Modifying Stop Loss using ATR indicator.
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To anyone who can assist. What is the best way to adjust a stop loss relative to the ATR indicator. In the case of the attached project, two buy trades are taken. One trade has a take profit at 1 times the ATR value of the candle during which the trade was entered while the other does not. The stop loss is set at 1.5 times the ATR value for both buy trades. The idea is to move the Stop Loss to break even once the take profit of the first trade is hit(1 times ATR Value). Any help will be appreciated.
Project Link: https://fxdreema.com/shared/3helwC70b -
@6ixpappi In https://fxdreema.com/forum/topic/12802/atr-pips/4 you'll see how to get the atr in pips that you can use in calculations.
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@jstap Thanks mate