Hi,

It's a simple trailing system that modifies price of stop and limit using ATR.

I'm not good at English so much, so I explain using a following screen shot.

Click to view attachment

#Common design
Blue color represent 'Buy' and 'Long position'.
Red color represent 'Sell' and 'Short position'.

##Price chart
When trend is favorable for buying, blue line appears.

Blue dotted line(upper) --- RecentHighest
Blue dotted line(lower) --- Limit line (RecentHighest - nATR)
Blue solid line --- Stop loss line (RecentHighest - mATR)

Long positions are created at the point of blue arrow markers.
The position are selled at face markers, smiling or crying.

##2nd chart
Blue line displays a difference between current price and blue stop loss line for buying.
Red line displays a difference between current price and red stop loss line for selling.

You can see the crossing points are around turning points of trend.
So, positions are created at the crossing points of these two lines.

##3rd chart
Third chart displays accumulated result of tradings.
Black line = profit from long position (blue line) + profit from short position (red line).

##Bottom of window
At the bottom, you can see highlited arrows representing the trend of market.


Click to view attachment


##Optimization
The following values mainly affect the result.
- MultStop multiplier for ATR
- MultLimit multiplier for ATR

Using default setting, time period larger than 30 min works well, but less than 30 min does not make profit.

Please change a parameter, 'Spread', which is a spread of currency pair before using.

Default value is set to '0.03' for USDJPY,
but it should be '0.0003' for EURUSD and other currency pairs.

If this parameter is too large, lines in the 2nd chart never cross.

Before using, set appropriate spread value.

A default value is set to '0.03' for USDJPY or EURJPY.

Change the spread value to '0.000x' for EURUSD or other currency pairs, for example, '0.0004'.

Hi!

This is attached live EUR/USD chart.
Can you tell me if i understand right, the (RESULT) shows the profit but why is below blue # in minus and red in plus????

Hi, oknedz.
Thanks for your comment.

Profit value is plus when you won, but that is minus when you lost.

In your case, the short positions won 252 PIPS (red line in chart#3), but the long positions lost 81 PIPS(blue line), so resultant total profit was +171 PIPS (black line).


Ikuo

hi,

thanks for posting your system, ... but i have the feeling that your pl indicator
does not work correctly.
i recommend to try a new one ...

regards,
andre