The ATR Indicator Is The Single Best Indicator Forex Traders Can Have (Use It or Lose It)
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- Опубліковано 30 чер 2024
- I have tested thousands. The ATR indicator won. The Average True Range Indicator, or the ATR Indicator for short, if used the right way, is something every Forex trader should use on every single trade.
Problem is, most of you who do use it, use it wrong. The number is all you need. It is the #1 money management indicator out there, and since money management is everything, the ATR indicator takes the #1 spot on our list, and it's not even close.
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I'm 3 months in to testing my system, and man the ATR is the best thing ever. I was skeptical when I first watched this video months ago about it being the best indicator in the world. I now understand how awesome it is using it for every trade. It has made me realize how barbaric my old ways of finding a profit target and stop loss target were
Please can you give more information about this indicator.
So how do you enter or exit ?
I have a question, sometimes MT4 does not let me use the SL based on VP calculations (1,5*ATR) Its shows an error message saying Stop loss and Take profit shoud be highet than XXX pips. PLEASE HELP!!!!
All these downright LAZY people who dont bother finish all the content before commenting
@@rafaelmalate7938 it has nothing to do with enter or exit your trade. it's basically for money management
Another REALLY FUN thing about the ATR: You can easily call out the forex scammers. For example some telegram scammer will say : CADJPY ACHIEVED TARGET +320 PIPS, but then you look at the 10 day ATR and you can tell the pair didn't move more than 130 pips for the past 10 days, so when you message the scammer's ''support'' asking them where did those extra 190 pips came from, you end up getting blocked for some reason (true story, happened to me 2 days ago)🤣
Wow thats crazy
It's "average". It doesn't say how much it moved during the past 10 days, it says on average how much it did each day.
So if 1 day it did 1000 pips and the rest of 9 days did 0 pips, the ATR is 100 pips. That doesn't mean it didn't move more than 100 pips
@@AJ-th6zcthe fact he got blocked proves that the scammer is guilty asf
What's so confusing? It just shows the average price of the last few candles so you know how much the market is moving.
I'll give you an example. Let's say you're trading EUR/USD and the candles have all moved 80 - 100 pips in the last couple of days... well you definitely don't want to set a stop loss of 50 pips, you'll be wiped out in one candle.
I'll give you another example. Let's say you're trading EUR/USD and the candles have all moved 40 - 50 pips in the last couple of days... well you definitely don't want to set a profit target of 500 pips, you'll probably never hit your target unless you're in a super trend and you'll probably blow your account.
So to sum up the ATR lets you know the average size of candles at the moment so you can set proper stop loss and profit targets.
This is actually a really helpful comment, thank you
Never thought to use ATR for profiting. Normally, I review charts at a daily frequency in a year timeframe, identifying obvious S/R levels where candles frequently hit, and determine if my risk to rewards ratio make sense setting my stop lost @ 2% + atr value. Most of the time, this prevents me from being stopped out, taking profits where it makes sense. Good post!
Thank you. This is really helpful
Keep it simple. Use a position size calculator. Enter your risk in $ amount, let’s say $100 is your risk per trade. Choose the pair you’re trading. Now use the ATR to identify the stop loss range in pips. Let’s say, 25 pips. Then you input the SL range and it will calculate your lot size. So for EUR/USD for example if you’re risking $100, and the SL value calculated using the ATR is 25, then you will arrive at 0.4 lots.
Now you can split the 0.4 lots in any number of trades or just trade it as a single 0.4 lot trade. There you go. No need for any of these dollar per pip nonsense. Just use the calculator and you get the right lot size in 10 seconds.
Babypips.com has a position size calculator. That’s what I use. (still paper trading). I risk 1%.
ON WHICH platform is this position size calculator?
You have a very good narrating voice, almost like a radio DJ which makes it much easier to listen and understand your videos, very soft and soothing yet confident.😚
Nothing is truer than this. The blog is smooth as well. Love this guy
Live him too
7:17 to the point
should have read comment first. thank you for this.
Video starts at 7:17
All heroes don't wear capes. You my friend are the hero we all need.
