Thank you very much - that does the trick.
Only limitation with this is that the ATR multiple is hard-coded and can't be used as an input parameter for testing different values.
But nevertheless it achieves the aim. Thank you!
B
Latest posts made by bobpoindexter
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RE: Take Profit using ATRposted in Questions & Answers
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RE: Take Profit using ATRposted in Questions & Answers
That link describes a formula 'candle close minus ATR'.
How does that make any sense?
I want trade profit = multiple of ATR. -
RE: Take Profit using ATRposted in Questions & Answers
Hello,
How do I set a take profit amount as a function of ATR?
For example Profit = 2*ATRIt should be simple!