ATR STOP NOT WORKING

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04/15/2024 at 11:16 AM #231523 quote

john1977
Participant

New

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

04/15/2024 at 2:58 PM #231535 quote

JS
Participant

Master

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)

04/15/2024 at 3:03 PM #231536 quote

JS
Participant

Master

ATR = AverageTrueRange(ATR_Length) => ATR=AverageTrueRange[ATRLength](Close)
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ATR STOP NOT WORKING

Platform Support: Charts, Data & Broker Setup

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john1977 @john1977 Participant

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This topic contains 2 replies,
has 2 voices, and was last updated by JS
2 years, 5 months ago.

Topic Details

Forum:	Platform Support: Charts, Data & Broker Setup
Language:	English
Started:	04/15/2024
Status:	Active
Attachments:	No files

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