If you have manually entered a position or have had to restart NT7 connection errors etc and want to put in a trailing stop this could be of help. Its basically a donchain channel Upper or Lower period with an offset from 1 bar ago. I personally use it on a 10 min chart. The don chain channel has to be broken by the offset or it will reset the trailing stop to the chanel period 1 bar ago + or ‐ the offset. If you were to use 20 pips it means the period high low has to be broken by 20 pips. Use this with caution. I personally would never go over 10 pips different markets have different sizes as with higher time frames so I have no put a mximum limit on this variable. But be carefull and trail on playback or sim before use.
Also this is not in accordance with the way the strategy wants to work. This strategy believes it is entering a position not exiting so it will probably change your account performance. But it will help you to trail a position if you lose your stop strategy and have to reboot etc.
It also has a limit price variable. If you have a target in mind or a dream of where the price will get too.
I am thinking of creating an enum so that you can choose between Parabolic sar or a variety of other indicators. If I get them I will post it here as an update.
Feel free to contact me with any updates or new ideas on this.
Thanks Raef
Created By | raefon72 |
NinjaTrader Version | 7 |
File Size | 8.5 KB |
Create Date | 04/08/2012 |
# of Downloads | 474 |
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