Forex Timing ATR Breakout Trading Strategy
Forex Timing ATR Breakout Trading Strategy;
Channel Breakout ATR is a trading system based on volatility ad the breakout. This system is based on the indicator of breakout.
Tips: For this strategy is very important find the currency pairs in trend with a good angle.
Time Frame 15 min or higher.
Markets: Stocks, Forex, Commodities and Indicies.
Channel Breakout ATR default setting.
New ABHAFX Timing.
Trading Rules for channel Breakout
Place a pending buy order 2 pips above the green dot.
Place a pending sell order 2 pips below the green dot.
Why, the entry of green dot?
Because it is safer with fewer false receipts.
Place initial stop loss on the previous swing high/low or 2 pips above/below the setup bar.
Profit Target ratio 1:1 but for high profitability ratio 0.3:1 example if you stop loss is 30 pips you profit target is 10 pips.
Tips: for management position you can use an EA trailing stop.
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 Timing ATR Breakout Trading Strategy?
- Download Forex Timing ATR Breakout 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 Timing ATR Breakout 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”.