Lotsa love for you
Brilliant video. I have been trading for years and I actually use the ATR for profit targets and stop losses, but I never actually looked at it the way you illustrated using it. Makes perfect sense! I am using this in all my trading from now on. Thanks for sharing. I very much appreciate your content. I am now a subscriber.
Yo wassup? How did your trading go after applying this knowledge? Would like to hear your response and about your trading journey..
For those of you who have been with VP since the " beginner's lesson" and still didn't figure out where this guy is heading you please for the sake of God stick with him and be patience and try your best to understand every lesson I can almost guarantee you it will pay off. people Don't have the same brain some people understand fast others very slowly like me i watched the ATR indicator the third time and Finally got it. Yes also surprised when i watched the dirty dozen videos and i was like "this guy is out of his mind" i watched the podcast 3 to 13 and then the core concept and on my way to money management and psychology and Finally technical analysis. Thank You VP.
You still reply the question from 5 years old video. That's shows your love to teach us trading! ❤
I only just recently stumbled across your podcast and honestly, you've changed the way I trade. I'm still new to this but your "no nonsense" approach is by far THE BEST! Thank you!!
I'm not even half way through the video and you make me laugh so much with your commentary
I love your honesty. My opinion is that no trader is going to tell you 'the golden rule' for profitable trading, but even when you ask them they start to explain something and it's obvious they are hiding a lot. Thank you for saying no to us directly without feeling bad. That is your limit and we have to accept and respect it.
btw - thank you for all knowledge ! God bless you.
Anja Jug that’s why very Important to kwarta through education platform of to trade.connect me I’ll give you my link if you want to learn ..
VP, very interesting way to "focus on pip value" via ATR. It is an "aha" moment for me. BIG THANK YOU !!!
Your online video coaching has re-wired me on FX know-how!
I'm curiously excited and getting better.
Thanks a million VP.
Love your content and your podcast! I listened to the whole thing in one day! Keep it up bro!
Professional Trader and Teacher, congratulations from Italy!
You hit money management right on it's head for me. I was only into monitoring my margins (which is important), but this has taken my trading to a whole 'nother' level. That info with the forex pairs is priceless! Thank you so much for sharing. Subscribed.
You are brilliant . Hundreds I had listened but none impressed me more than you . Brutally frank and blunt to the point . Never heard before to use 24 day MA of pips as they use the price . Thanks .From now on I Will use AT as advised . Reducing investment 1/3 for 3 times pip value is the cake of logic . Thanks !
its day 3 since if seen this vid and starting using ATR as an indicator. Its so precise im really suprised! thanks!!!
thanks for this and your podcast. im learned so much and still learning
This is the ONLY indicator you'll need EVER!!!! My goodness. It took sometime before everything became obvious. You rock, man!!!
This just blew my MIND!! i have heard so many people talking about the ATR but none actually showing how to apply it....
Thank you SIR!!
i'm from South Africa and i started developing interest in Trading Forex last year, never got what i've always wanted till now....you are the best unlike the others who always shout "i make money"*100.....thank you for such powerful and mind blowing videos
Thanks Again VP, Another Knowledgeable Video.... I Do Not Understand the People that Try and Argue your Technique, Strategy or Style of Trading... You are Giving Out Valuable Information and If they Don't Agree, then Don't Watch the Video... People Just Do Not Appreciate what you are Trying to Do.... I Myself Can't Thank you Enough....
Came here from your podcast, love your stuff
Excellent, Excellent video........Definitely one of the best videos online hands down.......the amazing thing as well is this about the ATR is when you use it to give you a signal that lets you know what pair is past 150% past its extreme Range.......and then only trade that pair or pairs because the probability of a reversal is extremely high now.
Amazing!.....I'll and test this out.
Thanks
@@potatochipappi Best suggestion.....If your trading the 4hour then wait for the weekly atr % to be at an extreme.......If your trading the 30 minute time frame then wait for the 4 hour time frame to first be at an extreme atr level ....... the concept after understanding every time frame is fractal in nature and every time frame is creating macro and micro cycles that are always impulses and corrections then all your doing is using a higher time frames extreme oversold or overbought Atr level and trading the micro cycles within that time frame that is that lower time frame within it....
