Usually the stop level of a trading system is set to a fixed value. You can however instruct QuantShare to update the stop level (trailing, profit or stop loss) depending on the market condition and the stock/security being traded. To create a volatility-based stop, we are going to use the average true range indicator (ATR) Steps: - Select or create a trading system then open the trading system editor - In Stop settings (at the bottom), enable "Stop Loss" then click on the fixed value near "at" - In Indicator field, type: 10 * Atr(10) then click on "OK". - Click on "(Percent)" then select "(Point)" - You have just created a stop loss based on volatility Notes: - You can optimize the above stop formula, by typing: a * Atr(b) then updating the "a" and "b" variables in the optimization grid. - It is possible to create a dynamic stop (based on a formula) for all types of stops (Stop Loss, Trailing Stop, Profit Stop and N-Bar Stop) - You can create a dynamic stop for both Percent and Point stop modes.  Unlike what it is shown in the picture, we should use "Point" instead of "Percent".
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