How can i modify trailing stop ATR based when i will be in profit

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04/27/2016 at 8:19 PM #6121 quote
lenny66
Participant

New
Hello to all,
I have a trailing stop ATR based and would like to modify it
(Lowering the ATR) multiplier to get out earlier if you turn when i’m in profit
to avoid going in loss.

Could you tell me how to do it, please, to find out if I’m in profit and how much euro?
This is the trailing stop code:
```
//default parameter values:
//ATRmoltiplicatore=1.9
//ATRperiodo=5

myhigh = highest[3](high) - ATRmoltiplicatore*(AverageTrueRange[ATRperiodo](close))
IF (mytot > low) THEN
myx = 0
ELSE
myx = myx + 0.03
ENDIF
myextra = (myx[1])*(AverageTrueRange[ATRperiodo](close))
mytot = myhigh + myextra
RETURN mytot
```
thanks
04/28/2016 at 7:43 AM #6127 quote

Nicolas
Keymaster

Master

You can calculate the actual position profit by making the difference between the open price of a position with TRADEPRICE and the actual close.

Then, multiply this difference with the point value of the instrument : POINTVALUE

And you’ll get the profit of the current position, but without fees of course

05/02/2016 at 10:19 PM #6363 quote

lenny66
Participant

New

Hi Nicolas,

thank you very much.

best regards,

Aldo

09/27/2016 at 8:13 PM #13823 quote

andrea1981
Participant

New

Do you have an example? because I create a code that is the same….but it doesn’t work….
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How can i modify trailing stop ATR based when i will be in profit

Platform Support: Charts, Data & Broker Setup

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lenny66 @lenny66 Participant

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This topic contains 3 replies,
has 3 voices, and was last updated by andrea1981
9 years, 4 months ago.

Topic Details

Forum:	Platform Support: Charts, Data & Broker Setup
Language:	English
Started:	04/27/2016
Status:	Active
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