All "pips parameters" calculated using ATR

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We already have "ATR * coefficient" mode for Step calculation.

But it is only for Step. And we must estimate "base" values for all other parameters nominated in pips for each new pair we want to use.

My idea is to add common option "Use ATR as a base for all pips parameters" and when it is enabled, calculate SL, TP, Step, Trailing, BreakEven, etc as a "ATR * parameter value".

For example, ATR on D1 = 150.0 pips. If TakeProfit = 0.3 it means TP = 150*0.3 = 50.0 pips. And this value will change every day (if TF for ATR is D1).

And the same for all parameters.

What do you think?

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Satisfaction mark by Andrey Khatimlianskyi 3 years ago

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Andrey Khatimlianskyi
  • Under review
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giulio de meo

Really nice!

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Sergio L. Garza M.

Would this dinamically adjust TP/BE/SL every day without human intervention?

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Andrey Khatimlianskyi
  • Planned (collecting votes)
Quote from Sergio L. Garza M.

Would this dinamically adjust TP/BE/SL every day without human intervention?

Yes.

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giulio de meo

Please read this.

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Orazio Nicolosi
Andrey I agree with you!
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Andrey Khatimlianskyi

ATR(50) on D1 — is just an option.

What did you want to say with your big screenshot?

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Kishan Bhatt

Hi, I think this is a great idea, and simplifies a lot of potentially confusing parameters for newer members

https://www.mql5.com/en/code/30852

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Sai Pratap

Nice idea. 

Would love to see it implemented. This shud definitely improve the profit booking range.

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Norton Faldi

great idea. it will maximize tp. love it