402# ATR Channel Scalping System
Submit by Roby 29/11/2013
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,
ATR Channel (20, 1, Multifactor 0.7);
ZB cloud lines (8-28-34);
Rules for ATR Channel Scalping System
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.
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.