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Hi.
How can I code an Expert advisor to exit on a 3times ATR trailing stop? The formula I want to use is
H-3*ATR(10)
So when the entry signal occurred I would like the expert advisor to work out a 3*ATR from the entry signal’s high.
Thank you
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you have to develop a latch type of system
Long_entry:={your entry};
Long_exit:={long exit};
Short_Entry:={your short entry};
Short_exit:={your short exit};
Define those conditions then use the forum dll to form a Latch
or define a long_condition and a short_condition
Signal:=Long-short ;
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Rank: Member
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I tried this
LE:={entry condition};
LX:=C<h-3*ATR(10);
Z:= ExtFml( "Forum112.Latch", LE, LX, 0, 0);
EnterLong:=Z = 1 AND Ref(Z,-1) 1;
ExitLong:=Z = 0 AND Ref(Z,-1) = 1;
EnterLong-ExitLong;
It works but the long exit(LX) doesnt work. I want the ATR to be calculated from the entry and it doesnt seem if the latch function does it? Any help?
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Rank: Member
Groups: Registered, Registered Users
Joined: 9/2/2010(UTC)
Posts: 11
Location: South Africa
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Rank: Member
Groups: Registered, Registered Users
Joined: 9/2/2010(UTC)
Posts: 11
Location: South Africa
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Sorry the formula doesnt want to paste. The LX:= high minus 3times ATR must be smaller than the close
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Rank: Advanced Member
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Rank: Member
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Thanks Wabbit
I did download the advanced stop but I dont know how to program the stages in expert advisor. I know I must somehow use the Stagelong function but I dont fully understand all the "stuff" I must enter into it
ExtFml( "AdvancedStop.StageLong", Entry Condition, Initial Stop at Entry, Transition to breakeven/TPS, TPS, First Pyramid Condition, TPS at First Pyramid, Second Pyramid Condition, TPS at Second Pyramid)
What must I put in? e.g must I type in by initial stop 3times ATR and by first pyramid condition=5timesATR(asuming I'm using a 3TimesATR stop and a 5timesATR pyramiding entry)
Thank you for your patience
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Rank: Advanced Member
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Joined: 10/28/2004(UTC)
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Location: Perth, Western Australia
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USAGE
After installation, a DLL file called AdvancedStop is stored
in your equis\metastock\external formula dlls directory. The
Advanced Stop DLL has four functions that can be called:
StopLong - the trailing profit stop on a long trade
StopShort - the trailing profit stop on a short trade
StageLong - the stage of the trade in a long trade
StageShort - the
stage of the trade in a short trade
All of the above functions take the following parameters:
Entry Condition - what causes an entry (eg. a particular date,
moving average crossover etc.)
Initial Stop
at Entry - The stop point when you enter the trade
Transition to breakeven stop - The price at which you transition
to a breakeven point (calculated on day of entry) - set this to
0
if you do not want to use a breakeven stop.
Trailing Profit Stop - The value of the trailing profit stop, calculated
on each day of the trade.
First Pyramid Condition - The price at which you transition to
the first pyramid condition (calculated on day of entry). Set this
to 0 if you do not want to use a pyramid
Trailing Profit Stop at First Pyramid - The value of the trailing
profit stop, calculated on each day of the trade, after the first
pyramid point has been signalled. Set to 0 if you do not want to
use this.
Second Pyramid Condition - The price at which you transition to
the first pyramid condition (calculated on day of entry). Set this
to 0 if you do not want to use a pyramid
Trailing Profit Stop at Second Pyramid - The value of the trailing profit stop,
calculated on each day of the trade, after the second pyramid point has been
signalled.
Set to 0 if you do not want to use this.
wabbit [:D]
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Rank: Advanced Member
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The top one says:
> AdvancedTrailingStop v1.1 for Metastock v8.X or v9.X or v10.x (156K download)
Does it work for v11, too?
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users
Joined: 10/28/2004(UTC)
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Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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