Wow , that is GREAT Information !. I was doing NONE of the tings you mentioned, that was causing me to lose so much money , Thank you for your information. .
People have been talking about the invaluable worth of the atr in trading, but I never really understood what made it stand out compared to other indicators until I watched this. Thanks.
Just started to listen to you podcast this morning ! Thanks alot ! I'm 17 years old and I really want succes in this game !
You'll make it man. I'm 28 and I started trading late in 2016 with zero financial market experience, and I have begun to find my consistently profitable groove about 24 months in. I wish I'd started at 17. But I wasn't mature enough and had no mentors so I just kinda drifted for 10 years until I found this path and it changed my life. If you stay focused you'll be fine! Work hard, grind it out, watch videos like these, work on your discipline and your skill at reading charts and your understanding of edge, be patient and kind to yourself and you'll be killing it in 1-3 years almost guaranteed. You'll definitely have a head start on a lot of traders.
Most traders fail because they don't put in the appropriate work. And most people don't put in the work because they either never find the right educators or are older and have other commitments/jobs/family, bad habits, bad conditioning and often not enough time to learn. At 17 you have plenty of time to put in the work! And if you're watching this video then you're on the right path, so if you keep your head down it really is just a matter of time. Good luck mate!
“Believe in yourself. Don't quit. And never lose all your money.” - John Moulton
Just dont join iML xd
@@TheArtOfTrading Agreed. Takes work, effort but is enjoyable...
Current progress?
Anyone who understood the concept of this video will not lose money in the long term. Exceptional job VP! - you just solved one of the biggest problems i have been having with stops being taken out unnecessarily when the market is compressed. I have tried ATR to complement my existing algo for position and stop sizing - the result is phenomenal.
I am new for forex and still don't understand, can you explian more about this stratergy please?
Fantastic. I would have never known. Makes a lot of sense.
Thanks man we need people like you.
I agree!
Never ending process if aiming Forex trading skills.... thanks for those mentors who have shared their knowledge to those longing for financial freedom.... kudos!!!
Absolutely...
Thank you very much for helping on deciding the lot size. It really helps.
I love you, Patrick! Thank you for everything! I am finally getting a good grasp on this! Will be back with updates.
Indeed no nonsense, ATR is the tool that I am lacking in my system. Million thanks!
I really needed this vid, thanks mate!! This is gold! Gangster!!!
So this was way easier than I thought it would be to process mentally.
I have watched videos before on the ATR and all those videos did was make me ignore the indicator.
I am 100% certain of I do what you say and it does work, it will be in my weapons bag. Congrats you make me want to try an indicator I don't like.
“What are You Doing! Why are you doing it that Way! The famous VP phrase that rings in my ears before every trade. Thanks VP.
After 4 years from learning from you VP, your channel is the best Forex channel in YT
i wish i could shake this man hand. Respect bro!!! u got me subscribe.
Great video. this video improved my knowledge on ATR indicator. Thank a lot.
VP; once again thank you for the love, care, time and knowledge you put into every video, podcasta nd article, it is a ton of work, big thank you !!!. If I might a question: So the "process" would be: 1) Determine ATR of all 27 pairs, 2) look for best set ups; 3) determine your Risk % of your Account 4) Use the Risk Amount to determine your Position Size based on the ATR value of your pairs ... do I get you right ???
I wish to thank you for your system, using ATR, CMF, Aroon and RVI indicators. I have been trading for quite some time, but this is the first system that I have found that I have total confidence in. It is simply, easy and quick to understand. I am operating on the daily and 4hr time frames and for the first time in a number of years that I am achieving a rate of success that makes the investment of my time and money worth while. Please stay safe in this unstable world. Thank you again
Such a great indicator. Changed my trading completely. I will say though, I find the atr trailing stop (in tos) to be more helpful to me.
really enjoying your channel keep it up mate
very good warning, thank you VP. I'd never considered ATR in evaluating my pip value
Man, VP, I don't how you got to that golden 1.5 ATR ratio, but it is perfect! Especially lately I see so many of my trades having wigs just above my SL and then bouncing. If it were a bit lower than 1.5 ATR it would've been hit, if it were above 1.5 it is just a waste, since most of the times if the price goes beyond my SL it just continues. Can't imagine how much tuning u were doing to this. :D
P.S I am just now being evaluated from a prop firm and hope to get funded. Will write a feedback once it happens for sure!
