Dislikedhttp://www.forexfactory.com/showthre...53#post2303953
EOD system is partly the reason why I prefer atr(5)
I have been manually closing trades last week for less than what was achieved. so this week new start with familiar settings.Ignored
Do me a favour, please, and go to http://www.forexpros.com/education/t...bjectives-2592
This is the link asjeff sent me when he introduced me to using ATR to calculate a tp. This article talks about using ADX to produce a multiplier for the result of the ATR calculation. The KG Relative Strength EA uses this formula when calculating the tp of a DC trade.
If experience has taught you to accept the ATR(5) unencumbered for daily trades, I will happily make the ADX multiplier an option.