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Long strategy created with the money management tool

by QuantShare, 5078 days ago
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For a complete description of how this money management script was created and the role of each function it contains, please refer to the following article: Create a trading strategy using the money management tool

The money management script, you can get here, creates a simple long strategy that is exactly the same as the one you can create using the simulator plug-in. I have created and uploaded this item to introduce you to the important functions of the money management tool. This object is also a start to create advanced trading systems. It will help you understand basic money management functions and can be used to combine several strategies into a single trading system or portfolio.

The script accepts two parameters:
Buy Rule: This field gets your buy rule. Example: rsi(14) > 60 and close > 2
Sell Rule: This field gets your sell rule. Example: rsi(14) < 40


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Type: Advanced Money Management

Object ID: 491


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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.