ATR Trailing Stop Volatility Based

Hi all,


I have read finished Van Trap Book and am particular interested in Volatility Based SL.

May I have a MT4 codes for the trailing stop loss that you guys are using? I would love to test our this in a trending system.

I have tried searching on some others but am often confused by the many parameter required and thus in vain.

Basically I would love to have a ATR based trailing stop loss system that auto adjust its SL based on the recent 20 days movement in price.

Please do explain the parameters included in the trailing stop loss system.

Thanks in advance.

BUMP

Looking for similar, Ed PONSI say in his book "FOREX Patterns & Probabilities" -

THE STOP

We will locate the stop underneath the 10-day EMA, by a number of pips that is equal to half of the daily range of the currency pair. Since the ATR is 110 pips, and 50 percent of 110 pips is = 55 pips, the stop will be located 55 pips beneath our entry point of 1.2645. This places our initial stop at 1.2590.

Since this strategy is designed to identify and exploit very strong trends, we want to be sure that we take full advantage of those trends when we do find them. The point is that we shouldn't be in a big hurry to get out of the trade because, for all we know, the pair might continue trending for weeks.

Any suggestions, surely this has been coded before now?

Thanks, E.