Is it possible to build a semiauthomatic trading system with prorealtime??
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I want to know if it is possible to create a semiauthomatic trading system.
- I would mark a support zone. When the price went below it, a BSLO order would be insert in case the price went above that area again, with a small stop loss.
If you make a Strategy (Autotrading program) which is able to enter the market (take a position), then it can be YOU who starts the Strategy when the price has entered the support zone. So notice that in this case it will be YOU who starts the program in the first place.
Next, the program will take a position (buy shares etc.) based upon the algorithm you programmed. Theoretically this can be “never” after all (because the algorithm does not like what it sees regarding price development – it may run out of the support zone again etc.) and you’d need to Stop the Strategy manually (at least I think this can not be done automatically – but not sure).
Notice that when you Stop the Strategy, it is a parameter choice to let the position run, and which from then on allows for manual manipulation again, or that the position is Exited right away.When the program has taken a position :
- At a small % it would trim the position and then let it run.
- in case it gets stopped out, it would enter the the BSLO order again.
the program could do that, but the second subject above does not comply to how you started out with the “support zone”. It may not be in that zone any more.
I hope this got you thinking, because in the end the program could do all, if it only could determine the comfort zone.
No, from any code you can’t access what’s drawn on your chart.
This is correct for when you draw the lines (etc.) yourself. But as soon as the program is able to draw the line (it could be an average and 1000 things more), your program will know where that line is. So in the end, the program can do all and should do all. However :
but you can make an automatic trade manual by simply changing any value, Stop Loss or Take Profit, provided you have set the option to let trades run after a strategy is shut down
This may not be fully clear to you because the “automatic trade” here lies in the fact that setting a Limit on e.g. a Buy order is a kind of automatic trading as well. You set it, go to sleep and tomorrow you may be rich or poor. You can set Limit orders for both buy and stops at the same time, and it works if only the price swings from the one to the other. Anyway … it looks that you ant to do *that* instead of making a program for a Strategy and it would do all kinds of things beyond what you currently know (?). To me it looks like you want to start with a trailing Buy order (this trails the price lower and lower until it goes up again and then buys). Notice, however, that on the PRT-IG platform I could not get this to work reliably. On PRT-IB it works perfectly. Example :
- Set Trailing Buy (with your own set distance).
- When the position is taken, set a Trailing Stop at the moment you see sufficient profit and again with the distance of your liking.
- With the notice that your trailing stop can be a “Reverse” because you entered 200 pieces while the position was for 100, at the moment the stop occurs you are immediately in a Short by 100 for the reverse direction. When this position has been taken, you go back to step one and place a trailing Buy again (which then looks as a regular Trailing Stop with the difference you could again set it to 200 for reversal).
Fun ?
I think so.1 user thanked author for this post.
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