Fixed SL/TP based on Volatility at time of open

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lytnin
  • updated
  • Completed

Currently, when the SL/TP levels are set based on volatility, they fluctuate during the open positions which, from what i have noticed, sometimes works against. It also doesn't allow you to take advantage of spikes in volatility to hit your target levels.


So my suggestion is to have an option to fix the SL/TP level (maybe even trailing size) based on the volatility indicator on time of open.

For example, ATR is 10 at time of open, and SL/TP is set at 2x coefficient to volatility, the value will remain at 20 through out.

This can be in the form of a toggle (true or false) that can be set.


Let me know what you think!

Replies 4
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1
Andrey Khatimlianskyi
  • Completed

"Fix volatility on 1st position open" ready in 2.50.4 - https://t.me/CommunityPowerNews/57

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4
Andrey Khatimlianskyi
  • Started
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1
Recep Apaydın

When some traders initiate an order with a single order, they set the TP and SL levels against ATR and remain fixed. does not change and remains true to transaction values. order is either TP or SL. The important thing here is to start the order at a good level. Usually successful. Because even with a 50% winning strategy and 1/2 TP/SL ratio, he wins well monthly.(SL=10, TP=20). +5

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2
Andrey Khatimlianskyi
  • Planned (collecting votes)

It's clear. Can be implemente