Hello,
I have a question for all those that use the ATR as method to define the size of the trailing stop. How much of the ATR percentage or which factor do you use for day charts? I am swing trader and holding trades for about 1 to 4 days and I am still not sure which ATR value would be good. To far is bad since then I often lose a lot of pips and to close is also bad because then I get stopped out only to see the trade continue in my direction. Do you have any experience about the usage?
Thank you,
Myrmica
I have a question for all those that use the ATR as method to define the size of the trailing stop. How much of the ATR percentage or which factor do you use for day charts? I am swing trader and holding trades for about 1 to 4 days and I am still not sure which ATR value would be good. To far is bad since then I often lose a lot of pips and to close is also bad because then I get stopped out only to see the trade continue in my direction. Do you have any experience about the usage?
Thank you,
Myrmica