DislikedCould you expain this better please? How to do it.
"Exit is set at 2/3xATR at the time of the Trade. Initial Stop Loss is Set at 1xATR at the time of the Trade."
ThanksIgnored
Yes that is correct.
Second Position Stop is moved with the trend as it develops. Move stop order of second position above each new down bar or below each new up bar depending on which way trend is travelling.
Keep doing this until you are stopped out of second position.
A good idea is to move second position to Break Even if you feel market is going to reverse or move to top of the down bar that gave you the signal to reduce risk on second position.