin]

Buy at the bottom, sell at the top is the best strategy I know...

But more seriously, welcome to the forum, this is not a place you will find a strategy you can set on make money mode and then take off for the South Pacific. I doubt you will find any place like that. However if you desire to further your trading knowledge, and continually learn and refine your own methods, this is a good group to get to know.

[TheRumpledOne]

Waldom:

Welcome aboard the Pirate Ship Kreslik.

Indicators are programs that plot lines, dots, etc, on the chart.

Strategies are programs that run and can enter/exit trades automatically.

For the record, I do NOT post auto strategies because if you do something wrong, the computer can lose your money even quicker than you can...lol

If you are a swing trader for stocks, look at the BLACK BELT TRADING STRATEGY. For Forex, look at the $TRILLION STRATEGY.

Feel free to ask questions.

[waldom]

Waldom:

Welcome aboard the Pirate Ship Kreslik.

Indicators are programs that plot lines, dots, etc, on the chart.

Strategies are programs that run and can enter/exit trades automatically.

For the record, I do NOT post auto strategies because if you do something wrong, the computer can lose your money even quicker than you can...lol

If you are a swing trader for stocks, look at the BLACK BELT TRADING STRATEGY. For Forex, look at the $TRILLION STRATEGY.

Feel free to ask questions.

Thanks so much. In about 24 hours I have learned a ridiculous amount. I am salivating over the forex. I purchased and read a couple of books last night.

So my question is this. What trading platform do you guys recommend for the Forex. I opened a practice account at the Forex.com.

Do you guys think it would be wise to open a live account with them. I also applied to TradeStation and I know they do Forex too. I also hear that eSignal is good for Forex.

What do you guys think would be the best Platform for the Forex. Oh and The Rumpled One, thanks for being amazing.

Is $Trillions a strategy or an indicator? If it is a strategy do you recomend automatic trading with it, or manual? I still have a lot to learn, bu thanks!

Waldom

[TheRumpledOne]

www.efxgroup.com is who I use for forex trading.

I would NOT use any broker that has FIXED SPREADS because there are no fixed spreads in forex.

There is a $TRILLION indicator and there is a $TRILLION strategy.

I recommend MANUAL TRADING.

[Ken_S]

Avery,
I did a search for the black belt trading strategy but found nothing on kreslik.com. Where can I learn more about it?
Thanks in advance,
Ken

[Patch]

Hi Waldom

Harty Welcome to the best forum on the web for Forex and trading !!!

I suggest if you are not a programmer, go with TS and don't look back. Reason number one through one-hundred, TRO codes everything in TradeStation's so called easy language, first and formost. Don't reinvent the wheel, don't get involved in the whole TS mess. Trade. Use small lots. Let your account survive many drawdowns, so you can survive and trade many loosing days if necessary. Trade to survive first, make profits second. Brokers make money each time you trade.

Patch
In VA

[barl0w]

Nice reply Patch. Thanks for the advice. I needed that too.

Scott