Too Long; Didn't Read
Author: "Conventional wisdom" tells you to always use volatility stops with Average True Range (ATR) Instead, dollar based stops, or ATR volatility (Average True Range) stops, are dollar-based stops. Author: Dollar based stops actually work better than ATR stops. He says he is going to analyze dollar stops and volatility stops, in three parts: part 1, part 2, part 3: Introduce some new ideas and ways to incorporate the best features of both stops and ATR.