Hi Tkimbe,
1) At what value do you consider "ATR is low" or "ATR is higher" to adjust the trailing stop?
2) When add the moving average (50) of the High, Low, Close, which type of moving average that you use (Exponential, Simple, Weighted, etc.)?
3) What's the purpose of moving average (50) of the Close since we only check for price above MA of the High or below MA of the Low?
Thanks.
1) At what value do you consider "ATR is low" or "ATR is higher" to adjust the trailing stop?
2) When add the moving average (50) of the High, Low, Close, which type of moving average that you use (Exponential, Simple, Weighted, etc.)?
3) What's the purpose of moving average (50) of the Close since we only check for price above MA of the High or below MA of the Low?
Thanks.
Quoting tkimbleDislikedMy first objective is 100 pips. When that is achieved, I move my stop to break even. From that point on, if the ATR is low I will maintain a 100 pip stop. If the ATR is higher, I will increase my stop to 50 pips.
Happy Trading,
TkimbeIgnored