Expert Advisor ATR Calculation of STOP and Take Profit.

Expert Advisor ATR Calculation of STOP and Take Profit.

Robot uses idea from author Van K. Tharp, author of Trade Your Way to Financial Freedom , says any value between 2.7 and 3.4 is good for his stop loss to be close enough to prices so he can guarantee his profits. while keeping a safe distance from them so you won't be stopped by any insignificant market movements.

The Robot has not made any entries it has calculated from the operator's manual input Stop Loss and Take profit Based on the Time Frame ATR data chosen.

Buy Calculation:

Stop Loss = Asset Entry Price - ( N x Value of ATR time frame chosen)

Take Profit = Asset Entry Price + ( N x Value of ATR time frame chosen)

Sell Calculation:

Stop Loss = Asset Entry Price + ( N x Value of ATR time frame chosen)

Take Profit = Asset Entry Price - ( N x Value of ATR time frame chosen)

Accuracy of ATR value to be changed to 10 decimal places.

STOP and TAKE profi Unit of Measure:

Ticks

Financial

Points.

The robot will be used in stock market and forex trading.