Auto trading software?

[kingjohn]

Hi guys - newbie, please be nice

I have developed a rule and manually tested it at the close of markets each day, and I think if it was applied to trading each day on the ASX it would give a considerable return.
I've looked at the various pieces of software discussed on this forum (BullCharts, Metatrader, etc), but can't seem to answer my question.

Is there software that will allow me to build a set of conditions (based on volume, price, etc) and then scan a pre-defined list of stocks to find ones that match the criteria, and then automatically place pre-defined opening and closing trades? I'd also like to back-test it, of course.

Thanks in advance - any suggestions would be helpful!

 

[cessna1947]

VectorVest will do what you want except you have to place your own trades so it is not auto trading.

 

[daveM]

Have a look at Fcharts... it is free, if it suits your purpose there is a paid version It will allow you to do quite a bit of work with formulas

 

[brettdecal]

Depends if you are looking for stand alone or cloud based programs.
My favourite Auto trading platform is Myfxbook. I find they keep a close eye on the signal providers in their list and are very quick to shut them down if they stop making money or drift from their trading plan.

 

[lclfze]

Hi guys - newbie, please be nice

I have developed a rule and manually tested it at the close of markets each day, and I think if it was applied to trading each day on the ASX it would give a considerable return.
I've looked at the various pieces of software discussed on this forum (BullCharts, Metatrader, etc), but can't seem to answer my question.

Is there software that will allow me to build a set of conditions (based on volume, price, etc) and then scan a pre-defined list of stocks to find ones that match the criteria, and then automatically place pre-defined opening and closing trades? I'd also like to back-test it, of course.

Thanks in advance - any suggestions would be helpful!

Not sure if you mean to place so much emphasis on automatically trading (presumably without your intervention or monitoring) but it seems to me you should be putting the emphasis on getting a system that works and testing it.

If you insist on automating it, you're either going to be spending a lot of work to do the automation or really restricting your options with choice of software, broker, trading platform etc (assuming there is actually someone offering a suitable product) or both.

I think the risk of an automated ****-up would be high. I am assuming what you want to do can't be done with conditional orders from say Comsec.

Is there a reason why it has to be automated?