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MTDS PArams for Trailing Stops 1.0.1.14 Clarification

MicroTrends Support

Originally from ticket #2967.

• Trailing Stop Offset..
o The amount by which the trail stop trails.

• Trailing Stop Offset Calc Mode
o 0: ticks
o 1: ATR
o 2: PCRA
 If 0, trail stop trails by a fixed amount.
 If 1, or 2, trail stop trails by a variable (adaptive) amount. What is PCRA?

• Trailing Stop Offset Calc Mode Coefficient
o A multiplier used to increase or decrease the offset values returned by the Trail Stop Offset Calc Mode calculation.

• Trailing Stop Trigger
o The distance price must move favourably before trail stop is activated.

• Trailing Stop Trigger Calc Mode
o 0: ticks
o 1: ATR
o 2: PCRA
 If 0, trail stop activation occurs after a fixed amount.
 If 1, or 2, trail stop activation occurs after a variable (adaptive) amount. What is PCRA?

• Trailing Stop Trigger Calc Mode Coefficient
o A multiplier used to increase or decrease the trigger values returned by the Trail Stop Trigger Calc Mode calculation.

• Trailing Stop Type
o 0: no trailing stop
o 1: trail the long (short) stop off current bar's high (low)
o 2: trail the long (short) stop off prior bar's high (low)
o 3: trail the long (short) stop off current bar's close
o 4: use ATR trailing stop ()
o 5: use ATR Median bands low/high 


Note that for all trail stops, trailing occurs not tick by tick but every N milliseconds instead (to preserve performance). N is set with the MTDS setting General – Trade Engine – Management Interval.

 

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