Hi Chris,
I just went back through all of my US and Aussie Stock trades for the last 4 months, and looked at what would have happened had i managed them with the ATR Stop instead of WPT's. In both cases i still moved stop to breakeven at 100% initial risk, but managed them different from then on. All results are closed trades including commisions.
Managed with WPT's
Trades 59
Win 16
Loss 20
B/E 23
% Win 46.61
Ave R Win 2.86
Ave R Loss 1.09
Total R Gain
23.79
Expectancy
0.40
Managed with 3ATR Stop
Trades 59
Win 15
Loss 20
B/E 24
% Win 45.76
Ave R Win 4.67
Ave R Loss 1.10
Total R Gain
48.12
Expectancy
0.82
Results certainly seem to be pointing to using the ATR and letting the profits run. However, this is only a small sample, as it only really affects the wins, so i only have 15 of these for comparison. Also, stocks have been in a pretty strong uptrend. Would be interesting to find out from others how the ATR and WPT's stack up on their trades. From now on, i'm using the ATR
Cheers
Matt