The last changes on the ATR_BarColor
Indicator have been defined after testing several automated instances of
variations on the logic.
The final result is the PM_ATR_BarColor_v2
which is now ready to the public.
Note : The version 2 refers to the
indicator version it is using.
This final release of the PM_ATR_BarColor
Strategy has the following features :
- User defined Target and Stop
- User defined Time to Start and Time to Stop
- Auto Exit of Positions at Neutral ( Yellow ) State
- Money Management Module
The Auto Exit Feature allows to use Big
Targets, and the system will get out at first yellow signal, where a possible
reversal can happen.
Example Chart with all debug info turned on
;
- Vertical Lines at Entry signals
- Markers of the Upper, Lower MutiTrail
Lines
- Text info after each trade ; xxx/yy where xxx is current daily
PnL and yy is the consecutive loser count. On this chart we can see the
last trades shows a positive $500 daily profit
The Money Management Module allows to stop
trading for the remainder of the day if one of the following levels are reached
:
- Max Daily Profit
- Max Daily Loss
- Max consecutive losers in Row
This is the daily performance report of
last week :
The input parameters that we need to optimize
for each instruments are just a few, so it will not take too much time to get a
good working configuration :
This is the Performance Report for an example configuration on CL
You can take a look at the strategy in action on this YouTube video