This small trading robot, can handle output of position in your absence. A stop follower can sometimes be tricky to set up, volatility may change, the Pip value can change depending on the underlying used. A moving average automatically adapts to the volatility, and follows the course according to its dynamics.
It works on the MT4 platform provided by your broker
1. Enter the number of the position to manage (order of the Terminal column)
2. Choose the type of moving average that you want to use
. MMA = average arithmetic mobile (single)
. Ms. = moving average exponential
. MMS = smoothed moving average
. MMP = weighted moving average
3. Define the mobile to use average.
4. Define the unit of time on which the moving average will be defined (0 corresponds to the time unit for the current chart)
5. Click OK and thats it…
Your platform must remain connected to manage the stop, but you can leave safely, the stop will adjust automatically to the stop value desired…
You can continue to manage your stop even if the expert advisor is running, so if you manually reassemble your stop at the point of entry or a key to a position level with the purchase, the stop will evolve when the moving average will return above the current stop.
In case of accidental disconnection, or shutting down your computer, no stress, a stop hard tracks your position on the value of the previous candle, thus, your position is always protected…