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Date/Time: Wed, 12 Feb 2025 20:54:54 +0000



Question about automating a limit order above a trendline

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[2020-11-14 17:37:25]
User710679 - Posts: 43
Hi,

I am trying to implement the following automated system using a spreadsheet.

First i draw a channel using parallel trebdlines where the price is contained. So i would like to buy when the price is close to the lower line of the channel (assuming it is a bullish channel)

My goal is to have the ability to place a buy limit order that will follow the trendline, and it will be adjusted as the price develops being always 1 tick above the trendline that i hace been drawn in the chart.

Any thoughts?

Thanks a lot!

David

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