Dear traders,
attached you will find an express trailing stop based on the moving average indicator.
The inputs for this stop are as follows:
p = the number of periods over which the MA is smoothed.
InitialStop = this is always the stop level when a position is opened and remains at this level until the distance between the MA and the close is smaller than MA and the InitialStop.
SafetyZone = the minimum distance between the close price and the MA necessary before the stop level will trail by following the MA instead of remaining at the InitialStop level.
DisplaceMA = this allows you to shift the stop by a certain amount of ticks above or below the moving average.
Kind regards,
Bastiaan
WHS
Trailing Stop based on a Moving Average
- WHS Support
- Posts: 2430
- Joined: 14 Feb 2013 10:27
Trailing Stop based on a Moving Average
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