Fixed ATR stop loss

Tibouss · Postby **Tibouss** » 07 Jun 2022

Hello

I use an ATR for my stop loss. The problem is that the stop loss is recalculated after every bar.

I would like to have a fixed ATR stop loss based on the ATR value when the trade is initiated and which will remain fixed until the trade end.

The current code is like this (simplified code) :

Code: Select all

inputs:

        ATRLengthS (5),
        NumATRsS (5);

variables:
	var1( 0 );
     
		condition3 = marketposition=0 and .... ;
		if condition3 then
		       Buy ( "BBStochLE" ) next bar at market ;
		       
	      condition4 = marketposition=0 and ..... ;    
             if condition4 then
                   sellshort ( "BBStochDLX" ) next bar at market ;
		          
		 condition5 = marketposition=1 and ..... ;
		if condition5 then
		       sell( "BBStochSE" ) next bar at market ;
		       
		 condition6 = marketposition=-1 and ..... ;
               if condition6 then
               buytocover ( "BBStochSX" ) next bar at market ;


 SetStopLoss( AvgTrueRange( ATRLengthS  * NumATRsS )) ;

Can someone helps me to code it?

Tibouss · Postby **Tibouss** » 08 Jun 2022

I get the answer.

I post it here if someone might be interested :

Code: Select all

inputs:
ATRLengthS (5),
NumATRsS (5);
variables:
var1( 0 );
ATRStopLossValue( 0 );
condition3 = marketposition=0 and .... ;
if condition3 then
Buy ( "BBStochLE" ) next bar at market ;
condition4 = marketposition=0 and ..... ;
if condition4 then
sellshort ( "BBStochDLX" ) next bar at market ;
condition5 = marketposition=1 and ..... ;
if condition5 then
sell( "BBStochSE" ) next bar at market ;
condition6 = marketposition=-1 and ..... ;
if condition6 then
buytocover ( "BBStochSX" ) next bar at market ;
if condition3 or condition4 or condition5 or condition6 then
ATRStopLossValue = AvgTrueRange( ATRLengthS ) * NumATRsS ;
SetStopLoss( ATRStopLossValue ) ;
Or you could do
condition3 = marketposition=0 and .... ;
if condition3 then begin
Buy ( "BBStochLE" ) next bar at market ;
ATRStopLossValue = AvgTrueRange( ATRLengthS ) * NumATRsS ;
end;
condition4 = marketposition=0 and ..... ;
if condition4 then begin
sellshort ( "BBStochDLX" ) next bar at market ;
ATRStopLossValue = AvgTrueRange( ATRLengthS ) * NumATRsS ;
end;
condition5 = marketposition=1 and ..... ;
if condition5 then begin
sell( "BBStochSE" ) next bar at market ;
ATRStopLossValue = AvgTrueRange( ATRLengthS ) * NumATRsS ;
end;
condition6 = marketposition=-1 and ..... ;
if condition6 then begin
buytocover ( "BBStochSX" ) next bar at market ;
ATRStopLossValue = AvgTrueRange( ATRLengthS ) * NumATRsS ;
end;
SetStopLoss( ATRStopLossValue ) ;

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