Whipsaw STOP STRATEGY

[c0d3]

"Stops are placed at ½ N for ½ % account risk." [1]

N=Average True Range (ATR 20)

N for EURUSD = 0.0082 (DAILY CHART)

((1/2)*0.0082)=(.0041)
(1/2)%OF ACCOUNT RISK=$250, 25 pip




QUESTION:
HOW FAR AWAY DO I PLACE THE STOPLOSS, 0.0041?



References:

[1]http://www.elliottgann.com/en/index.php/Chapter_V_-_Stops

[Zonker]

Reduce your lot size till everything matches up?

eg use 25/41 ~ 0.6lots, then 41pip loss = $250