Hello,

I was wondering if anyone has a ATR based Trailing stop for NT8?

The closest thing I can find and have is the ATR strategy by Sylvain Vervoort.

I searched the forum prior to posting and also searched NT's website. All I could find were variations of Vervoort's method.

It's a nice indicator, but it functions as always long or short.

I can't seem to find an indicator where once I am in the market, the ATR trails from the entry point.

I've inserted an image with the idea. As you can see the ATR is nice but lags by a few ticks.




thanks
brett

brettji 

Hello, I was wondering if anyone has a ATR based Trailing stop for NT8? The closest thing I can find and have is the ATR strategy by Sylvain Vervoort. I searched the forum prior to posting and also searched NT's website. All I could find were variations of Vervoort's method. It's a nice indicator, but it functions as always long or short. I can't seem to find an indicator where once I am in the market, the ATR trails from the entry point. I've inserted an image with the idea. As you can see the ATR is nice but lags by a few ticks. thanks brett

Hello,

I will try to give you an idea ( for NT7 only - I dont know for NT8 ) if you want to code your own strategy:

In "Initialize" section try the following lines :

SetTrailStop("MyEntryLong", CalculationMode.Ticks, (Low[0]- x*(Math.Abs(High[0] - Low[0]) ) ), simulated);
SetTrailStop("MyEntryShort", CalculationMode.Ticks, (High[0] + x*(Math.Abs(High[0] - Low[0]))) , simulated);

where x = double variable or a % (optimize to select the most profitable).
The above code may apply ONLY to strategies using Renko-type bars.

I have not checked this code, again, this is just an idea.

Have a nice day
George

I really like Fat Tail's indicator for this: https://www.lizardindicators.com/indicator-library-2/trailing-stop-loss/atr-stop-indicator/

I should note though that I watch it primarily to see when it has failed. The emini seems to actively gun for this level seeking liquidity.

Thank you, this is the indicator that I use and I agree. It seems traders / algos will hunt the standard ATR levels.

I like the ATR as part of a strategy and would like use the ATR Trailer once I'm in the market, but don't want to use it as a method of entry.

TWDsje 

I really like Fat Tail's indicator for this: https://www.lizardindicators.com/indicator-library-2/trailing-stop-loss/atr-stop-indicator/ I should note though that I watch it primarily to see when it has failed. The emini seems to actively gun for this level seeking liquidity.

Thank you George ~ I just enrolled at DataCamp.com so that I can take my ideas from Ninja to Python.

I appreciate you posting your idea.

ellinas 

Hello, I will try to give you an idea ( for NT7 only - I dont know for NT8 ) if you want to code your own strategy: In "Initialize" section try the following lines : SetTrailStop("MyEntryLong", CalculationMode.Ticks, (Low[0]- x*(Math.Abs(High[0] - Low[0]) ) ), simulated); SetTrailStop("MyEntryShort", CalculationMode.Ticks, (High[0] + x*(Math.Abs(High[0] - Low[0]))) , simulated); where x = double variable or a % (optimize to select the most profitable). The above code may apply ONLY to strategies using Renko-type bars. I have not checked this code, again, this is just an idea. Have a nice day George