How does a MOEX Market Order work?

MOEX is an advanced currency trading assistant designed to optimise your trading experience by leveraging a technical analysis tool called the Relative Strength Index (RSI). It helps you make informed decisions by analysing currency exchange rates and identifying potentially favourable market conditions.

Technical analysis is a method used globally by financial institutions to forecast future price movements in markets. It relies on historical market data, such as price and volume, and involves studying charts, patterns, and technical indicators like the RSI.

The RSI is a momentum oscillator that measures the strength of a price trend. It provides readings between 0 and 100. A reading above 70 indicates that an asset may be overbought, while a reading below 30 suggests it may be oversold.

RSI uses a predefined time scale, comparing 14 previous data points to calculate the current reading. This involves calculating the average gain/loss, determining the oscillation value, and finally calculating the Momentum Oscillator (M.O.) reading.

Overbought indicates that the exchange rate has risen more than usual, potentially signalling a forthcoming price decrease. This is identified by an RSI reading of 70 or above.

Oversold indicates that the exchange rate has fallen more than usual, potentially signalling a forthcoming price increase. This is identified by an RSI reading of 30 or below.

No, you don't need to have in-depth trading knowledge to use MOEX. MOEX is designed to simplify the trading process by automating market analysis, monitoring exchange rates, and executing trades based on predefined conditions. It provides easy-to-understand alerts and handles the technical aspects for you. However, a basic understanding of how currency exchange works and your own financial goals can be helpful in making the most of MOEX's features. If you’d like to learn more, schedule a meeting with one of the team and they will give you a demo

MOEX monitors currency exchange rates hourly and uses the RSI algorithm to generate a reading between 0 and 100. When the RSI indicates a reading of 70 or above (overbought), MOEX can either notify you (Rate Alert) or automatically execute a trade (Market Order).

A Rate Alert is a notification sent by MOEX when the RSI reaches 70 or above, signalling that the exchange rate is overbought. This allows you to decide whether to execute a trade.

A MOEX Market Order is when MOEX automatically executes a trade on your behalf if the RSI reaches 70 or above. This feature is limited to one trade per 24-hour period to prevent over-trading.

Yes, you can set a minimum rate with a MOEX order. If you have a specific rate target that you don't want to go below, you can configure MOEX to ensure that no trades are executed at a rate lower than your specified minimum. This feature allows you to protect your trading strategy by avoiding transactions that don't meet your desired exchange rate threshold.

Yes, you can have multiple MOEX orders running simultaneously. This allows you to manage different aspects of your trading strategy, such as setting a minimum rate target for some of your trades while allowing others to execute without a minimum rate. This flexibility helps you tailor your approach to meet different trading objectives within the same timeframe.

Yes, MOEX works for forward contracts. A forward contract allows you to lock in an exchange rate today for a currency transaction that will take place at a future date, providing protection against unfavourable rate movements. Unlike spot contracts, which settle immediately, forward contracts may require a deposit. MOEX can monitor and manage these forward contracts just like spot transactions, helping you optimise your trades based on market conditions leading up to your settlement date.

You'll receive a trade confirmation each time a new transaction is executed as part of a Dynamic Split. Additionally, we send an update email every 5 business days after a recalculation of your remaining exposure. If there's important news or market developments that could impact your overall strategy, our trading team will also reach out to you directly. This ensures you're always informed about the status and progress of your MOEX orders.

Yes, you can cancel a MOEX order if you change your mind or if your requirements change. However, any splits that have already been booked come with a contractual obligation to settle the trade. If you need to cancel a trade that has already been executed, please contact our Operations team, and they will explain your options and guide you through the cancellation process.

Yes, you can set up a MOEX order yourself. However, we recommend starting with a full demo of the product, and our team will assist you with your first MOEX order. This ensures you fully understand how it works and have any questions answered. Once you're familiar with the process, the team will enable you to manage MOEX alerts and orders yourself.

Dynamic Splits is a feature of MOEX that divides your total trade requirement into smaller amounts over a period of up to 90 days. This approach helps you achieve a more balanced average exchange rate and reduces the risk of booking your entire trade at a single rate.

The Initial Calculation divides your total trade amount by the number of business days before your deadline, allocating one split per five business days. The minimum split value is £10,000 (or equivalent).

Recalculation occurs after each transaction and every five business days. MOEX adjusts the split value to optimise your remaining exposure based on the remaining time before your trade deadline.

1. If you need to convert £100k over 20 business days, the initial calculation would split the amount into four £25k portions. If the first £25k is booked on day 2, given there are still 18 days remaining, the £75k would be split between four and the next trade would be set for £18,750. Once the first 5 days have passed and there is another recalculation, the recalculation would now divide the £75k by three and there would be three splits, each for £25k.
2. For a £30k conversion over 20 business days, only three splits would be created since four splits would fall below the minimum £10k split value.