Hi, Thank you for posting this. I am very new to this concept and wish to ask what may be a stupid question. Here goes anyway:
Example: I have a max risk goal of not to lose more than 2% on any given trade.
1.) How would I set the inputs for this?
I have read some stuff on what is called an Average True Range Dynamic Stop.
2.) Is your script an ATR Dynamic Stop or something else?
Thanks
HPotter
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Hi, codetrader
1) I can`t recomendet to you anything. I don`t use this script, I just coding it from magazine Stocks & Commodities Jun 2009. Sorry.
2) This script recalculated on the realtime and make changes in the stoploss level dynamically.
Codetrader
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Okay, thanks you
RJBK93
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@Codetrader, nATRperiod = aantal timeframe eenheden = 5 uren/dagen/minuten afhankelijk van je timeframe nATRMultip = vermenigvuldingsfactor van de berekende ATR
TraderPavlos
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Hey! Thanks for the script!
Question: Is it repainting?
Maybe a stupid question but is the default setting (NATRPERIOD: 5 and NATRMULTIP: 3.5) 2x 5 day ATR in practice? The trailing line is always 2x 5day ATR from the price? So if I change the NATRPERIOD to "14" and multipel stays at 3.5, then I get a trailing line that shows 2x 14day ATR?
Example: I have a max risk goal of not to lose more than 2% on any given trade.
1.) How would I set the inputs for this?
I have read some stuff on what is called an Average True Range Dynamic Stop.
2.) Is your script an ATR Dynamic Stop or something else?
Thanks