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Author Topic: I need assistance  (Read 5930 times)

Offline drunkfx

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Re: I need assistance
« Reply #15 on: January 12, 2016, 09:41:16 PM »
Quote from: claire.williams link=msg=262282 date=1368462230

I would recommend you study ATR differentials on say the EUR/USD.

Lots of EA's use that logic, including some well known ones like Forex Growth Bot.

It's very effective over the long term, not so much if you're looking to make monthly gains - drawdowns can be pretty high during choppy conditions.

God Bless :)


ATR indicator works well for me on Hotforex for determining volatility level and set corresponding SL and TP. Its well known that fixed SL is not good over long term, as its not enough to predict price direction but determine the speed of its change.

 

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