What can I do with order models?

Order models used in Nordnet AutoTrader is very powerful tool to automate your trading according to the criteria you select. It can be anything from simply selling a position when a short moving average turns down, or buy some shares when the price is crossing a trend line - to execute complex trading strategies that can perform an enormous analytical work with real time resolution, so you do not have to sit and watch the markets at all times.

An order model can for example be connected to ABB and purchase the stock for a certain amount when two moving averages crosses. A second order model can then take care of monitoring the position and sell ABB as a trailing stop loss is triggered.
Examples below where Stoploss Mini monitors a position with XACT BULL 2:

We can see how a seel signal is just triggered as the price moves down through the stop level.

What is the difference between script and order models?

Order models and scripts are often confused, but it's really very simple:
Order models consist of a number of scripts that together calculates the parameters needed for an order to be interpreted by Nordnets ordering system. A script in itself can not directly send an order, but must be inserted into a order model to be complete. However, the scripts can themselves be used to perform parts of the job, for example, draw a curve, create an alarm when a condition is met and so on.

• Script - individual scripts can only do individual things such as draw the graph, alarm at events or calculate things
  
  
• Ordermodeller - a complete order model consists of all the necessary script to send an order