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EasyATR BacktestTool

5

A tool for backtesting my ATR Trailing Stoploss Helper (https://www.mql5.com/en/market/product/34103)

Added on-screen buttons for manual backtesting:

- Clicking on button SET, then click on a candle where you want to see how this indicator would draw the ATR trailing stop for that exact time.

Parameter:

  • DRAW_ATR_TRAILING_STOP_LEVEL_TIMEFRAME = PERIOD_H4; //timeframe to calculate the value of ATR
  • DRAW_ATR_TRAILING_STOP_LEVEL_PERIOD = 10; //period of the ATR
  • DRAW_ATR_TRAILING_STOP_LEVEL_MULTIPLIER = 1.5; //a higer value means a bigger stop loss for those who want to ride bigger trend
  • DRAW_ATR_TRAILING_STOP_LEVEL_COLOR = clrRed; //color of the ATR level when drawn on chart
  • DRAW_ATR_TRAILING_STOP_LEVEL_THICKNESS = 0.1; //if the ATR level line is too small, you may adjust (value is different for different symbols)


Reviews 1
Lenni
289
Lenni 2022.08.09 13:28 
 

Simple and usefull for backtesting

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TakePropips Donchian Trend Pro  (MT4) is a powerful and effective tool that automatically detects the direction of the trend using the Donchian Channel and provides you with an entry and exit trading signals! This multi-function indicator includes a trend scanner, trading signals, statistical panel, screener, trading sessions, and alerts history dashboard. It is designed to provide you with trading signals and save you hours analyzing the charts! You can download the user manual and installation
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Update: For those who want to manually backtest this indicator, check this tool https://www.mql5.com/en/market/product/59248 The indicator will help make your calculation of stop loss easier as it will be visually aiding you in choosing where to put your stoploss level on the chart by calculating the current value of ATR indicator. For those who are unfamiliar with ATR, it is a useful indicator to calculate stoploss for trend following strategy. If volatility is high, ATR stoploss level will b
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This indicator will generate signal from other indicators like RSI, MA, Force Index etc into one confluent signal. Which indicators to be used is up to the users to decide. You can add a simple MA, OsMa, RVI and ADX to see how these indicators  will work out when combined together, an arrow will be drawn onto your chart where confluence happens. And if that combination doesn't seem so good, then tweak the setting a little bit or remove it completely or add another different indicator, as you
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Lenni
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Lenni 2022.08.09 13:28 
 

Simple and usefull for backtesting

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Version 1.3 2020.12.20
Refine code.
Version 1.2 2020.12.20
Added text to indicate value in pip.