Hi I'm a 19 year old college student and have traded in the markets for several years. I have been using Scottrade and recently transferred my account over to IB I am relatively experienced in Java as I'm a computer engineering major. My goal is to do the following...(the RSI is just an example)
-While I am at school have a program I turn on in the morning and scans through a predetermined watch list of solid stocks between lets say 10 and 40 dollars and to buy a certain amount of that stock when the daily rsi(5) reaches below 3 and sell when it crosses above 50 this could be a 2-5 day time period usually. When the buy signal is flagged it sends the order through IB tws and the same for a sell signal.
I do not want to day trade as i don't have 25k, but use lets say 4000 dollars (usd) to trade every few days, this strategy wont make me a fortune but over time i hope to build up to 25k and then get into automated day trading.
Are there any programs like this out there?
thank you all
-While I am at school have a program I turn on in the morning and scans through a predetermined watch list of solid stocks between lets say 10 and 40 dollars and to buy a certain amount of that stock when the daily rsi(5) reaches below 3 and sell when it crosses above 50 this could be a 2-5 day time period usually. When the buy signal is flagged it sends the order through IB tws and the same for a sell signal.
I do not want to day trade as i don't have 25k, but use lets say 4000 dollars (usd) to trade every few days, this strategy wont make me a fortune but over time i hope to build up to 25k and then get into automated day trading.
Are there any programs like this out there?
thank you all