joy_mitali said:
Hello Acatrader,
The one questioning---probably wants something more than that---depending on the volatily of the stock---whether---a software can actually
predict predict where to put the SL---whether at S1 or S2---or short at R1 or R2----or to go one degree further---at a specified price ---which dependind on how far it is from the pivots and the consideration of volatily and /or whether is it too risky as per trading perspective---the SL too be calculatd---interesting problem!!!
Regards,
joy_mitali
Dear Joy,
By pivot in the previous post, I did not mean Pivot levels one does calculate on the basis of previous period's O-H-L-C. It meant the pivots appearing on the chart as High or Low Pivot at the time of entering the trade.
About Pivot Levels like S1-S2 or R1-R2, I have not used this tool ever and hence not sure of how much it helps. Perhaps Rohitb can help u in this regards.
About prediction entry/SL/exit levels based upon volatility, etc. i guess AI or neural networks based s/w can be of some help.
But, I have never come across any such s/w so far. I have one s/w's trial version where one needs to train the model. Now that was bit demanding, never used
. U can try though.
All the best in your endeavour.
Regards,