Strategy question - client vs server

September 12th, 2022, 03:08 PM

I started to use easylanguage/tradestation. Honestly, I can't stand it. But it is what it is. I think TOS and TV are infinitely more intuitive. TS feels like it was designed for windows 95.

Anyway, if I create a strategy that places an order, does the stoploss and target price go to TS's server? Or is it the client app on my computer that handles it?

Code

		SetProfitTarget(tgamt);
		SetStopLoss(slamt);
		Sellshort this bar at close;

I am really hoping the answer is TS server. If I lose electricity, or internet, I could also lose a boatload of money if this is handled on the client side.

Assuming it is on the server side, what about the next piece of code. This one I am 100% sure it is handled by the client. How can I rewrite this to be server based? Assuming it is even possible.

Code

if MarketPosition <> 0 and BarsSinceEntry >= maxBars then begin
	if MarketPosition = 1 then Sell All Contracts Next Bar At Market;
	if MarketPosition = -1 then Buytocover All Contracts Next Bar At Market;
end;

September 18th, 2022, 02:32 PM

gurji

I started to use easylanguage/tradestation. Honestly, I can't stand it.

If your not a programmer its very friendly. If you can program it can be a little limiting. Initially I was impressed with Tradestation but the more I dug in the more limitations I found. Not sure what, if anything, is out there that is better though.

gurji

Anyway, if I create a strategy that places an order, does the stoploss and target price go to TS's server? Or is it the client app on my computer that handles it?

I believe its your choice. 1/ Desktop 2/ Tradestation Network 3/ Sent to Exchange

gurji

How can I rewrite this to be server based? Assuming it is even possible.

It's not. Code runs on the client. If you want this you'll need to run the client co-located or in the cloud.

September 18th, 2022, 02:38 PM

gurji

I started to use easylanguage/tradestation. Honestly, I can't stand it. But it is what it is. I think TOS and TV are infinitely more intuitive. TS feels like it was designed for windows 95.

Anyway, if I create a strategy that places an order, does the stoploss and target price go to TS's server? Or is it the client app on my computer that handles it?

There is a checkbox setting in the strategy "properties>>automation" dialog box that sends stop orders to the tradestation server.
Search YT for "The Art of TradeStation - The Strategy Automation Process" for details. And there is always the cell phone app as a last resort.

September 18th, 2022, 09:49 PM

SMCJB

If your not a programmer its very friendly. If you can program it can be a little limiting. Initially I was impressed with Tradestation but the more I dug in the more limitations I found. Not sure what, if anything, is out there that is better though.

I believe its your choice. 1/ Desktop 2/ Tradestation Network 3/ Sent to Exchange

It's not. Code runs on the client. If you want this you'll need to run the client co-located or in the cloud.

I think you hit the nail on the head about being a programmer or not. I am a programmer, and ,maybe that's why I don't like it. I like pine script in tradingview a lot better, although it also has limitations. Would love to be able to call external scripts as includes. But overall, I like working with it a lot better.
I am currently working on connecting to the tradestation and IBRK APIs and running my strategies in PHP. But also am exploring the ideas of using the tradingview alerts with webhooks that trigger orders with the API. My concern though is the speed and execution time of it all.

As for having the choice of desktop, ts network, or exchange, where is this set?

September 18th, 2022, 09:49 PM

gaffster

There is a checkbox setting in the strategy "properties>>automation" dialog box that sends stop orders to the tradestation server.
Search YT for "The Art of TradeStation - The Strategy Automation Process" for details. And there is always the cell phone app as a last resort.

I'll take a look at that, thanks!

Strategy question - client vs server

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Strategy question - client vs server