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StrategyDesk

post #1 of 9
Thread Starter 
Hi - I am a newbe with this site but I have had a lot of experience (since the early '80s) with Tradestation (Omega Research) in utilizing their "Easy Language" when I was trading futures. Unless you know exactly what you're doing with these "lookback" analysis programs, this great technical capability can easily be your downfall.

What you see does not mean that is what you get. The ability of StrategyDesk to "lookback" and see what would have happened does NOT mean it will work for you in the future and I think this Rev 1.0 program still has bugs.

I have my own questions that need to be answered by TDA with this new tool -- I think that sometimes it gets a mind of it's own and does not work correctly. It is new to me too, however, so I will forego any comments until I learn it better.

I will give advice as best I can as to how to utilize it and avoid the pitfalls that I have experienced in the past. It is a great tool and if you have an enormous amount of time to analyse data and implement a working strategy.

Please understand that will not render any opinion on any particular strategy. I have devoted many years to making my approach work. An important thing to remember is that the only books you can buy relating to "winning" in the market are those written by people that could not win. I will render my opinion of the techniques regarding general approaches to applying what I have learned.

Look forward to hearing from anyone interested. Maybe we can get an interesting thread going. I will try to check it and respond in a day or two. I do have another life.

Thanks for your interest,

Dick Erett
post #2 of 9
Thread Starter 
Answering some questions posted on the other StrategyDesk thread.

Anybody used it? Probably not - it's too new! I have applied my old strategies and achieved <10% losing trades out of more than a hundred on the Nasdaq 100 list furnished with the program.

If you use the TDAmeritrade "Analyser", I can offer you proof. Set up the chart in Analyser with the following indicator (you can put in 3 max):
1) MACD 12,24,9
2) MACD 8,13,6
3) MACD 5,8.4

Make sure this is a Daily chart.
Put in your favorite stock.
Look for the days that the three green arrows line up vertically.
Surprised? About 90% of the time, the arrows line up on a "buy" signal.
This is only the buy point. You still have to find out where you get out.
Try it, you will like it.

Note that this approach is only a starting point in developing a "strategy" for making money, but it demonstrates the viability of this approach.

StrategyDesk is ONLY a tool that allows testing of past data. I does not guarantee results in the future.

Need to be a customer? I know you have to be a customer because the program requires an ID and password. Apex customer? I assume so because without logging in, I cannot find and reference to it. Minimum trades per month? Don't know but a phone call will give you the answer.

Green and red boxes under "trend". These are the last six or seven 5 minute "bars" and just give you a visual view of whether a particular stock is going up (Green) or down (Red). No other use as far as I can see.

My thanks to amohedas for his welcoming me to HSM!

Dick Erett
post #3 of 9
Dicksan, I installed StrategyDesk last night and plan on seeing what I can do with it tonight.
I have a TDA account but not (Apex?) you do need to use your login and pw.

I'll start with your settings as you suggest and work from there.

I did load my portfolio, will backtest, and see where I could have improved my entrance and exits.

Thanks, I'm sure I'll have questions...
post #4 of 9
Thread Starter 
Alex86

No you can't use my ID and logon. You could trade my account if I gave you that information. You DO need an Apex account (more than $100000 balance) in order to use StrategyDesk. I called them this afternoon and confirmed this. It is only available only to Apex users.

However, you can use the Ameritrade "Advanced Analyzer" if you have subscribed to it and pay the monthly "vig". This is the option that I suggusted putting in the MACD numbers in in my previous post, and look for the alignment of the green arrows. I have found that the Analyzer is very informative and useful. Many current stock "picking" options as in HMS plus you ou can display individual charts, and have access to great "company research" options which include background, financial data, broker reccommendations, insider trading, and news -- all on one screen. Nice feature! Thanks and good luck!
post #5 of 9
You can also have a minimum number of trades per quarter to achieve Apex status. I think it's only 30 trades. Not too bad.

Great thread Dick. I look forward to hearing more on your strategies. I have the application and have experimented with it, but I'm a complete newbie to automated trading systems.
post #6 of 9
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Nice work Dicksan,

Me thinks though, that ye might wanna change the thread title to something more like "AmeriTrade StrategyDesk Tool" so that people don't get mislead into thinking it's a program that they can download free or buy.


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post #7 of 9
Quote:
Originally Posted by Dicksan
Alex86

No you can't use my ID and logon. You could trade my account if I gave you that information. You DO need an Apex account (more than $100000 balance) in order to use StrategyDesk. I called them this afternoon and confirmed this. It is only available only to Apex users.

However, you can use the Ameritrade "Advanced Analyzer" if you have subscribed to it and pay the monthly "vig". This is the option that I suggusted putting in the MACD numbers in in my previous post, and look for the alignment of the green arrows. I have found that the Analyzer is very informative and useful. Many current stock "picking" options as in HMS plus you ou can display individual charts, and have access to great "company research" options which include background, financial data, broker reccommendations, insider trading, and news -- all on one screen. Nice feature! Thanks and good luck!

WHAT? No... I was trying to say that I downloaded StrategyDesk and I am using with a standard TDA account with MY login & pw...

There was a question in an earlier post whether you needed an Apex Account to access, I don't have Apex and program is linking to my account and is working fine so far. I don't know if it's a trial version or not, doesn't indicate anywhere that it is...

GL&Thx
post #8 of 9
Thread Starter 
MergerMagnet - Great idea, I will do that and cut and paste my posts to it.
Alex86 - No offense, I misintrepreted what I read.
Amohedas - Was not aware of Apex for 30 trades/quarter. That IS great.

As I said in my last post, I spoke to a rep from TDA and he said it was Apex only. Maybe it is a trial period thing, but it just might be that either they want to sell Apex or, because this is Rev 1.0, they just don't have their act together yet.

In fact, I as able to log on to 2 computers at the same time and run it. You can't do this with your TDA account.

Dick
post #9 of 9
Thread Starter 
The new thread is "StrategyDesk (TDAmeritrade "Backtesting" Tool)". See you there! Dick
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