Improve Trend following with TrailingStop Mode: ATR * coefficient

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Roman
  • updated
  • Planned (collecting votes)

The ATR * cofefficient stop loss mode is both useful for the trailing stop, trailing step and plain stop loss mode.
Depending on market volatility, the trailing stop/step distance will adjust based on the ATR multiple, which makes trend following more precise.

For example:

To ride a short-term trend, you can trail with 20-period MA, 2 ATR, etc.

To ride a medium-term trend, you can trail with 50-period MA, 4 ATR, etc.

To ride a long-term trend, you can trail with a 200-period MA, 6 ATR, etc.

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Andrey Khatimlianskyi
  • Planned (collecting votes)

It will be 2 new options:

  • Trailing based on MA
  • And Trailing distance based on ATR

You'll be able to combine them or use separately.

Let's vote!