DONATE & Share Post Your Content On Smart Money Management

Search This Blog

Monday, July 26, 2021

Use ATR for Stop Loss

Use ATR for Stop Loss


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)

from TradingView Ideas
via gqrds

No comments: