The ATR Indicator Is The Single Best Indicator Forex Traders Can Have (Use It or Lose It)

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No Nonsense Forex

No Nonsense Forex

Күн бұрын

I have tested thousands. The ATR indicator won. The Average True Range Indicator, or the ATR Indicator for short, if used the right way, is something every Forex trader should use on every single trade.
Problem is, most of you who do use it, use it wrong. The number is all you need. It is the #1 money management indicator out there, and since money management is everything, the ATR indicator takes the #1 spot on our list, and it's not even close.
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Пікірлер: 1 600
@scottyguy401
@scottyguy401 4 жыл бұрын
I'm 3 months in to testing my system, and man the ATR is the best thing ever. I was skeptical when I first watched this video months ago about it being the best indicator in the world. I now understand how awesome it is using it for every trade. It has made me realize how barbaric my old ways of finding a profit target and stop loss target were
@princeadetunjiehinmowo6293
@princeadetunjiehinmowo6293 4 жыл бұрын
Please can you give more information about this indicator.
@rafaelmalate7938
@rafaelmalate7938 4 жыл бұрын
So how do you enter or exit ?
@Leo-vg1rr
@Leo-vg1rr 4 жыл бұрын
I have a question, sometimes MT4 does not let me use the SL based on VP calculations (1,5*ATR) Its shows an error message saying Stop loss and Take profit shoud be highet than XXX pips. PLEASE HELP!!!!
@yeoshihongjohn5101
@yeoshihongjohn5101 4 жыл бұрын
All these downright LAZY people who dont bother finish all the content before commenting
@johnnytbg9142
@johnnytbg9142 4 жыл бұрын
@@rafaelmalate7938 it has nothing to do with enter or exit your trade. it's basically for money management
@fatsoaok6749
@fatsoaok6749 2 жыл бұрын
Another REALLY FUN thing about the ATR: You can easily call out the forex scammers. For example some telegram scammer will say : CADJPY ACHIEVED TARGET +320 PIPS, but then you look at the 10 day ATR and you can tell the pair didn't move more than 130 pips for the past 10 days, so when you message the scammer's ''support'' asking them where did those extra 190 pips came from, you end up getting blocked for some reason (true story, happened to me 2 days ago)🤣
@rockefeller13
@rockefeller13 Жыл бұрын
Wow thats crazy
@AJ-th6zc
@AJ-th6zc Жыл бұрын
It's "average". It doesn't say how much it moved during the past 10 days, it says on average how much it did each day. So if 1 day it did 1000 pips and the rest of 9 days did 0 pips, the ATR is 100 pips. That doesn't mean it didn't move more than 100 pips
@archravenineteenseventeen
@archravenineteenseventeen 5 ай бұрын
​@@AJ-th6zcthe fact he got blocked proves that the scammer is guilty asf
@jaybhardwa9859
@jaybhardwa9859 3 жыл бұрын
What's so confusing? It just shows the average price of the last few candles so you know how much the market is moving. I'll give you an example. Let's say you're trading EUR/USD and the candles have all moved 80 - 100 pips in the last couple of days... well you definitely don't want to set a stop loss of 50 pips, you'll be wiped out in one candle. I'll give you another example. Let's say you're trading EUR/USD and the candles have all moved 40 - 50 pips in the last couple of days... well you definitely don't want to set a profit target of 500 pips, you'll probably never hit your target unless you're in a super trend and you'll probably blow your account. So to sum up the ATR lets you know the average size of candles at the moment so you can set proper stop loss and profit targets.
@joshuawall4694
@joshuawall4694 3 жыл бұрын
This is actually a really helpful comment, thank you
@CantGetRight911
@CantGetRight911 3 жыл бұрын
Never thought to use ATR for profiting. Normally, I review charts at a daily frequency in a year timeframe, identifying obvious S/R levels where candles frequently hit, and determine if my risk to rewards ratio make sense setting my stop lost @ 2% + atr value. Most of the time, this prevents me from being stopped out, taking profits where it makes sense. Good post!
