If you are serious about trading, you will need to master the art of back testing. I am a big fan of tradestation’s easylanguage because it is straight forward. You can automate trading strategies and back test them with a complete report generated by the tradestation platform.
Tradestation offers a class called, “Mastering EasyLanguage for Strategies: Below is some more information. I recommend you take this class if you are serious about trading.
Once you master this skill, you will be able to back test any strategy. You will notice that a lot of strategies that are sold on line or in book stores do not work as well as they are advertised.
Mastering EasyLanguage for Strategies is a 2-day hands-on course specifically designed to follow the material covered in the EasyLanguage Boot Camp. The purpose is to delve more deeply into using EasyLanguage for accomplishing a variety of tasks in creating, testing and automating strategies. Topics include EasyLanguage specifically designed to take advantage of Intrabar Order Generation, multi-interval analysis, scaling out of positions, tying exits to entries, and much more. The teaching method will be familiar to those who have been through our other EasyLanguage classes: a task-oriented approach using practical examples.
What you will learn :
Setting trade size
Managing multiple entries and exits
Referencing position information
Referencing entry and exit information
Tying exits to entries
Working with tick and volume bars
Working with multiple data sets
Referencing ‘open of next bar’
Using built-in stops
Building stop limits in EasyLanguage
Accessing TradeManager information
Incorporating Advanced orders
More information can be found at this link:
https://www.tradestation.com/support/training/courses/easylanguage_strategies.aspx