EMA stop- fixed!

LoveTheCode! · Sun, 08 Apr 2018 08:09:45 +0000

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 a million in advance- I will look to share my strategy when it’s up and running Thanks, Tom

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04/08/2018 at 9:09 AM #67532

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 a million in advance- I will look to share my strategy when it’s up and running

Thanks, Tom

LoveTheCode!
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