Calculate SL + TP

nicoki

Member
Hi,
one houre ago there was a buy signal for NZDJPY (68.924). I calculate with the ATR Matrix 46.17 pips for SL. Is 68.877 correctly? I think it's to close.
 

dan.campbell

Administrator
Staff member
At some point, we will add an auto calculator where you input the "x" factor (i.e., 2.7) as a preset and it will show the value. It will show the suggested ST and TP for each signal in pips, but allow the user (you) to adjust the "x" for each value.

The goal is 100% automation at some point.
 
I actually just read an article on this. Apparently, there is quite the debate on this topic. This article actually took data and illustrated that % wins more when wins and recovers faster after consecutive losing trades.
Yep, % trading scales up and down. That's why it works. Fixed position trading doesn't scale. Sort of like easing in and out vs blunt force.
 
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