Hi,
Some time ago I made an indicator to suggest SL and PT for personal use. It calculates the ATR (volatility) in pips using a fixed time frame and suggests a PT and SL in pips based on that volatility. SL and PT are proportional to the ATR and greater volatility = greater SL and PT.
A FF user asked me to include a position size calculation based on the risk per trade and account balance and I decided to put this enhanced version of the indicator here in case others find it useful.
The indicator is very configurable and has some comments in the source code.
I probably won't be able to improve the indicator further. Please report bugs.
Jaime
Some time ago I made an indicator to suggest SL and PT for personal use. It calculates the ATR (volatility) in pips using a fixed time frame and suggests a PT and SL in pips based on that volatility. SL and PT are proportional to the ATR and greater volatility = greater SL and PT.
A FF user asked me to include a position size calculation based on the risk per trade and account balance and I decided to put this enhanced version of the indicator here in case others find it useful.
The indicator is very configurable and has some comments in the source code.
I probably won't be able to improve the indicator further. Please report bugs.
Jaime
Attached File(s)
ATR_SL_PT_position_size.mq4
8 KB
|
1,639 downloads
Attached File(s)
ATR_SL_PT_position_size.ex4
20 KB
|
962 downloads