The WTSUG meeting on Wednesday, May 20, 2009 was held from 7:00pm to 10:00pm at Potomac Library of Montgomery County, 10101 Glenolden Drive, Potomac, MD 20854.

Agenda:

7:00pm – 7:15pm  Introductions and Opening
The group will give brief introductions of the organizers for any new attendees. Time will be made available for dealing with membership dues and any other minor administration items, but not to exceed 15 minutes in total.
$20 Annual membership dues will be collected for the year.

7:15pm – 8:15pm TradeStation Strategies for Beginners, Session II
Bruce DeVault
In the last session, we covered some of the fundamentals of strategy design in TradeStation, discussed the basic types of strategies, took ideas from the group and built an example, “starter” strategy to trade an opening range breakout on ES. We distributed a copy of the ELD to everyone in attendance, and gave a homework assignment to take a look at it and see what you could come up with to improve performance, as well as make notes of what improvement ideas those in the group would like to see, but aren’t sure how to code.

In the first half of this follow up session, we’ll take a look at these follow up ideas based on feedback from the group, and also discuss how to assess the strategy’s performance with and without some of these changes. We’ll also put an emphasis on how to visualize the effect of these changes, including using indicators to demonstrate strategy operation.

8:15pm – 8:30pm Break

8:30pm – 9:30pm TradeStation Strategies for Beginners, Session II
Bruce DeVault
After the break, we’ll “go back to the drawing board” and build a new “starter” strategy based on an entirely different style of trading – again, we’ll distribute the ELD to everyone in attendance who is interested, and show how we can compare and contrast this different trading style with our improved results from the opening range breakout example from May.

A group discussion will follow the break on strategy development topics of interest to those present, and plenty of time will be made available for questions as well as discussion of topics to be covered in upcoming meetings for 2009.