Topic: Take Profit ATR Exists

I'm trying to configure the following exit to my strategy but can seem to fins a way to do this:

Stop Loss level:
        (ATR Value*1.5 + Trade open price) + 10 PIPS

Take Profit Level:
         (ATR Value*3 + Trade open price)

Re: Take Profit ATR Exists

I haven't been able to achieve this because indicator doesn't know trade opening price, only OHLCV data.

Re: Take Profit ATR Exists

I think it can be done by modification of stoplimit indicator the logic is the same , right now i donot know how smile

Re: Take Profit ATR Exists

ahmedalhoseny wrote:

I think it can be done by modification of stoplimit indicator the logic is the same , right now i donot know how smile

Ahmed, I haven't seen you for a very long time! How have you been?

Returning to the topic, are you pursuing the line you proposed? I'm waiting for your results.

You did spark an idea, I think I have thought about it before too, but I lacked the practical knowledge to check it out. But I have one thing in the arsenal for couple of months now. Maybe, just maybe, it can be done, how hard can it be, right? Hehee.

Re: Take Profit ATR Exists

Hello footon
yes its long time , iam so busy these days but still following the forum from time to time
i will try but have no time right now

i have an approach and if you are kind enough as usual code it plz

My approach will be

1- make two ATR values Atrstop1 , Atrstop2 '' Like the Oscillator of ATR'' . but both will have the same smoothing numerical slot and also will share the numerical Multple source.
         
2- Add Extra two Numerical parameters each will be multiplied  with different ATRstop '' now we have ATRstop 1 ,2''.


3- use public override void from stoplimit indicator '' using the values from atrstop1,2 ''

Re: Take Profit ATR Exists

I'm quite tight with the schedule too, probably will go or have to go offline for couple of months to have a fighting chance at least.

Overall my thinking goes along similar lines, but look at the stop limit source, I can't see a way to make it work this easily.

Then there's the question if stop limit can be overridden, if not then there's no chance.

Re: Take Profit ATR Exists

I don't think it can be done now. But I have idea to move the integrated in the builder/trader  "special" code  to the indicators. I'm not sure when and how will make this, but I'll try.

But before that I have to make 20-30 tutorial videos for the program and to make documentation and infrastructure for developing custom indicators.

I also have been busy these weeks but hopefully I'll finish tomorrow and will return to my usual developing/learning/testing/documenting cycle.

Re: Take Profit ATR Exists

Popov wrote:

I don't think it can be done now. But I have idea to move the integrated in the builder/trader  "special" code  to the indicators. I'm not sure when and how will make this, but I'll try.

But before that I have to make 20-30 tutorial videos for the program and to make documentation and infrastructure for developing custom indicators.

I also have been busy these weeks but hopefully I'll finish tomorrow and will return to my usual developing/learning/testing/documenting cycle.

A quick question - can standard stop limit be overridden?

Re: Take Profit ATR Exists

A quick question - can standard stop limit be overridden?

You can, but I'm not sure how you can change the behavior.