Thursday, September 7th at 7:30 PM
The Ring House
1801 East Jefferson Street
Rockville, MD 20852
Long Term Strategy Development Using Easy Language in TradeStation
Join our members and guests for the meeting kicks off with Jim Rakowski review how he uses TradeStation to automate his trading. Jim will cover several indicators and his method. His last presentation covered the development and profit potential of day trading and swing trading strategies programmed using Easy Language with emphasis on automation where the computer trades the market for you which is a practical necessity being that intraday bars are being used. This method can be quite profitable but at the same time intensive just because of the large number of trades that are taken.
This presentation will slow things down by using weekly bars which trade infrequently and where trades can be entered manually upon alerts shown on the chart. Positions taken are allowed to run longer but on the flip side, long periods of inactivity can occur when the market is in a selloff. Overall profit can be substantially improved in these “dead zones” by employing a shorter time interval using a reverse market strategy, taking advantage of the axiom that although the market takes the stairs up, it takes the elevator down. Comparison will also be made to the classic AIM system which can also be cast in terms of an easy language strategy.
If you would like to join our speakers for dinner before the meeting, please send an email to John Nelson (firstname.lastname@example.org) before 6:00 PM, Wednesday, September 6th to reserve a seat and be at Almalfi’s, 12307 Wilkins Ave, Rockville, MD by 6:00 PM on Thursday.
Members are reminded we will start collecting dues for 2018 in October. Members may pay dues by check or cash at the meeting ($45), by credit card at the meeting ($47 total using our mobile reader), or on the SMT web site ($47) using either a credit card or PayPal. Web site and credit card payments are an additional $2 to cover SMT online banking costs. Dues increased to $45 in 2018.
The week following the meeting, Dennis A. Kranyak, SMT President, will be on Carolann Brown’s radio show on WCRN News Talk Radio AM 830 from 10:00 – 11:00 AM, Thursdays, September 14th & 28th, October 12th & 26th 2017. (Note: these dates and times have changed from those originally posted) For those outside the Boston area, you can listen to the show live on line by going to www.wcrnradio.com and clicking on the “Listen Live” icon on the upper right of the home page. Be sure to allow for some time to set up your computer prior to the start of the broadcast. Carolann will also be the speaker at our October 5th meeting.
A reminder, our meeting will be held in the downstairs social hall and we will have high speed WiFi available.
If you missed any of our meetings since June 5th, 2014, members can log on to the SMT web site and view the video of the meeting presentation in addition to downloading the presentation. Go to the “Resources” menu tab, then select “Meeting Videos”
SMT logo coffee mugs will be available for purchase at the meeting, $5 for members, $7.50 for non-members. If you are a member and have not picked up your SMT lapel pin, see Sondra Katz at the meeting. The new SMT logo Power Bricks will be available for sale to members for $15, $17.50 for non-members. We will also have the new SMT logo golf shirts, for $25.