Two Stage ATR Based Trailing Stop // ================trailing atr stop VIRTUAL================== if enabletsvir then // once stepsvir=0 once minatrdistvir=0 once atrtrailingperiodvir = 2 // atr parameter once minstopvir = 10 // minimum distance if barindex=tradeindex then trailingstoplongvir = 5 // trailing stop atr distance trailingstopshortvir = 5 // trailing stop atr distance else if longonmarket then if […]
ATR Based Trailing Stop With In Built Graph Function // trailing stop atr once enablets=1 once displayts=1 if enablets then // once steps=0.05 once minatrdist=3 once atrtrailingperiod = 14 // atr parameter value once minstop = 10 // minimum trailing stop distance if barindex=tradeindex then trailingstoplong = 5 // trailing stop atr […]
During the discussion around the true range break out system I had an idea to use Average True Range (ATR) for the initial stop loss, trailing stop and potentially profit values. This post focusses on the mechanics of the stop, next week I will post a video on how to […]
The Stalker ATR Based Trailing Stop was developed as a step of developing the Bar Hunter RB Mod System The stop loss has an in built step up for long positions and down for short positions once passing a trigger level If the calculate stop loss is outside of a […]
This video discusses how the Stalker ATR Based Trailing Stop works along with discussing the Prorealtime graph function The Stalker ATR Based Trailing Stop was developed as a step of developing the Bar Hunter RB Mod System The stop loss has an in built step up for long positions and […]
Overview The trailing stop combines a starting point and step value based on a percentage of the price with a new price being calculated at the close of each bar. It is a version of the swing trading trailing stop but has been changed so that the trailing stop will […]
Overview The trailing stop combines a starting point and step value based on a percentage of the price with a new price being calculated at the close of each bar The example variables below are for a swing trading system but should be optimised on a system by system basis […]
//Variables NATR = A //ATR Period SATR = B // ATR Multiplier for Stop //Stop SET STOP LOSS SATR*AverageTrueRange[NATR](close)
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