Can a semi automated ProOrder system work?

Forums ProRealTime English forum ProOrder support Can a semi automated ProOrder system work?

Viewing 6 posts - 1 through 6 (of 6 total)
  • #248059

    I realise my question might sound stupid.  Being very new to ProOrder and would like to know if I can build a semi automated strategy, or rather does ProOrder allow for this tweak?  for instance, in the case of a long trade, I manually open the trade then instigate via Pro Order the close out rules etc.  Apologies if something similar to my question has been previously posted on the forum. Pro Order for me is via IG and trading is in primarily the DAX spread bet contract.

    #248062

    No, not stupid question at all, it would be good if we could do what you want above, but we can’t.

    Nearest we can get is to use Alerts and their Associated Trigger function … see attached at the red arrowhead.

    2 users thanked author for this post.
    #248064

    Even using Alerts, you could only open Long or Short trades, but if there is a setting somewhere that only allows trades in one direction (maybe a setting in your Account on IG Platform?)  then maybe the Alerts Trigger would close out a Long or a Short?

    Let us know if you have any success or even get near to what you want?

    #248075

    I see. Thank you for your reply and with them in mind I’ll check in IG this week and see what comes of it. They (IG) do have reliable alerts which might help free up my time. I tend to start a trade early am, say between 6 and 8 then have to (all being well) baby sit it until whenever.  A break of a MA gets me out OR a 200 point +ve difference from start and live price. Can be a long day sometimes.

    #248077

    Well you could code up your exity strategy and run this in Demo Backtest but leave runing on forward data.

    Include in your code a GRAPH function to show a ‘1 / true’ when your exit condition is met / true.

    Then set the Alert (see ss I posted above) to both give an Audible Alert and email you when your exit conditions are met and the GRAPH = 1 triggers the Alert.  This way you dont have to sit in front of the screen all the time.

    I use Alerts dozens of times each day … mainly the Audible Alert. I have volume on my PC set to 100% and I can hear it anywhere on the same floor as my PC.

    #248104

    Manual trades cannot be manages with automated systems.

    Automated trades opened CAN be managed manually, though in this case the automated strategy is shut down and you will have to restart it whenever you need to.

     

Viewing 6 posts - 1 through 6 (of 6 total)

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