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Equity Trading Based on Position of Moving Average

by clonex, 4407 days ago
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With this simple script you can control your trading via Moving Average. If is instrument above its Moving Average trading is enabled , if is instrument below its Moving Average trading is disabled.

Fields:

MA Period: Moving Average period

Instrument: Choose instrument

Example: SPY

MA: Type of Moving Average

Example: _MaSma, _MaKama

You can optimize all variables.

Hint: With this script you can control your strategy via its equity line. Save backtested equity as a instrument, then put this new instrument into this MM Object (Field: Instrument). This approach can decrease your trading risk.



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Type: Advanced Money Management

Object ID: 1201


Country:
All

Market: All

Style:
Technical Analysis

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Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.