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Date/Time: Mon, 06 May 2024 02:35:11 +0000

Post From: Trade options based on stock price movement

[2013-05-02 19:58:59] Link To Thread - Link To Post [Go To First Post]
User76625 - Posts: 49
Yeah, that's kind of what I have set up as an interim fix. I have my stock chart with its studies on it, and an extra custom study that is 1 when it gives a buy signal, -1 when it gives a sell signal, then I have that custom study overlaid onto my option charts to send orders for calls when it's a 1, and to send orders for puts when it's -1. It works OK for entries, it just creates a lot of extra charts and studies to run. The real problem is that it then sends trailing stops based on the option price, when I actually also want my stops to be based on stock price (i.e., stock falls to 100, sell my option contacts). The trailing part also doesn't work well with options. It just seems like it would be so much easier to have one chart and just write code as if I was trading the stock, except be able to choose what it actually buys and sells when my signals are triggered.