MTDS - ATR for Trailing Stop

Originally from ticket #3018.

I would like to use ATR for TRAILING STOP without setting a TARGET, but I don't understand what the various variables should be set to.

Could you please help me setup the following sections:

Strategy ATM Stops
Strategy ATM Targets
Strategy ATM Trailing Stops
Strategy Shared Components

If I have left something off that affects how this works please include it.

Thanks,
Terry

Hi

Please wathc this video:
https://www.youtube.com/playlist?list=PLtKS2GMs9w4U5sfvbaHt8Flv99oVLBMRP
Skip the install part but watch the demo on the Multi MA Crossover

and this video for MTDS ninjaBuddy ( white labelled Woodies chart Trader in this video)
https://www.youtube.com/playlist?list=PLtKS2GMs9w4WD6jg0FIpvpEjryKToSNfN

MANUAL SAMPLE

Here is a sample for trying manually with the Ninjabuddy Chart Trader or a robot as you wish.

STOP LOSS= 18
STOP LOSS CALC MODE= 0

Move to breakeven -10 ticks at 8 ticks of profit

BE TRIGGER = 8
BE OFFSET = -10
BE TRIGGER CALC MODE=0
BE OFFSET CALC MODE =0

Trail Stop Mode 0:Off, 1 Low/High 2:Prev Low/High, 3:Price, 4:ATR Median, 5:ATR Median Bands Low/High

trail by price example
at 12 ticks of profit trigger the trailing stop to trail by 12
TRAIL TRIGGER = 12
TRAIL STOP TYPE = 3 - trail by price
TRAIL TRIGGER CALC MODE= 0
TRAIL STOP OFFSET =12
TRAIL STOP OFFSET CALC MODE

ATR Trail Example
at 15 ticks of profit trigger the trailing stop to trail by an offset of 10 away from the ATR Median Bands Low/High
TRAIL TRIGGER = 15
TRAIL STOP TYPE = 5 - ATR
TRAIL TRIGGER CALC MODE= 0
TRAIL STOP OFFSET =10
TRAIL STOP OFFSET CALC MODE

Shared Strategy Components:
To change the way the ATR is calculated you can if you wish change the following parameters :
To control indicators used for trails 4 and 5
MT Double Shot Strategy ATR Median and Price Channel Range Average (PCRA)
"ATR Median PCR - ATR Period"
"ATR Median PCR - ATR Smoothing"
"ATR Median PCR - Median Period"
and this will affect the following:

MTDS Trail Stops
TrailStopType=4
TrailStopType=5

MTDS Exits
TradeExitMode=16

MTDS Filters
tradeFilterMode=1
tradeFilterMode=2

Related links
Try this screenshot:
http://woodies.microtrends.co/woodies-bars-collection-and-super-cci-gallery/#jp-carousel-181
Note the Trail Stop is the pink dot on the chart
Look in the section in the parameters for: Strategy ATM Trailing Stops:
and note the settings..

please let us know if require more assistance

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support@microtrends.co
http://www.microtrends.co/support/

Tip! You can visit the help desk forum to see previous answered frequently asked questions:
http://microtrends.zendesk.com/forums