Trend Exit

Connecting and using Trend Exit 

The first step is to create a trend line you want to monitor. When the price crosses the trend line the position is sold according to the settings in Indata Script. To set Trend Exit up:

• Mark the instrument you want to connect in the instrument list
• Click ENTER and Basic info for instruments opens
• Click the tab Indata script 
• Enter the desired number of shares you want to keep after the sell order in the field Trend Exit Long rest alternatively Trend Exit Short rest if you holding a short position 
• Click on Save and close the dialog 

To draw or change a trend line: 

• Select the course diagram you want to work with 
• Click on the "Triangle Logo" in the toolbar at the top of the program to enter "trend line mode"
  
  
  
  
  
• Double click at the starting point for your trend line and draw about where you want it
  
  

• You will be asked to save the trend line as an alerted trend 1 or 2. Reply "No" as you want the ID to be 3 or 4 to use Trend Exit
• Mark the line with ID 4 if you want to sell a position or 3 if you want to cover a short position. (write 4 and click ENTER)
• You can now select one or the other end of the line and "pull" in order to adjust the position
• It is also possible to mark the middle of the line to move the board in any direction

Connect the order models

• Select the Nordnet account you want to use in the tool bar at the top 
• Open the order dialog if you do not already have it open 
• Click the Configure automatic orders
• Mark the order model Trend Exit Long in the list to the left if you want to sell an instrument (select NO LOOP-version if you want Trend Exit to disconnect itself after the order)
• Mark the order model Trend Exit Short in the list to the left if you want to cover a short position (select NO LOOP-version if you want Trend Exit to disconnect itself after the order)
• Mark the instruments you want to connect Trend Exit to
• Click on Connect to create the connections
• Done!