Description
⋅ Why is ATR indicator useful?
1) If we know volatility we know where to set stops and targets
2) Higher volatility = higher stops/targets
3) Lower volatility = lower stops/targets
4) This can be easily done using a calculator
Yes, there are websites with the volatility of all Forex pairs--you should confer with prior to taking any trades.
Please try using ATR indicator: ATR x 1.5 = Total Pips (for Stop Loss)