Getting Started with TradeStation
Install TradeStation according to the manufacturer’s
instructions. If you need help with the installation, call the TradeStation
folks; they are very friendly and helpful in the Technical Assistance
Assuming TradeStation is installed on your computer,
find the TradeStation icon on your computer’s desktop. It will look something
like the icon in Figure 1. Double-click this icon to start running the
Figure 1: TradeStation Icon
Logon to TradeStation by entering your User Name and
Password. If you don’t know what these are, they should be found on the invoice
you received from the TradeStation folks. If you can’t find that, call the
friendly customer service folks at TradeStation.
Figure 2: Logon Screen
From the blank main screen you need to open a Workspace to put the various
windows into. Charts go into Workspaces, RadarScreen grids go into Workspaces,
Level II Screens (Market Depth) go into Workspaces, so you must first create a
workspace in which to hold these other various elements. You can either create
a workspace from the File → New menu bar, or you can have it automatically
created for you by double-clicking on the Chart Analysis icon, which will both
create a new workspace and create a new chart at the same time. I find that
getting accustomed to the “long-cut” is a better habit, as double-clicking the
Chart Analysis icon will also create a new chart in an already existing
Figure 3: Main TradeStation Screen
The Chart Analysis icon is the second icon down on the
left-hand side, under Tools on the Main TradeStation Screen.
In Figure 4 I have already clicked on the Chart Analysis icon, which created
a new Workspace and a new Chart. On the chart is the default or first symbol
TradeStation assumes. It will be different on your version, most likely.
By simply typing the letters on your keyboard, you can change the Chart to a
different symbol, for instance type IBM, and then press Enter. The Chart will
automatically change to the chart of the new symbol.
Figure 4: A Workspace with a Chart of QQQQ
To enlarge or diminish the size of the chart, place your cursor over the
bottom right corner of the chart, and the cursor will turn into a double-headed
arrow. Click (hold) and Drag, using the Left Mouse Button. Let go of the Left
Mouse button when the chart is the size you want it. This is one way to make
the chart fill the whole screen, or size it ¼ of the screen so you can put 4
charts on the screen.
You can create another chart in the same Workspace by clicking again on the
Chart Analysis icon.
Figure 5: Second chart in the same Workspace.
By default, TradeStation places one chart behind the other (cascades). But
what if you want to see them both at the same time? Let’s use the Windows |
Arrange command from the top menu bar now. To stack the charts one on top of
the other, use Window | Arrange Horizontally, and you will net the arrangement
in Figure 6. Now you can see two charts on the same relative time scale.
To view a
particular date click on the “Global Vertical Chart Status” icon on the top row
of icons. It looks like this:
call it the Sticky Bar, because when you let go of the mouse button, the
vertical line sticks in place on the chart.
Figure 6: Charts arranged horizontally
Figure 7: File | New
Figure 8: New What?
Now you need to choose what new thing it is you want to put
on the blank desktop. The first thing you want to put down is called a
Click now on the tab that says Workspace and you will come
to the screen seen in Figure 8.
Figure 9: Blank Workspace
There is only one thing to choose under this tab, “Blank
Workspace,” so let’s choose it. Click on the Blank Workspace icon, and then
click on OK.
Books to Read:
- Getting Started in Trading by Sunny J. Harris
- Trading 102—Getting Down to Business by Sunny J. Harris
- Smarter Trading by Perry Kaufman
- Trading Systems and Methods by Perry