I'm quite new to trading and been reading about using ATR as a stop for initial trade stop. What I'm confused about though, is should the ATR stop be adjusted (assuming it's still not in profit with a TS) or just left where it is.
I've been using ATRStopsv1.1 indicator on a H1 chart, let's say we make a trade at 9AM and set the ATR stop to 1.00 (nice easy number) as indicated by the blue line at that time of the trade. Now say in the next hour (10AM) the blue line rises to 1.01. Is the theory to adjust ALL previous trades to the current ATR (1.01) at that point in time (kind of like a trailing ATR I guess), or is it to leave the stops as they were (1.00) and just don't touch them, only setting new trades to the current ATR value(1.01)?
Using ATR as a stop
-
sidplayos2
- Posts: 3
- Joined: Wed Feb 20, 2013 2:56 am
Return to “General Forex Discussion”
Jump to
- Welcome
- Board admin messages
- Afterprime
- Funding our Forum. Tommaso needs our help.
- TDesk: A Thomas Special. The greatest trading tool ever.
- Automated trading systems
- ↳ Archived EA's
- ↳ EA's for Dummies.
- ↳ The demo/live money EA results forum
- ↳ Automated Loss Recovery
- ↳ Thingy Bob EA's
- ↳ Pipcruiser's Pipmasher forum
- ↳ Peaky forum
- ↳ Super Slope EA's
- ↳ Coordinated EA Testing Forum
- ↳ Moving Day
- ↳ Trendy Moving Day Adapted
- ↳ Trendy Monster Moving Day
- ↳ The Paycheck Project
- Manual trading systems
- ↳ Captain Jack's forum
- Utilities Indicators and Scripts
- ↳ Indicators
- ↳ Utilities
- ↳ Scripts
- Rene's stuff
- ↳ Auto-trading EA's and EA monitors
- ↳ Chart/template copying and history loading
- ↳ Clocks and calendars
- ↳ Data analysis tools
- ↳ Indicators and matrixes
- Nanningbob's Holy Grail Indicator forum
- ↳ Nanningbob 10.x
- ↳ Bob's individual forum
- ↳ Manual 10.x trading
- ↳ 10.x EA forum
- ↳ 10.x Indi forum
- ↳ 10.7 Auto Traders Forum
- BALUDA'S SUPER CSS-2.0. THE SIMPLEST TRADING SYSTEM EVER
- MQ5 Nuggets for the Dauntless
- Alternatives to Global Prime
- Coders Hangout
- ↳ Ideas for Possible Automation
- ↳ Coding Lessons - info for all
- Alternative platforms
- ↳ cTrader and cAlgo
- ↳ General discussion
- ↳ Indicators
- ↳ Robots
- ↳ JForex
- ↳ LMAX
- ↳ Tradable
- ↳ Protrader
- Know your MT4 platform
- General Forex Discussion
- ↳ Trading journals
- ↳ Finding a new platform
- ↳ Scam broker forum
- Trading Psychology & Money Management
- Macroeconomics and the Forex markets
- Newbie Discussion
- ↳ Automated trading (Rookies)
- ↳ General Discussion (Rookies)
- Lounge
- Commercial wares
- ↳ Beta testing groups
- ↳ Commercial stuff recommended by forum members
- ↳ Members' business to business
- ↳ Commercial EA's and Indi's etc
- ↳ VPS promotions
- ↳ INFINITE WEALTH