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Place orders on trendlines
Trendline closes position
Trendlines and –channels are popular with active investors and so it should be. The trend plays a key role in any trading strategy. The NanoTrader allows traders to use their trendlines to open and close positions automatically.
The NanoTrader platform can close a position automatically if the market drops below your trendline. This is a stop order which follows your trendline.
Trendline opens position
The NanoTrader platform can be set to open a position when the market breaks through your trendline.
In addition to your own trendlines you can, for example, also use the interesting trendlines developed by the well-known French trader Eric Lefort. These trendlines are integrated in the NanoTrader platform. They give bullish break-out signals.