ATR Stop Loss Calculator - Beginner Step-by-step Guide

[@Logikfx]

ATR Calculator Excel Sheet Use Coupon Code "ATR99" for up to 99% OFF. www.logikfx.com/product-page/atr-calculator

[@MattyTriceps]

I love this one matty, got my calculator now🤣

[@bizgonmacro5974]

Just bought mine today would love to see more video content on macro

[@neil.1211]

Many thanks for this - I have purchased and find it very useful. I just had afew question - at 5.23 when you say "when you have a stop loss due to volatility, you actullay know your trade shouldn't be working", is this because the stop loss percentage exactly matches the stop loss? Ie. it shouldn't always be less otherwise you will be stopped out?

[@Logikfx]

On the right lines Neil. The Stop Loss, when placed based on the average volatility, is the same as you saying: "if price moves MORE than average against my trade... I'm happy to confirm the loss and that I was wrong about the direction the trade should go" - Because, as a trader, your job is to try and predict price moving in a direction, that goes beyond average (if your goal is to make money). This is the main reason volatility based stop-losses, and targets are commonly accepted ways to manage risk in institutions. We've just simplified it, and applied it to retail forex trading. Hope that helps!

[@neil.1211]

@@Logikfx Many thinks for your quick response. That makes alot more sense, now. Setting your stop loss within the the volatility range means that if the price goes outside of this range, you cut your losses at a point that keeps your capital at less risk. I intend to use this along with a position size calculator and using the 1% of portfolio risk management approach. Many thanks

[@jkoresh5483]

Good explanation. Just wanted to know if the COT can also give you the graph for a week as well. I might not be in a position to go long or short for months at a time. So if the COT graph can give me the up or down movement to cover few weeks back, I can have a logic to use and be in a trade for a week at a time. Your response will be appreciated. Thanks

[@Logikfx]

Nope unfortunately the COT data is captured weekly not on a daily basis so you. Much better to use COT to capture longer term movements

[@jkoresh5483]

@@Logikfx , Thank you for the updates. I just purchased the COT data report and since I don't have stand alone MS office / excell etc, how do i open it. Does it come with Excel Template?

[@Logikfx]

Yes it's an excel template, you can open it and copy/paste to google sheets

[@lifetherealworld]

Thanks!

[@tombarr2074]

Spot on👍

[@Logikfx]

Yes tom!

[@lifetherealworld]

Got My Calculator!

[@Logikfx]

Nice one put it to good use!💪👍

[@anon8730]

Whats the difference from the normal ATR indicator?

[@Logikfx]

The calculator is a quick easy way as it sets stop and targets, indicator is a little bit different but can still be useful

[@cheesegrillz]

If you trade Daily charts, why not use Daily ATR data instead of Weekly to set SL/TP as per your example? lets say trade goes wrong using Daily charts, is using Weekly ATR some kind of double measure to indicate trade went wrong? If the goal is to cut your losses, why should we cut losses on bigger TF than we actually trade.