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Top 10 Forex Expert Advisors in the last decade

Top 10 Forex Expert Advisors in the last decade

August 24, 2021

Newcomers to the forex market often experiment with new techniques and methods to generate profits a

#3 Proven Forex Trading Methods That Work

#3 Proven Forex Trading Methods That Work

June 23, 2021

Intro. Will $500 a day change your life? –ź 1000$ ? Many people dream of getting that kind of money

Top 5 trading robots for profit on forex in 2021

Top 5 trading robots for profit on forex in 2021

May 27, 2021

Foreign exchange trading is one method to make big as well as steady earnings in a reasonably brief

The ATR Exit indicator uses the candle close ATR value to draw trailing stop lines (orange under buys, magenta over sells) that advance with the trend until the trend changes direction. It uses a multiple of the Average True Range (ATR), subtracting it’s value from the close on buy, adding its value to the close on sell. Moreover, the trailing stop lines are generated to support the order’s trend direction (long or short): 
  • In an upward trend, the long trailing stop line (orange line under buy) appears and advances upward until the close crosses under the line.¬†
  • In a downward trend, the short trailing stop line (magenta over sell) appears and declines until the close crosses over the line.¬†
  • In an upward trend, the long trailing stop line (orange line under buy) appears and advances upward until the close crosses under the line.¬†
  • In a downward trend, the short trailing stop line (magenta over sell) appears and declines until the close crosses over the line.¬†

The ATR Exit is one of 14 indicator-based trailing stops comprising our Universal Trailing Stop EA MT5. You don’t need to download this indicator to make it work in the UTS EA, as the indicator is already built into it, but if you want to see how your trailing stop auto-adjusts to the indicator lines on the chart of UTS-EA when you set Apply indicator template=true, you need to download this indicator. 

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The ATR Exit is one of 14 indicator-based trailing stops comprising our Universal Trailing Stop EA MT5. You don’t need to download this indicator to make it work in the UTS EA, as the indicator is already built into it, but if you want to see how your trailing stop auto-adjusts to the indicator lines on the chart of UTS-EA when you set Apply indicator template=true, you need to download this indicator. 

The ATR Exit is one of 14 indicator-based trailing stops comprising our Universal Trailing Stop EA MT5. You don’t need to download this indicator to make it work in the UTS EA, as the indicator is already built into it, but if you want to see how your trailing stop auto-adjusts to the indicator lines on the chart of UTS-EA when you set Apply indicator template=true, you need to download this indicator. 

While we use the ATR Exit as a trailing stop, it can be used in a volatility breakout strategy. The trader or EA can buy whenever the close crosses above the upper trail line and sell whenever the close crosses below the lower trail line. 

This ATR exit trail is superior to using a fixed percentage because its change is based on the volatility characteristics of the underlying instrument and time frame. As Investopedia makes clear, ‚Äúas the trading range expands or contracts, the distance between the stop and the closing price automatically adjusts and moves to an appropriate level, balancing the trader‚Äôs desire to protect profits with the necessity of allowing the [instrument] to move within its normal range.‚ÄĚ (r)

Parameters:

While we use the ATR Exit as a trailing stop, it can be used in a volatility breakout strategy. The trader or EA can buy whenever the close crosses above the upper trail line and sell whenever the close crosses below the lower trail line. 

This ATR exit trail is superior to using a fixed percentage because its change is based on the volatility characteristics of the underlying instrument and time frame. As Investopedia makes clear, ‚Äúas the trading range expands or contracts, the distance between the stop and the closing price automatically adjusts and moves to an appropriate level, balancing the trader‚Äôs desire to protect profits with the necessity of allowing the [instrument] to move within its normal range.‚ÄĚ (r)

  • AtrPer (14) ‚Äď Indicator Period;
  • Factor (3) ‚Äď This is the factor for multiplying the ATR. You may use fractions ‚Äď this does not need to be an integer;
  • Shift (1) ‚Äď Indicator shift;¬†¬†
  • Show Channel (true/false)¬†‚ÄĒ if false (default), it shows the orange line under buy in upward trend, magenta line over sell in downward trend; if true, it shows a channel on both sides of the price.¬†
  • AtrPer (14) ‚Äď Indicator Period;
  • Factor (3) ‚Äď This is the factor for multiplying the ATR. You may use fractions ‚Äď this does not need to be an integer;
  • Shift (1) ‚Äď Indicator shift;¬†¬†
  • Show Channel (true/false)¬†‚ÄĒ if false (default), it shows the orange line under buy in upward trend, magenta line over sell in downward trend; if true, it shows a channel on both sides of the price.¬†

Key Features of Algorithmic Trading Software

13 November 2021

1.8

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