5 Ways to Calculate a Stop When You Don’t Have a Level to Work Off.
Here are some 5 ways to set a stop loss when you have no clear level to work off. How do you place a stop loss? How do you determine where you place your stop loss? Generally we set our stop above or below a key level. And that's nice and very definite. But how do we set a stop when we don't have any clear levels to work off? OK.
Determining Where to Set Your Stop-Loss
1) % of Range
2) Multiple of ATR
3) Lowest candle range
4) Prior Day/Month High/Low
5) Average rotation
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