How did it turn out with the prop firm dude? Looking forward to good news..
so grateful for you, and people like you. cant imagine how much you are affecting peoples lives. i fully expect to go pro within a few years. not kidding either. this is a great resource, free and more valueable than college.
How is the progress?
Subbed! Thanks for such a thorough video. I'm new to the forex world.
Tx VP for sharing with us.
Skip the pep talk, jump to 9:00, and save your time.
Thank you.
Thankyou 🙏
Blessings
This man is telling the truth about the ATR, it leads me to know when and when not to sell. I use it with other combinations and his algorithm for trading, I agree, neither would I share with no one, because it took me hundreds of thousands to loose tradings in order to find my formula.
Thank you very much teacher for your valuable time! I hope to reach your level one day! blessings for you and your family
Thanks for making me understand..this video really had an impact on me
The most important indicator every trader should know about :-)
Without understanding and using ATR you'll keep seeing perfectly good trades never reach your TP and often reverse on you, resulting in hitting your SL or you closing your trade prematurely and only making peanuts instead of real profits...
I used this to set my entry exit points in a trade. it's a great metric
I watched your video when I first started trading and was completely wet behind the ears. After a couple blown accounts and thousands of hours studying I now get it. Thank you for making time to make videos. They have helped.
Always respect your straight forward words. I now understand you. No Nonsense.
He's monologin till 9:00 so you can safely jump there.
Should have listened to the whole thing. I agree and have a modified version of ATR that I use to calculate Stoploss and Takeprofit values as percent of ATR. My math education gave me the method and it has worked better on forward and backtest. I also use it in my automated Lot size risking 1% of account balance per trade.
Thank you very much for sharing your knowledge.
Excellent video! Many thanks! Much appreciated.
"If you trade the 5 minute chart, you clearly hate yourself, and losing money is probably your destiny." hahaha there are SO many hilarious one liners on the blog, anybody not reading it is really missing out XD
Small tip: have ATR on chart, press CTRL+D look where is ATR and you can see it changes number depend on where your pointer is ;)
it is thank you
Finally, after busy days. I came back to watch your videos.
Ok sir. Noted. Very useful information video. Thank you.
Cheers, love you! Thanks. All those indicators made me crazy. It works well until it doesn't work well anymore and blows up your account.
that's the nature of an indicator. this is the game. put time investigate test and beat it, this is not for the lazy. good luck
Thanks for explaining The ATR, I have been learning to trade Forex for 6 months, and after your explanation I followed your instructions and placed a trade and it was a success.
I really appreciate your help.
Mike Clabaugh one successful trade does NOT make a successful strategy. Do 100 trades and report back to determine if it’s successful
Keep it going😏
.. Funny enough, I have heard many but, you sound and experienced and very believable. I going to give it a good try and let you know the results. Thank you ...
Exactly what i was missing! Thanks boss.
the ATR is such a simple indicator and early on, it seemed a bit mundane. i now deviate just a tad from the set-in-stone NNFX rules and use specific parameters surrounding the ATR. you are so correct VP. the ATR is such an important indicator and it instills discipline more than anything else. the ATR should be included in the trading psychology realm.
The other reason he's not giving you his particular indicators is that they're just not all that important. Money management is 100x more important than any indicator you use. Without that, knowing "how" to get winning trades is not going to help you.
Ive done a lot of work with ATR. Its a basic measure. I even used to trade bond futures using it as a part of a breakout system after rigorous back testing. It works ok for setting stops (particularly if you are aligned with the correct market momentum) but can often require wider stops which means less leverage when following money management rules. There are much better ways such as using defined support levels, fibbonaci levels etc which allow tighter stops. I use it as a last resort when those others are not available. Its def not the best and certainly doesnt need to be used for every trade for risk management. It is also used to assess the current volatility of a market in deciding which markets are profitable to trade.
