Swing Trading Buying Bot
Read trade alerts and get the following values from them:
Ticker
Entry price
Stop price
Based on that information:
Look at predetermined dollar risk value. This value can be changed by user at any time. Ex. $25 risk per trade.
Then, calculate number of shares to be purchased based on dollar risk, entry price and a stop.
Send out a limit buy order as close to the entry price in the alert as possible. Summary: I want the bot to buy a stock once a trade alert pops up on my phone and just hold. I will sell the stock myself. Down the road I may need to automate selling as well.