Disliked{quote} Bull.bear, % of ATR is if the 30 Day ATR is 100 pips, then 50% would be a TP of 50 pips or in your 70% example it would be 70 pips. Couple questions. Why do you believe it is better to use the MA cross vs. a % of ATR? Can you provide some more examples and the difference between the two in terms of TP? Also, are you just referring to the exit or entry as well? Thanks for the comment and chart...Ignored
If that day no breakout, and it is ranging, then this rule ATR with MA is incorrect since it has no volatile. And of course you will lose your position.
If you based on % of ATR, it is just a reference. You can say that any number % of ATR is the TP, but current day price is not necessary to hit TP. Maybe because as per your experience, so you can assume that the x% of ATR is suitable for this TP. However, you have no wrong because based on your observation and research.
Thanks.