Advanced system #16 (30 min ATR breakout)

FX Trade Station - I don't know if it's possible to drawn EMA on ATR there, sorry.

Regards,
Edward

How can you draw EMA and ATR together on FXCM platform?

Hi Mike,

taking partial profits is a safe and good way of managing your risks. Your TP/SL approach looks good.

Regarding other stop ideas, take a look at this method:
http://forex-strategies-revealed.com/money-management-systems/cci-exit

Best regards,
Edward

Very much.
I tested the system last 3 months. It provides very good signal to entry. But how to put the best stop loss. I think the following strategy works well.
SL to get started: -45 pips
TP for 2 / 3 of the position: 22 pips
If TP gefillt, then for the remaining 1 / 3
SL: -22 pips
TP: 50 pips(or Trailling Stop using ATR or SAR)

What do you use for exit strategies?

Regards
Mike

PS: Sorry for my terrible English.

Wonderful!

Thank you, Mike.

Best regards,
Edward

Hi,
many have the problem, the EMA to lie on the ATR. Tried it once here and there looking for the indicator "ATR Darma". This is exactly the thing we need.
Regards Mike

ATR_Darma.mq4

I don't know.. Sorry, I don't have this one.

Kind regards,
Edward

hye Edward,

where can i found iForexEx indicator?

Along

I haven't heard about such issues before. Try a demo with another broker just to confirm the fact.

Best regard,
Edward

there must some platforms that dont allow dragging certain indicators over others

I use the standard MT4 and I cannot
- drag a moving average indicator over atr (although I can do that with some indicators; rsi, macd, stochastic - I have no problem dragging two or more in one window)
- the moving average does not have the last two options anyway that are in the photo posted by Edward; namely that previous indicator's data, and the first indicator's data.

It's a pity, because I would have been glad to try out this strategy.

Yes, it's valid.
When looking for our first entry, we only need to see ATR crossing above 14 EMA. If at this moment ATR is still reading below 0.0014, it's okay to trade.

Best regards,
Edward

hi, thank 4 sharing, just want to know if the ATR is already below 0.0014 even it cross above the ema, this setup is valid or not? thanks

Sorry. It's 12 noon EST, not broker time.

Regards,
Edward

12 noon for which country?? broker time or EST time?

This means that we don't want to open any new trades after 12:00.

Best regards,
Edward