FXCodeBase.COM: Forex Chart Indicators and Development

The very simple helper, which works only on non-FIFO accounts.
Just continually puts predefined Stop/Limit values on each trade.

Will be helpful if you are constantly forgetting to put Stop/Limit value on trades.



The Strategy was revised and updated on January 21, 2019.

can this be used somehow to put trailing stops ? or how can i add to other strategies with simple stops ...a trailing one

Can this strategy be used simultaneously with other strategies to obtain real life simulations? Thank you in advance for your work and help

Also, is there a reason it can only be used with a non-FIFO account?

ggiannop wrote:can this be used somehow to put trailing stops ? or how can i add to other strategies with simple stops ...a trailing one

Attached is the Mass Stop/Limit which allows placing of trailing stops.

jtatalov wrote:Can this strategy be used simultaneously with other strategies to obtain real life simulations? Thank you in advance for your work and help

The strategy can be used simultaneously with other strategies. However I suppose that this doesn't make sense because the most of strategies have own parameters for risk management. The Mass Stop/Limit is intended rather for manual trading for the case you forgot to place Stop/Limit.

jtatalov wrote:Also, is there a reason it can only be used with a non-FIFO account?

The strategy cannot be used on FIFO accounts since regular Stop/Limit orders for individual trades cannot be created on such accounts.

sunshine wrote:

jtatalov wrote:Can this strategy be used simultaneously with other strategies to obtain real life simulations? Thank you in advance for your work and help

The strategy can be used simultaneously with other strategies. However I suppose that this doesn't make sense because the most of strategies have own parameters for risk management. The Mass Stop/Limit is intended rather for manual trading for the case you forgot to place Stop/Limit.

jtatalov wrote:Also, is there a reason it can only be used with a non-FIFO account?

The strategy cannot be used on FIFO accounts since regular Stop/Limit orders for individual trades cannot be created on such accounts.

I agree most strategies have risk management function embedded, however they cannot be personalized to the users money management policy. For example, the TDI Indicator works great, however, occasionally it will give a false signals during ranging and/or consolidation periods where it would be prudent to add a 30-50 pip stop loss parameter to minimize potential losses. In addition, a trailing stop/limit parameter would allow the strategy to lock in gains for breakout periods. I'm wondering if it would be possible to incorporate the two functions into a single strategy?

Do you mean this strategy?
viewtopic.php?f=31&t=4134
Would you like to have "set stop/limit/trailing stop" parameters for this strategy?

is there any way to make something for FIFO US accts that would always set a user specified stop and limit for all market orders made?

sunshine wrote:Do you mean this strategy?
viewtopic.php?f=31&t=4134
Would you like to have "set stop/limit/trailing stop" parameters for this strategy?

Yes, I have a FIFO account though and I'm not sure if the regulations would be contradictory to the strategy. I think it can be done, however, the user has to be comfortable with the program, opening multiple trades in one direction and closing them out at the same time. Thank you for the link, the extended back testing was my next question.