Chaloke System with ATR Trailing Stop
Incorporating Amibroker AFL and Amibroker data, the Chaloke System with ATR Trailing Stop offers traders a comprehensive approach to managing positions. This system combines Chaloke signals with the Average True Range (ATR) to establish dynamic trailing stops, enhancing risk control and profit optimization.
_SECTION_BEGIN("Chaloke System3 with ATR Trailing Stop");
////Chaloke System3 with ATR Trailing Stop/////
P1=Param("ShortTerm Period",9,3,15,1);
P2=Param("MidTerm Period",15,9,24,1);
P3=Param("LongTerm Period",24,15,50,1);
P4=Param("Invesment Term",5,1,12,1);
P5=Param("ATR Period",5,1,25,1);
Sm=2*P5/10;
ATRX=Sm*ATR(P4);
S=EMA(C,P1) - ATRX;
M=EMA(C,P2) -ATRX;
lg=EMA(C,P3) -ATRX;
Sht=IIf(C==HHV(C,3),S,Ref(EMA(C,9),-1)-ATRX);
Mid=IIf(C==HHV(C,3),M,Ref(EMA(C,15),-1)-ATRX);
Lng=IIf(C==HHV(C,3),Lg,Ref(EMA(C,24),-1)-ATRX);
Color=IIf(Sht>Mid AND C > Sht ,colorBrightGreen,IIf(C < lng OR Sht<lng,colorRed,colorBlack));
Plot(C,"",Color,64);
///// Trailing Stop Module /////
P6=Param("Trailing Stop Risk",2.5,2,3.5,0.1);
P7=Param("Trailing Stop LookBack",14,5,25,1);
P8=Param("Trailing Stop PrevLow Switch",0,0,1,1);
P9=ParamDate("Trailing Stop Entry Date","Date()");
PrevLow=IIf(P8==1, Ref(C,-TroughBars(C,5,1)) ,Null);
Bars=BarIndex() - ValueWhen( DateNum() == P9, BarIndex() ) ;
ATRLong=HHV(H - P6*ATR(P7),Bars);
Plot(ATRLong,"Chaloke System3 with ATR Trailing Stop",colorBlue,1);
Plot(PrevLow,"",colorRed);
_SECTION_END();