ATR stop loss and target calculator — GBPUSD

Updated

Statistics cover every hourly candle of the last two years, not only notable events: entering on an ordinary hour is an almost symmetric bet, and the numbers below say how often each level was touched over 24 closed hourly candles.

Stop and target are computed from your entry price in ATR units — the ordinary hourly range. GBPUSD: right now it is 0.14% ≈ 0.0018 of the entry price. The odds next to each level are the share of cases where price reached that level within the next 24 hours; computed over all 12,576 hourly bars of 2 years, not over selected trades.

Levels from statistics · entry 1.3185 · long
Stop1.3131 3 ATR · 0.41%hit in 37% of cases
Target1.3222 2 ATR · 0.27%reached in 54% of cases
An entry with no event behind it is a nearly symmetric bet: the odds up and down from a random hour are close. These levels tell you how tight your stop is for the instrument’s ordinary noise, and promise nothing about direction.
LevelPriceDistanceOdds
Stop1.31671 ATR · 0.14%76%
Stop1.31492 ATR · 0.27%54%
Stop1.31313 ATR · 0.41%37%
Stop1.31134 ATR · 0.55%25%
Stop1.30776 ATR · 0.82%11%
Target1.32222 ATR · 0.27%54%
Target1.32403 ATR · 0.41%36%
Target1.32584 ATR · 0.55%24%
Target1.32946 ATR · 0.82%10%

Market Magnitude shows statistics of past hourly moves computed on closed candles. It is for informational and educational purposes only and does not constitute investment, financial or trading advice or a recommendation to buy or sell any instrument. Past performance is not indicative of future results. Trading involves substantial risk of loss; you make all decisions independently.