@glyventure5745
@glyventure5745 2 жыл бұрын
Thank you. This is really helpful
@nicholaslarsen6739
@nicholaslarsen6739 4 жыл бұрын
7:17 to the point
@mt9443
@mt9443 4 жыл бұрын
should have read comment first. thank you for this.
@tenzintsundue6474
@tenzintsundue6474 3 жыл бұрын
Video starts at 7:17
@Andre14615
@Andre14615 3 жыл бұрын
All heroes don't wear capes. You my friend are the hero we all need.
@pablocuello4184
@pablocuello4184 3 жыл бұрын
Lotsa love for you
@georgio318
@georgio318 3 жыл бұрын
Keep it simple. Use a position size calculator. Enter your risk in $ amount, let’s say $100 is your risk per trade. Choose the pair you’re trading. Now use the ATR to identify the stop loss range in pips. Let’s say, 25 pips. Then you input the SL range and it will calculate your lot size. So for EUR/USD for example if you’re risking $100, and the SL value calculated using the ATR is 25, then you will arrive at 0.4 lots. Now you can split the 0.4 lots in any number of trades or just trade it as a single 0.4 lot trade. There you go. No need for any of these dollar per pip nonsense. Just use the calculator and you get the right lot size in 10 seconds.
@johndough8699
@johndough8699 3 жыл бұрын
Babypips.com has a position size calculator. That’s what I use. (still paper trading). I risk 1%.
@petablepets2031
@petablepets2031 3 жыл бұрын
ON WHICH platform is this position size calculator?
@johnzeegler8641
@johnzeegler8641 3 жыл бұрын
You have a very good narrating voice, almost like a radio DJ which makes it much easier to listen and understand your videos, very soft and soothing yet confident.😚
@caps_tein
@caps_tein 3 жыл бұрын
Nothing is truer than this. The blog is smooth as well. Love this guy
@jenisgiles
@jenisgiles 3 жыл бұрын
Live him too
@raashbucul1498
@raashbucul1498 4 жыл бұрын
For those of you who have been with VP since the " beginner's lesson" and still didn't figure out where this guy is heading you please for the sake of God stick with him and be patience and try your best to understand every lesson I can almost guarantee you it will pay off. people Don't have the same brain some people understand fast others very slowly like me i watched the ATR indicator the third time and Finally got it. Yes also surprised when i watched the dirty dozen videos and i was like "this guy is out of his mind" i watched the podcast 3 to 13 and then the core concept and on my way to money management and psychology and Finally technical analysis. Thank You VP.
@MissAnjaaaa
@MissAnjaaaa 5 жыл бұрын
I love your honesty. My opinion is that no trader is going to tell you 'the golden rule' for profitable trading, but even when you ask them they start to explain something and it's obvious they are hiding a lot. Thank you for saying no to us directly without feeling bad. That is your limit and we have to accept and respect it. btw - thank you for all knowledge ! God bless you.
@pinayforextrader6940
@pinayforextrader6940 4 жыл бұрын
Anja Jug that’s why very Important to kwarta through education platform of to trade.connect me I’ll give you my link if you want to learn ..
@mzwandilestishi3493
@mzwandilestishi3493 5 жыл бұрын
i'm from South Africa and i started developing interest in Trading Forex last year, never got what i've always wanted till now....you are the best unlike the others who always shout "i make money"*100.....thank you for such powerful and mind blowing videos
@SasanFX1
@SasanFX1 5 жыл бұрын
Hi VP, Thanks for the great stuff that you sharing, Do your check you Alguritem only in Daily or you also use 4H for confirmation?
@KeithJacksonII
@KeithJacksonII 4 жыл бұрын
hello, ive watched the "lets compare" part this vid about three times trying to figure out how to apply it. Is there a certain price per pip that we decide we want to stick to? then when we decide this price, we use ATR in order to figure out what number to multiply or divide our pip value by depending on the pair in order to keep our price per pip consistent with all trades?
