Has anybody already coded Van Tharps suggested Exits as follows: 1. Initial stop - entry price minus three-times-volatility (3* 10 Day ATR)
2. Second, - whenever the market moves twice the daily volatility from yesterday's close against you in a single Day (2 * Avg 10 Day ATR) 3. Lastly, a 4-R profit will after a 4-R profit is triggered, your trailing volatility stop moves up to 1.6 times the average True range (i.e., instead of 3 times). I have the following for the AFL code for 1 and 2: //1. Initial stop ApplyStop( stopTypeLoss, stopModePoint, 3 * ATR( 10 ), True ); //2. Second stop Sell = (Ref(C,-1) - C > 2 * ATR(10)); I'm not sure how to calculate the last exit (3. 4-R profit)? If I give buyprice = ... same as buy formula, how do I keep the value of (3 * ATR(10)) at the time the buy occurs to calculate initial risk? Thanks
