Topic: Trailling Stop & Profit based on ATR/Volatility

Hi,

Do you know how to create the strategy where similar like the trailing stop loss & take profit level which are based on the ATR/Volatility and some multiplier instead of a fixed number? So when the volatility is high the limit band will expand, and while volatility is low it will contract.

Thanks

Danny

Re: Trailling Stop & Profit based on ATR/Volatility

You can try "ATR Stop". It calculates ATR for a specific period, multiplies it with a chosen multiplier and uses the found level as a fixed SL to a position.

There are no options for trailing ATR or for ATR take profit.

Re: Trailling Stop & Profit based on ATR/Volatility

Would it be very difficult to add this as an option for fixed Stop Loss?
This could fit the SL to the actual market conditions and could be an improvement for
various strategies, especially when a sophisticated Trade Exit Strategy is used, too.

Re: Trailling Stop & Profit based on ATR/Volatility

I think to add these options to Trailing Stop's initial value:
- fixed pips (like now);
- previous low
- pre-previous low
- ATR * multiplier


The same also for Stop Loss and Take Profit

5 (edited by Opioid 2010-01-12 20:01:24)

Re: Trailling Stop & Profit based on ATR/Volatility

That would be great, I am looking forward to this.
Maybe it could also be implemented into the optimizer tool, to
test verious settings.