Trend Trading Strategy ATR Trend Strategy
Trend Trading Strategy ATR Trend Strategy - is a classic trend-following system based on the Moving average, Parabolic SAR and ATR indicators. The strategy is suitable for all currency pairs and almost any timeframes.
The author of the strategy recommends to determine the direction of the trend on the H4 timeframe, and then open transactions only in its direction.
Input parameters
- Currency pairs: any
- Timeframe: any, M30 and H1 are recommended
- Bidding time: any
- Risk management: after calculating the stop-loss, choose this lot sizeto risk no more than 2-5% of the deposit per transaction
Used indicators
- MA Color (period)
- ATR Stop V.3 (20, 2)
- Simple moving average (60, median price)
- Pivot point levels
- Dots color
- Xsupertrend candle
Setting up the price chart
- Unpack the archive
- Copy the template into the templates folder
- Copy the indicators to the folder MQL4 -> indicators
- Restarting the terminal
- Open the chart of the desired currency pair
- Install a template named ATR Trend
The schedule should look like this:
Signals indicating the opening of a long position
- Price is higher moving average with a period of 60;
- The MA Color indicator is blue;
- Xsupertrend candles are green;
- Dot colors indicator points below the price;
- Points indicator ATR Stop blue and below the price.
Signals indicating the opening of a short position
- The price is below the moving average with a period of 60;
- The MA Color indicator is red;
- Xsupertrend candles are red in color;
- Dot colors indicator points above the price;
- Points indicator ATR Stop white and above price.
Setting Stop Loss and Take Profit Orders
- stop loss is set near the points of the indicator ATR Stop: blue - for buying, white - for selling;
- Take Profit is set at 20-25 pips or about the pivot level.
Before using ATR Trend Strategy If you have a real deposit, be sure to test it on a demo account.
Download ATR Trend Strategy template and indicators