Ib accumulate/distribute

Discussion in 'Automated Trading' started by marwanco, Jun 26, 2011.

  1. marwanco


    Hi traders,
    I was trying to automate simple ideas in ib accumulate/distribute algo setting.
    I liked the easiness of defining The conditions of execution in plain English rather programming, but couldn't do what I whant due to lack of conditions, for example
    If position = 0 is not available, less greater than are available.

    This is my condition.
    If positions that i have =0, every minute Buy one contract of NQ
    If loss more than 60$ reverse by shorting 2contracts at market.

    Now I have one short contract, again if loss is 60$ then buy 2long.

    It will keep doing it until a trend is found.
    Then other conditions could be added.

    I couldn't implement this with ib,because lack of conditions.

    The question is , are there other utilities, software that will allow to formulate a strategy in plain English, and execute in ib?