How can I code ATR for position sizing and stops ?

• 11/14/2018 at 6:04 PM #84876
  hendymk

  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

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  // 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

   

  

  hendymk

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  11/14/2018 at 7:21 PM #84882
  TempusFugit

  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)

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  //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?

   

   

  2 users thanked author for this post.

  hendymk, Nicolas

  

  TempusFugit

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  11/16/2018 at 5:32 PM #85051
  hendymk

  Hi Tempus,

  I will try this over the weekend, appreciate your help. Thank you.

  

  hendymk

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  11/19/2018 at 10:34 AM #85177
  GraHal

  TempusFugit wrote:

  I use this code with some of my systems:

  I added your code as Row 78 to the Snippet Library.

  

  GraHal

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  10/06/2019 at 8:08 PM #109436
  sulimaster

  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)

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  //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

  

  sulimaster

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  10/06/2019 at 8:58 PM #109443
  Vonasi

  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! 🙂

  

  Vonasi

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