DislikedI have been watching a video made by a highly successful trader, talking about use of Atr for trend-spotting and for adaptive stops and tp's.
This is a commercial video, so I am not able to post the video here. I can share what I have gleaned from this, because in doing so I am merely disseminating my understanding of points made by a third party.
One of the strongest points made by the author is this: if a trading system is to remain successful in the mid to long term, then it must have exits that adapt to market conditions. 'Hard', pip/cash...Ignored