Hi guys...(I know there are girls also out there, but let's just use generic terms to simplify typing... )
I was wondering if any kind hearted souls out there who can code a simple open order script based on ATR?
For instance, my system uses atr as stop loss...i always use atr 20...so my s/l would be (atr*3) + (spread+1)...and my tp would be atr*4 or *5...
but i found it hard to calculate and put orders if i use m5 chart...
That's the main idea...but...
If anyone can also include MM in it, for instance the s/l must not be more than 5% or 10% of equity...that would be great... let say I set the script for 5% risk...if the sl is more than that, the script will give warning 1st...
I know there is a thread regarding open/close orders, but the TS didn't allow for a request, so I hope this thread can be a starter for open/close order request...
If anyone can do this, you will really make my day, and I pray that you will be cherished with green pips in all your trading career...thanx...
I was wondering if any kind hearted souls out there who can code a simple open order script based on ATR?
For instance, my system uses atr as stop loss...i always use atr 20...so my s/l would be (atr*3) + (spread+1)...and my tp would be atr*4 or *5...
but i found it hard to calculate and put orders if i use m5 chart...
That's the main idea...but...
If anyone can also include MM in it, for instance the s/l must not be more than 5% or 10% of equity...that would be great... let say I set the script for 5% risk...if the sl is more than that, the script will give warning 1st...
I know there is a thread regarding open/close orders, but the TS didn't allow for a request, so I hope this thread can be a starter for open/close order request...
If anyone can do this, you will really make my day, and I pray that you will be cherished with green pips in all your trading career...thanx...