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Monday, July 26, 2021

Use ATR for Stop Loss

Use ATR for Stop Loss

EUR/USD OANDA:EURUSD

Why is ATR indicator useful?

1) If we know volatility we know where to set stops and targets

2) Higher volatility = higher stops/targets

3) Lower volatility = lower stops/targets

4) This can be easily done using a calculator

Yes, there are websites with the volatility of all Forex pairs--you should confer with prior to taking any trades.

Please try using ATR indicator: ATR x 1.5 = Total Pips (for Stop Loss)



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