ATR STOP NOT WORKING

  • This topic has 2 replies, 2 voices, and was last updated 2 months ago by avatarJS.
Viewing 3 posts - 1 through 3 (of 3 total)
  • #231523

    WHAT APPEARS TO BE WRONG WITH THIS CODE NOT WORKING? THANKS FOR THE HELP
    // Calculate the Average True Range (ATR)
    ATR_Length = 14
    ATR = AverageTrueRange(ATR_Length)

    indicator1 = supertrend[Multiplier, Length]

    if close crosses over indicator1 then
    buy at market
    endif

    if close crosses under indicator1 then
    sellshort at market
    endif

    set target pprofit 50
    set target pprofit 12 // Profit target of 12 points

    // Set stop loss at 1.5 times ATR
    ATR_Value = valuewhen(1, ATR)
    SET STOP PTRAILING TRAILING Ptrailing ATR_Value * 1.5

    #231535
    JS

    Hi,

    ATR-Length => ATRLength

    Buy at Market => Buy x contract at Market

    SellShort at Market => SellShort x contract at Market

    ATRValue=valuewhen(1,ATR) => this is no PRT code…???

    SET STOP PTRAILING TRAILING Ptrailing ATR_Value * 1.5 => Set Stop PTrailing x

    (x = atr * 1.5)

    #231536
    JS

    ATR = AverageTrueRange(ATR_Length) => ATR=AverageTrueRange[ATRLength](Close)

Viewing 3 posts - 1 through 3 (of 3 total)

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