ES.D Strategy Utilizing Ratchet Trailing Stop
A reader of this blog wanted a conversion from my Ratchet Trailing Stop indicator into a Strategy. You will notice a very close similarity with the indicator code as the code for this strategy. This is a simple N-Bar [Hi/Lo] break out with inputs for the RatchetAmt and TrailAmt. Remember RatchetAmt is how far the market must move in your favor before the stop is pulldown the TrailAmt. So if the RatchetAmt is 12 and the TrailAmt is 6, the market would need to move 12 handles in your favor and the Trail Stop would move to break even. If it moves another 12 handles then the stop would be moved up/down by 6 handles. Let me know if you have any questions – this system is similar to the one I just posted.