ATR stop loss and target calculator — PAXG

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. PAXG: right now it is 0.33% ≈ 14 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 17,691 hourly bars of 2 years, not over selected trades.

Levels from statistics · entry 4,179 · long
Stop4,137 3 ATR · 0.99%hit in 35% of cases
Target4,207 2 ATR · 0.66%reached in 53% 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
Stop4,1651 ATR · 0.33%66%
Stop4,1512 ATR · 0.66%47%
Stop4,1373 ATR · 0.99%35%
Stop4,1234 ATR · 1.33%27%
Stop4,0966 ATR · 1.99%16%
Target4,2072 ATR · 0.66%53%
Target4,2203 ATR · 0.99%39%
Target4,2344 ATR · 1.33%29%
Target4,2626 ATR · 1.99%18%

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.