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On Jose's neat website, there is a link to tradernexus.com where the
theory and Metastock plugin for the "Advanced Trailing Stop" is
presented. The ATS is a volatility stop based on the Chandelier Exit
developed by Chuck Le Beau.
I'm backtesting the ATS (at the pace of a snail since I'm no Metastock
guru) and comparing the exit performance versus some other exit
methods I'm currently using. Preliminary results seems very good.
If anyone is interested in using this approach (or has used it
already), I'd love to hear your comments.
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