be shy of your trading picks. SL (short) EMA(13) 2 x ATR (SD). On the date of my entry (15 January ATR was around.30. Should I have used an ATR stop method, the trade would have been successful. It would have won me the. That would be.53. My trading idea would have been forgotten if it werent for another trader commenting on the chart!
Its working wonderful in forex but when i apply it for equity or indexes, the short stop is not being displayed.
I attach the screenshot image for ready.
The ATR stop method in forex trading.
EMA(13 11,06) 2 x ATR (0,86) 10,2. And heres how being social in the trading world helps your performance. Hence, I should have set the stop loss at forex trading di petrolio oro 65 pips below the entry price, instead. It turned out that, if my stop loss had been set a bit further below my entry price, the trade would indeed be a profitable one! I went back to my original chart. Given I was swing trading, cAD/JPY, I should have set my stop loss at 50 of the ATR according to Investopedia.