Entry at every bar, exit ATR trailing

August 7th, 2016, 07:11 PM

Hola

does anyone know how to Easy language a research strategy where its entry at every single bar and then followed by a ATR trailing stop? Long only. And short only.

I think code below is a start... But I don't understand what ts is??

Kind regards

Loop

Inputs: Price(Close),atrPeriod(14),atrMult(1.75);

Vars:
atr(0), ts(0), shstp(0), lgstp(0), trend(0), TriggerPrice(0), dir(0);

atr = AvgTrueRange(AtrPeriod);

lgstp = Price - atr * atrMult;
shstp = Price + atr * atrMult;

TriggerPrice = close;

if TriggerPrice >= ts[1] then
trend = 1
else if TriggerPrice < ts[1] then
trend = -1;

if trend > 0 then
if trend[1] < 0 then ts=lgstp[0]
else if lgstp >= ts[1] then ts=lgstp[0]
else ts=ts[1];

if trend < 0 then
if trend[1] > 0 then ts=shstp[0]
else if shstp <= ts[1] then ts=shstp[0]
else ts=ts[1];

if trend[1] < 0 and trend >= 0 then buy next bar at market;
if trend[1] > 0 and trend < 0 then sellshort next bar at market;

ABCTG · August 8th, 2016, 05:57 AM

Loop,

what exactly don't you understand regarding "ts"? It's just a variable, that could have (almost) any other name.
From the code it appears to be holding the value of a trailing stop, hence the abbreviation "ts" was probably used for its name.
It will hold either of the two values below, depending on the trend (as computed by the study).

Code

lgstp = Price - atr * atrMult;
shstp = Price + atr * atrMult;

When the TriggerPrice variable is less than the previous bars value for ts, then the study will assume that a down trend exists and update the ts variable following this logic:

Code

if trend < 0 then
if trend[1] > 0 then ts=shstp[0]
else if shstp <= ts[1] then ts=shstp[0]
else ts=ts[1];

It will be vice versa for an up trend.

Regards,

ABCTG

August 8th, 2016, 05:30 PM

Thank you for heads up!!

Any idea how to have an entry at every bar in order to do trend research?

ABCTG · August 9th, 2016, 02:17 AM

Loop,

by the way you can show your appreciation for posts on nexusfi.com by clicking the "Thanks" button next to the code.

An entry on every (!) bar will require a bit of work most likely as you have to deal with pyramiding and scaling out of positions. Do you actually want that or do you want to enter only again when flat?
Feel free to post your code attempts and I am sure someone is able to steer you in the right direction.

If you are looking for someone to code it for you, you might be able to find help in the " Want your [AUTOLINK]EasyLanguage[/AUTOLINK] Indicator Created free" thread.

Regards,

ABCTG

Entry at every bar, exit ATR trailing

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Entry at every bar, exit ATR trailing