Automated trading strategies option

It would be great to have automatic trading strategies option, incorporating, volume, delta, open interest, speed of tape, Bars patterns, horizontal rays

This would mean traders will have the option to select any combination of the above tools/indicators, with pre-set values along with the trading parameters like Stop Loss, Take Profit, break even.

example of conditions:

Volume value = 100k

Delta Value = +20k

Open Interest Value = +5k

Speed of Tape = crosses average line

Horizontal line = price has hit it

Execution: open position for x amount and activate current exit strategy

also for horizontal rays/lines to have the option to say what you want to happen once price hits it, such as, if price crosses up the ray, i want to open a short position if price crosses back bellow the line giving a much faster option of catching fake out trades rather than relying on the speed of your hand to press buttons. Currently this can only be done by trading view by trading view alerts, where it allows you to execute trades based on alerts, where alerts have the option of (crossing down, crossing up, or close above/bellow)

This will probably be a lot of work, but it will open up a new dimension to ATAS and take it to the next level by allowing for automation.

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Upvoters
Status

In review

Board

💡 Feature Request

Date

About 2 years ago

Author

SCF

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