I have noticed that the ATR trailing exit that is included in Multicharts moves with the market both ways. For example if you were using a ATR trailing lx and you were long and the market moved up the ATR would reset itself and move up aswell. But then if the market was to go back down the ATR would reset itself and go back down aswell. The thing I like about that is does protect your losses once the market moves in the opposite direction of your position. In this example i would have just wanted it to move up then once the market had moved back down to keep its stop were it was while the market was up and not move back down. Does anyone know how i could modify the script to do this?
Thanks
Danny Z
Average True Range trailing
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