I need a simple algo programmed in EasyLanguage, and I need guidance implementing it on TradeStation as I have never done this before. I'd like to backtest this with various time frames, then, if it seems to make sense, trade it in a simulated account for a few weeks, and then trade it live. My knowledge of EasyLanguage is 0, and my knowledge of the TS platform is limited to manually entering buy and sell orders.
Here is the algo.
1. Go long ETF "ABC" (market order)
2. Set a profit target of 10% above the price filled in 1. (sell limit order)
3. Set stop-loss of 3% below the price filled in 1.
4. If sold, re-enter market as per 1. above on the next day
I am looking for a mix of experience and value