Brokerages

TradeStation supports cash and margin accounts. To set the account type in an algorithm, see the TradeStation brokerage model documentation.

To create a TradeStation account, follow the account creation wizard on the TradeStation website.

Our TradeStation integration supports trading the following asset classes:

• US Equities
• Equity Options
• Futures

You may not be able to trade all assets with TradeStation. For example, if you live in the EU, you can't trade US ETFs. Check with your local regulators to know which assets you are allowed to trade. You may need to adjust settings in your brokerage account to live trade some assets.

You might need to purchase a TradeStation market data subscription for your trading. For more information about live data providers, see Datasets.

We model the TradeStation API by supporting several order types, order properties, and order updates. When you deploy live algorithms, you can place manual orders through the IDE.

Order Types

The following table describes the available order types for each asset class that our TradeStation integration supports:

Order Type	Equity	Equity Options	Futures
Market
Limit
Stop market
Stop limit
Market on Open
Market on Close
Combo market
Combo limit

Time In Force

We model the TradeStation API by supporting the following TimeInForce instructions:

• DayDAY
• GoodTilCanceledGOOD_TIL_CANCELED
• GoodTilDategood_til_date

Updates

We model the TradeStation API by supporting order updates.

Handling Splits

If you're using raw data normalization and you have active orders with a limit, stop, or trigger price in the market for a US Equity when a stock split occurs, the following properties of your orders automatically adjust to reflect the stock split:

• Quantity
• Limit price
• Stop price
• Trigger price

To view the TradeStation trading fees, see the Pricing page on the TradeStation website. To view how we model their fees, see Fees.

We model buying power and margin calls to ensure your algorithm stays within the margin requirements. If you have more than $25,000 in your brokerage account, you can use the PatternDayTradingMarginModel to make use of the 4x intraday leverage and 2x overnight leverage available on most brokerages from the PDT rule.

Orders through TradeStation do not experience slippage in backtests. In live trading, your orders may experience slippage.

To view how we model TradeStation slippage, see Slippage.

We fill market orders immediately and completely in backtests. In live trading, if the quantity of your market orders exceeds the quantity available at the top of the order book, your orders are filled according to what is available in the order book.

To view how we model TradeStation order fills, see Fills.

If you trade with a margin account, trades settle immediately

To view how we model settlement for TradeStation trades, see Settlement.

When you deploy live algorithms with TradeStation, we don't save your brokerage account credentials.

You can deposit and withdraw cash from your brokerage account while you run an algorithm that's connected to the account. We sync the algorithm's cash holdings with the cash holdings in your brokerage account every day at 7:45 AM Eastern Time (ET).

The following algorithm demonstrates the functionality of the TradeStation brokerage:

You must have an available live trading node for each live trading algorithm you deploy.

Follow these steps to deploy a live algorithm:

1. Open the project you want to deploy.
2. Click the Deploy Live icon.
3. On the Deploy Live page, click the Brokerage field and then click TradeStation from the drop-down menu.
4. Click on the Environment field and then click one of the environments.

The following table shows the supported environments:

Environment	Description
Simulator	Trade with paper money
Live	Trade with real money

5. Click on Authenticate button.
6. On the TradeStation website, login to your account to grant QuantConnect access to your account information and authorization.
7. Click on the Select Account Id field and then click on one of your accounts.
8. Click the Node field and then click the live trading node that you want to use from the drop-down menu.
9. (Optional) In the Data Provider section, click Show and change the data provider or add additional providers.

In most cases, we suggest using the QuantConnect data provider, the TradeStation data provider, or both. The order you set them in the deployment wizard defines their order of precedence in Lean.

10. (Optional) Set up notifications.
11. Configure the Automatically restart algorithm setting.

By enabling automatic restarts, the algorithm will use best efforts to restart the algorithm if it fails due to a runtime error. This can help improve the algorithm's resilience to temporary outages such as a brokerage API disconnection.

12. Click Deploy.

The deployment process can take up to 5 minutes. When the algorithm deploys, the live results page displays. If you know your brokerage positions before you deployed, you can verify they have been loaded properly by checking your equity value in the runtime statistics, your cashbook holdings, and your position holdings.