TradersStudio Thread

Quote from SuperCruz:

A good idea, Samuel_weber74 :)

In fact, I have noticed that people who have bought TradersStudio seem to be happy and are ready to help each other. Moreover, I had a similar one and having understood the issues of not having a demo (Murray explained that to me), but had wished that there could be something more by which others (non TradersStudio users) can know more of the product, like through screenshots, or some video or presentation? It can be anything as long as it shows how TradersStudio looks like and what are the features, and show the workings.

After all, a picture is worth a thousand words. :)

Hope we can have all this in the new yahoo group. Besides, I liked the idea of having the workings in a downloadable PDF file as was done by Gyles in the experiment of MA Crossovers (http://elitetrader.com/vb/showthread.php?s=&postid=2127832#post2127832
and
http://elitetrader.com/vb/showthread.php?s=&postid=2134152#post2134152)

What is your opinion?
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There are no problems if people post screenshots. The problem is that so far the group looks rather inactive. We will see in the next weeks.
 
samuel_weber74, your forum shall be active. I shall surely try my best to make sure that your efforts do not go waste. :)

Sincere apologies as at the moment I am unable to participate in your forum as my system has crashed and I need to redo all the experiments again. However, I shall try to start in a week or so. I shall try to accommodate the suggestions and tips like screenshots, PDF files etc.

Hopefully someone else starts the initiative sooner. :)
 
Quote from samuel_weber_74:

There are no problems if people post screenshots. The problem is that so far the group looks rather inactive. We will see in the next weeks.
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I will be out of town for a week, when I get back I will put some stuff together to show people how to better use TradersStudio.
Give me a few days after I get back to catch up.
 
Thanks Gyles and Murray,
for JaiSreeram: if the issue is to buy or not to buy TradersStudio, the answer is that there is no doubt it is a very good software. Better than Trade Station. More complex and more versatile.
Sincerely, I wish I had it when I began trading 20 years ago ! I own it since the very last days of december and it has already produced extremely interesting results for my future trading. And the genetic optimizer is a very useful tool and an extremely good idea, too. I would dare to say it is the best software currently available.

Anyway, with the same degree of sincerity, I must also say that I am increasingly getting disappointed and frustrated by the online basic language help. The paper manuals are much better but they do not go much into the advanced territory.
The "customs reports and advanced fun" and the "processor API reference" sections explain very little ...... most of the time I stare at the screen trying to guess what most of those objects and properties return ..... because this is what I need to know, not only their syntax ! :(
I find things similar to "it returns the report" ( in what way ? what data I get ? etc ) or "this allows you to access the global memory with its cells and rows", I suppose I should be informed what I can do with it, with these cells and rows ! And so on for most of those 2 sections !! I apologize if some of the sentences quoted are perhaps different from the original but I am going with the only help of my memory now. Once again, I ( we ) need to know precisely what each of those reserved words returns ! Murray, I apologize if today I sound frustrated and so on but it is really my current mood. Why do you not produce a ( paper ) reference guide covering IN DETAIL those 2 sections ? I am not trying to "dictate" what you must do, of course, just politely asking ! I would be well willing to pay to put my hands on it ! And since you said your staff is currently working on a new documentation, I thought today was a good opportunity to express my ( humble ) opinion. By luck I am learning something more perusing the built in scripts, otherwise I could use little more than the basic features described in the paper manuals.
I feel like someone who was presented with a Ferrari but was not taught how to drive it ! :(
 
Quote from samuel_weber_74:

Thanks Gyles and Murray,
for JaiSreeram: if the issue is to buy or not to buy TradersStudio, the answer is that there is no doubt it is a very good software. Better than Trade Station. More complex and more versatile.
Sincerely, I wish I had it when I began trading 20 years ago ! I own it since the very last days of december and it has already produced extremely interesting results for my future trading. And the genetic optimizer is a very useful tool and an extremely good idea, too. I would dare to say it is the best software currently available.

