How to I measure using ATR?
-
I will like to monitor for late trade using ATR. Say if my day candle ATR number is 0.0143 and i do not want to enter a trade if the price has moved more than 50% of the ATR. How do i set this condition?
Thank you
-
@traderea6 I'm not completely sure what you mean. You can store yesterday's ATR value in a variable. Do you mean today candle's ATR value should be more than that value?
-
@l-andorrà As usual, thank you for ur response. What i mean is if the ATR of last candle is 20 pips. I do not want to take a trade if the current candle has moved more than 10pips in my direction
-
@traderea6 But how can the EA know what is 'your direction'? I mean. What criteria are required to determine that direction?