Stochastic 50
Budget $30-250 USD
Stochastic 50 trade automation description
The basic Idea is that an order will be generated once the stochastic D (slow line) crosses the 50 level. The order will be closed in 2 parts .
Example for a Long:
1. The Stochastic crosses up through the 50 level and 200 shares are bought passively bidding a penny above the bid.
2. Once in the position, the first 50% of the position will take profit or stop out when price closes below the low of the previous 3min candle. Shares will be offered out a penny below the ask price on take profit. And stop out can hit the ask.
3. The second half of the position will now have a break even stop and will take profit when the stochastic crosses down through the 50 level. Shares will be offered out a penny below the ask price. Stop out can hit the ask.
4. This Strategy will run on a 3min time frame.
5. I would also like to be able close out of positions manually with pending orders canceled for those particular shares. Ex: I close the remaining 50% of the trade and the pending order for the take profit to close at the crossing down through the 50 level is canceled. To prevent extra orders.
This strategy will be the exact opposite for short trades.
Short and Long strategies will run together trading simultaneously. While one closes the other opens.
When the program is first turned on conditions need to be met for the first trade to open.
I’m looking to trade passively to capture rebates and reduce commissions.
 
Example for a short:
1. The Stochastic crosses down through the 50 level and 200 shares are sold short passively offering out a penny below the ask.
2. Once in the position, the first 50% of the position will take profit or stop out when price closes above the high of the previous 3min candle. Shares will be bid out a penny above the bid price on take profit. And stop out can hit the bid.
3. The second half of the position will now have a break even stop and will take profit when the stochastic crosses up through the 50 level. Shares will be bid out a penny above the bid price. Stop out can hit the bid.
4. This Strategy will run on a 3min time frame.
5. I would also like to be able close out of positions manually with pending orders canceled for those particular shares. Ex: I close the remaining 50% of the trade and the pending order for the take profit to close at the crossing up through the 50 level is canceled. To prevent extra orders.
2 freelancere byder i gennemsnit $325 på dette job
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