How can I code ATR for position sizing and stops ?

hendymk · 2018-11-14T17:04:34+00:00

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

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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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