Trailing Stop

[subhiii]

Can anyone give me JUSt a simple trailing stop code... if commented that will be the best..
Thanks

[QTrader]

Trailing Stops

Hi,

I have included a trailing stop function that I have used with some success.

You need to adjust the "ATRMult" and "Offset" for your particular market for optimum results.

If you don't use it on indexes than you need to remove the rounding function (ie move the "//" to the second return entry)

Depending on your settings, an interesting side effect I have noted is that more often than not, price action touches the stop before continuing in the right direction... and I have found it provides a useful bounce entry (with the actual stop 1, 2 or more points outside the band).

Regards,
Rene'.