@laurenh978
@laurenh978 4 жыл бұрын
I'm not even half way through the video and you make me laugh so much with your commentary
@uchchashkarmakar
@uchchashkarmakar 9 ай бұрын
You still reply the question from 5 years old video. That's shows your love to teach us trading! ❤
@vishwamurtagroup
@vishwamurtagroup 5 жыл бұрын
brother you are awesome for the beginning how you choose the black plain background to simultaneously sending to your other videos best of the connecting links , i may need your permission to ask a question - will this strategy work on other platforms like equity etc
@tomnolan3485
@tomnolan3485 4 жыл бұрын
Hey VP, what I'm finding out with my system is that if a signal to go short/long is given, it will nearly always go into profit. But if it turns out to be a short trend the exit indicator (SSL) will always exit the trade at a loss. Would you recommend splitting the risk over 2 orders and using the ATR x 1.5 as a TP for one order while the other is left for the exit indicator? I've backtested months and found out that my system will nearly always put a trade in profit around the ATR X 1.5 range. This would result in a smaller loss or minor profit should the trade reverse. Looking forward to your response, thanks.
@ShaunPhillipslimitlessfx
@ShaunPhillipslimitlessfx 5 жыл бұрын
Brilliant video. I have been trading for years and I actually use the ATR for profit targets and stop losses, but I never actually looked at it the way you illustrated using it. Makes perfect sense! I am using this in all my trading from now on. Thanks for sharing. I very much appreciate your content. I am now a subscriber.
@duncancoetzee5792
@duncancoetzee5792 5 жыл бұрын
Yo wassup? How did your trading go after applying this knowledge? Would like to hear your response and about your trading journey..
@bobbybird7845
@bobbybird7845 4 жыл бұрын
"If you trade the 5 minute chart, you clearly hate yourself, and losing money is probably your destiny." hahaha there are SO many hilarious one liners on the blog, anybody not reading it is really missing out XD
@msj5433
@msj5433 4 жыл бұрын
Hi tq for the great videos. I just came by to your channel. What is the best indicator for trend reversal?
@syah7035
@syah7035 3 жыл бұрын
Hi VP ,i have a question.what pair should i compare with before determining the ratio of value/pip on the atr?or i can do it randomly ?
@soufianecharif7714
@soufianecharif7714 5 жыл бұрын
thanks for this and your podcast. im learned so much and still learning
@jakemarxfx6992
@jakemarxfx6992 5 жыл бұрын
Love your content and your podcast! I listened to the whole thing in one day! Keep it up bro!
@etai321
@etai321 5 жыл бұрын
Hi VP! Thank you for everything you do for us! I noticed the ATR gives you different numbers on MT4 and on Trading View I'm not sure which one to go by? (They are both set to the generic 14)
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
Just use the one on the platform you're trading.
@tinyikosibiya2173
@tinyikosibiya2173 3 жыл бұрын
Thank you so so much for the profound teaching of such a vital part of trading , but my question lies on the example you gave of EUR\GBP & GBP/NZD ,the later was a third less in pip value because the pair moves faster on the ATR or was it because both currency pairs had the POUND to minimize overexposure of a single currency . Your clarity & patience will be highly appreciated
@kroatoaneight-four
@kroatoaneight-four 3 жыл бұрын
This is the ONLY indicator you'll need EVER!!!! My goodness. It took sometime before everything became obvious. You rock, man!!!
@muckiman001
@muckiman001 5 жыл бұрын
its day 3 since if seen this vid and starting using ATR as an indicator. Its so precise im really suprised! thanks!!!
@kurtis4730
@kurtis4730 5 жыл бұрын
what are your thoughts on, at the end of each trading day, recalculating your ATR stop loss as price moves in your direction and using this a manual trailing stop?
@vijayanand3118
@vijayanand3118 4 жыл бұрын
Thank you very much for helping on deciding the lot size. It really helps.
@Youarturo
@Youarturo 4 жыл бұрын
VP, very interesting way to "focus on pip value" via ATR. It is an "aha" moment for me. BIG THANK YOU !!!
@fabervaale
@fabervaale 5 жыл бұрын
Professional Trader and Teacher, congratulations from Italy!
@aryanlong6344
@aryanlong6344 3 жыл бұрын
This just blew my MIND!! i have heard so many people talking about the ATR but none actually showing how to apply it.... Thank you SIR!!
