EMA stop- fixed!

• 04/08/2018 at 2:31 PM #67546
  LoveTheCode!

  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

   

   

   

   

   

   

  

  LoveTheCode!

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

  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

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  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

   

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  Nicolas

  

  Leo

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  04/19/2018 at 10:32 AM #68762
  LoveTheCode!

  thanks Leo it worked fine

  

  LoveTheCode!

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