Forex ATR Channels Trading System
Forex ATR Channels Trading System:
Time Frame H1 or higher.
Pairs:all,
Indicators:
MACD (12, 26,9);
ATR Channel (14)
Long Entry:
MACD>0
ATRChannel Crosses up middle Band (red line).
Not to open positition if price is > Blue line.
Short Entry:
MACD<0
ATRChannel Crosses down middle Band (red line).
Not to open positition if price is < Blue line.
Exit Position:
Place stop loss 3 pips above or belowe middle band (red line).
Profit Target 5 pips below green bands, or trailing stop after 25 pips in gain.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex ATR Channels Trading System?
- Download Forex ATR Channels Trading System.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex ATR Channels Trading System?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
