402# ATR Channel Scalping System

ATR Scalping

 

Submit by Roby 29/11/2013

 

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.


 

This is an interesting idea of trading that can be improved.

ATR Channel Scalping System (Template and Indicators)
ATR Channel Scalping System.rar
compressed file archive 12.5 KB
ATR Channel Scalping System
ATR Channel Scalping System
ATR Channel Scalping System
ATR Channel Scalping System

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