It’s very simple – all it does is calculate your stop loss with trailing stop price.
How It Works
Settings
ATR Length:
Your ATR Length
Multiplier:
ATR multiplier.
For example, if you want to use a 2x ATR stop, set to 2.
How It Works
- Blue is the current ATR (pips).
- Green is your trailing stop-loss price for Long
- Red is your trailing stop-loss price for Short.
Settings
ATR Length:
Your ATR Length
Multiplier:
ATR multiplier.
For example, if you want to use a 2x ATR stop, set to 2.