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I would like to test various multiples of an ATR trailing stoploss. I want to test these using Roy Larsons 'Trade Equity LE'. My entry criteria is a New High and my exit criteria would be a close below the ATR trailing stoploss. However I cant figure out if its possible to use an ATR formula that would exit on a close below the stoploss and also allow me to have multiple entries and exits. Is it possible? If so would anyone know a formula that could do that?
thanks to anyone who can help
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Rank: Advanced Member
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The MACDH Divergence kit comes complete with just that, "smart" Long/Short ATR-based trailing stops.
You may also want to take a look at some of the free ATR-based trailing stop formulae found at MetaStockTools.com.
jose '-)
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Rank: Newbie
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Thanks for your reply Jose.
The MACDH Divergence kit looks like exactly what i am looking for. Could I just ask, this program would easily allow me to test multiple ATR exits with Larsons Trade Equity program?
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Rank: Advanced Member
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Posts: 1,065
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Was thanked: 2 time(s) in 2 post(s)
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The MACDH Divergence kit provides excellent divergence entry signals, and the included SmartStop trailing stop provides a basic safety exit.
Although I would highly recommend that the trader develops his own exit signals (and only use the trailing stops as a "safety net"), the signals can of course be backtested using the kit's annualized & risk-normalized profit indicators and explorations.
The same signals can be backtested using Roy's indicators, or the System Tester, or with TradeSim.
jose '-)
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Rank: Newbie
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If I may just ask another question Jose as I am not so well versed in system testing - I am interested in testing Richards Dales AdvanceStop over various multiple of ATR but I'm not sure how to use his formula in a system test. If my exit signal should be a Close below the AdvanceStop ATR how would I enter this formula in the system tester? Is it also possible to have multiple entries and exits in the system tester? Thanks again for your help - its very much appreciated!
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Rank: Advanced Member
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Joined: 1/19/2005(UTC)
Posts: 1,065
Location: Koh Pha-Ngan, Earth
Was thanked: 2 time(s) in 2 post(s)
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Sorry RCM, but I can't help much with the System Tester.
I use a system of proprietary system development & backtesting tools, available in both the URSC and MACDH Divergence kits.
jose '-)
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Rank: Newbie
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Thanks again Jose, I will take a look at those programs and see which will be best to do the job
cheers
RCM
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