Forex ATR Cloud Trading Strategy
Forex ATR Cloud Trading Strategy;
ATR Channel scalping system is an forex strategy based on ATR Channel and the ZB Clouds lines indicator,this is a trend indicator.
For a conservative trading approach, trades in direction of the trend.
Setup for time frame 30min and 60 min
Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/CHF,
Metatrader indicators:
ATR Channel (20, 1, Multifactor 0.7);
ZB cloud lines (8-28-34);
Rules for ATR Channel Scalping System
Buy
The price is above the ZB Cloud lines;
Wait that a Red candlesticks candle closes below the ATR lower band and buy at the opening of the next bar.
Sell
The price is below the ZB Cloud lines;
Wait that a withe candlesticks candle closes above the ATR upper band and sell at the opening of the next bar.
Initial Stop loss 20 pips.
Profit Target 25 pips after 17 pips in gain move stop loss at the entry point.
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 Cloud Trading Strategy?
- Download Forex ATR Cloud Trading Strategy.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 Cloud Trading Strategy?
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”.
