Rank: Newbie
Groups: Registered, Registered Users
Joined: 2/16/2009(UTC)
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Hi
can somenody help me with this?
was trying to code a trend following system. want to know how to code a trailing stop where
trailingstop= prev close - 10 day ATR?
ps: also by default a trailing stop can only be revised upwards (in case of longs) and vice versa.
i..e if todays close is lower than yesterdays close and ATR hasnt changed then the stop level remains the same.
Thanks in advance
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users
Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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Hi charispur, Welcome to the Forum. Do a search of the forum for trailing stops and see that much has been written already; some of the posts will show you the different codes to do this yourself, some posts will direct you to Richard Dale's excellent (and free) advanced stops add-in available from his website: http://www.tradernexus.com/advancedstop/advancedstop.html
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