Where are the Snap Trades stop and target? When do I get out?
Quick answerThe stop is 1.5 ATR from the entry and the target 3 ATR, twice the risk. Neither reached, the trade closes at the 15:45 candle's close. It is never held overnight.
The details
- Entry: the close of the candle that broke the range.
- Stop: 1.5 ATR from the entry.
- Target: 3 ATR from the entry, twice the risk.
- Time: still open at the 15:45 candle, it closes at that close. Never overnight.
No partial exit. The TradingView script closed at noon; holding to the close is what tested better, so that is what Snap Trades 2.0 calls (what changed in 2.0).
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