ATR Breakout Strategy

Originally from ticket #2336.

Hi Support-

Maybe I will need to wait for the pending tutorial video, which Tom is
creating, or maybe you can direct me here in the meantime:

(attached are two snap shots showing NQ1)

- What do I need to adjust to correct the trades, as they are often losers
?
(Many of the instruments are losers; I thought I'd perhaps get some basics
adjusted here by asking about NQ1 first, please ? )

- Do I need to adjust trailing stops; stops; or something else ?
- Also, what is smoothing ?

Regards,

Duke

We cannot advise on how to trade or offer investment advice - only how to provide settings to match how you want to trade -
or what happens if you change various settings in terms of strategy profile/ behaviour.

"What do I need to adjust to correct the trades, as they are often losers "

Your thinking and dialogue is not correct -
What evidence do you have that the trades are not correct?
What explaination do you have for arriving at the that opinion?

With a trend following system - that is the whole premise to let winners run - you might not be psychologically suited to that approach and need to try something else.

Typically this means you have low win ratios and high positive risk reward. If the system is viable with many losers then it is configure correctly.

You are setup to trail along the ATR so you let winners run - that is the correct premise

to change the premise and try to increase winners will actually probably be the reverse of what is needed.
You can configure by moving in the stop tighter or having a target for a higher win ratio but you will have a low risk reward - and that may not be viable.. but that wont work with this system as easily - but you can try it by bringing a breakeven stop loss - or changing the trail type- of having a tiny target in place

Note: on the chart there is a gray line and the trade exited instead of continuing -

it also looks like you have the strategy to "Exit on close"
To trail overnight set "Exit on Close" in general parameters order handling

The setting you have looks fine in terms of premise and starting - Try the same setting on different dataseries - ie a higher one 30minutes, 60 minutes - or even daily bars.
or 20 tick range/ sbs renko etc...

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