@josephbelen297
@josephbelen297 2 жыл бұрын
Hello! Thank you VP for this great video. I would just like to ask you Sir and all of your followers how you read/ interpret the ATR? In one of the videos you used the last two digits and the other video you used the 2nd and 3rd to the last digits. Thank you in advance for the reply.✌🏾
@kdud2799
@kdud2799 4 жыл бұрын
People have been talking about the invaluable worth of the atr in trading, but I never really understood what made it stand out compared to other indicators until I watched this. Thanks.
@_BabarIqbal_
@_BabarIqbal_ 4 жыл бұрын
Anyone who understood the concept of this video will not lose money in the long term. Exceptional job VP! - you just solved one of the biggest problems i have been having with stops being taken out unnecessarily when the market is compressed. I have tried ATR to complement my existing algo for position and stop sizing - the result is phenomenal.
@TheChillGuy000
@TheChillGuy000 2 жыл бұрын
I am new for forex and still don't understand, can you explian more about this stratergy please?
@nikhurst
@nikhurst 5 жыл бұрын
I only just recently stumbled across your podcast and honestly, you've changed the way I trade. I'm still new to this but your "no nonsense" approach is by far THE BEST! Thank you!!
@ngonibenjamin5955
@ngonibenjamin5955 5 жыл бұрын
Nice video thanks. But how does this differ to using an ADR on the daily chart?
@makotounagi434
@makotounagi434 Жыл бұрын
After 4 years from learning from you VP, your channel is the best Forex channel in YT
@EruvwuObuaya
@EruvwuObuaya 4 жыл бұрын
You hit money management right on it's head for me. I was only into monitoring my margins (which is important), but this has taken my trading to a whole 'nother' level. That info with the forex pairs is priceless! Thank you so much for sharing. Subscribed.
@Bavubuka
@Bavubuka Жыл бұрын
Ok so my ATR in metatrader shows 5 decimals places, instead of 4 like VP's example. So I don't know how to actually read the ATR value. The settings are the standard ones so I don't know what to do so that it's only showing 4 decimal places. How can I read it when it's showing 5 decimal places? How can I change it so that it looks like VP's example which only has 4. Please help me out if you can.
@ramaswamyvenkatesh9636
@ramaswamyvenkatesh9636 4 жыл бұрын
You are brilliant . Hundreds I had listened but none impressed me more than you . Brutally frank and blunt to the point . Never heard before to use 24 day MA of pips as they use the price . Thanks .From now on I Will use AT as advised . Reducing investment 1/3 for 3 times pip value is the cake of logic . Thanks !
@jasonrajotte5172
@jasonrajotte5172 5 жыл бұрын
Thanks Again VP, Another Knowledgeable Video.... I Do Not Understand the People that Try and Argue your Technique, Strategy or Style of Trading... You are Giving Out Valuable Information and If they Don't Agree, then Don't Watch the Video... People Just Do Not Appreciate what you are Trying to Do.... I Myself Can't Thank you Enough....
@tommycharles4666
@tommycharles4666 5 жыл бұрын
The other reason he's not giving you his particular indicators is that they're just not all that important. Money management is 100x more important than any indicator you use. Without that, knowing "how" to get winning trades is not going to help you.
@JayBigDadyCy
@JayBigDadyCy 4 жыл бұрын
So how do you deal with the ATR being at say 1200 when you're trying for 100-200 pips (just an example)? ATR seems more reasonable on other assets. FX has me setting stops so far away there's absolutely no way they'd get hit unless it's 4 years down the road. I'm serious about this too. And I'm more referring to the HTF's (daily in particular). Just feel like there a key piece of missing info. Watching all your vids in the suggested order. Actually had to come back to this one as I started trying to test indicators and realized that my stops would be light years away on nearly every trade on the daily.
@marioschannel7772
@marioschannel7772 4 жыл бұрын
I notice when I move my mouse around my pips change and yours are stuck add a specific number how do you do that and also on my ATR's depending what stock I'm trading sometimes it goes from 0.60 in one stock for example and then on the other one something like 0.00041 so what's up with all the zeros in front
@paulmitchell9954
@paulmitchell9954 4 жыл бұрын
The most important indicator every trader should know about :-) Without understanding and using ATR you'll keep seeing perfectly good trades never reach your TP and often reverse on you, resulting in hitting your SL or you closing your trade prematurely and only making peanuts instead of real profits...
