Thanks Steve, I've got this loaded and ready to fire for the new candleSteveHopwood wrote:Latest update in post 1.
TIG ran his slide rule over the trailing stop stuff and made the same changes he made to JS.
I have reintroduced AddBEP to the JS function - I am not sure what I was thinking when I removed it from the shell. Hey ho.
So, BE and JS are now separate. BE is disabled by default; JS is enabled. Strictly speaking, BE is no longer needed but I leave it in for those who want a move to BE but then no further trailing/jumping of the stop.
I intended asking people if we might remove a few of the trend-spotting routines to shorten the inputs list, but I see people already starting to think about how to use the features. I shall leave them all in place.
I would be surprised to find that there is anything else in existing code to stop Gday working as intended - George is a very clever programmer. So, time to think about more flexible, market based sl/tp.
I think we have a few alternatives to play with:Any thoughts, gals and galesses?
- 1) Standard manually chosen stop.
2) My own volatility calculator. This works by working out the average daily pips movement over a set period of days. I prefer this to ATR only because I do not properly understand ATR.
3) ATR
4) 'Chandelier' stop as measured/indicated by PSAR.
As for SL, I'd like to see how your volatility calculator handles it, mainly because that's how I've previously decided on SL
