Beginner's Guide To Tradestation Trading Software: Navigating The Desktop
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  1. Beginner's Guide To Tradestation Trading Software: Getting Started
  2. Beginner's Guide To Tradestation Trading Software: Navigating The Desktop
  3. Beginner's Guide To Tradestation Trading Software: Charts And Settings
  4. Beginner's Guide To Tradestation Trading Software: Trading
  5. Beginner's Guide To Tradestation Trading Software: Checking Transaction History
  6. Beginner's Guide To Tradestation Trading Software: Advanced Features

Beginner's Guide To Tradestation Trading Software: Navigating The Desktop

When TradeStation is opened, the Desktop appears. The Desktop includes the Menu Bar, Command Line, Tool Bar, Order Bar, Position Graph Bar, Shortcut Bar, Status Bar and the Workspace area. In the Desktop, traders work with one or more tabbed Workspaces. The Workspaces are where Windows are added, such as price charts.


Figure 9: Desktop


A Desktop can be considered the overall organizational tool, and it is fully customizable so that traders can specify settings for workspaces as well as the general appearance of the platform. Multiple Desktops can be open at any time, each with different names and settings.

Menu Bar
The Menu Bar displays the menu headings. The menus that are available depend on what is currently open in the workspace, allowing access to commands that are pertinent to the active workspace. Click a menu heading to open the menu and choose a command. Many of the commands are also displayed on toolbars or via right-click shortcut menus.

Command Line
The Command Line can be used to control the TradeStation Desktop and makes it easy to execute common commands in windows simply by typing them. The Command Line accepts the following types of commands:

  • Symbol
  • Interval and Range
  • Action
  • Macro
Toolbars
There are two types of toolbars in TradeStation: Shared Toolbars and Window-Specific Toolbars. Shared toolbars are available across all TradeStation windows, and organize buttons relevant to different types of windows into a single toolbar. In a shared toolbar, buttons for commands that do not apply to the current active window will appear grayed-out. Hold the cursor over any toolbar icon to view its function; click the icon to proceed with the action.

To hide or unhide a toolbar, select View from the main menu > Toolbars > and then check (to view) or uncheck (to hide) the appropriate Toolbar.

The Main Toolbar contains buttons for global commands, such as New Workspace, Open, Save, Close Workspace and the Command Line.


Figure 10: Main


The Tools Toolbar contains buttons for global commands such as launching individual windows:


Figure 11: Tools

The Drawing Toolbar contains buttons that allow traders to draw analytical and non-analytical objects, such as trendlines, pitchforks, and arrows:

Figure 12: Drawing


Window-Specific Toolbars are only available for a certain window type, such as Chart Analysis, and contain buttons that are only applicable to that specific window type. The Chart Analysis Toolbar contains buttons that apply to a Chart Analysis window, such as Insert Analysis Technique or Insert Strategy:

Figure 13: Chart Analysis

The toolbars can be moved to any location in the workspace or desktop. To move the toolbar, click in the header bar and drag to the new location, then release the mouse button. To move a toolbar that is docked below the main menu, click on the small vertical line at the edge of the toolbar and drag to the new location. Order Bar
The Order Bar allows traders to place discretionary trades and strategy-generated orders. Traders can place market, limit, stop market, and stop limit order directly into the market. The Order Bar works in conjunction with the TradeManager window.

Position Graph Bar
The Position Graph Bar is used to keep track of account positions and quotes. By default, this bar is docked under the order Bar, but it can be moved and resized if desired. The top of the Position Graph Bar is called the Quote Bar, which displays the last and net change, and net percentage change for each quote symbol. The lower portion displays real-time profit and loss for open and closed positions.

Shortcut Bar
The Shortcut Bar is located on the left side of the Desktop and includes shortcuts to different TradeStation applications, as well as support information. The default shortcuts consist of EasyLanguage, Strategy Network, TradeManager, Matrix, Chart Analysis, RadarScreen, Scanner, Market Depth, Time & Sales, Hot Lists, OptionStation Analysis, OptionStation Search, Research, News, TradeManager Analysis, Basket Order and Browser.

Status Bar
The Status Bar is located at the bottom of the Desktop and displays a summary of the account selected on the order bar, including Account, Open Positions, Buying Power, Closed Profit/Loss and Open Profit/Loss. The Status Bar also displays order placement indicators, connection status and current date/time.

Workspaces
Workspaces are where windows are added, such as Chart Analysis windows (price charts). Traders can have an unlimited number of workspaces open, depending on the computer's configuration and available resources. By default, TradeStation displays a tab for each open Workspace at the bottom of the Desktop.

Beginner's Guide To Tradestation Trading Software: Charts And Settings

  1. Beginner's Guide To Tradestation Trading Software: Getting Started
  2. Beginner's Guide To Tradestation Trading Software: Navigating The Desktop
  3. Beginner's Guide To Tradestation Trading Software: Charts And Settings
  4. Beginner's Guide To Tradestation Trading Software: Trading
  5. Beginner's Guide To Tradestation Trading Software: Checking Transaction History
  6. Beginner's Guide To Tradestation Trading Software: Advanced Features
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