Hello
The concept of trading from the chart is great but a key component of it should be speed in my opinion! Especially for day traders.
Currently I find it quite a laborious task to get all elements of a position set up - entry, stop, target.
What I envision, is a simple right click, then a "trade" button.
This would immediately put 3 lines on the chart. One at my current position, one below it, one above it.
There could be a drop-down menu attached to each line...
So the first I would choose buy limit, then there would be a window to fine tune the exact entry price and a tick to confirm it.
This is now "armed" and accepted as an order.
This could automatically "arm" the other two lines - the one below as a stop mkt which can be dragged to the exact price after entry price armed, ans the one above as a sell limit order for example.
Another feature which would be excellently useful, is that both the stop and the take profit orders update in real time with how many shares are bought at entry.
Often, if using a limit order, not the whole order is filled.
Example, I try to buy 1000 shares but only 600 are filled before price begins to move up and away.
Well, obviously I don't want my stop or my take profit to still be 1000, as if hit, that would then enter me into a short position.
They need to both update correspondingly and automatically.
Make sense?
Thanks!
The concept of trading from the chart is great but a key component of it should be speed in my opinion! Especially for day traders.
Currently I find it quite a laborious task to get all elements of a position set up - entry, stop, target.
What I envision, is a simple right click, then a "trade" button.
This would immediately put 3 lines on the chart. One at my current position, one below it, one above it.
There could be a drop-down menu attached to each line...
So the first I would choose buy limit, then there would be a window to fine tune the exact entry price and a tick to confirm it.
This is now "armed" and accepted as an order.
This could automatically "arm" the other two lines - the one below as a stop mkt which can be dragged to the exact price after entry price armed, ans the one above as a sell limit order for example.
Another feature which would be excellently useful, is that both the stop and the take profit orders update in real time with how many shares are bought at entry.
Often, if using a limit order, not the whole order is filled.
Example, I try to buy 1000 shares but only 600 are filled before price begins to move up and away.
Well, obviously I don't want my stop or my take profit to still be 1000, as if hit, that would then enter me into a short position.
They need to both update correspondingly and automatically.
Make sense?
Thanks!
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