ATR TP/SL

Average True Range (ATR) is used to set dynamic Take Profit (TP) and Stop Loss (SL) levels relative to market volatility.

In Pegasus and Kirin strategies, you have an option use to ‘ATR TP/SL’ instead of default TP/SL.

Overview

Setting TP and SL based on ATR allow the strategy to adapt to changing market conditions.

‘ATR Length’ is the length of the ATR indicator.
‘ATR Multiplier’ is the multiplier of the ATR indicator.
‘ATR RR’ is the risk/reward ratio you needed. It is recommended to set it to 1.5 or higher.