Is it possible to open a trade manually and then have it close automatically?

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  • 01/10/2024 at 10:49 PM #226208 quote
    idunnomuch
    Participant
    New

    Basically as per the title.

    I would prefer to open a trade manually, but then keep that trade monitored using prorealtime that would close it automatically based on my parameters. Is this possible at all?

    thanks.

    01/11/2024 at 8:14 AM #226215 quote
    Jean FX
    Moderator
    New

    You can create alerts based on your conditions (indicators, for instance) and link an order to to the alerts when it is triggered.

    01/11/2024 at 9:08 AM #226216 quote
    GraHal
    Participant
    Master
    idunnomuch wrote:

    close it automatically based on my parameters

    You could start an Algo at, for example, 8am and have a Buy Condition as below and also have your exit conditions coded into the Algo.

    If Time > 080000 Then
Buy at Market
Endif

ExitCond = a AND b AND c 
If LongonMarket AND ExitCond Then
Sell at Market
Endif

    As soon as the Algo executes the code, a Buy would execute … in the example above, if Algo started running at 8am.

    01/11/2024 at 10:43 AM #226218 quote
    robertogozzi
    Moderator
    Master

    Autotrading is not aware of trades opened manually, so they can’t be dealt with.

    On the contrary, trades opened in autotrading can be modified and closed manually, but in this case the strategy will be stopped immediately, so you will have to take care of those trades yourself (closing, setting a trailing stop etc…), then restart your strategy when needed.

    01/11/2024 at 10:54 AM #226219 quote
    GraHal
    Participant
    Master
    GraHal wrote:

    exit conditions coded into the Algo.

    After Exit use QUIT and then repeat the process by starting the Algo again as Roberto says above.

    QUIT

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Is it possible to open a trade manually and then have it close automatically?


General Trading: Market Analysis & Manual Trading

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idunnomuch @idunnomuch Participant
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This topic contains 4 replies,
has 4 voices, and was last updated by GraHal
2 years, 1 month ago.

Topic Details
Forum: General Trading: Market Analysis & Manual Trading
Language: English
Started: 01/10/2024
Status: Active
Attachments: No files
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