Rodion
12-20-2008, 11:38 AM
Hi, I'm new to the subject and have just about 2 month experience in stock day trading. I'd like to discuss here day trading software and its' features.
I'm currently using QuesTraderElite (same as AxisTrader) and I have DAS trader Pro in demo mode for about a week.
Here is a list of features I would love to have in my software and I have no idea if they exist in other programms:
1. --- Automatic stop order placement. ---
I think I really need this one so badly! Sometimes it's such a rush and it's really hard to enter it very quickly. And yes, sometimes a trade goes against me right away really fast (Ultra Shorts for instance.) and I need assurance that my $ are protected.
Do you know software that has a feature like this?
1.1 --- Automatic exit ---
It would also be really nice to be able do define some exit strategies. At least very basic ones like:
After my order gets executed place a stop 1 point below and sell when price goes 2 points above.
Do you know software which is able to do that and may be provide you with tools to define more complex exit strategies?
2. --- Programming capabilities ---
I'm looking for a way to implement the following idea:
I'm getting a call from a day swing professional trader who provides me with symbol, entry price and exit target(s) in real time, right after he entered the trade.
I would like to have a trading platform which would be able to receive this data in some way and which would have a programming capabilities so that I could write an algorithm for entering and exiting a called trade based on the information provided. The program that will feed trade data into a trading platform is written already by me and I can adjust it in any way to receiving platform requirements.
Do you know any trading platform which allows all that?
Does it seem like a crazy idea to you guys? )
Thank you!
I'm currently using QuesTraderElite (same as AxisTrader) and I have DAS trader Pro in demo mode for about a week.
Here is a list of features I would love to have in my software and I have no idea if they exist in other programms:
1. --- Automatic stop order placement. ---
I think I really need this one so badly! Sometimes it's such a rush and it's really hard to enter it very quickly. And yes, sometimes a trade goes against me right away really fast (Ultra Shorts for instance.) and I need assurance that my $ are protected.
Do you know software that has a feature like this?
1.1 --- Automatic exit ---
It would also be really nice to be able do define some exit strategies. At least very basic ones like:
After my order gets executed place a stop 1 point below and sell when price goes 2 points above.
Do you know software which is able to do that and may be provide you with tools to define more complex exit strategies?
2. --- Programming capabilities ---
I'm looking for a way to implement the following idea:
I'm getting a call from a day swing professional trader who provides me with symbol, entry price and exit target(s) in real time, right after he entered the trade.
I would like to have a trading platform which would be able to receive this data in some way and which would have a programming capabilities so that I could write an algorithm for entering and exiting a called trade based on the information provided. The program that will feed trade data into a trading platform is written already by me and I can adjust it in any way to receiving platform requirements.
Do you know any trading platform which allows all that?
Does it seem like a crazy idea to you guys? )
Thank you!