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(REQ) Trailing Stop EA or Script


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I already have Quik Trailing EA which has trailing stops by "steps". What I'm looking for is an EA or script that trails price action more closely like the ATR Stops indicator does. Doesn't have to be based on ATR Stops necessarily. Can be any EA or script as long as it trails closely, preferably using the volatility of the underlying to adjust the stops. I'm looking to apply it when I get a runaway trade where I've already accumulated good pips and then I continue riding it until I get out quickly on a reversal. Thanks for sharing whatever you have that might work for this purpose!

 

Best Wishes,

 

Diesel10

 

 

By the way, here is a screen shot of how the ATR Stops indi trails price nicely, keeping almost the whole profit:

http://screencast.com/t/8AMOVQmIb

 

And here is the ATR Stops indi in case anyone needs it:

http://www.mediafire.com/?rur5xa8oyb63mv9

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I have 'Mauro' or similar somewhere will that be of use?

 

Just remembered ...Cynthia was giving one away...5 pip trailer if my memory serves me. Don't use them myself. I use 'easy', that lets you move your own SL in secret!!!

 

 

i also like to look into this script.. could you please share it?

 

thanks a lot

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I spent all afternoon looking but here are two EAs that do the job of trailing the stop loss using Average True Range. In other words they use volatility to know where and when to move the stops and the results are usually superior... I demo tested both with outstanding results!

 

http://www.mediafire.com/?hy6czf36ln3qgad

 

The first one e-TSA_NRTR_Last has a choice of two methods.

 

SL EA based on ATR by kimiv.ru

2 modes vts1 & vts2

 

vts=1

TS=kts*valATR, (valATR=Patr value(ATR period))

SL=kstop*valATR

 

vts=2

TS=HI-LO, (HI-LO=Prange value(perods for HI,LO)

SL=kstop*(HI-LO)

 

 

The second one FX Guru's you need to put a order number and it is based on ATR stops.

 

 

Enjoy!

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