ATR Multiple stop loss above last 2 candles high or low
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Hi,
I've tried to create a stop loss above the last two candles high or low, by adding an ATR multiple (say 0.5x ATR) above the high or below the low of the last two candles
I've managed to get it to work by modifying the stop loss but the issue I'm having is that my position sizing is based on the original stop loss and sometimes with a volatility based stop loss your risk increases dramatically when you adjust it (i.e. was 1% now 5-6%).
Which makes it difficult to measure the systems performance as your adding unmanageable risk into the equation
Is there a way to create the correct stop loss?
Cheers
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Can you please share the link to the project?