@juliusshilongo
@juliusshilongo 5 жыл бұрын
Thanks man we need people like you.
@Marinalopescardoso
@Marinalopescardoso 5 жыл бұрын
I agree!
@gregmorgan2917
@gregmorgan2917 Жыл бұрын
Hi VP great video thank you..A question for you. Would the ATR influence your entry level . So say ATR was 100 and you were looking to buy the pair and on the day the pair had already gone down by 100 pips would this strengthen your belief in buying the market at a good level .
@NoNonsenseForex
@NoNonsenseForex Жыл бұрын
I've never tried it before. You may just have to run a test and see.
@iwebiagboj.c.2521
@iwebiagboj.c.2521 4 жыл бұрын
Your online video coaching has re-wired me on FX know-how! I'm curiously excited and getting better. Thanks a million VP.
@georgefieldsjr.640
@georgefieldsjr.640 5 жыл бұрын
Wow , that is GREAT Information !. I was doing NONE of the tings you mentioned, that was causing me to lose so much money , Thank you for your information. .
@pasht60
@pasht60 3 жыл бұрын
Captain here. Explanation starts at 7:22
@ismailhussain5339
@ismailhussain5339 5 ай бұрын
VP I need some help on most forex pairs the ATR is simple it shows the pips amount but on volatile pairs such GBPUSD or XAUUSD, for example the ATR on GOLD is like 22.9943 how do we calculate it then I understand the lower numbers but the higher numbers does not make sense we cant have a SL of 900 pips. Please advise
@Boulevardfree
@Boulevardfree 3 жыл бұрын
ATR on which timeframe? Say I do 4H for analysis, 1D for context and 30M for precise entry point generation? Thanks and best regards
@Mattjrogers97
@Mattjrogers97 5 жыл бұрын
Came here from your podcast, love your stuff
@mrswoolyswallart1656
@mrswoolyswallart1656 2 жыл бұрын
I wish to thank you for your system, using ATR, CMF, Aroon and RVI indicators. I have been trading for quite some time, but this is the first system that I have found that I have total confidence in. It is simply, easy and quick to understand. I am operating on the daily and 4hr time frames and for the first time in a number of years that I am achieving a rate of success that makes the investment of my time and money worth while. Please stay safe in this unstable world. Thank you again
@williamisaac1023
@williamisaac1023 5 жыл бұрын
another question, how do you feel about harmonic scanners
@GeeEll3
@GeeEll3 2 жыл бұрын
I love you, Patrick! Thank you for everything! I am finally getting a good grasp on this! Will be back with updates.
@nicholgadingan5040
@nicholgadingan5040 5 жыл бұрын
Never ending process if aiming Forex trading skills.... thanks for those mentors who have shared their knowledge to those longing for financial freedom.... kudos!!!
@theforexcodes8133
@theforexcodes8133 5 жыл бұрын
Absolutely...
@laurentoutant6382
@laurentoutant6382 5 жыл бұрын
Just started to listen to you podcast this morning ! Thanks alot ! I'm 17 years old and I really want succes in this game !
@TheArtOfTrading
@TheArtOfTrading 5 жыл бұрын
You'll make it man. I'm 28 and I started trading late in 2016 with zero financial market experience, and I have begun to find my consistently profitable groove about 24 months in. I wish I'd started at 17. But I wasn't mature enough and had no mentors so I just kinda drifted for 10 years until I found this path and it changed my life. If you stay focused you'll be fine! Work hard, grind it out, watch videos like these, work on your discipline and your skill at reading charts and your understanding of edge, be patient and kind to yourself and you'll be killing it in 1-3 years almost guaranteed. You'll definitely have a head start on a lot of traders. Most traders fail because they don't put in the appropriate work. And most people don't put in the work because they either never find the right educators or are older and have other commitments/jobs/family, bad habits, bad conditioning and often not enough time to learn. At 17 you have plenty of time to put in the work! And if you're watching this video then you're on the right path, so if you keep your head down it really is just a matter of time. Good luck mate! “Believe in yourself. Don't quit. And never lose all your money.” - John Moulton
@Hashirama523
@Hashirama523 5 жыл бұрын
Just dont join iML xd
@theforexcodes8133
@theforexcodes8133 5 жыл бұрын
@@TheArtOfTrading Agreed. Takes work, effort but is enjoyable...
