I am trying to load up the ATR on stockcharts but it is only an option as an indicator, where it only takes one parameter (eg 7). Is there some way to make it overlay on the chart to replicate A's charts?
I figured out the ATR trailing stop calculation. If you are using stockcharts, set the ATR period to 7 and then multiply that value by 1.5. Subtract that value from current price for the ATR line value/stop that is on Allan's chart.
Of course, if I could make it overlay it would make it way easier.
We can all get the most out of Allan by helping each other out on top of what he does :-)
Eric,
Your working way to hard!
Consider a trading platform and get your self an ATR trailing stop indicator. Try and set it as close as possible to Allan's specs.
If your new to the game, I recommend Ninjatrader. What I like about it is you can start using it to trade for free. Many other platforms have initial and continuous costs. e.g. TRADESTATION
8 comments:
Allan,
Where are you getting your 12.32 for the 60 min chart? The chart posted looks like a long was triggered around 12.05 for the atr flip.
Eric
Eric,
That's what I paid, but I probably should better define entry and exit prices.
I am trying to load up the ATR on stockcharts but it is only an option as an indicator, where it only takes one parameter (eg 7). Is there some way to make it overlay on the chart to replicate A's charts?
Thanks
I figured out the ATR trailing stop calculation. If you are using stockcharts, set the ATR period to 7 and then multiply that value by 1.5. Subtract that value from current price for the ATR line value/stop that is on Allan's chart.
Of course, if I could make it overlay it would make it way easier.
Any ideas?
Eric
Eric and other Allan disciples ,
We can all get the most out of Allan by helping each other out on top of what he does :-)
Eric,
Your working way to hard!
Consider a trading platform and get your self an ATR trailing stop indicator. Try and set it as close as possible to Allan's specs.
If your new to the game, I recommend Ninjatrader. What I like about it is you can start using it to trade for free. Many other platforms have initial and continuous costs. e.g. TRADESTATION
Fisher of men
May not mean much but latest signal is looking good in after-hours.
I look forward to getting a feel for the multiple time frames.
Food for thought:
I've yet to set this up for backtesting, but I've found that sometimes systems yield enhanced results with specific stop/loss.
Lucky L
If you are currently long on the shorter timeframe (I think thats what you said). How do you handle this gap down?
Bruce
I am guessing Allan would say stopped out at the open. Or flipped long as well.
Eric
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