Hello,
I would like to ask if Wealth Lab can allow auto trading between levels in an auto fibonacci drawing tool? The idea is to backoffice those levels according to market conditions. Broker is IBKR.
Thanks
I would like to ask if Wealth Lab can allow auto trading between levels in an auto fibonacci drawing tool? The idea is to backoffice those levels according to market conditions. Broker is IBKR.
Thanks
Rename
Drawing tools are for manual drawing only, but you can create your own method to draw whatever you like in a Strategy. Use DrawLine() as many times as you want.
The big question is, what is the condition at which it should be drawn?
Secondarily, how many times do you want to draw it historically? and extend it to where?
The big question is, what is the condition at which it should be drawn?
Secondarily, how many times do you want to draw it historically? and extend it to where?
You said "auto trading" and "backoffice those levels". Explain the rules.
Thanks for your reply. The auto fibonnaci is supposed to auto draw when NQ/ES move more the X ammount of points (intraday) and a reversal candlestick pattern happens. Then the limit orders on the fibo levels go live (levels changeable on backoffice). Is this possible in ths software?
Of course. ANYTHING is possible.
If you can't do it yourself, consider concierge support:
https://wealth-lab.com/Support/Concierge
If you can't do it yourself, consider concierge support:
https://wealth-lab.com/Support/Concierge
So if I understand correctly the software can auto trade fibo levels without the manual drawing is that it?
Another question I have is can my PC be turned off and still the trades go live?
thanks
Another question I have is can my PC be turned off and still the trades go live?
thanks
A Strategy could be PROGRAMMED to do that, sure.
And no if you turn your PC off WL won’t be running any longer.
And no if you turn your PC off WL won’t be running any longer.
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