@shaymacleod1331
@shaymacleod1331 2 жыл бұрын
Current progress?
@MP-mu1kw
@MP-mu1kw 9 ай бұрын
Thank you so much for doing this short clip on why/how to use ATR and you are right Iike many I also have not been applying the correct money management practices such using pips to calculate the amount to risk. Can I use ATR indicator also for stocks/ETF's?
@NoNonsenseForex
@NoNonsenseForex 9 ай бұрын
Yep. Works everywhere.
@MP-mu1kw
@MP-mu1kw 7 ай бұрын
@@NoNonsenseForex What would be the multiplier to use for stocks and ETFs, is it the same as 1.5x?
@WSVGL
@WSVGL 5 жыл бұрын
Fantastic. I would have never known. Makes a lot of sense.
@ivasong
@ivasong 4 жыл бұрын
What is favorite book on money management that you would recommend that comes closest to encapsulating your philosophy.
@ichimokusamurai7509
@ichimokusamurai7509 5 жыл бұрын
I really needed this vid, thanks mate!! This is gold! Gangster!!!
@chedagoz7145
@chedagoz7145 Жыл бұрын
Thank you very much for sharing your knowledge.
@petereastman2663
@petereastman2663 5 жыл бұрын
Do you number all your podcasts so that it would be easy to keep track of which ones I've watched? Or, should I create an Excel spreadsheet and keep track. Thank you!
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
Yep, all numbered, and all in order on the KZbin playlist and most podcast players.
@hrhooms7619
@hrhooms7619 5 жыл бұрын
i wish i could shake this man hand. Respect bro!!! u got me subscribe.
@tominis5938
@tominis5938 4 жыл бұрын
Small tip: have ATR on chart, press CTRL+D look where is ATR and you can see it changes number depend on where your pointer is ;)
@kazg4877
@kazg4877 4 жыл бұрын
it is thank you
@quantroots
@quantroots 4 жыл бұрын
Is this an alternative to setting a stop based on market structure and then determining position size based on risk %? Im not sure how this would work in conjunction with position sizing... I thought stop placement risk % and position size determined value per pip..
@allendavidsanjuan9814
@allendavidsanjuan9814 3 жыл бұрын
Hi! I am new here, but I just have a question regarding the ATR. SO if I was to use ATR as an indicator for money mgt, and its in my best interest to trade more than 2 currency pairs, how would I know what currency pair to use as the basis for relativity? What i understand is if for example, if I was to trade EUR / GBP, GBP /NZD, USD/CHF, and USD/ JPY and hypothetically, the last pairing, USD/JPY has the highest ATR. I will use that pairing as the basis of ratio to how much I should put into the trades for the pairings I will participate in?
@ronnymohdomar8750
@ronnymohdomar8750 3 жыл бұрын
find pairs that have similar average value
@jorgeng9143
@jorgeng9143 4 жыл бұрын
Indeed no nonsense, ATR is the tool that I am lacking in my system. Million thanks!
@adamsaher446
@adamsaher446 3 жыл бұрын
Skip the pep talk, jump to 9:00, and save your time.
@OGCrownClown
@OGCrownClown 3 жыл бұрын
Thank you.
@tradingbeacon6469
@tradingbeacon6469 3 жыл бұрын
Thankyou 🙏
@darryld1487
@darryld1487 3 жыл бұрын
Blessings
@Timithos
@Timithos 4 жыл бұрын
Wait, how did VP arrive at deciding the $6 in the first place? Was this just an arbitrary number to teach the ATR ratio between two pair examples? Does this have something to do with % of account to trade that is covered elsewhere?
@mannankhanduja
@mannankhanduja 2 жыл бұрын
what do u think about ATR and EHLER'S FISHER TRANSFORM combination ?
@blamblamdev2794
@blamblamdev2794 5 жыл бұрын
What platform do you trade on?
