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multicharts- ATR trailing stop expert adviser?
Started:December 7th, 2012 (12:30 AM) by Ryan Scobby Views / Replies:1,604 / 1
Last Reply:December 7th, 2012 (11:31 AM) Attachments:0

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multicharts- ATR trailing stop expert adviser?

Old December 7th, 2012, 12:30 AM   #1 (permalink)
Elite Member
Grants Pass, Oregon USA
Futures Experience: Intermediate
Platform: metatrader and converting to multicharts
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multicharts- ATR trailing stop expert adviser?

Has anyone made a ATR trailing stop, that will close your while you are at work?? If so I would love to know how? New to multicharts

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Old December 7th, 2012, 11:31 AM   #2 (permalink)
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Futures Experience: Advanced
Platform: Ensign, Multicharts
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This post has been selected as an answer to the original posters question Answer

Haven't coded it myself not tried it but perhaps this helps

[LegacyColorValue = TRUE];

Inputs: TrailingATRs(4), ATRLength(10);
Variables: PosHigh(0), PosLow(0), ATRVal(0);

ATRVal = AvgTrueRange(ATRLength) * TrailingATRs;

If MarketPosition = 1 Then Begin
	If BarsSinceEntry = 0 Then
		PosHigh = High;
	If High > PosHigh Then
		PosHigh = High;
	ExitLong Next Bar at PosHigh - ATRVal Stop;

If MarketPosition = -1 Then Begin
	If BarsSinceEntry = 0 Then
		PosLow = Low;
	If Low < PosLow Then
		PosLow = Low;
	ExitShort Next Bar at PosLow + ATRVal Stop;

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