Average True Range Trailing Stops Colored

E-mini S&P 500 FuturesCME

תיאור

⋅ 13 אוק׳ 2014 04:27

Average True Range Trailing Stops Strategy, by Sylvain Vervoort
The related article is copyrighted material from Stocks & Commodities Jun 2009

תגובות

Codetrader

⋅ 18 אוק׳ 2014 18:22

Hi, Thank you for posting this. I am very new to this concept and wish to ask what may be a stupid question. Here goes anyway:

Example: I have a max risk goal of not to lose more than 2% on any given trade.

1.) How would I set the inputs for this?

I have read some stuff on what is called an Average True Range Dynamic Stop.

2.) Is your script an ATR Dynamic Stop or something else?

Thanks

HPotter

⋅ 20 אוק׳ 2014 04:26

Hi, codetrader
1) I can`t recomendet to you anything. I don`t use this script, I just coding it from magazine Stocks & Commodities Jun 2009. Sorry.

2) This script recalculated on the realtime and make changes in the stoploss level dynamically.

Codetrader

⋅ 20 אוק׳ 2014 14:38

Okay, thanks you

RJBK93

⋅ 12 דצמ׳ 2021 23:14

@Codetrader, nATRperiod = aantal timeframe eenheden = 5 uren/dagen/minuten afhankelijk van je timeframe
nATRMultip = vermenigvuldingsfactor van de berekende ATR

TraderPavlos

⋅ 12 דצמ׳ 2017 13:30

Hey! Thanks for the script!
Question: Is it repainting?

HPotter

⋅ 13 דצמ׳ 2017 09:15

@TraderPavlos, You are welcome. Should be.

CrazyCarmines

⋅ 18 מאי 2023 15:12

Here is the Code for MLQ5 for this:

#property copyright "HPotter v2.0 13/10/2014"
#property link "tradingview.com"
#property version "1.0"
#property strict

int nATRPeriod = 5;
double nATRMultip = 3.5;
double xATR;
double nLoss;

int OnInit()
{
// Initialization
xATR = iATR(Symbol(), PERIOD_CURRENT, nATRPeriod);
nLoss = nATRMultip * xATR;

return(INIT_SUCCEEDED);
}

void OnTick()
{
double currentPrice = SymbolInfoDouble(Symbol(), SYMBOL_ASK);
double trailingStop = currentPrice - nLoss;

if (OrderType() == ORDER_TYPE_BUY)
{
double stopLoss = OrderStopLoss();
if (currentPrice < trailingStop)
{
// Modify the stop loss to the trailing stop level
OrderModify(OrderTicket(), OrderOpenPrice(), trailingStop, OrderTakeProfit(), 0, clrNONE);
}
}
else if (OrderType() == ORDER_TYPE_SELL)
{
double stopLoss = OrderStopLoss();
if (currentPrice > trailingStop)
{
// Modify the stop loss to the trailing stop level
OrderModify(OrderTicket(), OrderOpenPrice(), trailingStop, OrderTakeProfit(), 0, clrNONE);
}
}
}

coinalert

⋅ 27 יולי 2018 16:48

good job harry keep going

HPotter

⋅ 30 יולי 2018 08:18

@coinalert, You are welcome.

vikingdahl

⋅ 4 אפר׳ 2024 08:45

Hi,

Maybe a stupid question but is the default setting (NATRPERIOD: 5 and NATRMULTIP: 3.5) 2x 5 day ATR in practice? The trailing line is always 2x 5day ATR from the price? So if I change the NATRPERIOD to "14" and multipel stays at 3.5, then I get a trailing line that shows 2x 14day ATR?

Sorry for the crappy explanation :P

thanks in advance :)

עוד