All "pips parameters" calculated using ATR
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 4 years ago
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Nice idea.
Would love to see it implemented. This shud definitely improve the profit booking range.