USDJPY automated MA trailing exit for discretionary short entry

Forums ProRealTime English forum ProOrder support USDJPY automated MA trailing exit for discretionary short entry

Currently, there are 0 users and 1 guest visiting this topic.
View all attachments
Viewing 3 posts - 1 through 3 (of 3 total)
  • #204373 Report
    Seb

    This code helps you to trail a discretionary short position in USDJPY or any other USDXXX pairs. You enter the level where you want to go short with a stop entry order and you enter the level where you want your stoploss. Additionally you enter the spread and your accountsize and the EURUSD conversion (for euro accounts). Your positionsize is calculated based on 0.5% risk of your accountsize. If you use a 1 minute timeframe, the stop entry order will be placed within a minute after running the strategy. You will be filled once the price hits your stop entry order. The stoploss order will now be placed with a 0.5% risk of your accountsize. Once the position comes into profit, half of your position will be exited when the close of the 1h chart crosses above the moving average 10. The remaining position will be closed once the close of the 1h chart crosses above the moving average 20. In case the 1h closes above the moving average 20 without closing above the moving average 10 first, your full position will be closed at once.

    This code is quite specific, but hopefully it can be useful for those who want do do something similar.

    (This is not a fully automated strategy)

     

    1 user thanked author for this post.
    #204753 Report

    Thank you for sharing your code 🙂

    It can be valuable for those who want to monitor conditions manually, then enter a TS to automatically manage the position.

     

    #204763 Report

    Link to above ‘Trade Manager‘ added as Log 345 here …

    Snippet Link Library

    Big Thanks to Seb for sharing with us All!

Viewing 3 posts - 1 through 3 (of 3 total)

Create your free account now and post your request to benefit from the help of the community
Register or Login