FXProSystems
Back

ATR Stops with Magic FX - trend following trading system

Published: 29.11.2018
3
6797

ATR Stops with Magic FX is based on two indicators, of which, in fact, the name of the strategy consists of. The idea of the strategy is to generate signals to enter the market using the ATR Stops indicator and filtering with the Magic FX indicator. The system can be used on all timeframes, but the author recommends H1.

Characteristics of the ATR Stops with Magic FX
Settings for indicators

For the ATR Stops and Reverse indicator, depending on the timeframe used, the following settings should be applied:

  • for М5: Time frame - 15 Minutes, Triple Exponential moving average - TEMA, ATR period 10;
  • for М15: Time frame – 30 Minutes - 1 Hour, Triple Exponential moving average - TEMA, ATR period 10;
  • for Н1 - Н4: Time frame - 1 Hour, Triple Exponential moving average - TEMA, ATR period 10.

Magic Fx - default settings.

Lower Indicator - Market Hour is informative in nature and is required to clarify the current trading session.

Rules of trade by ATR Stops with Magic FX

BUY:

  1. Green line from the ATR Stops
  2. Appeared a blue vertical line from the Magic FX

atr-stops-with-magic-fx-buy

SELL:

  1. Red line from the ATR Stops
  2. Appeared a red vertical line from the Magic FX

atr-stops-with-magic-fx-sell

Stop Loss is set at a distance of 2 pips from the line of the ATR Stops indicator.

Take Profit is set according to the trend, depending on the currency pair and timeframe. It is possible to close a position when an opposite signal appears or when the price reaches one of the pivot levels.

ATR Stops with Magic FX is a fairly simple system, with simple and clear rules that are accessible even to beginner traders. But no less, before using this system on a real account, be sure to test it on a demo.

Subscribe to be informed of new articles:
Enter your email address:

In the archive ATR_Stops_with_Magic_FX.rar:

  • ATR - Stops1.01 (mtf + alerts).mq4
  • FIB - MarketHours.ex4
  • Magic Fx Formula.mq4
  • Pivot_Points_-_Daily_sShiftedd.ex4
  • ATR stops with Magic FX.tpl

Free Download ATR Stops with Magic FX

,
Author:
Daniel
Share
Related Post
Comments:
  • WENDY
    Published: 13.01.2019 Reply to the message

    Fichier absent.pouvez vous disponibiliser ce fichier pour telechargement?

  • danny
    Published: 14.02.2019 Reply to the message

    hola muy buenas intente descargar ATR se detiene con Magic FX - tendencia siguiendo el sistema de comercio pero me da error me gustaria que habiliten los archivos muchas gracias

  • Daniel
    Published: 05.03.2019 Reply to the message

    The atr stop indicator is really great but what does "alert on still opened bar mean?" and the "price = close" mean in the indicator options. Thanks a lot for the good work

Name
Please enter your last name and first name
E-mail
No spam, we promise
Message text
By submitting this form, you agree to the political confidentiality and rules of our site.