Trailing stop based on ATR
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Good day guys,
I've been reading through posts on the forum trying to understand how to create a trailing stop based on ATR, I'm not a coder so I don't understand the code involved.
Basically what I'm trying to create a trailing stop based on the ATR, I came across an indicator (chandelier exit) on mql5 website that shows the appropriate stop loss position on charts but I don't have the slightest idea on representing in my EA.
I'm still reading through posts but i would love if someone can explain it to me and if possible give shared examples.
Thanks in advance.
Link to Chandelier exit indicator: https://www.mql5.com/en/code/19875 -
Good Timing @SammyLegacy1 . Was just about to post the same question. Will follow your post.
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@sammylegacy1 Hi!
I dont know about the custom indicator, but here's how to do trailing stop in fxdreema.
https://fxdreema.com/shared/DgGkyNU2d
