Paul,
How do you determine the ATR? On which time frame?
Thanks,
Paul,
How do you determine the ATR? On which time frame?
Thanks,
We might go to 42.80 or so. Seems we've been there before:
Nickola, please calm down and focus on the robot process. By entering the initial trade, you allowed for volatility down to the stop.
Stop looking or nightmaring at your P&L is my most friendly advise at this point in time. Focus on the objective quality of the initial setup. The 20 dmf is still in buy mode and the settings are just neutral.
Billy
An hysterical little kitty...
Nickola,
Try converting your stop percentages - say -2.48% into dollars and imagine: minus that amount amount in RED on your computer screen before you make the trade - if you are not comfortable with that; lower the trade amount until you are.
Another trick (if you have a good system - which you do with the Robot) is calculate the loss in dollars and consider it gone ........ you can be pleasantly surprised if the 3:1 risk/reward ration works in your favor.
greg