@roberthill3206
@roberthill3206 5 жыл бұрын
Should have listened to the whole thing. I agree and have a modified version of ATR that I use to calculate Stoploss and Takeprofit values as percent of ATR. My math education gave me the method and it has worked better on forward and backtest. I also use it in my automated Lot size risking 1% of account balance per trade.
@antonpribadi7927
@antonpribadi7927 5 жыл бұрын
Superb VP, whats your opinion about ichimoku indicator?
@dannywhite9735
@dannywhite9735 4 жыл бұрын
“What are You Doing! Why are you doing it that Way! The famous VP phrase that rings in my ears before every trade. Thanks VP.
@darnel6884
@darnel6884 4 жыл бұрын
I'm confused.. there's no example, how can I used this tool..
@rjpimprov
@rjpimprov 4 жыл бұрын
Such a great indicator. Changed my trading completely. I will say though, I find the atr trailing stop (in tos) to be more helpful to me.
@tecnolover2642
@tecnolover2642 4 жыл бұрын
Ive done a lot of work with ATR. Its a basic measure. I even used to trade bond futures using it as a part of a breakout system after rigorous back testing. It works ok for setting stops (particularly if you are aligned with the correct market momentum) but can often require wider stops which means less leverage when following money management rules. There are much better ways such as using defined support levels, fibbonaci levels etc which allow tighter stops. I use it as a last resort when those others are not available. Its def not the best and certainly doesnt need to be used for every trade for risk management. It is also used to assess the current volatility of a market in deciding which markets are profitable to trade.
@lanreoshisami8934
@lanreoshisami8934 2 жыл бұрын
Always respect your straight forward words. I now understand you. No Nonsense.
@ClockDesignCo
@ClockDesignCo 4 жыл бұрын
I used this to set my entry exit points in a trade. it's a great metric
@11Accor
@11Accor 4 жыл бұрын
Is it reasonable to use the ATR indicator for commodity trading, for example? Im just a beginner and I think your videos are instructive so thank you for that.
@NoNonsenseForex
@NoNonsenseForex 4 жыл бұрын
Yes, watch the money management playlist. It involves the ATR heavily, and can be used throughout any market.
@11Accor
@11Accor 4 жыл бұрын
@@NoNonsenseForex Okay. Thank you for give answer to me. I need continue watch your videos : )
@jutones24
@jutones24 4 жыл бұрын
Commodities will bankrupt you, unless you have $thousands to cope witht the draw downs
@theoffice3424
@theoffice3424 5 жыл бұрын
Excellent video! Many thanks! Much appreciated.
@lionelperez6635
@lionelperez6635 4 жыл бұрын
Excellent, Excellent video........Definitely one of the best videos online hands down.......the amazing thing as well is this about the ATR is when you use it to give you a signal that lets you know what pair is past 150% past its extreme Range.......and then only trade that pair or pairs because the probability of a reversal is extremely high now.
@potatochipappi
@potatochipappi 4 жыл бұрын
Amazing!.....I'll and test this out. Thanks
@lionelperez6635
@lionelperez6635 4 жыл бұрын
@@potatochipappi Best suggestion.....If your trading the 4hour then wait for the weekly atr % to be at an extreme.......If your trading the 30 minute time frame then wait for the 4 hour time frame to first be at an extreme atr level ....... the concept after understanding every time frame is fractal in nature and every time frame is creating macro and micro cycles that are always impulses and corrections then all your doing is using a higher time frames extreme oversold or overbought Atr level and trading the micro cycles within that time frame that is that lower time frame within it....
@joeebanks646
@joeebanks646 5 жыл бұрын
so grateful for you, and people like you. cant imagine how much you are affecting peoples lives. i fully expect to go pro within a few years. not kidding either. this is a great resource, free and more valueable than college.
@liennguyen-pj1gu
@liennguyen-pj1gu 2 жыл бұрын
How is the progress?
@armintataro3939
@armintataro3939 4 жыл бұрын
At first, i didnt see the importance of atr. Now, i use atr in every trade i do. The real gngster
@jonathanumuhoakpor2276
@jonathanumuhoakpor2276 5 жыл бұрын
So how do you determine what 2 currencies to compare as you did on the GBPNZD and EURGBP..?
