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its very similar to a keltner channel trailing stop. keltner channel is based on a moving average and this method is based on just the last close + 3 ATR's.
but a 1-min KC (20 period, 2.5 ATR keltner channel) is another method that works pretty well. |
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Thanks Dog
So I assume , If I'm short for instance, that the upper band will be my mark for trailing stop rigth??
What would be a good setup for the bands on a five minutes charts? 10/1.5?