Using the ATR Ribbon
There's an alternative to entering using the signal candle wick.
As was described in the previous section you can put your stop-limit buy order right on top of the wick. However, there's an alternative option which can reduce the likelihood of false entries. As is described in the overview of the indicator's settings you can enable the ATR Ribbon which can then be used to provide an entry:
Entering a trade using the ATR Ribbon as the stop-limit order value.
Using one or the other methodology is completely up to personal preference of the trader. There is no set rule that dictates when to use which one defined within the TrendMaster system. We would highly recommend each trader try out these methods and base their own preferred way of doing it on personal preference.
Last modified 4yr ago