Using ATR to set Stop Loss in Forex Trading
1 min read

Using ATR to set Stop Loss in Forex Trading

Using ATR to set Stop Loss in Forex Trading

One of the swing trades I did in forex last month was buying the Canadian dollar against the Japanese Yen. It was a promising trade, having a high-reward/low-risk ratio (R/R) of almost 9! Shortly after opening the position though, my stop loss was hit. Should I have used an ATR % stop method, the trade would have been successful.

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