how to cancel sell stop after 1 bar if not triggered ?

how to cancel a sell stop after 1 bar if it was not triggered?

 

is that right?

 

bar valid = 1 

 

 

 

and final question: how to set ATR value * 3 as a take profit 

 

is that right? cuz I’m not sure how to use these two fields correctly

 

 

thanks.

Yeah, that’s correct! 🙂

Yeah, that’s correct! 🙂

 

thanks for your fast reply

 

i just added 1 question about ATR. please help me if you know 😀 <3

 

thanks again

Hi Tarwada,

 

Let me grab some screen shots of how I’d do this to better explain…

 

brb.

Actually, best bet is to go here: https://strategyquant.com/eawizard/

 

And watch the video in the middle of the page:

 

“Watch me creating a profitable EURUSD breakout strategy

in EA Wizard just in 5 minutes, without any programming. “

 

At 3 minutes he explains how best to do it. I’ve always followed that when creating strategies using an ATR variable for SL/TP.

 

 

But basically, in the example you provided, you would be using the 3 period ATR and a multiplier of 1…so probably not what you were trying to achieve.

 

The first field is the multiplier, and the second is the ATR period.

Actually, best bet is to go here: https://strategyquant.com/eawizard/

 

And watch the video in the middle of the page:

 

“Watch me creating a profitable EURUSD breakout strategy

in EA Wizard just in 5 minutes, without any programming. “

 

At 3 minutes he explains how best to do it. I’ve always followed that when creating strategies using an ATR variable for SL/TP.

 

 

But basically, in the example you provided, you would be using the 3 period ATR and a multiplier of 1…so probably not what you were trying to achieve.

 

The first field is the multiplier, and the second is the ATR period.

 

done , thanks a lot