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
Multifactor 1: 2
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:
August 09, 2019
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