388# ATR with MACD Scalping System
ATR Breakout Strategy
Submit by FreddyFx 18/10/2013
This Trading System (is an ATR breakout strategy) predicts where there is going to be a breakout in pips by using two main indicators ATR Ratio indicator and MACD indicator.
Time Frame H1 or higher.
Currency pair: EUR/CHF, EUR/GBP, EUR/USD, USD/CHF,
Forex Indicator
1. Set your MACD indicator to 5, 15, 1.
2. Set your ATR Ratio indicator (7, 21, level 1)>1
This system is great because it’s able to get you in before the breakout happens and is great at predicting when the pip gaining is over.
Rules for ATR and MACD Scalping system
Long Entry
MACD Indicator >0
ATR Ratio Indicator >1.0
Short Entry
MACD Indicator <0
ATR Ratio Indicator >1.0
Exit position options:
Exit your trade exactly when the MACD changes direction and ATR both turn and go
below <1.
Fast Profit Target 7-15 pips.
Place initial stop loss
This trading system is also good for trading with Binary options High Low (see).
In the picture below MACD with ATR Scalping System in action.
MACD with ATR Scalping System
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Forextradingstrategiesresources (Friday, 18 October 2013 23:35)
Buy
the ATR should be greater than 1 and then the MACD turns from <0 to >0
Sell
the ATR should be greater than 1 and then the MACD turns from >0 to <0
Exit, fast profit target. Look here, there is another version (Binary Options Strategy n°26).
Thanks
admin
jerome (Friday, 18 October 2013 21:18)
well... the sample screenshot is too small.
then, can you explain more in depth the strategy?
did you open when the ATR cross the 1 line? or does the ATR should already be greater than 1 and then the MACD turns from >0 to <0?
do we wait for the candle to close?
I can see a lot of bad signals with this strategy, so some details are missing. but appear to be a good strategy.