!QCL Solutions

Scalable Solutions for Institutional-Level Trading

TicketManager now comes with the !QCL.EquityCurveOptimizer companion strategy. It works as a filter for TradeStation strategy signals generated in the same chart. When equity performance is positive, equity-curve settings can allow trade information to be sent to TicketManager for automation. When equity performance of strategy signals is negative, equity-curve settings can disallow trade information from being sent to TicketManager for automation. Optimization of equity-curve settings can be performed with the !QCL.EquityCurveOptimizer companion strategy as demonstrated in the following video:

EqtyCrvOpDemo_4-5-2012 1-31-23 AM

EquityCurveOptimizer

TicketManager on the Strategy Network is available for trials.

For help with your TicketManager workspaces and settings, contact us at [email protected]

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The demonstration workspace of TicketManager launched from the TradeStation Strategy Network Dashboard has 4 symbols running in RadarScreen to automate strategies for those symbols. So trading in all 4 symbols is possible, but the demonstration only automates one of the symbols.

In order to show how TicketManager works, it automates the SPY symbol running in two separate charts with a demonstration strategy). The important points are that:
1) TicketManager can automate trading for any symbol, running one or more strategies in a TradeStation chart.
2) TicketManager can automate trading for multiple charts with the same symbol. This is done by aggregating trades in the different charts by symbol and account.
3) TicketManager avoids traditional strategy automation problems with synchronization, making automation more robust and handsfree.
4) TicketManager makes traditional strategy automation scalable to institutional-level trading by managing aggregated strategy orders as tickets rather than individual orders. Tickets are order instructions that can be executed with one or more orders. Tickets are managed algorithmically to control market impact or to pursue price improvement.
5) TicketManager can be used for all of your TradeStation strategy automation. It can automate trading for as many symbols as you like. It can aggregate numerous strategies and time frames. It avoids boxing restrictions for stocks bypassing the need for separate short and long equity accounts. Basically, TicketManager makes strategy automation simple and scalable.

As a first step to getting more familiar with TicketManager, you may want to add charts to the demonstration workspace to automate one of the other symbols running the TicketManager application in RadarScreen. Here is an example video:

TicketManager demonstration video

Let us know if you have any questions. And if you need a workspace setup for you particular trading needs, send an email to [email protected].

TicketManager is available on the TradeStation Strategy Network, as an algorithmic automation system, so that serious traders can have truly manageable and institutionally-scalable automation.

But TicketManager is more than just a solution to TradeStation automation. It is an algorithmic order execution system that can be accessed from external applications. If you want to route orders into TradeStation from you own custom application, from MatLab, from other brokers’ platforms, etc. TicketManager can be your solution, as seen in the demonstration video. (Click on the image, and give the video a few moments to load.)

TicketManagerS API demonstration

The rally was significant, but as noted in the preceding post it was on an average rate of trading.

Here is how the chart finished, with the rate of trading ranking as the 17th most active day in the last 30. And the rate of trading oddly ran along the monthly average rate most of the day. See the circled region on the chart.

12-20-2011 4:51:23 PM ET

One of the reasons we released EquityMarketsVolume was to give traders a way to verify what is being reported.

Today we heard much about the strong rally in stocks and in oil prices. The price increases are significant and encouraging to anyone on the long side. There is nothing wrong with that.

When first hearing the news about a “surge” in trading and that this rally was too strong to be faded, we decided to check. Here is how EquityMarketsVolume looked at the time of the CNBC reports:

12-20-2011 11:33:26 AM ET

The image tells us that the reports are just hype. Doesn’t mean that the rally doesn’t continue, or that it doesn’t end up attracting high-volume activity, but high volume is not how the market got where it is right now.

Equity markets volume actually began the day at a lower than average rate. The rate of trading increased to the monthly average and, as can be seen in the image, has ridden that monthly average rate of trading. As a result, it is not surprising that the rate of trading is on pace to be the 15th most active day of the last 30 days. Point being, as far as trading activity goes, it is an average day.

So is it ill-advised to fade the rally today?… Maybe! As CNBC’s Cramer said long before going to CNBC, “Never underestimate the Wall Street hype machine.”

TradeAssistant is designed to be a fast and flexible order placement tool. Use it in RadarScreen with 100’s of symbol and custom triggers for each. Put orders in OCO groups to leverage buying power. Create OSO relationships and brackets. Check the status of orders and positions at a glance. TradeAssistant can be used in charts to quickly set multi-symbol order triggers. TradeAssistant is automation for the discretionary trader.

TradeAssistant Pro features the WATS application to access and automatically trade advisor signals. If you are using TradeAssistant Pro, try this demonstration signal file (for simulated accounts) with the WATS_Docker indicator, found in the default “Launch” workspace:
TradeAssistant WATS TradingApp demo file
Login here for your WATS files:WATS

Note that WATS_Docker is the same application as the WATS TradingApp, but hosted in a Chart as an indicator. For placing potentially large lists of interrelated orders, as with the WATS application, Chart and RadarScreen windows offer the best environments. The TradingApp window environment is to be improved in a coming release of TradeStation (expected to be in 9.5). Until then, use WATS_Docker for trading.


For both TradeAssistant and TradeAssistant Pro, here are two videos demonstrations of placing large lists of orders with the original !QCL.TradeAssistant indicator in RadarScreen:

Video demonstration, TradeAssistant ( Version 1 )

Video demonstration, TradeAssistant ( Version 2 )

Sign up for TradeAssistant on the TradeStation Strategy Network

TicketManager is available on the TradeStation Strategy Network to replace traditional strategy automation. It improves on traditional strategy automation which is prone to derail and lacks algorithmic methods of controlling market impact. Traditional strategy automation also lacks a way for you to automate multiple charts for the same equity symbol. TicketManager solves this by aggregating multiple charts, by symbol and account, for a target position and price creating tickets which are algorithmically processed.

TicketManager was designed to ideally run in a RadarScreen window. This provides you with one window where algorithmic trading of multiple symbols can be easily monitored and managed. However, TradeStation does charge for RadarScreen, so not every customer has it. For such customers, TicketManager can run in a chart to automate trades of the chart symbol where it is applied.

Here is a demo workspace for TicketManager subscribers:TicketManager ( Version 15 )_wChartOnly

Click on the image below to see a video demonstration of TicketManager with charts only.

Some TradeStation customers had experienced issues running our TicketManager application through the Strategy Network. The TradeStation Quality Assurance department was not able to replicate the issues, so having them addressed was a challenge. It has also been a very stable application in our trading for over a year. It has performed well for our key institutional customers. But we were able to replicate the issues and have now addressed them in the latest release, with elegant solutions that both work around 9.0 problems and improve processing efficiency.

In addition to the enhancements, look forward to TradeStation 9.0 updates and the new TradeStation 9.1 release.

So if you need robust scalable institutional-level trade automation at TradeStation, we hope you try TicketManager here: TicketManager on the Strategy Network

For help with your TicketManager workspaces and settings, contact us at [email protected]

See yesterday’s post: Equity Market Volume has remained low

Voilà, we have the pennant breakout with equity markets volume increasing above the 21-day moving average. However trading activity slowed into the close and overall volume was still unimpressive.

EquityMarketsVolume

The above chart was produced with the default workspace of the EquityMarketsVolume indicator available on the TradeStation Strategy Network.