ATR calculations
Hey David,
Again, thanks for everything. I have a question about position sizing using the ATR indicator. In your oil example, the ATR is $2.55 and a pip is $10 per contract. Now I apologize if this is answered somewhere in the forex section and I overlooked it but, if the ATR reads off as say 0.0144 would I enter it into the equation (for simplicity sake, oil @ the same $10 pip) as 10x0.0144? Also, USD is always a straight forward example because of the simplicity/familiarity or the currency, but do you have a trick or a link to somewhere that could help me anticipate the pip value for currencies that I am not as familiar with, like the NDZCHF. As you can imagine, the ATR position sizing method becomes a bit more difficult without knowing how much each pip is going to cost/earn you.
Thank you,
Stephen
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