ATR Trailing Stop EA

[bullvsbear]

Version 1.09 of the ATR Trailing Stop EA is now out. It implements the following changes:

• Added an optional threshold for trailing stop activation (in ATR multiples and in points). (Via GitHub)
• Added an option to display potential SL lines on the chart. (@PaulVic)
• Added an option to display trailing stop activation lines for all the positions on the current chart.
• Improved reporting on disabled autotrading. The EA will now be more specific as to where exactly it is disabled.

Good day, sir.

I am using the ATR Trailing Stop EA on MT5 and I'm having an issue with how quickly the stop loss moves. It seems to move on every tick and seems closer than it should be (when I compare the same settings of 14 period and 2.0 multiplier on Tradingview to see where on the chart it would trigger a stop loss). I'm on the 5 minute chart and it moves quite a few times during a single candle time frame. I will then drag the stop loss really far down and let the EA reset it and it resets it lower than where it was but then continues to move again. So there seems to be something that doesn't allow it to just go on the regular ATR settings after bar close. Am I missing something in the settings? I would think it would only move once every bar close and sometimes not at all (if the asset is ranging).

 

[Enivid]

Good day, sir.

I am using the ATR Trailing Stop EA on MT5 and I'm having an issue with how quickly the stop loss moves. It seems to move on every tick and seems closer than it should be (when I compare the same settings of 14 period and 2.0 multiplier on Tradingview to see where on the chart it would trigger a stop loss). I'm on the 5 minute chart and it moves quite a few times during a single candle time frame. I will then drag the stop loss really far down and let the EA reset it and it resets it lower than where it was but then continues to move again. So there seems to be something that doesn't allow it to just go on the regular ATR settings after bar close. Am I missing something in the settings? I would think it would only move once every bar close and sometimes not at all (if the asset is ranging).

Why would it move only once the per bar? If the price goes up (Bid), it should also go up, even if the ATR value remains unchanged.

 

[bullvsbear]

Why would it move only once the per bar? If the price goes up (Bid), it should also go up, even if the ATR value remains unchanged.

I guess what I am looking for is a trailing stop that only updates once per bar close, not tick-by-tick. I find this one moves almost too fast and I get stopped out easily. I want to avoid the candle noise and have a stop adjust based on confirmed bar structure rather than live price fluctuations. Do you have any ideas for me?

 

[Enivid]

I guess what I am looking for is a trailing stop that only updates once per bar close, not tick-by-tick. I find this one moves almost too fast and I get stopped out easily. I want to avoid the candle noise and have a stop adjust based on confirmed bar structure rather than live price fluctuations. Do you have any ideas for me?

Maybe something like this?
https://www.earnforex.com/metatrader-expert-advisors/fixed-step-trailing-stop/

 

[bullvsbear]

Maybe something like this?
https://www.earnforex.com/metatrader-expert-advisors/fixed-step-trailing-stop/

That's a good EA for sure but I do like to have something automatic that I don't have to calculate on each pair (as I trade a various set of assets). That's why the ATR is great because I just "set it and forget it". I wouldn't mind something different from the ATR - as long as it follows the asset and protects profits.