MTDS settings Stop Calc Mode
MTDS Resources:
If you did not: you should start with the resources below:
MTDS User Orientation: https://microtrends.zendesk.com/entries/81497979-MTDS-New-User-Orientation
Forum here: https://microtrends.zendesk.com/forums/21696122-MT-Double-Shot-Strategy-Foundation
videos: here: https://www.youtube.com/playlist?list=PLtKS2GMs9w4U5sfvbaHt8Flv99oVLBMRP -see video 2 and 3
Woodies Chart Trader usage ( AKA MTDS Trade Manager NinjaBuddy ) https://www.youtube.com/playlist?list=PLtKS2GMs9w4WD6jg0FIpvpEjryKToSNfN
Quick Start: http://blog.microtrends.co/2015/05/mtds-session-open-range-trader-quick-start-for-forex-automated-trading/
StopCalcMode
Your requirements are exaclty resolved by StopCalcMode - as you will find in the quickstart examples provided also:
>Stop Calc Mode: 0 is static
> StopCalMode>0 is adaptive
The apdative modes use calculations based on the indicators: MTDS ATR, MTDS PCRA and MTDS USAR you can add them to the chart yourself if you want to see them.
This will fit your exactly requirements as a generic approach and good place to start:
1. Stop Calc Mode: 1
Use Stop Calc Mode Multiplier: 1.5 to 2.5 as the typical range
2. Stop Calc Mode: 2
Use Stop Calc Mode Multiplier: 0.5 to 2 as the typical range
3. stop Calc Mode 3
Use Stop Calc Mode Multiplier: 0.55 to 1 as the typical range
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Tip! You can visit the help desk forum to see previous answered frequently asked questions:
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