Conditional Order using ATR Trailing Stop

Sorry to say there is no present solution to this. The ATR Trailing Stop uses recursion and this is not supported in the Study Alerts or the Conditional Order functions.

Recursion, in the context of programing, is when a variable requires a previous value of itself in order to derive the current value for itself.

Create 3 Studies.

Ex.

Study # 1

Name:

AANonRecursive

Coding:

plot BuyLong = 1;
plot SellLong = 1;

Study # 2

Name:

AARecursive

Coding: This can be whatever study you're trying to push through with the recursive definition(s)

Paste the ATRTrailingStop study

Delete everything from def BuySignal... and down

Add the following...

plot BuyLong = close > trail;
plot SellLong = close < trail;

Study # 3

Name:

AAMoneyMaker

Coding:

plot BuyLong = 1;
plot SellLong = 1;

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Go to the thinkscript of a new buy order and replace the default coding with...AAMoneyMaker()."BuyLong"

Go to the AAMoneyMaker Study and replace the coding with AARecursive Study

Go back to the buyorder thinkscript. The window will do a flash. There shouldn't be a recursive error and your recursive study should be plotted on the chart. Click ok and you're ready to submit your buy order

You can pair this with a sell order using 1st trgs seq. Just replace AAMoneyMaker()."BuyLong" with AAMoneyMaker()."SellLong" in your sell order thinkscript

Go ahead and save this as a template

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When you try to reuse the template always check the thinkscript for errors. You MAY find that the recursive error comes back. Here is how you fix it.

Replace AAMoneyMaker Study coding with coding from AANonRecursive Study

Go to the order thinkscript and delete the thinkscript coding, AAMoneyMaker()."BuyLong" or AAMoneyMaker()."SellLong"

In that same window, go to the condition wizard tab and build out what was just deleted, AAMoneyMaker()."BuyLong" or AAMoneyMaker()."SellLong"

Recursive error should be absent and chart should be plotted (Just a straight line at "1" value)

Replace AAMoneyMaker Study coding with coding from AARecursive Study

Go back to your order thinkscript. Recursive error should be absent and chart should be plotted with AARecursive Study conditions

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After all that you should be back in business. Make sure to always check the order thinkscript before submitting for two reasons

• Check for recursive errors that need correction
• Bypass the 155 character thinkscript restriction

This may seem tedious but once you get it down it should take only a few mins. I use this method to setup 4 Long pair and 4 Short pair orders all within 5 mins. This method is 3 days old so there is room for improvement, i'm sure. No screenshots, sorry.