Glitch8
 ( 10.65% )
- ago
I'd like to get some support for trading directly from the streaming chart, especially since we plan to integrate more brokers, Tradier is nearly ready to roll out. We could have things like:

- configurable quick trade buttons
- tradable trendlines that automatically place a trade when breached
- tradable horizontal lines (support/resistance)
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- ago
#1
I retired a similar request then:
https://www.wealth-lab.com/Discussion/Right-click-trading-on-chart-6369
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Cone8
 ( 6.24% )
- ago
#2
Some ideas -
- for tradable horizontal lines, the general idea would be to send a market order when the next close crosses the line. I'd also like to see an option to configure the line for stop or limit orders. And, moving the line would replace the order.

- OCO Stop and Limit exit box
Draw a box around price action to stage/place an OCO stop and limit orders at the upper and lower bounds. After drawing the box, show a configuration dialog to fine tune the prices and configure for either a long or short exit.
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mjj38
- ago
#3
Along these same lines:

It would be nice to be able to place an order (or an alert) that is based on the net performance of a basket of securities (i.e. exit when the net P&L is [x]). Can't really do this directly with the broker so it would be something that WL8 can monitor and execute.

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- ago
#4
Could these include Fibonacci lines?
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Cone8
 ( 6.24% )
- ago
#5
QUOTE:
Could these include Fibonacci lines?
How so? How many orders do you want to place?

Probably you could draw your Fibonaccis and pick the level you want to trade, right?
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- ago
#6
Also when do you expect to implement the Trading from the Streaming Chart feature?

I am referring to these features:
- configurable quick trade buttons
- tradable trendlines that automatically place a trade when breached
- tradable horizontal lines (support/resistance)
My guess it will look something like the image below?
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- ago
#7
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Glitch8
 ( 10.65% )
- ago
#8
Hi designer01, we don't have those kinds of features in place but they're at the top of the wish list, so we'll be starting to develop them soon.
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- ago
#9
VWAP and/or Bollinger Bands would be very useful
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Glitch8
 ( 10.65% )
- ago
#10
This is already possible in a strategy so i don’t know what more value a manual drawing version of these would be.
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- ago
#11
The new tool is awesome. I believe it can be improved.
1) Allow limit and stop orders to be paired and link so one cancels the other.
2) Allow auto generation of limit and stop orders as % of entry price.
3) When manually updating limit or stop prices in IBD API window allow the horizontal lines in the chart to reflect the updated price.

Thanks for the super cool capability. Makes my life much easier when trading minute bar multiple symbols. Without 1) I have to remember to cancel the unpaired order. Without 2) I have to enter stop and limit orders. Without 3) The horizontal lines are not useful.

None the less the new capability is 3x improvement, but the requested improvements can prevent mistakes and free up my old brain capacity.
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