ATR Tralingstop help

• 03/04/2021 at 11:37 PM #163154
  tompa3

  Basically I came over this ATRtraling stop, I think it made by GraHal so thanks to him. I’m not so used to ATR but I think it works good though. Problem is that I can’t really understand the different parameters and what they mean. So if someone please can help me understand ill be grateful.
  What I’m wondering about:

  once tsincrements =  // set to 0 to ignore tsincrements once tsminatrdist = once tsatrperiod = // ts atr parameter once tsminstop =  // ts minimum stop distance once tssensitivity =  // [0]close;[1]high/low trailingstoplong = // ts atr distance trailingstopshort = // ts atr distance

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  once tsincrements =  // set to 0 to ignore tsincrements once tsminatrdist =   once tsatrperiod = // ts atr parameter once tsminstop =  // ts minimum stop distance   once tssensitivity =  // [0]close;[1]high/low   trailingstoplong = // ts atr distance trailingstopshort = // ts atr distance

  What parameters can I optimize and what should be set to standard values? What values is okey  to use to not overoptimize can I use decimals on some of these values or will it be a bit to much? Please give me some tips 🙂

  Whole ATR CODE:

  Whole ATR Code

  // %trailing stop function incl. cumulative positions once tsincrements = // set to 0 to ignore tsincrements once tsminatrdist = once tsatrperiod = // ts atr parameter once tsminstop = // ts minimum stop distance once tssensitivity = // [0]close;[1]high/low if barindex=tradeindex then trailingstoplong = // ts atr distance trailingstopshort = // ts atr distance else if longonmarket then if tsnewsl>0 then if trailingstoplong>tsminatrdist then if tsnewsl>tsnewsl[1] then trailingstoplong=trailingstoplong else trailingstoplong=trailingstoplong-tsincrements endif else trailingstoplong=tsminatrdist endif endif endif if shortonmarket then if tsnewsl>0 then if trailingstopshort>tsminatrdist then if tsnewsl<tsnewsl[1] then trailingstopshort=trailingstopshort else trailingstopshort=trailingstopshort-tsincrements endif else trailingstopshort=tsminatrdist endif endif endif endif tsatr=averagetruerange[tsatrperiod]((close/10)*pipsize)/1000 //tsatr=averagetruerange[tsatrperiod]((close/1)*pipsize) // (forex) tgl=round(tsatr*trailingstoplong) tgs=round(tsatr*trailingstopshort) if not onmarket or ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then tsmaxprice=0 tsminprice=close tsnewsl=0 endif if tssensitivity then tssensitivitylong=high tssensitivityshort=low else tssensitivitylong=close tssensitivityshort=close endif if longonmarket then tsmaxprice=max(tsmaxprice,tssensitivitylong) if tsmaxprice-tradeprice(1)>=tgl*pointsize then if tsmaxprice-tradeprice(1)>=tsminstop then tsnewsl=tsmaxprice-tgl*pointsize else tsnewsl=tsmaxprice-tsminstop*pointsize endif endif endif if shortonmarket then tsminprice=min(tsminprice,tssensitivityshort) if tradeprice(1)-tsminprice>=tgs*pointsize then if tradeprice(1)-tsminprice>=tsminstop then tsnewsl=tsminprice+tgs*pointsize else tsnewsl=tsminprice+tsminstop*pointsize endif endif endif if longonmarket then if tsnewsl>0 then sell at tsnewsl stop endif if tsnewsl>0 then if low crosses under tsnewsl then sell at market // when stop is rejected endif endif endif if shortonmarket then if tsnewsl>0 then exitshort at tsnewsl stop endif if tsnewsl>0 then if high crosses over tsnewsl then exitshort at market // when stop is rejected endif endif endif

