ATR, Volatility System, Section III
Thanks for your quick response Dale. Sure is interesting stuff working my way through the book.
I have a couple of questions on Section III though.
1, The book details how to calculate ATR. Is it not the case now that our brokers software package caculates this for us saving us a bit of work here? We can use the current ATR supplied by the broker?
2, If I understand it correctly, ATR x C (a number between 2.8 - 3.1) gives us our SAR point when added or subracted to the last SIC? This SAR point is only valid to a close so essentially, we would really be trading without Stops if using this system? Good discipline required me thinks.
Thanks and Regards
Boca
|