Comment on Latest Pi update - 29th Feb 2016
commented on
31 Mar 2016, 07:15 PM
Nitin Ji,
Many many thanks for your teams effort.
Each time Pi is getting better and better.
Can you please ad two more features which will definitely help most traders.
1. drawing parallal lines (trend line and trend channel line) like Amibroker.
2. Placing quick order based on candel. For example I have opened candlestick chart of 5 minutes Nifty. I want to go long above 20 ticks of the high of the last closed candle or go short 20ticks below the low of last closed candle. (Pi shall take high of last closed candle and add or subtract 20 ticks automatically and show the value). There should be options to set the variable (20ticks) once and then I can place the trade with a single click long or short. The orders should be market orders. Trigger price = (high of the last closed candle + 20 ticks) when going long. When going short trigger price = (high of the last closed candle – 20 ticks). Once my order is filled there should be two more orders placed automatilly. One is stop loss which is 20 ticks below the low of the same candle in case of buy and 20 ticks above the same candle in case of sell. Another is square off order 80 ticks above the buy price or 80 ticks below the sell price. There should be option to modify orders individually later. In the same order window there should be option to set the quantity.
Let me simplify :
Always the last candle on any timeframe chart is under formation and 2nd from last is closed.
Buy trigger price for market Order = high of closed candle + 20 ticks (adjustable in settings)
After filled 2 ordrs should be placed automatically
A. stoploss = low of the same candle – 20 ticks (adjustable in settings)
B. square off = buy price + 80 ticks (adjustable in settings)
C. Once square off order triggered stoploss order would be cancelled automatically or once stop loss order triggered square off order would be cancelled automatically after that.
Similarly sell orders are just the opposite.