Chandelier Exit!!! - page 2

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Linuxser:
I believe (or guess) this was already done but I can't fin where. New version with Fractional deviations.

What is this?

I wanted to have a look at it. Compiled it, added it, nothing happened.

 
Linuxser:
I believe (or guess) this was already done but I can't fin where.

Due to request https://www.mql5.com/en/forum/173380

New version with Fractional deviations.

i see why:

BBands Stopv1:

extern doubleDeviation =1.62; // Deviation was 2

for (shift=Nbars-Length-1;shift>=0;shift--)

{

smax[shift]=iBands(NULL,0,Length,Deviation,0,PRICE_CLOSE,MODE_UPPER,shift);

smin[shift]=iBands(NULL,0,Length,Deviation,0,PRICE_CLOSE,MODE_LOWER,shift);

that's can explain it

double iBands( string symbol, int timeframe, int period, intdeviation, int bands_shift, int applied_price, int mode, int shift)

 
rh50:
What is this? I wanted to have a look at it. Compiled it, added it, nothing happened.

this is an indicator

how to install indicators please go to "How to start with Metatrader and Forex" thread

 
fxbs:
i see why:

BBands Stopv1:

extern doubleDeviation =1.62; // Deviation was 2

for (shift=Nbars-Length-1;shift>=0;shift--)

{

smax[shift]=iBands(NULL,0,Length,Deviation,0,PRICE_CLOSE,MODE_UPPER,shift);

smin[shift]=iBands(NULL,0,Length,Deviation,0,PRICE_CLOSE,MODE_LOWER,shift);

that's can explain it

double iBands( string symbol, int timeframe, int period, intdeviation, int bands_shift, int applied_price, int mode, int shift)

slackers solution:

smax[shift]=iCustom(NULL,0,"Bands",Length,0,Deviation,1,shift);

"Bands" - goes with all mt4s

 

Chandelier Exit slight mod

 

YoYo Exit. It's just the Chandelier stop using Close prices.

 

BBands stop

I believe (or guess) this was already done but I can't fin where.

Due to request https://www.mql5.com/en/forum/173380

New version with Fractional deviations.

UPDATED on FEB 28. Reason: fixed

Files:
bbands.jpg  25 kb
bbands_stop_v1_1.mq4  6 kb
 
mart-hart:
Chandelier Attached. Martin

Hi Martin,

I installed Chandelier at MetaTrader, but don't know how to make it appear on my charts...,

 

Understanding VoltyChannel Exit

Good day dear all,

Please I need someone who can explain how Voltychannel works & mechanics involved.

Thank You.

 

% Trailing stop based trading system

After studying various technical indicators since 2004-2005, I finally find EMA and percentage trailing stop work, which are among the few who are theoretically sound.

I coded the percentage % trailing stop in 2009-2010, triggered by the idea of Chandelier Exit by Chuck LeBeau and Terence Tan. They use ATR based trailing stop. Upon that, I discovered the hidden power of % trailing stop over the past 2-3 years through trading US stocks.

The % trailing stop is simple, just putting x% trailing stop under current market price, and above the price if it is stopped out, which is for short position. The simplicity makes it robust and universal.

Here I summarize the hidden value of % trailing stop(TSP), most of which are self-explaining from the charts below:

1) powerful in measure volatility, in percentage base

The distance between price and TSP is always <=x%

2) powerful in measure trendiness of the price. (reference: Darvas box theory, How I Made $2,000,000 in the Stock Market)

If TSP is trending up/down wards, then the price must be trending. If TSP is flat, the price must be no higher/lower than recent high/low.

3) powerful in control risk

I will finish this post later.

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