SmartATR/STRATEGIES/GBPUSD_Trailing.md

GBPUSD Adaptive Trailing Stop Strategy (with SmartATR MT5)

Instrument: GBPUSD
Timeframe: 1 hour (works on 30min, H4 as well)
Indicator: SmartATR MT5 (default or custom parameters)

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Strategy Description

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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Entry Rules

• Buy:
  Enter long based on your primary signal (e.g. moving average crossover, trendline break, etc.)
• Sell:
  Enter short based on your primary signal.

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Trailing Stop Logic

• Activate trailing stop as soon as the trade is in profit by at least 1 x SmartATR.
• Trailing distance:
  For long trades, set your stop loss at (Current Bid - 1.2 x SmartATR). For short trades, set your stop loss at (Current Ask + 1.2 x SmartATR).
• Update the trailing stop:
  On every new candle/bar, recalculate SmartATR and move the stop accordingly (never move stop away from the open).

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News Filter

• Avoid stop movement on bars highlighted as news events (orange/red in SmartATR).
• Optionally, consider closing or hedging trades during major news events.

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Example Pseudocode