Hello,

I was wondering if anyone has a ATR based Trailing stop for NT8?

The closest thing I can find and have is the ATR strategy by Sylvain Vervoort.

I searched the forum prior to posting and also searched NT's website. All I could find were variations of Vervoort's method.

It's a nice indicator, but it functions as always long or short.

I can't seem to find an indicator where once I am in the market, the ATR trails from the entry point.

I've inserted an image with the idea. As you can see the ATR is nice but lags by a few ticks.




thanks
brett

I really like Fat Tail's indicator for this: https://www.lizardindicators.com/indicator-library-2/trailing-stop-loss/atr-stop-indicator/

I should note though that I watch it primarily to see when it has failed. The emini seems to actively gun for this level seeking liquidity.

Hello,

I will try to give you an idea ( for NT7 only - I dont know for NT8 ) if you want to code your own strategy:

In "Initialize" section try the following lines :

SetTrailStop("MyEntryLong", CalculationMode.Ticks, (Low[0]- x*(Math.Abs(High[0] - Low[0]) ) ), simulated);
SetTrailStop("MyEntryShort", CalculationMode.Ticks, (High[0] + x*(Math.Abs(High[0] - Low[0]))) , simulated);

where x = double variable or a % (optimize to select the most profitable).
The above code may apply ONLY to strategies using Renko-type bars.

I have not checked this code, again, this is just an idea.

Have a nice day
George