"Modified" ATR Trailing Stop

[twoblink]

http://taylortree.com/2006/01/innovating-exits.html

One of the things that was missing from my self-designed trading system was a good trailing stop loss method.

I tried the ATR trailing stop, and got stopped out early all the time; so I read the link above, and programmed his method, and it works like a charm :cheesy:

So I just wanted to share with everybody, that this method is very useful.

I take mine with a ATR Multiplier of 3, Closing Price of 21 bars, ATR for 13 days.

 

[Dumuzi]

No, doesn't work. If you buy on a sudden, low price SL will be on the wrong side of the price.

 

[NVP]

TaylorTree

One of the things that was missing from my self-designed trading system was a good trailing stop loss method.

I tried the ATR trailing stop, and got stopped out early all the time; so I read the link above, and programmed his method, and it works like a charm :cheesy:

So I just wanted to share with everybody, that this method is very useful.

I take mine with a ATR Multiplier of 3, Closing Price of 21 bars, ATR for 13 days.

hey dude - at least you are posting on THE most important and overlooked part of successful trading.......

http://www.trade2win.com/boards/for...117416-best-exit-strategies-forex-market.html

N

 

[Sifugann]

hey dude - at least you are posting on THE most important and overlooked part of successful trading.......

http://www.trade2win.com/boards/for...117416-best-exit-strategies-forex-market.html

N