Anyway, with the same degree of sincerity, I must also say that I am increasingly getting disappointed and frustrated by the online basic language help. The paper manuals are much better but they do not go much into the advanced territory.
The "customs reports and advanced fun" and the "processor API reference" sections explain very little ...... most of the time I stare at the screen trying to guess what most of those objects and properties return ..... because this is what I need to know, not only their syntax ! :(
I find things similar to "it returns the report" ( in what way ? what data I get ? etc ) or "this allows you to access the global memory with its cells and rows", I suppose I should be informed what I can do with it, with these cells and rows ! And so on for most of those 2 sections !! I apologize if some of the sentences quoted are perhaps different from the original but I am going with the only help of my memory now. Once again, I ( we ) need to know precisely what each of those reserved words returns ! Murray, I apologize if today I sound frustrated and so on but it is really my current mood. Why do you not produce a ( paper ) reference guide covering IN DETAIL those 2 sections ? I am not trying to "dictate" what you must do, of course, just politely asking ! I would be well willing to pay to put my hands on it ! And since you said your staff is currently working on a new documentation, I thought today was a good opportunity to express my ( humble ) opinion. By luck I am learning something more perusing the built in scripts, otherwise I could use little more than the basic features described in the paper manuals.
I feel like someone who was presented with a Ferrari but was not taught how to drive it ! :(
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We are in the middle of finishing the Profesional version. This version will have new documentation, a major rewrite and overhall of the online documentation. We are also going online seminars. I am deciding the format of these. Will they be structure courses , Q&A sessions or both. There will be a cost of these, but I have not decided yet, but cost will be a subscription , maybe 10-30 per session, bundled in lots of 5-10. We will also make all video's of these sessions available for subscribers.

We plan this for March or April.

PS, we have planned to do a paper version of the function guide for the new version of the pro product. We have not decided on the cost yet. It should be available a month or so after the product is released.
 
Hi Murray,

I too have recently bought the Traders Studio software and I can see the great potential it has but I have to agree that the manuals are sadly lacking in basic details. They have been written by someone (I assume under your guidance or maybe even yourself) who has obviously had a great deal of experience in programming before. They do not go into very much detail for the beginner programmer or for people who have not used this type of product before. I think it would be very helpful if the manuals were updated with some more basic content in them also.

In your previous message you talk about a new pro version which is great but dont forget about us small traders who part with a large portion of our trading capital to purchase this product to ensure we "get it right" with our trading methods.

I personally dont see a huge value in spending a lot of money for additional lessons on how to use the product in an online environment as everyone has very different ideas on what they want from the program. If it was going to cost money I would rather find a programmer who understands the product and work with them one on one (but I would prefer more detailed manuals to help me do it myself and save money).

I am also interested to know about been able to test using intra day data. I plan on buying data from "Tick Data" for some of the currency futures and testing it using 5 minute bars. Can this be done within Traders Studio or will that be in the next version?

Please do not think that I am disrespecting you or your product. I think Traders Studio is fantastic and I can see the huge potential for it to help me with profitable trading but I am just offering you some feedback on the product.

Many Thanks
 
Quote from abarker:

Hi Murray,

I too have recently bought the Traders Studio software and I can see the great potential it has but I have to agree that the manuals are sadly lacking in basic details. They have been written by someone (I assume under your guidance or maybe even yourself) who has obviously had a great deal of experience in programming before. They do not go into very much detail for the beginner programmer or for people who have not used this type of product before. I think it would be very helpful if the manuals were updated with some more basic content in them also.

In your previous message you talk about a new pro version which is great but dont forget about us small traders who part with a large portion of our trading capital to purchase this product to ensure we "get it right" with our trading methods.

I personally dont see a huge value in spending a lot of money for additional lessons on how to use the product in an online environment as everyone has very different ideas on what they want from the program. If it was going to cost money I would rather find a programmer who understands the product and work with them one on one (but I would prefer more detailed manuals to help me do it myself and save money).

I am also interested to know about been able to test using intra day data. I plan on buying data from "Tick Data" for some of the currency futures and testing it using 5 minute bars. Can this be done within Traders Studio or will that be in the next version?

Please do not think that I am disrespecting you or your product. I think Traders Studio is fantastic and I can see the huge potential for it to help me with profitable trading but I am just offering you some feedback on the product.

Many Thanks
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First of all the Pro version will be priced at $995.00 not $3000.00, second any customers who own the Gold Membership will get the upgrade for free. Also anyone who purchased TradersStudio 2.5 after June 2008 will also recieve it for free. I understand about trading on a shoestring and that some of you are starting with 10K and can't spend $3000.00 on software.


In terms of the classes I disagree with you because, TradersStudio is very powerful and my bet is you don't know what possible. For example with the features in the product you can rebalance a tradeplan so that one position is not too large of a percentage of your account. How would you code that. The new pro beta allows you to add and subtract money from a tradeplan account while the plan is running. This could allow you to do simulations with taxes paid. Seeing that function might not click until you see an example of using it in a practical example.

