Volatility Scalper S1 V01
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SET STOP pLOSS 5
trailingstart = 15 //trailing will start @trailinstart points profit trailingstep = 5 /
Did you do a decent backtest with tick by tick enabled (very important tick by tick enabled, useless without)?
With SL of 5 and TS of 15 and a step of 5 then nearly all trades will get stopped out as there is not enough room for retrace etc.
Even on a 1 sec TF, a Strategy needs room to allow for fib retrace; unless it’s a true Scalper … but until we get Arrays working I can’t see us having a true scalper??
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threshATRPeriod = 4
SET STOP pLOSS 300
trailingstart = 15 //trailing will start @trailinstart points profit
trailingstep = 7 //trailing step to move the “stoploss”last test, with DJI 2$, spread 2
i just have a conscience problem with the initial stop.. i have a dilemma between this high value of SL or to change it with ATR.. but results aren’t same
Do you have an idea to use good calculation of ATR for initial stop ? or maybe tt include an ATRS too
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ATR Trailing Stops Setup
Typical ATR time periods used vary between 5 and 21 days. Wilder originally suggested using 7 days, short-term traders use 5, and longer term traders 21 days. Multiples between 2.5 and 3.5 x ATR are normally applied for trailing stops, with lower multiples more prone to whipsaws.
The default is set as 3 x 21-Day ATR.
Closing Price is set as the default option. The alternative is HighLow (see Formula below).
See Indicator Panel for directions on how to set up an indicator — and Edit Indicator Settings to change the settings.
ATR Trailing Stops Formula
Trailing stops are normally calculated relative to closing price:
- Calculate Average True Range (“ATR”)
- Multiply ATR by your selected multiple — in our case 3 x ATR
- In an up-trend, subtract 3 x ATR from Closing Price and plot the result as the stop for the following day
- If price closes below the ATR stop, add 3 x ATR to Closing Price — to track a Short trade
- Otherwise, continue subtracting 3 x ATR for each subsequent day until price reverses below the ATR stop
- We have also built in a ratchet mechanism so that ATR stops cannot move lower during a Long trade nor rise during a Short trade.
The HighLow option is a little different: 3xATR is subtracted from the daily High during an up-trend and added to the daily Low during a down-trend.
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