What is the best ratio of ATR to calculate TP for different time frames?
I trade in D1/H12 and my ATR is 7x for TP. Initial SL is ATR 2x.
What I am looking for is a big trend so I can accept some rebounce.
chongchiu:
I trade in D1/H12 and my ATR is 7x for TP. Initial SL is ATR 2x.
What I am looking for is a big trend so I can accept some rebounce.
thanks, I am kinda scalper I have time to spend on screen therefore I like to scalp in M5, considering H1 and H4 trends (may be daily)
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Hi all,
When you open a position in H4, H1 or M5, if you use ATR to calculate TakeProfit what is the best ration for it like 1.5 x ATR (PERIOD_CURRENT) or 3 or what?
And does it change for each TimeFrame?
thanks