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How to Use ATR Indicator to Set Stoploss?

Last Updated: May 9, 2022

By Rayner Teo

In this video, I explain to you how to use the ATR indicator to set a stop-loss for my trades.

How to Use ATR Indicator to Set Stoploss?

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Thanks for the video.But I find out different level on different TF. Which TF you think that I can follow.

I would suggest using the ATR on your entry time frame.

Hi Rayner,

Your video is so clear and straight foreward… Thanks for the good work! stop loss 2 ATR … 60 pips and 30 pips respectively.

How many pips for stop loss if GBP/USD pair, TF=1Hr, ATR value is 0.00184. Sold GBP @ 1.55873?

Thanks!

-AL-

Rayner says:

July 7, 2015 at 10:32 pm

Hi al,

Thank you for your kind words, glad it helped.

For GBPUSD 0.00184 = 18.4 pips

So just add 18.4 pips to 1.55873 and you should get 1.56057

Rayner

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Hello Rayner, Thx for your video.
Why did you choose ATR20 ? why not 14 for exemple ?

Rayner says:

April 16, 2018 at 9:12 am

There are 20 trading days in a month.

Reply

Thanks Rayner,

I can’t find ATR Stop in my chart, however there is Chande Kroll Stop. Are they the same?

It says Chande Kroll Stop uses ATR… there are 3 types of setting

P
X
Q

Rayner says:

March 5, 2019 at 8:28 pm

I think they are the same. You might want to clarify with your platform provider with it.

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hey rayner my ATR value 10.2565 and chart value in some stocks 1356.28 .how to add ATR value with chart value . how to set stop loss here.

Hi Rayner, after I add 1 ATR to my stop loss, my risk is more then my reward for the majority of my trading setup. Should I not enter the trade in such a situation?