What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Average True Range

Score

-2.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 5 73.0 0.00% 0.00% 0.0% -27.8% -138.8%
SHORT 5 96.8 0.40% 0.67% 16.0% -27.6% -50.7%

Summary

Technical Analysis


Average true range (ATR) is a technical analysis volatility indicator originally developed by J. Welles Wilder Jr. for commodities. The indicator does not provide an indication of price trend simply the degree of price volatility.

Calculation: Average True Range (ATR):
1) Current ATR = [(Prior ATR x 13) + Current TR] / 14;
2) Where TR = max[(high-low) abs(high-close previous) abs (low-close previous)]


PROFILE: Metals X (MLX.AX)


Stock Exchange: ASX
Company: Metals X
Ticker Codes: | MLX.AX | ASX:MLX |

About Metals X (ASX:MLX):

Metals X Limited engages in the operation of tin and copper mines; and exploration and development of base metals projects in Australia. It operates through Renison Tin Operations, Wingellina Nickel Project, Nifty Copper Operations, and Maroochydore Copper Project segments. The company holds a 50% interest in the Renison tin project located the west coast of Tasmania; and interest in the Nifty copper project and the Maroochydore copper project in Western Australia. It also holds 100% interests in the Central Musgrave project that covers an area of 1,957 square kilometers of exploration tenure, including the Wingellina nickel deposit, the Claude Hills nickel deposit, and the Mt Davies exploration prospects located in the Central Musgrave Ranges. Metals X Limited was incorporated in 2004 and is based in Perth, Australia.

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Average True Range

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