Question to all on setting buy/sell orders...
I'm a new user of MBTrader. Scenario: I just went long 100 shares of stock XXYZ. Is there any way I can set upside and downside limit sell orders simultaneously, and then if one is hit, have the other cancelled? This would allow me to EITHER take profits or stop a bleeder, and protect me from going short after making the first sale.
Further, is there any system commercially available that will allow me to set a limit buy, followed by the limit sell scenario outlined above (contingent upon making the initial buy)? While I'm at it, what I really want for Christmas is a system that I can instruct to trade based on simple Boollean logic... 1. The Buy. If stock X hits 25 with right price direction/momentum and strong vol, then buy 100 shares; 2. The Sell. If/When stock hits either 24 or 26, sell those 100 shares. 3. The Buyback...if conditions XYZ are met, buy the stock back.
I want the power to program in scenarios and have my trading software do the actual trades for me. This will give me a heck of alot more freetime, and it will mean that the trade gets done - sometimes I get emotional and don't stick to my gameplan. I know what I want to do - I get so frustrated having to sit in front of the screen, drone-like, actually carrying it all out.
Am I dreaming? Or is there something like this out there?
P.S. I'd also like to have a neural net program learn my trading style and, after a sufficient learning period, do it for me. But I'm guessing that's probably not widely available right now... |
