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Partner 728x90
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NinjaTrader
ATR Stops and Targets
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Hello Trader17,
My apologies, my ATR subtracts from price so I misspoke.
Whether to multiple by ticksize would be up to you. I have attached a sample you can use for testing, the green plot is the value of the ATR*Ticksize and the red plot is the simple ATR, both period. You can see in the attached chart for gold, 12.7 vs 1.27, would you prefer a stop of 12 ticks or 1 tick.
I would encourage you to test these things on your end, setting up quick tests to check hypothesis, etc.
Please let us know if you need further assistance.
Alan P.NinjaTrader Customer Service
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So the ATR indicator is returning the value in points and not ticks, correct? So in your example above I would simply subtract 12.7 from the current price of gold, correct? In that case no need to multiply the ATR by Tick Size. Am I right? Like in Euro for example the ATR is showing in decimals like 0.00172 which is like 17 ticks. So in Strategy Builder if I select Price it will round off the number and deduct from current price to place stop or target?
Thank you.Last edited by Trader17; 11-13-2018, 08:02 PM.
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