@khovbunkheang2892
@khovbunkheang2892 4 жыл бұрын
Thank you V..... Patrick for your help. I cannot thank you enough.
@StaVykoV
@StaVykoV 3 жыл бұрын
Man, VP, I don't how you got to that golden 1.5 ATR ratio, but it is perfect! Especially lately I see so many of my trades having wigs just above my SL and then bouncing. If it were a bit lower than 1.5 ATR it would've been hit, if it were above 1.5 it is just a waste, since most of the times if the price goes beyond my SL it just continues. Can't imagine how much tuning u were doing to this. :D P.S I am just now being evaluated from a prop firm and hope to get funded. Will write a feedback once it happens for sure!
@georgebryandiaz7061
@georgebryandiaz7061 3 жыл бұрын
How did it turn out with the prop firm dude? Looking forward to good news..
@jo944
@jo944 5 жыл бұрын
He's monologin till 9:00 so you can safely jump there.
@varuzhanbasmajyan2265
@varuzhanbasmajyan2265 3 жыл бұрын
The money management using the ATR makes perfect sense... if you are trading daily bars and placing all the trade close to the day end there's plenty of time to do the calculating. What if you are intra-day trading, say 15 minute bars? How do you translate the money management based on the ATR over to that style? I still use the ATR to calculate the Stop Loss, Scaling Out, and Trailing Stop. Finding it tough to apply the $ / pips.
@genesisway01
@genesisway01 3 жыл бұрын
Tx VP for sharing with us.
@valeriiapopova930
@valeriiapopova930 4 жыл бұрын
Hey guys! Some currencies have different numbers, like check out the USD CHF, the ATR here shows 59.1169 so how many pips would it be? 59 ?
@davekenna3095
@davekenna3095 4 жыл бұрын
59
@mikeclabaugh6139
@mikeclabaugh6139 5 жыл бұрын
Thanks for explaining The ATR, I have been learning to trade Forex for 6 months, and after your explanation I followed your instructions and placed a trade and it was a success. I really appreciate your help.
@domorewithsage
@domorewithsage 5 жыл бұрын
Mike Clabaugh one successful trade does NOT make a successful strategy. Do 100 trades and report back to determine if it’s successful
@theforexcodes8133
@theforexcodes8133 5 жыл бұрын
Keep it going😏
@raphaeldouglas9361
@raphaeldouglas9361 3 жыл бұрын
Thanks for making me understand..this video really had an impact on me
@krishnamoorthy5953
@krishnamoorthy5953 4 жыл бұрын
Ok sir. Noted. Very useful information video. Thank you.
@brewcitypunk
@brewcitypunk 10 ай бұрын
the ATR is such a simple indicator and early on, it seemed a bit mundane. i now deviate just a tad from the set-in-stone NNFX rules and use specific parameters surrounding the ATR. you are so correct VP. the ATR is such an important indicator and it instills discipline more than anything else. the ATR should be included in the trading psychology realm.
@Freshiz325
@Freshiz325 5 жыл бұрын
The per pip value should be at the end of the equation, not the beginning? Never risk more than 0.5-1% of your acct on any trade and based on how many pips your stop is, that then dictates the value per pip, right? Your trading strategy will dictate where your stop is for a particular trade which in turn will create your position size?
@alexcasterr
@alexcasterr 3 жыл бұрын
We can use the easy order robot to normalize the amount of money to a % and olny define the amount of pips in every pair right?
@KpR0dS
@KpR0dS 3 жыл бұрын
13:03 I'm new to forex but you should take the value per pip into consideration too right? for example the vpp right now for the GBP/NZD is 7.04$ and EUR/GBP is 13.44$ one lot size. If you multiply the value per pip with the ATR, for each pair, the EUR/GBP moves 63% less money per candle than GBP/ NZD, or 1,6 times less instead of 3 times less, which should make you trade $3,75/pip instead of $2/pip on the GBP/NZD in this example right? please correct me if i'm wrong.
@wilfredoespinovargas7705
@wilfredoespinovargas7705 3 жыл бұрын
Hey there! How do I know the value per pips in certain pair?
@HOLFX
@HOLFX 3 жыл бұрын
You can make use pips calculator. It’s on play store and Apple store
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