Heiken Ashi and ATR Trailing Stop with Break even Level
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Hi,
need help for trade mgnt settings.
Thank you.
would like to have Stop Loss move to Breakeven at 1:2 RR and stay there but that Stop is cut if ATR trailing stop is broken and Heiken Ashi color has changed.
This would help to filter small color changes in Heiken Ashi, even though if trade momentum is still valid.
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What do you exactly mean by 'stop is cut'?
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That price reverses through the line where ATR Stop Sl would normally follow.
Due to Supply and demand principle, e.g. for buy when trending a market retraces because of lag of buyers, there it retraces back to last demand level and then pushes further.
If there arent enough buy available if might go lower.
dont want the SL to follow direct below current price because doesnt let market breath enough.
Sort of like Parabolic Sar that opposite dot appear, but found that it lags due to candle close,
to wait for candle close below would be to late,
often when momentum shifts then trade should be closed, because reversal might appear soon.
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Does it mean you made it?
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?
No this was examples of ATR Stop loss.
I simply would like to filter small noise from Heiken Ashi, therefore the ATR Trailing Stop.
Can it be tracked that price returned with momentum.
