44 lines
1.2 KiB
Markdown
44 lines
1.2 KiB
Markdown
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# GBPUSD Adaptive Trailing Stop Strategy (with SmartATR MT5)
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**Instrument:** GBPUSD
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**Timeframe:** 1 hour (works on 30min, H4 as well)
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**Indicator:** SmartATR MT5 (default or custom parameters)
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---
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## Strategy Description
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This strategy uses SmartATR MT5 to dynamically trail stops on GBPUSD trades, letting you stay in strong moves while protecting profits during volatility surges.
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---
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### Entry Rules
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- **Buy:**
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Enter long based on your primary signal (e.g. moving average crossover, trendline break, etc.)
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- **Sell:**
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Enter short based on your primary signal.
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---
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### Trailing Stop Logic
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- **Activate trailing stop** as soon as the trade is in profit by at least 1 x SmartATR.
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- **Trailing distance:**
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For long trades, set your stop loss at (Current Bid - 1.2 x SmartATR).
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For short trades, set your stop loss at (Current Ask + 1.2 x SmartATR).
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- **Update the trailing stop:**
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On every new candle/bar, recalculate SmartATR and move the stop accordingly (never move stop away from the open).
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---
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### News Filter
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- **Avoid stop movement** on bars highlighted as news events (orange/red in SmartATR).
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- Optionally, consider closing or hedging trades during major news events.
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---
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### Example Pseudocode
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