BEST ATR Stop Multiple Strategy by Daveatt
By Daveatt
Performance Metrics
- Author: Daveatt
- Symbol: BINANCE:BTCUSDTPERP
- Timeframe: 30 minutes
- Net P&L: +251,616.74 NONE (+233.52%)
- Win Rate: 27.1%
- Profit Factor: 1.14
- Max Drawdown: 342,918.02 NONE (89.57%)
- Total Trades: 273
- Sharpe Ratio: 0.501
Description
Hello tradersHere we go again.... with another strategy snippet.Reminder: it's an alternative of this Trailing Stop strategy scriptEntry logicThe entry is based on a Simple Moving Averages (SMA) cross.This part doesn't matter here - as I wanted to focus on the ATR multiple stop loss component.ATR STOPThis strategy snippet uses an entry stop loss defined based on a multiple of the average true range value.The soure code detects ATR value at entry price, applies the multiplier and will set a static (= non trailing) stop-loss to each positionA pinescript v4 label will appear for each new signal displaying the ATR*multiplier value at signal timeAll the BESTDave