EMA stop- fixed!

LoveTheCode! · 2018-04-08T13:31:11+00:00

Hey guys, I’m a little new here so sorry if this question has been covered previously or in the manual but I haven’t seen it! Will share my strategy when it’s complete… – I’m looking to buy a trending market, when it pulls back to the 10 EMA, and set my stop at the 20 EMA. This is a fixed stop rather than trailing. How can I set my stop in this way? (I.e. define stop distance as equal to the distance to 20 EMA?) -second, how do I set my £risk (in other words £/point ) in order to risk the same amount for every trade (bearing in mind the stop distance will vary – per my first point)? – finally: how can I set my profit target as a percentage of the stop distance, for example 2 x stop Thanks in advance for any advice- I will look to share my strategy when it’s up and running Thanks, Tom

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04/08/2018 at 2:31 PM #67546 quote

LoveTheCode!
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Junior

Hey guys, I’m a little new here so sorry if this question has been covered previously or in the manual but I haven’t seen it! Will share my strategy when it’s complete…

– I’m looking to buy a trending market, when it pulls back to the 10 EMA, and set my stop at the 20 EMA. This is a fixed stop rather than trailing. How can I set my stop in this way? (I.e. define stop distance as equal to the distance to 20 EMA?)

-second, how do I set my £risk (in other words £/point ) in order to risk the same amount for every trade (bearing in mind the stop distance will vary – per my first point)?

– finally: how can I set my profit target as a percentage of the stop distance, for example 2 x stop

Thanks in advance for any advice- I will look to share my strategy when it’s up and running

Thanks, Tom

04/09/2018 at 12:42 PM #67730 quote
Leo
Participant

Veteran
```
Maxrisk=15 // define pips for a stop loss

Entrylong=close
Stoplosslong= (close - MA20)/pipsize //distance in pips to MA20
IF  stoplosslong < maxrisk then 
Buy n contract at market
Else
Entrylong= MA20 + (maxrisk-spread)*pipsize
Buy n contracts at entrylong limit
Stoplosslong = maxrisk
Endif
stop ploss stoplosslong
```
Nicolas thanked this post
04/19/2018 at 10:32 AM #68762 quote

LoveTheCode!
Participant

Junior

thanks Leo it worked fine
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