How can I code ATR for position sizing and stops ?

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  • Author
    Posts
  • 11/14/2018 at 6:04 PM #84876 quote
    hendymk
    Participant
    New

    Hi,

    I am trying to create a very basic code that I can then improve upon but I am really struggling to ATR stop. Everything I have tried comes back with an error. Can someone please help me ?

     

    Thanks people

     

    // Conditions to enter long positions
IF NOT LongOnMarket AND Average[50](close) crosses under DClose(1) THEN
BUY 1 CONTRACTS AT MARKET
ENDIF

// Conditions to exit long positions
If LongOnMarket AND Average[50](close) crosses over DClose(1) THEN
SELL AT MARKET
ENDIF

// Conditions to enter short positions
IF NOT ShortOnMarket AND Average[50](close) crosses over DClose(1) THEN
SELLSHORT 1 CONTRACTS AT MARKET
ENDIF

// Conditions to exit short positions
IF ShortOnMarket AND Average[50](close) crosses under DClose(1) THEN
EXITSHORT AT MARKET
ENDIF

    I

    11/14/2018 at 7:21 PM #84882 quote
    TempusFugit
    Participant
    Veteran

    Hi Hendymk,

    I use this code with some of my systems:

    //Variables
NATR = A //ATR Period
SATR = B // ATR Multiplier for Stop
PATR = C// ATR Multiplier for Profit

//Stop and Target
SET STOP LOSS SATR*AverageTrueRange[NATR](close)
SET TARGET PROFIT PATR*AverageTrueRange[NATR](close)

    Does it work for you?

    Nicolas and hendymk thanked this post
    11/16/2018 at 5:32 PM #85051 quote
    hendymk
    Participant
    New

    Hi Tempus,

    I will try this over the weekend, appreciate your help. Thank you.

    11/19/2018 at 10:34 AM #85177 quote
    GraHal
    Participant
    Master
    TempusFugit wrote:

    I use this code with some of my systems:

    I added your code as Row 78 to the Snippet Library.

    10/06/2019 at 8:08 PM #109436 quote
    sulimaster
    Participant
    Average

    Hi Tempus

    Would this code work with SET STOP pTRAILING as well?

    //Variables
NATR = A //ATR Period
SATR = B // ATR Multiplier for Stop
PATR = C// ATR Multiplier for Profit


//Stop and Target
SET STOP LOSS SATR*AverageTrueRange[NATR](close)
SET TARGET PROFIT PATR*AverageTrueRange[NATR](close)

     

    Thanks
    Sachin
    10/06/2019 at 8:58 PM #109443 quote
    Vonasi
    Moderator
    Master

    sulimaster – please always use the ‘Insert PRT Code’ button when putting code in your posts as it makes it far easier for others to read. I have tidied up your post for you! 🙂

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How can I code ATR for position sizing and stops ?


ProOrder: Automated Strategies & Backtesting

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hendymk @hendymk Participant
Summary

This topic contains 5 replies,
has 5 voices, and was last updated by Vonasi
6 years, 4 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 11/14/2018
Status: Active
Attachments: No files
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