Thread: RSX Swinger
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Old 12-29-2005, 10:32 AM
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For buy order, when price rises:

1. Fixed pips: SL is kept at a fixed pips from bid price.
2. ATR: SL is moved according to current Low price - (ATR14 * Factor)
3. Half Volatility: SL is moved according to current Low - (High + Low)*Factor


For sell order, when price falls:

1. Fixed pips: SL is kept at a fixed pips from ask price.
2. ATR: SL is moved accordingly to current High + (ATR14 * Factor)
3. Half Volatility: SL is moved accordingly to current High + (High + Low)*Factor

Note:
* Factor: Dynamic Factor
* SL: Stop Loss
* ATR: Average True Range indicator, built-in MetaTrader.
* ATR14: ATR of 14 bars period.
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Last edited by scorpion : 05-12-2006 at 03:19 PM.
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