I need a volatility-based Trailing Stop

New comment
 

I'm looking for some code (script, or EA) that has volatility based trailing stops. I would like to see what other people have done in this area, and possible methods for implementing such a thing.

 

Trailing stop would adjust and re-adjust itself according to current volatility? Sounds like a good idea. What would you use to determine volatility? Just volume?

 

hi

ryanklefas:
I'm looking for some code (script, or EA) that has volatility based trailing stops. I would like to see what other people have done in this area, and possible methods for implementing such a thing.

sounds good idea...TS based on basic trend concept I think worth to try

===================

Forex Indicators Collection

 
prasxz:
sounds good idea...TS based on basic trend concept I think worth to try

===================

Forex Indicators Collection

Thanks... but does anyone know of one that has already been done?

 
ryanklefas:
Thanks... but does anyone know of one that has already been done?

Take a look at the Chandalier exit (I think originally proposed by Chuck Le Beau), thats definately based on ATR, and possibly Alex Eldes safe stop technique (I cant remember if thats volatility based, but probably worth looking at)

Ive seen MQL code for both on various forums, and if I recall FX Sniper had an indicator version of the Chandalier exit available on moneytec or strategy builder site, so probably worth doing a quick search

If I can find links, I'll post em

EDIT: A basic chandalier indicator can be downloaded fom here:

StrategyBuilderFX

This is possibly worth looking at :

https://www.mql5.com/en/forum/172992

regards

zupcon

New comment
Reason: