Entry Stop with ATR
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Hi,
I would like to recreate what is written in the following string:Open Long order at (Low[2] + (Open * ATR(Open, 14)[1])) Stop;
I tried to process the blocks in the attached link, but it doesn't seem to me that they are doing the right thing and I'm not sure if everything is correct.
https://fxdreema.com/shared/oZbT5q94
Can someone give me help or an idea?
Thanks
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Did you try it on backtest? I'm not sure on block ID 5, but the final answer is backtesting it. Did you get any wrong result?
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Yes, of course. The BT is wrong.
Could help me with the right code? -
Hi,
Can somebody tell me what I'm doing wrong in this configuration?Many thanks.
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@bigape Why are you multiplying the price with average range? What's the purpose there? Doesn't make any sense to me

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That's exactly what I'm asking for!

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Hi Guys,
thanks for your reply.My purpose is to buy when the market has sudden volatility changes based on Atr.
It may not be a sensible approach, but it intrigues me. Also to experiment new things.
Thanks for your help. -
@bigape I understand your conserns, but the question is, why you multiply and not add or reduce the ATR value (or a multiplied atr value).
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You're right, your suggestion seems more correct, both from a conceptual and a technical / practical point of view.
Thank you all for the suggestions.