It’s very simple – all it does is calculate your stop loss with trailing stop price. How It Works Blue is the current ATR (pips). Green is your trailing stop-loss price for Long Red is your trailing stop-loss price for Short . Settings ATR Length: Your ATR Length Multiplier: ATR multiplier. For example, if you want to use a 2x ATR stop, set to 2.
Similar to my previous post, this strategy involves trailing stops based on ATR calculation, EMA and WMA. It produces a better result with less cum.loss due to trailing stop nature. Link to my previous post -
=== This is an updated version of the MA-MTF Alerts=== + Take profit + Stop Loss + Traling Stop
=== This is an updated version of the MA-MTF strategy === + Take profit + Stop Loss + Traling Stop
Linda Raschke's strategy from her book about swing trade technics.