In this video, I explain to you how to use the ATR indicator to set a stop-loss for my trades.
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Thanks for the video.But I find out different level on different TF. Which TF you think that I can follow.
I would suggest using the ATR on your entry time frame.
Hi Rayner,
Your video is so clear and straight foreward… Thanks for the good work! stop loss 2 ATR … 60 pips and 30 pips respectively.
How many pips for stop loss if GBP/USD pair, TF=1Hr, ATR value is 0.00184. Sold GBP @ 1.55873?
Thanks!
-AL-
Hi al,
Thank you for your kind words, glad it helped.
For GBPUSD 0.00184 = 18.4 pips
So just add 18.4 pips to 1.55873 and you should get 1.56057
Rayner
Hello Rayner, Thx for your video.
Why did you choose ATR20 ? why not 14 for exemple ?
There are 20 trading days in a month.
Thanks Rayner,
I can’t find ATR Stop in my chart, however there is Chande Kroll Stop. Are they the same?
It says Chande Kroll Stop uses ATR… there are 3 types of setting
P
X
Q
I think they are the same. You might want to clarify with your platform provider with it.
hey rayner my ATR value 10.2565 and chart value in some stocks 1356.28 .how to add ATR value with chart value . how to set stop loss here.
Hi Rayner, after I add 1 ATR to my stop loss, my risk is more then my reward for the majority of my trading setup. Should I not enter the trade in such a situation?