Automatic ATR stop loss based on entry

I would like to see a feature that allows traders to automatically set a stop loss order immediately upon entry that is based on the indicator ATR (Average true range)

Calculating and placing a stop loss order based on the ATR can be hard to calculate at times when scalping and it would be very convenient to have a feature which takes the current ATR (time of trade entry) and auto sets it at 2.5x the ATR value below/above entry.

Bonus points if the trader can customize the risk parameters. For example changing the stop loss of the ATR from 1.5x or 2.0x the ATR value. Thanks! :)

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Upvoters
Status

In Review

Board

πŸ’‘ Feature Request

Tags

Indicators

Date

Almost 2 years ago

Author

James Goff Jr.

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