Are you looking for a smart auto trading strategy that helps you catch precise entries? This sniper trading setup combines the Relative Strength Index (RSI), hammer candlestick pattern, and support zone for precise long entries — and it works even better when paired with automated stock trading platforms like PickMyTrade and TradeStation.
Spotting the Setup in Auto Trading
Identify key levels using RSI and hammer candles on TradeStation charts, look for these 3 key elements that signal a potential bounce:
Support Zone
Find a price level where the market has bounced in the past. This is your support zone, a common place where buyers may step in.
RSI Oversold Signal
Use the RSI indicator — if it drops below 30, the asset is oversold and might be ready for a reversal.
Hammer Candlestick
Watch for a hammer candle forming at support. This has a small body and a long lower wick, signaling buying pressure and rejection of lower prices.
Auto Trading Execution: How to Make the RSI + Hammer Trade
Here’s how to act once you confirm the setup:
- Entry Point: Enter long just above the hammer candle’s close.
- Stop Loss: Set your stop below the hammer’s low wick.
- Take Profit: Target the next resistance level to exit the trade with a healthy risk-to-reward ratio.
Use an auto trading platform like PickMyTrade.io connected to brokers such as TradeStation or Rithmic for automated order execution. This removes emotion and delays from your trading.
Why This Strategy Works for Auto Traders
This method works well across futures and stocks because it:
- Relies on support levels, where price often reacts
- Uses RSI, a momentum indicator for overbought/oversold zones
- Confirms strength with hammer candlestick reversal
- Can be integrated with the best futures trading platforms for seamless automation
Example in Action
Say a futures contract drops sharply to a known support level. RSI is at 28, showing oversold conditions. A hammer candle forms. You enter just above its close, with a stop loss below the wick, and a target set near the next resistance.
By using a platform like PickMyTrade, you can automate this setup so trades are executed based on your rules — no constant chart-watching required.
Auto Trading Tools: Use PickMyTrade with TradeStation
Want to make this strategy hands-free? Use PickMyTrade.io with auto brokers like:
- TradeStation
- Rithmic
- TradeLocker
- ProjectX (TopstepX)
- Interactive Broker
You can connect your TradingView alerts directly for auto trading on supported platforms.
Key Takeaways
- Combine RSI oversold, hammer pattern, and support zone for sniper long entries.
- Use PickMyTrade.io to automate the setup with TradeStation or other futures brokers.
- This strategy fits both manual traders and those embracing automated futures trading.
Ready to Trade Smarter?
Take your trades to the next level with sniper entries and automated stock trading tools. Pair technical setups with the best futures trading platforms and make your execution precise and automatic.
Disclaimer: Trading involves risk. Only invest what you can afford to lose. No strategy guarantees future performance.
Also Check-Out: Master Support and Resistance in Automated Stock Trading
