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Date/Time: Mon, 06 May 2024 02:51:24 +0000



Post From: Trade options based on stock price movement

[2013-05-02 18:28:42]
User76625 - Posts: 49
I tried your suggestion, however, it's not working as well as I would have hoped. Now I have 3 times as many charts running (stock + call + put), multiple new studies, and it seems like a lot of unnecessary extra overhead. Plus, stops are an issue since the option positions should be opened and closed based on the underlying stock movement, not the option movement.

I was looking through some products similar to SC and found that some offer a "symbol mapping" option so you can trade on one chart, and map the actions to another symbol. That's what I need. That could be a complicated feature request, but I figured you would know more about what that would actually entail.

It was thinking of something like a 'symbol' member for s_SCNewOrder - if not defined, it would default to the chart symbol on which the study is placed. Or, you could choose to input your own symbol to trade.

Would that be difficult, or really difficult to implement?