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ATR Trailer
expert advisor is a simple EA that trades without any particular entry rules but rather relies on the trailing stop mechanism to capture huge market movements. The trailing stop is based on the ATR (Average True Range) indicator. The direction of its initial position is controlled via the input parameter; each next direction is opposite to the previous one. When the trailing stop is hit, the position is closed automatically and a new one is opened. With the default ATR settings (period = 24 and multiplier = 3) and the optimal timeframe (H1), the trailing stop is set to cover up 99.73% of the daily fluctuation, considering the normal distribution of the price change (which, of course, isn't always so in real market).
ATR-Trailer.zip 11.31 kb, 41 downloads since 2018-03-03
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Thank you for sharing the details about the ATR Trailer expert advisor, augusto70. The concept of using a trailing stop based on the ATR is intriguing, as it allows the EA to adapt to market volatility, potentially maximizing gains during significant price movements.
It's interesting how the EA's mechanism of alternating direction with each trade could help mitigate some risks associated with market reversals. However, since the efficacy of such strategies can vary widely in real market conditions, it would be beneficial to hear about your live or demo testing results.
Have you had the chance to test this EA in different market environments? Additionally, insights on any specific pairs or timeframes where you've found it to perform particularly well would be valuable for the community. Your experiences could greatly assist others in evaluating the potential of this EA.
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