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  1. Automated Strategy for Marketscope: Moving Average Stop

    by , 10-11-2010 at 02:41 PM
    Automated Moving Average Stop Loss

    FxCodeBase created a new strategy for Marketscope that operates similarly to a trailing stop which you can use as another risk management tool. This strategy automatically places a stop loss order at the moving average line you specify. As the moving average line changes, so too will your stop loss order.

    Here's how it works...

    If you take a look at the image below, I have added the moving average stop to a EUR/AUD trade as an example. The chart is a 60 minute chart of EUR/AUD and I have 3 short positions. I have added a 100 period simple moving average and this moving average line acts as the stop loss. An actual stop loss order is created automatically by ...
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