Take profit at an offset moving average

August 8th, 2023, 06:03 PM

Is there a way to do a strategy that will take profit at the touch or within a certain percentage of an offset exponential moving average. Thank you so much everyone for your time

August 9th, 2023, 01:38 AM

Yeah you can manually enter your orders when they hit the desired percentage/ema, but I am guessing you want to create an automated trading system for this strategy. There are lots of people on this forum that have created automated moving average strategies. Just search the forum and DM people with threads that look helpful. Sorry I couldn't be of more help, I still enter my orders manually lol.

August 26th, 2023, 08:51 PM

LET US KNOW HOW YOU MAKE OUT I AM INTERESTED IN THE ANSWER ALSO.

THANKS I AM SURE IT CAN BE DONE.

August 31st, 2023, 07:11 PM

jpthegreek1

Is there a way to do a strategy that will take profit at the touch or within a certain percentage of an offset exponential moving average. Thank you so much everyone for your time

That's the formula i would use to create an upper/lower bands around a moving average and would attach the take profit order to one of the bands depending on the direction of your trade:

Code

    // Define the length of the moving average
    int maLength = 20; // You can adjust this as needed

    // Calculate the moving average
    double movingAverage = SMA(maLength)[0];

    // Define the percentage for the bands
    double percentage = 5.0; // 5% for a 5% difference

    // Calculate the upper band
    double upperBand = movingAverage * (1 + (percentage / 100));

    // Calculate the lower band
    double lowerBand = movingAverage * (1 - (percentage / 100));

August 31st, 2023, 07:17 PM

trendisyourfriend

That's the formula i would use to create an upper/lower bands around a moving average and would attach the take profit order to one of the bands depending on the direction of your trade:

Code

    // Define the length of the moving average
    int maLength = 20; // You can adjust this as needed

    // Calculate the moving average
    double movingAverage = SMA(maLength)[0];

    // Define the percentage for the bands
    double percentage = 5.0; // 5% for a 5% difference

    // Calculate the upper band
    double upperBand = movingAverage * (1 + (percentage / 100));

    // Calculate the lower band
    double lowerBand = movingAverage * (1 - (percentage / 100));

Thank you for this!!! Can it take profit and immediately go short?

Take profit at an offset moving average

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Take profit at an offset moving average