ATR Channel Forex Breakout Strategy








This system is a breakout method that works on a 4 hour timeframe and works on ane currency pairs.

Forex INDICATORS AND SETTINGS:

  • ATR periods 20
  • MA 50;
  • Multifactor 1: 2
  • Multifactor 2:2
  • Multifactor3:0
  • ADX WMA histo setting:
  • ADX VMA (10.0 period);
  • ADX VMA (4, price);
  • ADX VMA trend true.

For Buy Entry:

  • Take trade at the opening of the next open bar, if on previous bar closed.
  • Price must close above the entry level, that is above the top of the channel.
  • ADX VMA bars are deep sky blue.

For Sell Entry:

  • The opposite entry of LONG but with ADX VMA bars are orange Red.
Exit with stop loss 50-60 pips and profit target with ratio 1:2 but after 70 -80 pips in gain move stop loss at the entry price.

For day time frame exit position setting:

  • stop loss 130-160 pips profit target with ratio 1:2 180-300 pips.

How to install ATR Channel Forex Breakout Strategy?


  • Download ATR Channel Forex Breakout 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
  • Right click on your trading chart and hover on “Template”
  • Move right to select ATR Channel Forex Breakout Strategy
  • You will see ATR Channel Forex Breakout Strategy is available on your Chart

Click here below to download:

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