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I'm looking for advice on automated exit strategies.
The automation could be technical analysis/charts based or SDK based.
I've devised techniques which reasonably predict upward stock
movement over the next 2+ days. My current strategy to exit a given
stock is strongly momentum based. It's something on the order of
sell if the current bid price drops below the most recent 24 hour
average bid price less a tollerance of 1% or so; and also sell if the
current bid price drops below the corresponding price of the previous
day.
This is doable, but cumbersome. I'd like some suggestions for a
simpler approach.
Thanks,
Peyton H
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