I love the part you say "Ganster" really love your channel I learn a lot here as a beginner trader. Thank you so much for sharing all the knowledge.
My own understanding about forex scalping and investment is working hard. read more, study more and learn more. Work hard till the door of your car opens in a vertical way. that's the true guys, and it's possible with trading when u have a nice strategy. i keep learning everyday with your videos pro trading videos on price actions and also applying the blended model skills in my trade. trading cannot be mastered without first understanding your mind. Being rich is not the same thing as earning a high income.
Balance Risk and Reward probably with a known method and trade within your limit. master Blended model strategy if you wish.
My God this video was like walking out of a cave into direct sunlight. Once again thank you so very much. Of course this also means I'll have to scrap everything that I'd been doing. But what the hell the weekends coming up... so what the heck :)
Realy Nice content on you channel. Ich habe to check all the other Videos🤗greez from germany
I've been binging your podcast all day at work, can't get enough! My successful Forex journey begins right here with your content.
Thank you!
at least you can tell us how did you make your algorithms. the making process. please make video on this
Captain here. Explanation starts at 7:22
I swear it I didn’t think of it in that way thank you. I learn something great
im just starting trading forex your videos are so helpful thanks
At first, i didnt see the importance of atr. Now, i use atr in every trade i do. The real gngster
hello, ive watched the "lets compare" part this vid about three times trying to figure out how to apply it. Is there a certain price per pip that we decide we want to stick to? then when we decide this price, we use ATR in order to figure out what number to multiply or divide our pip value by depending on the pair in order to keep our price per pip consistent with all trades?
TY FOR THIS VIDEO. I am actually using it differently and this video helped me sooo much . I will be checkin out the rest ur stuff. thanks for this my man
Clear and useful video.Many thanks
Found a great way to check for fuck you candles. I added a second ATR(1) so when you hover over the candle you can compare it to the ATR(14). Thank me.
Volatility is key to any financial market. No volatility equals no risk which equals no opportunity. ATR must be one of the most useful indicators out there because of being a volatility indicator.
What other volatility indicators are there?
@@chijiokemadubuko9004 Chaiken money flow bro. Best there is.
Thank you V..... Patrick for your help. I cannot thank you enough.
Damn this was a good video. Answered so many questions I had around how to compare trades to find the true trading value of both that I just didn't know how to word properly to find answers. Thought I was going to have to sit down with a calculator to figure out what this will give me for free. Like a bit of your dry humor in there too.
to be honest, you have made a very good statement here in the earlier part of the video, somewhere around 3.00. I totally agree with you not giving away the algorithm you have created so easily, people tend to focus on the returns of the algorithm and want to get rich in a short period of time, without actually putting effort in it, it is truly tough to design an algorithm which makes consistent profit throughout the entire months/ years, and of course it takes even longer time to figure out the way. Keep up with the good work man, just subscribed to your channel!
I've been using the ATR trust me it is amazing I've backtested it and its always just out of reach of the candles making super useful, its the single most important piece.
My backtesting gets me stopped out a lot at 1.5.
Content is lit jus subscribed
Thanks, VP. I have blown my account a few times already, but this is precious information I really appreciated. I´m sure I will make it. I see trading not only as a way to make money for the moment but to build a retirement also.
This is the missing piece for me, I was winning more trades but the losses I was taking were on the more volatile pairs, and as I was trading with the same pip value for each pair I was barely profitable. Thanks so much VP.
Was just gonna ask if it was still relevant. Sick Ima consume this.
I trade on 0.01 on every pair and still losing.
That was a cool intro lmao. Gangster
Firstly I have to say big thanks to you . Before I was have friend trade only at eurusd and target all position is 200 points only even the position come losing he was make hedge. But at end the result was very great and he never share with us how he trade he was used
Fibonacci and indicator stochastic. After I used ATR I understand well how he work easy and I start at demo to check the results per hour it's great strategy take and run thank you again and again.
Thanks for this video 👍