1st, ATR by itself is not helpful. You need ATR%. 2nd, a stock could drop 5% a day for 5 days and that would be a 25% drop. So, ATR or ATR% is not enough. You need an MTR (14), which is Max True Range. That will tell you if the stock is actually trading within a range. Because if the ATR% is 5 and the MTR% is 7, then you know it only deviates (or has deviated) from its ATR by 2%. Which means the stock is truely moving 5% up and 5% down day after day after day. That is pure gold to a robotic trader. But if the MTR%-ATR% is too big, the stock is not a good candidate for this strategy. SOLUTION: WATCH LIST RULES: (only loads symbols that meet these conditions) ATR%(14) > 5 MTR%(14)-ATR%(14) < 10 OPEN POSITION RULES: (opens long when both conditions are true) Current Price is at least 5% less than Yesterdays Close Price Current Price is at least 5% less than Todays High Price Current Price is at least 1% greater than Todays Low Price (no use buying until it bounces off the bottom) SET PROFIT GOAL: 5% (close if you make 5%) SET STOP LOSS: 5% (close if you lose 5%) Setting up a strategy like this literally takes a few minutes with CoolTrade, and the automated trader will do all the work. You just sit back and watch. Good luck, Ed