I am looking for rather simple software/website/code maker can automate a trade that enters above the high of the previous day and exits when the trade hits a moving average. Any assistance will be great deal of help. Thanks in advance
placing the orders above the previous day high is easy. I wrote an orderloader for IB that you could use. Exiting when a moving average is hit requires subscribing to the data stream, calculating average, placing correct order, handling that fill. Maybe the quantopian library can do it easily in IB https://www.quantopian.com/
NinjaTrader is indeed worth looking into. I use it with Interactive Brokers for algorithmic trading, and the combo works reasonably well. However, the biggest weakness in that combination is Interactive Brokers. Interactive Brokers recommends that you log off daily, which is a pain when you trade with algorithms. You can do workarounds, but if you don't do the daily logoff then Interactive Brokers' TWS platform becomes unstable. Note that if you are doing a TradeStation / IB combo for algorithmic trading, you will have to pay a $150/month fee for the TradeStation software. With NinjaTrader you pay $50/month or $1500 for a lifetime license. Best Regards