algo question

N

Newbie11

Sorry if this is the wrong place to put this kind of post. My trading style requires me to take on 5-15 stocks early in the morning. It's hard to manage all of these. Is there any way I can use an algo to just set a max loss for all of them at lets say $100 and then kicks me out while just letting my profits run till I decide to get out of the winning ones? I know this is a loaded question but if anyone is interested in algo trading please help me out :cool: I assume this wouldnt be hard to program.
 
Quote from Newbie11:

Sorry if this is the wrong place to put this kind of post. My trading style requires me to take on 5-15 stocks early in the morning. It's hard to manage all of these. Is there any way I can use an algo to just set a max loss for all of them at lets say $100 and then kicks me out while just letting my profits run till I decide to get out of the winning ones? I know this is a loaded question but if anyone is interested in algo trading please help me out :cool: I assume this wouldnt be hard to program.
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10 stocks with $100 max loss? What are you trading, 5-10 shares each?
 
Quote from WinstonTJ:

yes


Does your broker allow for stop losses and/or trailing stops?
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Yes they do but my style is too hectic for me to manage all of the stocks. Profitable if I manage the risk at -$100 tho but need it done instantly.

Quote from intradaybill:

10 stocks with $100 max loss? What are you trading, 5-10 shares each?
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I didn't mean 10 stocks lol I meant 10 different stocks at 100-300 shares. works fine for me. Havent had a losing day in a while but the ones that run against me totally mess up my profits by the time I get a chance to get out of them. Thats why I need an automatic out trigger at -$100 on every trade
 
Another question if my original one is too loaded, does anyone know how much it would cost to pay a programmer to make a system like this and where I could find them? Im sure its not that hard to just make a stop-loss script really quick
 
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