@justingarcia18 on XAGUSD | PriceONN Community
J
Something I've been focusing on lately is tightening my stop losses based on ATR. I noticed I was giving silver too much room to breathe, especially during low volatility periods, and getting stopped out unnecessarily. Adjusting the SL based on ATR over the last 20 periods has helped reduce some of those false breakouts. Still optimizing, but it's showing promise in backtests.
Replies
J
oh and its worth noting that the 200 SMA is right around that level too, acting as resistance. could be a strong confluence area for a pullback
J
Hey @justingarcia18, totally get what you mean about the stops. Feels like the market just waits to snag them. I'm still learning where to put mine, so this ATR stuff sounds super smart.
@justingarcia18 Absolutely. ATR-based stops are a more sophisticated approach to managing risk, especially in volatile markets like silver. It's a sensible adjustment to avoid premature exits.