the code to combine Williams 3 bar trailing stop with MFE trailing stop
MFETrailing=1
WTrailing=1
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// MFETrailing
if MFETrailing then
trailingstop = (tradeprice / 100 )* ts
if not onmarket then
MAXPRICE = 0
MINPRICE = close
priceexit = 0
endif
if longonmarket then
MAXPRICE = MAX (MAXPRICE,close )
if MAXPRICE- tradeprice (1 )>= trailingstop* pipsize then
priceexit = MAXPRICE- trailingstop* pipsize
endif
endif
if shortonmarket then
MINPRICE = MIN (MINPRICE,close )
if tradeprice (1 )- MINPRICE>= trailingstop* pipsize then
priceexit = MINPRICE+ trailingstop* pipsize
endif
endif
If onmarket and WTrailing= 0 and priceexit> 0 then
sell at market
exitshort at market
endif
endif
// exit larry williams
If WTrailing and MFETrailing then
count= 1
i= 0
j= i+ 1
tot= 0
while count< 4 do
tot= tot+ 1
if (low [ j] >= low [ i] ) and (high [ j] <= high [ i] ) then
//inside bar
j= j+ 1
else
count= count+ 1
i= i+ 1
J= i+ 1
endif
wend
basso= lowest [ tot] (low )
alto= highest [ tot] (high )
if close > alto[ 1 ] then
ref= basso
endif
if close < basso[ 1 ] then
ref= alto
endif
if onmarket and priceexit> 0 then
if high < ref then
sell at market
endif
If low > ref then
exitshort at market
endif
endif
endif
