Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Line Trading – OpenAlgo Automation Module for Amibroker Users

55 sec read

The line Trading Automation tool is designed for Manual traders who want to perform level-based trade execution faster and also bring some advanced trade management in their trades (multiple entries, targets, stops, pyramiding, martingale, etc)

Line Trade Automation v1.0

What is Line Trading Automation 1.0?

•Draw Horizontal Lines or Trend Lines in Amibroker When the levels are touched then the Line Trade Automation Module will convert into signals and orders will be transmitted to the broker automatically.

•Module Supports Multiple Entry, Targets, Stoploss levels can be drawn and converted into orders, Supports pyramiding.

•Module prevents placing multiple orders at the same signal

•Supports Intraday and Positional Trades

•Supports 3 Long Entry, 3 Long Exit(Target/Stoploss), 3 Short Entries, and 3 Short Exit (Target/Stoploss) Line based trading.

Smart Order Exits

Smart Orders are enabled while exiting the position.

•If there are no open positions and if exit orders are triggered then those orders are smartly ignored.

•Provision to close only Current Quantity and All  Open Positions is provided so that traders can flexibly use their own exit methods

Requirements

●OpenAlgo Installed and Configured

●OpenAlgo Supported Brokers

●Amibroker 6.0 or Higher

●Realtime Datafeed Subscription

Type of Entry and Exits (Amibroker Terms)

where the characters ‘B’. ‘X’, ‘S’, ‘C’ are used along with horizontal or trendline study names.

Type of Trendline Signals

Type of Entry and Exit Trendlines

Drawing Trend Line and Assigning Study Name

Drawing trendlines and Assigning study ID

Pyramiding and Pyramiding Settings with Targets

Using Line Automation for Pyramiding

Creating Multiple Entries and Multiple Stops using Line Automation Module

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

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