Advanced system #16 (30 min ATR breakout)
Submitted by Edward Revy on October 25, 2010 - 15:09.
Time frame: 30 min
Currency pair: any.
Indicators:
ATR 14
EMA 14 set on ATR 14.
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Submitted by Edward Revy on October 25, 2010 - 15:09. Read entire post >>> |
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Good Method Edward i must say, will start testing it from tomorrow.
Can i trade it anytime, when ATR goes below EMA during whole trading day?
Here are rules what i observed:
1: Mark the range when ATR cross below and is below EMA, and mark the high and low of range.
2: When ATR is near to break above EMA set pending orders at High/Low of range.
3: SL other side of box.
4: TP 1st size of range. 2nd when ATR cross back below EMA. 3rd When ATR goes below 0.0014 set trailing stop.
Regards,
faisal
Hi
Great method and idea.
I have a question though....how do I save your article for future reference?
I tried right click but unable to select and save.
Thanks.
Newboy
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