What Forex Broker would be able to help with these trading strategies

[Robertwiz]

Hello,

Is there any Forex Broker that has the capacity to work with these following strategies:

1. I want to set up a contingency order where if a stop occurs and the price returns to my entry point, the platform will retry the trade.

2. I want to set up a contingency order where if a trade is successful, profit is taken and the market continues in my direction, I reenter the market with a new trade.

3. I want to be able to have the platform enter an opposite trade if the market stops me out and moves out even further from my initial direction.

In other words, I want additional trades (after my initial trades) to be taken based on

1. Where the market is after the first trade

2. based on the results of that trade

Any suggestions

Thanks

 

[xandman]

That's an Automated Trade Management (ATM) setup. Third-party NinjaTrader developers can program that for you. Or, you can program it yourself.

 

[Sergio77]

You have described an automated trading system. Model the rules and program them or ask a programmer to do it.

 

[xandman]

Roger Sergio77. I should have read the OP more closely.

I was loosely thinking he wanted exits pre-programmed. He actually wants a (re) entry decision automated. impossible I think.

A re-read actually uncovers some disfunctional practices. each of these points matched to his requirements:

1. Stops are too small. so a rebuy is necessary?

2. took an early exit. thinks he can re-enter on a continuation, but will probably miss the meat of the move.

3. Made a mistake on a discretionary trade. There for the opposite of what I did must be the right trade. dangerous thinking here.


Ugh, I'm talking like a know it all. Robert, just tell me to shut up if this bs to you.

 

[loyek590]

Roger Sergio77. I should have read the OP more closely.

I was loosely thinking he wanted exits pre-programmed. He actually wants a (re) entry decision automated. impossible I think.

A re-read actually uncovers some disfunctional practices. each of these points matched to his requirements:

1. Stops are too small. so a rebuy is necessary?

2. took an early exit. thinks he can re-enter on a continuation, but will probably miss the meat of the move.

3. Made a mistake on a discretionary trade. There for the opposite of what I did must be the right trade. dangerous thinking here.


Ugh, I'm talking like a know it all. Robert, just tell me to shut up if this bs to you.

xandman, this is just the way some of us think. We already know exactly what we are going to do if something happens. It would be nice if we had the knowledge to teach the computer to do it, but for us computer illiterate, we look for accepted orders that can simplify.

 

[xandman]

The big money is probably in originality. However, the forex trader would be best served by using a mainstream futures platform that's forex capable.

If a futures platform ain't doing it, it May not be implementable for discretionary trading.

 

[Henry Edith]

I have never heard of a program that can re-enter trades immediately after tp is hit. Please kindly let us know if you are able to find a programmer or a program that could do this. This is an interesting idea.