Buy the Dip - Stock Bot
This bot seeks to buy dips in key stocks after a 6% drop over a 5 day period.


Summary
I have been working on this bot and figured today might be a good day to share it.
It is a "Buy the Dip" equity bot. The basic premise is that I have defined 5 high flying stocks (but feel free to substitute your own), that often tend to resume their uptrends after about a 6% drop over a 5 day period. Many of my chosen symbols are approaching that % drop today.
This bot allows you set your own user defined % drops as well as your own stock symbols and upon entry, your monitor will be looking at a 2% stop, but then looking for a bounce to a profit target, but continue on in the trade running the "Smart Stop" function looking for a higher overall return if the bounce runs past the set targets.
Related
Options Level
Level I StrategyEstimated Duration
~100 days on avgComplexity Level
BeginnerPrimary Strategy
Long StockAutomation Types
6 automationsExpected Frequency
~1 position per monthTemplate Creator
@steveganz