Fixed Stops

Fixed Stops is the definitive clean build of fixed stops on a chart: pick an entry point, choose a predetermined rule, and every level — stop, target, disaster backstop — is derived once on the anchor bar and never moved. Worst-case risk is known before entry by construction. From the next bar the exit engine simulates gap-aware: session flatten at the open, price stops intrabar (stop checked before target), time stop at the close — first trigger wins.

How to Trade the Fixed Stops?

• Stop hit: the position closes at -1R; a gapped level fills at the open and the dashboard flags it.
• Target hit: the R-multiple objective filled — 2R by default.
• Disaster level: reaching the wide backstop means the primary exit failed or a move ran away.
• Stop vs Noise: the dashboard expresses the fixed distance as an ATR multiple; a stop inside recent noise gets hit by ordinary fluctuation.

Fixed Stops Settings

• Entry Point: time and price anchor picked by clicking the chart; draggable afterwards.
• Direction (default Long) and Entry Price From (default Clicked Price): side, and whether the clicked level or the Anchor Bar Close defines entry.
• Position Size (default 0): units held — required by the Currency Risk basis.
• Stop Basis (default Percent of Entry) with Percent (2), Points (10), Ticks (40), Currency Risk (100): the predetermined distance rule.
• Target (default on) with R (default 2): objective as a multiple of the stop distance.
• Disaster Stop (default on) with × Stop (default 3): the catastrophic backstop.
• Time Stop (default off, Bars 20) and Session Close (default off, window 1545-1600): the clock-based exits.
• Show Dashboard (default on) with Stop vs Noise ATR Length (default 14); Risk / Reward Zones, Level Labels and Line Width (default 1) cover the visuals.

Frequently Asked Questions

Why use a fixed stop instead of a volatility-based one?

A fixed rule makes risk identical and known on every trade, but the same setting lands within a volatile symbol's noise and far beyond a quiet one's. An ATR-Based Stop Distance adapts to that noise; the Stop vs Noise row compares the two.

What does the disaster stop add?

A deliberately wide resting order behind the subtler exits, so an order is always working if the primary logic fails. It draws dotted and alerts when reached — though gaps can fill beyond it.

What is the time stop for?

Every setup has an implicit expiry: a trade going nowhere after the allotted bars ties up capital while its risk stays open. Enabled, it closes the position at that bar's close.