how often is your 'go short price' calculated? once a day? if so, just put in a sell limit at the ma with a TP and go away for the day.
If it is calculated every 5 minutes, do u want the system to automatically adjust the sell limit order? If so, then u want to sell if the price exceeds an ma of some type. Dangerous but doable.
Look at the following if u do not know how to code: http://fxfisherman.com/forums/forumdisplay.php?f=13
hope this helps...
If it is calculated every 5 minutes, do u want the system to automatically adjust the sell limit order? If so, then u want to sell if the price exceeds an ma of some type. Dangerous but doable.
Look at the following if u do not know how to code: http://fxfisherman.com/forums/forumdisplay.php?f=13
hope this helps...
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Opening of position:
a] Go short if price >1.0030
b] Then immediately automaticly lay in a profit target of 1.0000
c] Target hit? The close trade.
If the profit target is not hit on the previous day keep the position and:
d] Wait for the profit target (1.0000) OR go short at >1.0060
If profit target is hit then close trade.
If price target is reached automaticly enter a new profit target of 1.0045
The 'go short price' is a moving average.
The 'profit' target is just 30 pips from the average 'go short price'
It would be great if a/b/c/d this could be done fully automatic.
But point a/b/c must be done automatically because I'm not able to watch the screen the whole day.