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  // %trailing stop function incl. cumulative positions   once tsincrements =           // set to 0 to ignore tsincrements once tsminatrdist =   once tsatrperiod    =        // ts atr parameter once tsminstop      =          // ts minimum stop distance   once tssensitivity        =     // [0]close;[1]high/low   if barindex=tradeindex then trailingstoplong     =    // ts atr distance trailingstopshort    =    // ts atr distance else if longonmarket then if tsnewsl>0 then if trailingstoplong>tsminatrdist then if tsnewsl>tsnewsl[1] then trailingstoplong=trailingstoplong else trailingstoplong=trailingstoplong-tsincrements endif else trailingstoplong=tsminatrdist endif endif endif if shortonmarket then if tsnewsl>0 then if trailingstopshort>tsminatrdist then if tsnewsl<tsnewsl[1] then trailingstopshort=trailingstopshort else trailingstopshort=trailingstopshort-tsincrements endif else trailingstopshort=tsminatrdist endif endif endif endif tsatr=averagetruerange[tsatrperiod]((close/10)*pipsize)/1000 //tsatr=averagetruerange[tsatrperiod]((close/1)*pipsize) // (forex) tgl=round(tsatr*trailingstoplong) tgs=round(tsatr*trailingstopshort) if not onmarket or ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then tsmaxprice=0 tsminprice=close tsnewsl=0 endif if tssensitivity then tssensitivitylong=high tssensitivityshort=low else tssensitivitylong=close tssensitivityshort=close endif if longonmarket then tsmaxprice=max(tsmaxprice,tssensitivitylong) if tsmaxprice-tradeprice(1)>=tgl*pointsize then if tsmaxprice-tradeprice(1)>=tsminstop then tsnewsl=tsmaxprice-tgl*pointsize else tsnewsl=tsmaxprice-tsminstop*pointsize endif endif endif if shortonmarket then tsminprice=min(tsminprice,tssensitivityshort) if tradeprice(1)-tsminprice>=tgs*pointsize then if tradeprice(1)-tsminprice>=tsminstop then tsnewsl=tsminprice+tgs*pointsize else tsnewsl=tsminprice+tsminstop*pointsize endif endif endif if longonmarket then if tsnewsl>0 then sell at tsnewsl stop endif if tsnewsl>0 then if low crosses under tsnewsl then sell at market // when stop is rejected endif endif endif if shortonmarket then if tsnewsl>0 then exitshort at tsnewsl stop endif if tsnewsl>0 then if high crosses over tsnewsl then exitshort at market // when stop is rejected endif endif endif

  / tompa3

  

  tompa3

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  03/05/2021 at 10:09 AM #163177
  GraHal

  Above is not one of mine so I can’t help, sorry.

  If you post the link to where you found the TS then it may help folks understand the code and variable parameters etc.

  

  GraHal

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  03/05/2021 at 11:06 AM #163189
  nonetheless

  once tsincrements = // usually 0 – 0.2, effects how quickly the stop will trail
  once tsminatrdist = // 0 – 3, but this setting often has no effect at all

  once tsatrperiod = // typically 14, how many periods it looks back – not worth optimizing
  once tsminstop = // enter the minimum stop distance as set by IG, DJ = 12, NAS = 4, DAX = 5 etc

  once tssensitivity = // [0]close;[1]high/low //this chooses how the stop is triggered: 0 = when price closes above/below the trigger level, 1 = previous candle high above trigger or low if short

  trailingstoplong = // ts atr distance  // typically 3-10, this is the most important setting
  trailingstopshort = // ts atr distance // as above but usually worth optimizing separately

  Take note of line 43 if you’re trading Forex (ie use 43 and // line 42)

  I think Paul gets the credit for this TS, this is his revised version which will also work with cumulative orders. Note that he advises NOT to use ONCE with tssensitivity

  // trailing atr stop incl. cumulative positions once trailingstoptype2 = 1 if trailingstoptype2 = 1 then //==================== once tsincrements = tsi // set to 0 to ignore tsincrements once tsminatrdist = tsm once tsatrperiod = 14 // ts atr parameter once tsminstop = IG // ts minimum stop distance tssensitivity = 2 // [1] default [2] high/low [3] low/high [4] typicalprice (not use once) //==================== if barindex=tradeindex then trailingstoplong = tsl // ts atr distance trailingstopshort = tss // ts atr distance else if longonmarket then if tsnewsl>0 then if trailingstoplong>tsminatrdist then if tsnewsl>tsnewsl[1] then trailingstoplong=trailingstoplong else trailingstoplong=trailingstoplong-tsincrements endif else trailingstoplong=tsminatrdist endif endif endif if shortonmarket then if tsnewsl>0 then if trailingstopshort>tsminatrdist then if tsnewsl<tsnewsl[1] then trailingstopshort=trailingstopshort else trailingstopshort=trailingstopshort-tsincrements endif else trailingstopshort=tsminatrdist endif endif endif endif tsatr=averagetruerange[tsatrperiod]((close/10))/1000 //tsatr=averagetruerange[tsatrperiod]((close/1)) // (forex) tgl=round(tsatr*trailingstoplong) tgs=round(tsatr*trailingstopshort) if not onmarket or ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then tsmaxprice=0 tsminprice=close tsnewsl=0 mypositionpriceatr = 0 endif positioncountatr = abs(countofposition) if tsnewsl > 0 then if positioncountatr > positioncountatr[1] then if longonmarket then tsnewsl = max(tsnewsl,positionprice * tsnewsl / mypositionpriceatr) else tsnewsl = min(tsnewsl,positionprice * tsnewsl / mypositionpriceatr) endif endif endif if tssensitivity=1 then tssensitivitylong=close tssensitivityshort=close elsif tssensitivity=2 then tssensitivitylong=high tssensitivityshort=low elsif tssensitivity=3 then tssensitivitylong=low tssensitivityshort=high elsif tssensitivity=4 then tssensitivitylong=typicalprice tssensitivityshort=typicalprice endif if longonmarket then tsmaxprice=max(tsmaxprice,tssensitivitylong) if tsmaxprice-positionprice>=tgl*pointsize then if tsmaxprice-positionprice>=tsminstop then tsnewsl=tsmaxprice-tgl*pointsize else tsnewsl=tsmaxprice-tsminstop*pointsize endif endif endif if shortonmarket then tsminprice=min(tsminprice,tssensitivityshort) if positionprice-tsminprice>=tgs*pointsize then if positionprice-tsminprice>=tsminstop then tsnewsl=tsminprice+tgs*pointsize else tsnewsl=tsminprice+tsminstop*pointsize endif endif endif if longonmarket then if tsnewsl>0 then sell at tsnewsl stop endif if tsnewsl>0 then if low crosses under tsnewsl then sell at market // when stop is rejected endif endif endif if shortonmarket then if tsnewsl>0 then exitshort at tsnewsl stop endif if tsnewsl>0 then if high crosses over tsnewsl then exitshort at market // when stop is rejected endif endif endif mypositionpriceatr = positionprice endif

