Reference: https://www.wealth-lab.com/Discussion/Sell-Cover-at-ATR-multiple-9368
Does that mean, that the ATR Stop/Limit order is also created when I open a buy order (that is what I prefer and understanding)?
Actual the ATR Stop/Limit orders appears next day after the order is open.
Maybe I missunderstanding that the flag ATR At Entry Bar is only a calculation from the entry bar and not from the second bar that the calculation results should be a little smaller as before, right?
Regards Christian
Does that mean, that the ATR Stop/Limit order is also created when I open a buy order (that is what I prefer and understanding)?
Actual the ATR Stop/Limit orders appears next day after the order is open.
Maybe I missunderstanding that the flag ATR At Entry Bar is only a calculation from the entry bar and not from the second bar that the calculation results should be a little smaller as before, right?
Regards Christian
Rename
It's the ATR value on the bar on which the position was filled, for short, "ATR at Entry Bar"
QUOTE:"ATR at Entry Bar" is an option for an exit rule only. Which rule or condition, exactly, are you using for the "buy order"?
Does that mean, that the ATR Stop/Limit order is also created when I open a buy order (that is what I prefer and understanding)?
I use the market order for open my position. So that means, that I must read the close price from yesterday (which is only possible in C#), but I am not sure if the backtest correct working with my C# coding.
So it is ok for me, when I using the building blocks, that the ATR SL/LMT appears next day after I open the market order.
I am not sure if it possible to create a building block which is using the last closing price before the market open entry bar so that I we can open the market order and ATR Stop Loss and ATR Limit Order as named bracket order.
Regards Christian
So it is ok for me, when I using the building blocks, that the ATR SL/LMT appears next day after I open the market order.
I am not sure if it possible to create a building block which is using the last closing price before the market open entry bar so that I we can open the market order and ATR Stop Loss and ATR Limit Order as named bracket order.
Regards Christian
You're not saying it, but I think you want to add same-bar exits. These are not currently a feature available to blocks, but could be if you add your vote here -
https://wealth-lab.com/Discussion/Same-Bar-Profit-Stops-for-Building-Blocks-9326
If you were to program same-bar exits in C# Code by overriding AssignAutoStopTargetPrices(), you still can't use the ATR at entry bar, because that value would not be available since the bar hasn't closed. But you could use the ATR of the signal bar.
https://wealth-lab.com/Discussion/Same-Bar-Profit-Stops-for-Building-Blocks-9326
If you were to program same-bar exits in C# Code by overriding AssignAutoStopTargetPrices(), you still can't use the ATR at entry bar, because that value would not be available since the bar hasn't closed. But you could use the ATR of the signal bar.
@schranztrading
The option originated from this discussion: https://www.wealth-lab.com/Discussion/Sell-Cover-at-ATR-multiple-9368. The idea is to fix the ATR's initial value for the ATR PT/SL calculation at the bar of entry, not letting WL recalculate it on every bar of the trade. That's it.
Same bar exits and bracket orders have completely nothing to do with this.
The option originated from this discussion: https://www.wealth-lab.com/Discussion/Sell-Cover-at-ATR-multiple-9368. The idea is to fix the ATR's initial value for the ATR PT/SL calculation at the bar of entry, not letting WL recalculate it on every bar of the trade. That's it.
Same bar exits and bracket orders have completely nothing to do with this.
In that case, I guess you're looking for the ATR from the Signal Bar, not the Entry bar? Is that it?
I'm not sure. Went through the posts and both gentlemen who requested it did say "entry bar". Guess we may better ask them.
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