The ATR Indicator Is The Single Best Indicator Forex Traders Can Have (Use It or Lose It)
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I'm 3 months in to testing my system, and man the ATR is the best thing ever. I was skeptical when I first watched this video months ago about it being the best indicator in the world. I now understand how awesome it is using it for every trade. It has made me realize how barbaric my old ways of finding a profit target and stop loss target were
Thank you for this presentation! I've added the ATR to my trading and it has made an ENOURMOUS difference. And youre right a trade shouldnt be made without looking at this indicator first and youre right again about it being the best indicator on the planet. Thank you for this presentation. 😀
Wow.. It's working…. Thanks .. You r a great mentor for me!!
I just wanna to ask very important question that , is it necessary to view " Currency strength " relate to each other to select a pair for this strategy?
and what is the use of EMA 13 BLUE in this strategy? Pls reply
“What are You Doing! Why are you doing it that Way! The famous VP phrase that rings in my ears before every trade. Thanks VP.
You hit money management right on it's head for me. I was only into monitoring my margins (which is important), but this has taken my trading to a whole 'nother' level. That info with the forex pairs is priceless! Thank you so much for sharing. Subscribed.
GANSTA!
wow, I tested the ATR now a while and it is so right you just have to use it!
Hello Vp
How do you read the ATR for JPY pairs?
I disagree, the concept of not teaching your algorithm because simply it took you so much work and money to master it. Yes it’s your algorithm and you have every right to do whatever you like with it. But let me sort out something; many people out there spent thousand times more effort, time and money on something and yet they share it. I’m an elliott/Wyckoff/candles traders
If Elliott didn’t write his knowledge I’d not be successfully trading today, same thing with Wyckoff and “Munehisa Homma” who invented Japanese candlestick. I’m so much gratitude to their astonishing work as much as I’m grateful to every writer who wrote something that added to my knowledge.
In return its in my plan, down the road, once I could document my success and credit it with proven results, definitely; I will write down everything I know for people to use.
Again; you have every right to keep your algorithm to yourself, but think twice, I’m interested in every experience and knowledge others have, so put a price on it and publish it.
WRITE A BOOK, and I will be your first customer.
looking at the ATR on the D usd/yen it is at 0.5124. I can go back 200 weeks and i dont' see any day that moved that far. so i'm clearly missing something.
I truely understand ur algorithm, ppl here just lazy to study😝 it was obvious
Right now I’m at a 65 percent win rate. Been testing for about 6 months.
You made a statement using the ATR to calculate the minutes it could take to hit your TP. What video is that. I have notes but I didn’t take clear notes on it.
You should base your trade size on where the stop loss goes. ATR doesn't matter – at least in that sense. Also, I have found a lot of luck in using it as a target. If ATR is currently 60 pips, then that could be the target, roughly. Also, you should think about your trading style/system. If you are a trend trader, then you need higher ATR pairs. If you are a range trader, then the slower pairs make the most sense. There are a million ways to use ATR.
At the end of the day, if you are risking 1 percent, it doesn't matter if you use ATR as a level, or a price. One percent is one percent.
I’m on TRADINGVIEW if anyone else is all I can see is the 14 if anyone knows please help.
Such a great indicator. Changed my trading completely. I will say though, I find the atr trailing stop (in tos) to be more helpful to me.
Good way to reject man, i understand the reason why you would not want to give it away so easily…i am working on it too…hopefully make it..
Already blown 2 small account
interesting, so now the 2 question remain: At what percent should i be risking my account, and how many pips should i look for?
You dont want to share a technique that would benefit your viewers, why are you even here? It is either you dont have one or you really dont have one.
how do i determine the size/volume to either use 0.10 or 0.40 in a trade? thanks
I'm a newby in this business – Please explain "how do you know you are trading at $6/pip or $2/pip?" Related question "How do you set the dollar per pip in your trade?"
Another related question "if a broker offers 50:1 leverage how do you change your trade to 20:1 leverage?". Can anyone help me here. Thanks and Happy New Year
But risking 1% on every trade with the SL that demands every trade in one particular pair isn't the same thing as using the ATR but without consulting it? Or did I missed something?
Because in the end, you still be loosing the same x amount of money if the trade goes south on ethier EURG or GBPN. The trade will always demand a wider SL on the GBPN, because it's more volatile. The EURG on average demands 25 – 40 pips of SL on the daily, and the GBPN on average 45+ pips, also on the daily. The lot size will always be lower on GBPN than on EURG, thus complying with the correct money management of only trading 1%, adjusted to every pairs volatility. Which, just as you mentioned, many people don't, and that's fucking nuts.
The only problem would be that you just don't know how much volatile it really is, or the exact number like the ATR gives you. Perhaps, that can be a huge advantage when trying to decide the correct SL on every pair when trading the dialy chart.
In the end, you kinda have the same output by using the ATR for deciding the price per pip when entering a trade. I just do it the other way around! But I will definitely study the ATR in depth, and see how can I accommodate it into my current money management.
Excellent video VP, without a doubt!
I listened to the podcast all the way to 13 and now it starts!!
Really nice videos never stop it VP!
People the videos are very important and the podcast too they complement each other don’t ignore anything. What you put is what you receive
Thanks. I didn't know about it. I have a python script to calculate it although this is more accurate.
I used this to set my entry exit points in a trade. it's a great metric
I think I’m missing something. I get how the ATR helps you trade one pare relative to another but How does it help you with individual trades?
Using ATR how do you know to buy or sell
Thanks VP, 1 question what's the basis ATR, what pair should we consider?
Until you find out no nonsense Forex is just a conspiracy channel that attempts to turn it's 1M + viewers in the direction of one trade so he can go another 😎
Just kidding btw 😂
That was a cool intro lmao. Gangster
Thank you V….. Patrick for your help. I cannot thank you enough.
If everyone should use it then it will not work anymore hhhh
Too much waffle. Very droning around the bend, do it quite often. Watch the hole as you speed past, quite easy to fall in. Sometimes hard to climb out but ATR might tell you the randomness and volatility.
The truth🎁
I know this is obvious and overstated, but doesn’t something work until it doesn’t given everyone starts using it? I’m assuming it still works now just less potently.
I kind of out of necessity learned something similar to this when I was trading stock options until a couple of moves outside of my rules occurred and I didn't know what to do in those situations (and got wiped out after trading successfully 85% of the time). You learn over time if you are aiming for a certain % from a certain move, you learn which stocks are more likely to generate that target % based on the moves they make on average. That also helps limit your risk knowing if the trade fails that you will lose within your risk tolerance.
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that very stupid of him..after all the work he has put to get us of the mains indicator…he aint telling us the right indicators..fuck off
Good video but as a seller I can tell you are always selling your videos and that makes me a bit suspicious. Only natrually.
oh please don't give us your way of getting money !
because maybe if you gave us the world will end !
or the earth will be sad !
die with your way it's batter .