Money management system

• 05/16/2016 at 10:46 AM #7160
  Brage

  Hi guys

  In the attached pdf there is a money management idea that I’ve tested a little and I’ve wanted to test it in an automated strategy but I don’t know how to code it. It is the relation between the risk unit and the move of the stop to lock in a profit that I find interesting and after these first  steps start trailing rest of position with MA, SAR or ATR. First I want to set the initial stop manually regarding to the instrument traded.

  Maybe it can be combined with a breakout code in the library for a complete strategy.

  

  Brage

  Participant

  Topics: 4

  Replies: 59

  Been thanked: 18 times
  05/16/2016 at 11:26 AM #7166
  Nicolas

  Hello, yes it can be coded. But the point 4 is not possible, since positions cannot be half-cut.. partial closing is currently not possible with IG. There are no problem to code point 1 to 3 though! 🙂

  This is also an usual question/request, like many others things : hard trailing stop, stoploss from indicator, etc.. Maybe I should make a code snippets library .. but I don’t know well how to add it on the website for everyone to be clear.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4774 times
  05/16/2016 at 12:36 PM #7169
  Brage

  Thanks Nicolas!

  Understand that a lot of questions/requests are almost the same. For me the problem is all new ideas that pop up and I want to test and lack of coding experience. And patience:)

  For now I would do with step 1 to 3 to try to combine it with an entry system and see if I get better results.

  

  Brage

  Participant

  Topics: 4

  Replies: 59

  Been thanked: 18 times
• Author
  Posts