Trendline Trading

[retire45]

Does anyone here know of a platform where you can right-click a trendline and instruct to close, reverse,.. etc on price close through the trendline?? Tradestation has it but I find it not well implemented at all.. Trendlines are perhaps the most used way to determine trends so you would think this would be a VERY common feature.

Thanks..

 

[retire45]

This would be most useful as a trailing stop loss.. I am yet to find any way to properly trail a position. Most I have seen are linear. This way I can visually determine the rate at which the trail occurs.

 

[Hook N. Sinker]

I am not able to define trend lines for my computer programs. I think trend lines are sometimes an opinion and perhaps an illusion. I suspect speed lines might be defined sufficiently for me to write computer programs.

 

[retire45]

Trendlines as I know them are drawn manually every time. I am not looking for computer automation for this.

 

[Jwhite198621]

Check Open e cry's platform out. When I demoed with them, I recall applying a trailing stop to a trend line.

 

[soltron45]

If you trade forex you can use IG markets. They use pro realtime as their charting package and it allows traders to manage trades via trendlines.

 

[retire45]

Trading futures only... I will look at both Open E Cry and ProRealTime.. Thanks

 

[TigerBalm]

retire45, I believe Amibroker can alert when price crosses a trend line (I have not tried it out personally, just informing you from memory). Check out this thread, which also has the script used to achieve the alert:

http://www.mail-archive.com/amibroker@yahoogroups.com/msg07600.html

Edit : Just noticed that you asked for actions (close your order, etc not just alerts. This should be possible, but you will end up learning AFL, the scripting language.

 

[retire45]

Thanks I will look at it..