Is it possibe.....to trade like this....???

hi friends i am Rahul:thumb: from delhi, new here, want to b connected to all warriors here who r in pursuit of excellence:clapping: .

first thing i wish to ask that is it possible in automated trading if i fix a value (eg.for gold) 28000 along with a rule to take long position if price remains above 28000 and take short position if the price moves below 28000.

please guide.

thanks.

Nobuddy.....

Isthis too tough

You have to check with your broker if they permit automated trading. Very few brokers do that. Having said that, while it seems easy to think that we will remain long above a level and short below it, it is not as easy as it seems. Whipsaws occur around every level due to the random nature of the markets.

Hi

Could you kindly clarify your plan a bit more by answering maybe some of the following questions :

What kind of orders would you place by your broker ? (Build on what beside just over and under a certain level)

What are you doing in case one order on one side is not filled and market just runs away in the other direction because of a huge gap ? What do you know about it and did you ever make any games with such scenarios ?

Where would be your range to go one position short and one position long ?

Why would it be this range and not an other one ? ( Example of profit )

Are you familiar with delta trading ?

Would it make sense to place your range within the direction of the market ?

Are you familiar with programing trading systems ?

Tc

DanPickUp

if 10-15 time sideways happen 27900-28100 ur portfolio would be of broker:thumb::thumb::thumb: