Hi. I would like to create a strategy that simply monitors positions I open manually through the DOM. Basically, I want to use the strategy as a babysitter for my discretionary trading to remind me (through an audio signal or changing the chart background) to look for a good exit once a certain adverse price level has been reached.
For example, if I open a long position through the DOM, and the price falls back eight ticks, I want the strategy to play a sound file that says "It's not doing what you thought: Exit!" (or something similar) and then repeat at the beginning of each new bar. The position would be closed manually through the DOM (i.e., the strategy would submit no orders).
After reading the distinctions between an ATM and a NinjaScript strategy, I am little confused as to which method (if either) is appropriate for what I want to do.
Thank you.
Regards,
For example, if I open a long position through the DOM, and the price falls back eight ticks, I want the strategy to play a sound file that says "It's not doing what you thought: Exit!" (or something similar) and then repeat at the beginning of each new bar. The position would be closed manually through the DOM (i.e., the strategy would submit no orders).
After reading the distinctions between an ATM and a NinjaScript strategy, I am little confused as to which method (if either) is appropriate for what I want to do.
Thank you.
Regards,
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