There will be various classes, so you might not take basic programmer or how to develop a trading system ones, but you might take advance tradeplans.

In terms of the documentation, we have heard you and it will be improved in the next release.
 
PS, you can use CSV format intra-day data. This feature exists now 2.5.5, in fact you have a preloaded session which runs on 5 minute S&P500 data. The data is old 2001-2003, but it show how TradersStudio works with intra-day data.
 
Thanks for your reply Murray.

It is satisfying knowing that I can converse with the main programmer of the software I use (trying to use - I guess).

It is great to hear that the new upgrade will not cost for those that have purchased recently (as I am one of them).

You are correct, I have started on a small budget but also realise the importance of getting it right. That is why I have spent the money on your software and even paid extra for pre designed searches (trend harmony etc) and data. I have additionally spent a lot of money on books and seminars to educate myself as best I can as I progress on this new "career".

I mentioned that I wouldnt really want to spend money on classes at this stage because everyone is at a different level... etc etc.

I agree with you when you mention that I am sure that I dont know what is possible with Traders Studio software but I am only thinking about basics at the moment and the rest will come as I progress.

In your reply you say...quote..."that In terms of the classes I disagree with you because, TradersStudio is very powerful and my bet is you don't know what possible. For example with the features in the product you can rebalance a tradeplan so that one position is not too large of a percentage of your account. How would you code that. The new pro beta allows you to add and subtract money from a tradeplan account while the plan is running. This could allow you to do simulations with taxes paid. Seeing that function might not click until you see an example of using it in a practical example.

There will be various classes, so you might not take basic programmer or how to develop a trading system ones, but you might take advance tradeplans...."...unquote

I think this actually proves my point.

I am not anywhere near been in the position to be trying to "rebalance my trade plan" or worry about "taxes paid". I acknowledge that there are probably many traders who are at that level but I think a good portion of your clients (or at least potential clients) are not that advanced YET.

At the moment all I want to learn how to do is the basic things like doing a search on one product (Euro currency futures contract as an example) and use various search methods to optimise a profitable trading strategy.

As an example. I want to be able to search an individual 30 minute chart and look for long entries if the following are met... Price close above short WMA, short WMA>long WMA, RSI(short) & RSI(long) both >50, DMI+>DMI-, Stochastic >50, ADX rising over last 3 bars, break of previous resistance of "x" periods (donchian style). If all conditions are met I then enter long with a stop at a certain amount below entry (optimised) and an exit target point of a certain point above entry - again optimised (both stop and target are calculated using ATR and ADX multiples which are optimised).

I know that this seems like a simple search but I am still trying to work out how to program this so I am nowhere near worrying about balancing portfolios and taxes etc. I am still trying to work out basic searches. I know that there are many typical searches included in the software but it is really confusing when trying to come up with anything that is not covered in your samples.

I understand that many traders would already be way beyond this level but I am sure that there are also many who agree with me that we need very basic instruction on simple system searches which has been overlooked in the manuals (I understand that you have been made aware of this already)

I will continue to experiment with the software and look forward to the updates of the program and manuals.

All the best,

Andrew.
 
As an example. I want to be able to search an individual 30 minute chart and look for long entries if the following are met... Price close above short WMA, short WMA>long WMA, RSI(short) & RSI(long) both >50, DMI+>DMI-, Stochastic >50, ADX rising over last 3 bars, break of previous resistance of "x" periods (donchian style). If all conditions are met I then enter long with a stop at a certain amount below entry (optimised) and an exit target point of a certain point above entry - again optimised (both stop and target are calculated using ATR and ADX multiples which are optimised).

If WAverage(Close,SLen,0)>WAverage(Close,LLen,0) and RSI(SLen)>50 and RSI(LLen)>50 and DMIPlus(SLen,0)>DMIMinus(SLen,0) and SlowK(SLen,0)>50 and ADX(14,0)>ADX(14,3) and High=Highest(High,XLen,0) then
' You entry conditions
End if

I would of finish the logic for you but , your rules confused me. Entering on a stop below, means your going short not long, these rules look like long rules

I would like to make one point, I really think all these conditions , indicator will lead to a curve fitted system. I have never seen this complex of a system hold up well in the future.

My first point is to start with less complex systems, KISS. First it will make it easier to code , but also they will be more likely to hold up.
I will be out of town , so if you answer this post it might take me a little while to answer you back over the next week.
 
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