I wish more brokers had this functionality. I don’t see it on Interactive Brokers or on my rider software, DAS Trader. This forces me to use static ATR levels manually for trailing stops, but then again that works well enough for day trading.
Visually on a chart a trailing stop using the ATR looks like a good idea. But there are two reasons that it doesn’t work well. First, prices often spike up on one bar and then back down on the next. This will suck your stop upwards and then as price spikes down again you will be stopped out with a small loss or small profit. Not what you intended. Second, unless you use a high multiple of ATR you will often get stopped out when the broker widens the spread as the market opens and in the first few hours of trading. Research shows that the Chandelier Exit Stop doesn’t work well. Neither do moving averages. Best is a 20% stop from price or the Parabolic SAR. Unique to the SAR is that the stop accelerates and moves rapidly towards price as momentum stalls, giving a more profitable exit. Only use in trending markets though and NOT in ranges.
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Which indicates a more powerful support area, according to you, a horizontal support line, a sloping trendline drawn by connecting the lows or a moving average? I would think the moving average, because a stock tends to stick to its moving average more and therefore has more touches than it does to trend lines and support lines. What do you think?
HI I loved this video thanks a lot! my quesitons is, I understood this ATR traling indicator actualy lets one select the trailing stop loss and the trailing stop follows the ATR. so if the market starts to become volatile the trailing stop loss automatically adjusts itself to the new ATR values, correct?
I wish more brokers had this functionality. I don’t see it on Interactive Brokers or on my rider software, DAS Trader. This forces me to use static ATR levels manually for trailing stops, but then again that works well enough for day trading.
Visually on a chart a trailing stop using the ATR looks like a good idea. But there are two reasons that it doesn’t work well. First, prices often spike up on one bar and then back down on the next. This will suck your stop upwards and then as price spikes down again you will be stopped out with a small loss or small profit. Not what you intended. Second, unless you use a high multiple of ATR you will often get stopped out when the broker widens the spread as the market opens and in the first few hours of trading.
Research shows that the Chandelier Exit Stop doesn’t work well. Neither do moving averages. Best is a 20% stop from price or the Parabolic SAR. Unique to the SAR is that the stop accelerates and moves rapidly towards price as momentum stalls, giving a more profitable exit. Only use in trending markets though and NOT in ranges.
Good advice to use ATR trailing stops so can hold stocks if price doesn’t reach ATR level,thanks for sharing......
Buddy you really helped me a lot in understanding so many concept's. Really appreciate it ☺️ Thank you very much!
Simple and to the point. Brilliant 👏🏾 👍🏽
What Platform is this?
the ATR trailing stop indicator loads on my chart, but do you know how to set ATR trailing stop on my trade order
👉 CoreSpreads are now Trade Nation: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money.
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
Which indicates a more powerful support area, according to you, a horizontal support line, a sloping trendline drawn by connecting the lows or a moving average? I would think the moving average, because a stock tends to stick to its moving average more and therefore has more touches than it does to trend lines and support lines. What do you think?
HI I loved this video thanks a lot! my quesitons is, I understood this ATR traling indicator actualy lets one select the trailing stop loss and the trailing stop follows the ATR. so if the market starts to become volatile the trailing stop loss automatically adjusts itself to the new ATR values, correct?
Thanks
GREAT INFO. SUBBED 🤝
so once you add this trailing stop, to your chart does automatically trail the stocks to stop you out or do you move the stop along the trailing st?
Good advice to use ATR
Is this available on tradingview? I don't see it, the ones I've tried look nothing like this
Good vid👍
Thx
is this indicator on oanda?
💙🧡💚💛 Very good that you have Mike Bellas "The PlaybooK" in your book list ;) 💙🧡💚💛