Moving-average based stop order [new] + FIFO now!
Posted: Mon Oct 04, 2010 2:40 pm
This is an update for Moving-Average based stop order published here: viewtopic.php?f=31&t=2209
The strategy moves stop level of the chosen position exactly on the chosen Moving Average Value. The recommended settings are in range 100-200 for hourly or higher time frame.
Unlike the previous version, this strategy:
a) Starts to work immediately, without waiting for the first tick on chosen instrument.
b) Checks the the most recent MVA value every chosen period (1 second by default) and updates stop if MVA is changed more than for 1/10 of pip.
c) Stops automatically when trade disappears.
d) With "autotrading patch" does not show annoying "Event Log" window every time when stop order is changed. So, if you switched "Don't show this window on next event" to avoid "stop order changed events" you can switch it back, so, other alerts will not skipped anymore.
Because this strategy manages the regular stop order, it CANNOT be used on FIFO accounts (any accounts opened in US broker). For US accounts please use
net stop version of the strategy.
Download signal:
The Strategy was revised and updated on December 11, 2018.
The strategy moves stop level of the chosen position exactly on the chosen Moving Average Value. The recommended settings are in range 100-200 for hourly or higher time frame.
Unlike the previous version, this strategy:
a) Starts to work immediately, without waiting for the first tick on chosen instrument.
b) Checks the the most recent MVA value every chosen period (1 second by default) and updates stop if MVA is changed more than for 1/10 of pip.
c) Stops automatically when trade disappears.
d) With "autotrading patch" does not show annoying "Event Log" window every time when stop order is changed. So, if you switched "Don't show this window on next event" to avoid "stop order changed events" you can switch it back, so, other alerts will not skipped anymore.
Because this strategy manages the regular stop order, it CANNOT be used on FIFO accounts (any accounts opened in US broker). For US accounts please use
net stop version of the strategy.
Download signal:
The Strategy was revised and updated on December 11, 2018.