Do any platforms let you enter a trend-line trade?

[bobjr]

I've been trying to find a trading platform that allows you to enter a trade on a vector-- i.e., by drawing a line on the chart, so that the price of the stop or limit order will change over time at a rate given by the line's slope.

This seems like a feature that is fairly easy for a desktop-running platform to incorporate, but I have not found one that has it yet. Any suggestions?

Thanks

 

[santosLhalper]

I don't know of any but that would be a really flippin sweet feature. Sorry I couldn't be even remotely helpful.

 

[AlmostGotIt]

I don’t know of any software that has that capability hard coded into it already, the next place to look would be to look at charting software with add-in scripting languages. eSignal Forumla Script is capable of doing that, you would have to code it yourself, but the necessities are there... like drawing the line, detecting where price is relevant to the line, and submitting an order if eSignal integrates with your broker. TradeStation’s easy language might be capable of doing that too, but I don’t know easy language so I cant confirm that.

 

[fearless9]

Quote from bobjr:

I've been trying to find a trading platform that allows you to enter a trade on a vector-- i.e., by drawing a line on the chart, so that the price of the stop or limit order will change over time at a rate given by the line's slope.

This seems like a feature that is fairly easy for a desktop-running platform to incorporate, but I have not found one that has it yet. Any suggestions?

Thanks

You could probably code it into Ninja Trader, but why would you want to do it.
The whole idea is to make money.

regards
f9

 

[MandelbrotSet]

You can do it in QuoteTracker

 

[tmarket]

These tools have been developed and are available from CodeForTraders, a 3rd Party Tradestation vendor and long time TS Users:

TL Breakout Trading

Package: DIDA's Kiwi Trendline Breakout Trading for TradeStation

http://codefortraders.com/Tradestation/Strategies/TL_BO_Trading.htm


TL Limit Entry

Package: DIDA's Kiwi Trendline Limit Entry for TradeStation

http://codefortraders.com/Tradestation/Strategies/TL_Limit_Entry.htm

I have no vested interest with the vendor.

 

[Fractals 'R Us]

Multicharts can read hand drawn objects into the strategy. Ninja cannot do that. With Ninja you would have to have the strategy do the drawing, not easy sometimes...

 

[uexkuell]

Quote from MandelbrotSet:

You can do it in QuoteTracker

Please explain.

AFAIK there is no script language in QT.

 

[stevegee58]

Quote from MandelbrotSet:

You can do it in QuoteTracker

You can set a trendline alert, but as far as I know you can't trigger a trade with it.

 

[Alegnus]

In Tradestation, you can hand draw a line on a chart and have an order executed based on price crossing the line you drew. You can enter three lines of different color for entry, stoploss, and profit target. The code is readily available on their forum if you have access to it.
https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=5863

Good Luck.