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  // trailing atr stop incl. cumulative positions once trailingstoptype2     = 1 if trailingstoptype2 = 1 then //==================== once tsincrements = tsi // set to 0 to ignore tsincrements once tsminatrdist = tsm   once tsatrperiod    = 14 // ts atr parameter once tsminstop      = IG // ts minimum stop distance   tssensitivity = 2 // [1] default [2] high/low [3] low/high [4] typicalprice (not use once) //==================== if barindex=tradeindex then trailingstoplong     = tsl // ts atr distance trailingstopshort    = tss // ts atr distance else if longonmarket then if tsnewsl>0 then if trailingstoplong>tsminatrdist then if tsnewsl>tsnewsl[1] then trailingstoplong=trailingstoplong else trailingstoplong=trailingstoplong-tsincrements endif else trailingstoplong=tsminatrdist endif endif endif if shortonmarket then if tsnewsl>0 then if trailingstopshort>tsminatrdist then if tsnewsl<tsnewsl[1] then trailingstopshort=trailingstopshort else trailingstopshort=trailingstopshort-tsincrements endif else trailingstopshort=tsminatrdist endif endif endif endif tsatr=averagetruerange[tsatrperiod]((close/10))/1000 //tsatr=averagetruerange[tsatrperiod]((close/1)) // (forex) tgl=round(tsatr*trailingstoplong) tgs=round(tsatr*trailingstopshort) if not onmarket or ((longonmarket and shortonmarket[1]) or (longonmarket[1] and shortonmarket)) then tsmaxprice=0 tsminprice=close tsnewsl=0 mypositionpriceatr = 0 endif positioncountatr = abs(countofposition) if tsnewsl > 0 then if positioncountatr > positioncountatr[1] then if longonmarket then tsnewsl = max(tsnewsl,positionprice * tsnewsl / mypositionpriceatr) else tsnewsl = min(tsnewsl,positionprice * tsnewsl / mypositionpriceatr) endif endif endif if tssensitivity=1 then tssensitivitylong=close tssensitivityshort=close elsif tssensitivity=2 then tssensitivitylong=high tssensitivityshort=low elsif tssensitivity=3 then tssensitivitylong=low tssensitivityshort=high elsif tssensitivity=4 then tssensitivitylong=typicalprice tssensitivityshort=typicalprice endif if longonmarket then tsmaxprice=max(tsmaxprice,tssensitivitylong) if tsmaxprice-positionprice>=tgl*pointsize then if tsmaxprice-positionprice>=tsminstop then tsnewsl=tsmaxprice-tgl*pointsize else tsnewsl=tsmaxprice-tsminstop*pointsize endif endif endif if shortonmarket then tsminprice=min(tsminprice,tssensitivityshort) if positionprice-tsminprice>=tgs*pointsize then if positionprice-tsminprice>=tsminstop then tsnewsl=tsminprice+tgs*pointsize else tsnewsl=tsminprice+tsminstop*pointsize endif endif endif if longonmarket then if tsnewsl>0 then sell at tsnewsl stop endif if tsnewsl>0 then if low crosses under tsnewsl then sell at market // when stop is rejected endif endif endif if shortonmarket then if tsnewsl>0 then exitshort at tsnewsl stop endif if tsnewsl>0 then if high crosses over tsnewsl then exitshort at market // when stop is rejected endif endif endif mypositionpriceatr = positionprice endif

   

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  nonetheless

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