2x ATR trailing stop

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atr

2x ATR trailing stop

Postby atr » 02 Jul 2011

Hi, I have just downloaded and been experimenting with Multicharts. I am trying to transfer one of my MT4 strategies into a MC signal.

However I'm struggling to bring in a basic ATR trailing stop. I have got ATR*2 and converted it to a number representing $10 per pip and then set that using SetDollarTrailing.

For each successive bar I am trying to move the stop to represent the new ATR*2 but it doesn't seem to be moving it properly and it often moves a lot higher than it should be.

An abbreviated version of the code is:

Code: Select all

longStop = (atr*2)/.0001;

if marketposition = 1 then   
begin
      setdollartrailing(longStop);
end;



Help would be very much appreciated!

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TJ
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Re: 2x ATR trailing stop

Postby TJ » 03 Jul 2011

atr wrote:Hi, I have just downloaded and been experimenting with Multicharts. I am trying to transfer one of my MT4 strategies into a MC signal.

However I'm struggling to bring in a basic ATR trailing stop. I have got ATR*2 and converted it to a number representing $10 per pip and then set that using SetDollarTrailing.

For each successive bar I am trying to move the stop to represent the new ATR*2 but it doesn't seem to be moving it properly and it often moves a lot higher than it should be.

An abbreviated version of the code is:

Code: Select all

longStop = (atr*2)/.0001;

if marketposition = 1 then   
begin
      setdollartrailing(longStop);
end;



Help would be very much appreciated!



Are you using MultiCharts Discretionary Trader or the regular version?

This forum is for the MultiCharts Discretionary Trader only.

atr

Re: 2x ATR trailing stop

Postby atr » 03 Jul 2011

Sorry yes I am using the regular version. My apologies.

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TJ
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Joined: 29 Aug 2006
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Re: 2x ATR trailing stop

Postby TJ » 03 Jul 2011

atr wrote:Sorry yes I am using the regular version. My apologies.


No problem.

Please log in to the forum and re-post the question at the main forum.


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