ATR STOP LOSS

kmilo20000 · 2020-02-06T10:01:40+00:00

Hello, I have been trying to code an ATR based stop loss, but so far I have not been able to do it. I am now wondering if it is possible at all. Basically, I just want that, after the conditions are met, the order is open and its stop loss is also created according to the value of 3 times the ATR. Condition1 = Close[1]> Average[24] IF Condition1 THEN BUY 1 CONTRACTS AT MARKET Endif X=(AverageTrueRange[10](close))*3 SET STOP LOSS X I tryed this and it did not work out:Anybody has any ideas?

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02/06/2020 at 11:01 AM #118820 quote
kmilo20000
Participant

New
Hello,

I have been trying to code an ATR based stop loss, but so far I have not been able to do it. I am now wondering if it is possible at all.

Basically, I just want that, after the conditions are met, the order is open and its stop loss is also created according to the value of 3 times the ATR.
```
Condition1 = Close[1]> Average[24] 

IF Condition1 THEN BUY 1 CONTRACTS AT MARKET Endif 

X=(AverageTrueRange[10](close))*3 

SET STOP LOSS X
```
I tryed this and it did not work out:Anybody has any ideas?
02/06/2020 at 11:22 AM #118823 quote

kmilo20000
Participant

New

Nevermind. I already found the answer here:

https://www.prorealcode.com/topic/atr-stop-loss-query/

02/06/2020 at 11:36 AM #118824 quote

robertogozzi
Moderator

Legend

I deleted your duplicate post in the spanish support forum.

kmilo20000 thanked this post

02/11/2020 at 8:22 PM #119347 quote

Vonasi
Moderator

Master

Topic moved to ProOrder forum as it is a strategy related question and not an indicator related question which is what the ProBuilder forum is for.

So that is double posting and not posting in the correct forum. It’s a good thing we don’t operate a two strikes and your out policy here! 🙂

02/11/2020 at 8:47 PM #119359 quote

kmilo20000
Participant

New

Oopss! Sorry!
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