Platform Help

[godoftrading]

hello all!

need some help with setting up the 'perfect' platform. i have developed a strategy swing trading stocks daily that is very profitable for me. it took me a while to get it perfect but now i have been profitable trading live for over a month. my problem is with my platform i screw a few trades up here and there because of the way things are set up and this is whats preventing me from maximizing my profits.

its pretty simple what i'm looking for. and here is the list.

- the ability to click on a chart and use hotkeys to enter eg. F1: buy, F2: short
- the ability to have bracket order exits.
a little about the strategy. targets are always %. so for example i get in at 25.00 say the platform should know that for a 25$ stock i use a 2% first target and 4% second target. so it automatically sets these targets.
- the ability to have stops be a set point value (i use a 1 pt stop) while targets remain %


essentially this is what i am looking for. i want to be able to click on the chart, press a hotkey and be done. my targets and stops are already mechanical, everything is set. its just that with my current setup i have to manually enter all that information after i enter. this slows me down and sometimes leads to me having an error or two.

if someone would know how to do this, what platform to use and how to set it up please let me know. i would truly appreciate it.

thanks for all the help!!!

[godoftrading]

also i forgot to mention. i am currently using ninja trader. from my knowledge this platform is very fixable and can be programed with coding (i have no clue how this would work.)

if anyone would know about this as possible solution some help would be greatly appreciated.

thanks again!

[EugeneFXI]

Hi Godoftrading,

Sounds like you have a pretty good idea of what you need! I don't really have much experience with NinjaTrader, but as far as MT4 is concerned, here's how I can envision your needs working out:

1. Hotkey Trading: You can accomplish this via the "Scripts" feature of MT4, and assigning a hotkey to it. Here's an interesting script you can use for reference (unfortunately the interface is in Russian): http://codebase.mql4.com/3582 and also this one: http://codebase.mql4.com/3351
2. Bracket Orders: This is something that will likely have to be done as part of the script above, as it will take quite a few clicks to do this the 'normal' way.
3. % Take Profit: Also part of the script, as it is much easier to do math calculations as part of an MQL script, than trying to get MT4 to do it your way otherwise. This should be relatively easy to do.

So the more I think about this, the more I feel you'd need to use the Scripts functionality of Mt4 to develop your system according to your specifications. The great thing about scripts is you can assign a hotkey to them, while their behavior is entirely customizable.

I wish I could do more to help you in NinjaTrader, but its just not something I am familiar with.

PS: I am going to move your post to the MT4 forum, where you might get more help.