Hitting the Zone
Budget: $50 – $0 USD
The procedure would be as follows:
User decides to monitor a particular stock and enters the following values in the app:
a) Stock symbol
b) Position size (number of shares to be traded. Example: 100)
c) Type: Long only, Short only, either
d) Lookback period (the number of timeframes reviewed in order to establish the high and the low for that period.)
e) Top Zone (the area I designate that will trigger a transaction of position reaches that price. Example: 2.5% - if price action of the stock comes within 2.5% of the top price for the last lookback period than Short the stock.
f) Bottom Zone: If price action of the stock comes within 2.5% of the lwest price for the lookback period than go long the stock.)
g) Profit Target (number of points)
h) Stop Loss (number of points)
i) Stable time period: this is the length of time that a price must “rest” once in the Top or
Bottom Zone in order to trigger an execution. Typically: Two seconds. Example: Top price in a zone is $100 and program calls for execution if price reaches within 3% of the high ($97). But if price is still moving no execution is made as price may go higher. Execution is made when price sits still for whatever the “Stable Time Period” is set at.
Rules:
1.The app need only allow one transaction at a time. In other words the stock is either long or short or there is no position. If it is long, for example, a new position cannot be taken by the app until the existing position has been closed. HOWERVER, user should be able to add a position manually if desired. In other words, user should be able to double up or close the positon outside of the app.
2, We need to be able to run several symbols simultaneously. In other words, run the app for Apple, for Microsoft, for Tesla, etc. Maybe 10 different positions.
3. As a position is held timeframes (I use one minute) will be added on and a new high or low may be added to the Lookback Period.
Inputs to the app should remain in place until changed.
User decides to monitor a particular stock and enters the following values in the app:
a) Stock symbol
b) Position size (number of shares to be traded. Example: 100)
c) Type: Long only, Short only, either
d) Lookback period (the number of timeframes reviewed in order to establish the high and the low for that period.)
e) Top Zone (the area I designate that will trigger a transaction of position reaches that price. Example: 2.5% - if price action of the stock comes within 2.5% of the top price for the last lookback period than Short the stock.
f) Bottom Zone: If price action of the stock comes within 2.5% of the lwest price for the lookback period than go long the stock.)
g) Profit Target (number of points)
h) Stop Loss (number of points)
i) Stable time period: this is the length of time that a price must “rest” once in the Top or
Bottom Zone in order to trigger an execution. Typically: Two seconds. Example: Top price in a zone is $100 and program calls for execution if price reaches within 3% of the high ($97). But if price is still moving no execution is made as price may go higher. Execution is made when price sits still for whatever the “Stable Time Period” is set at.
Rules:
1.The app need only allow one transaction at a time. In other words the stock is either long or short or there is no position. If it is long, for example, a new position cannot be taken by the app until the existing position has been closed. HOWERVER, user should be able to add a position manually if desired. In other words, user should be able to double up or close the positon outside of the app.
2, We need to be able to run several symbols simultaneously. In other words, run the app for Apple, for Microsoft, for Tesla, etc. Maybe 10 different positions.
3. As a position is held timeframes (I use one minute) will be added on and a new high or low may be added to the Lookback Period.
Inputs to the app should remain in place until changed.
Related categories:
R Programming Language