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                                                   Money Management script and exit options in the wizard

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Obuli Govindaraju
2013-05-02 07:31:42


If I am making an entry using money management script, can I exit through a stop loss, profit stop or n bar stop on the wizard?

I tried it but it does not work. I also tried it on the optimize option and it doesnt work either.

So if I enter through a MM script should I also exit through a MM script?



QuantShare
2013-05-02 10:59:39

  0

Yes. Here is how to place a stop order using the money management script:

MMPositionSettings ps = Functions.CreatePositionSettings("long");
ps.AddStopLoss(10);
Orders.AddLongPosition("GOOG", 100, null, ps);




Obuli Govindaraju
2013-05-02 18:29:40

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So how can I optimize if I am exiting through a MM script like you said above?


QuantShare
2013-05-02 19:20:37

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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.