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Forex strategy "30 min ATR breakout"

Time frame: 30 min
Currency pair: any.
Indicators:
ATR 14
EMA 14 set on ATR 14.

i-FractalsEx: period 3, max bars (500 or any other number - it doesn't matter here).

Steps to set EMA14 over ATR 14 properly:
a. put ATR on the charts as usual.
b. from the Navigator window (on your left) drag Moving Average on ATR and in the settings make sure to put:
- period: 14
- MA method: Exponential
- Apply to: Previous Indicator's Data

Trading plan:

The idea:
To take a trade when the market prepares to accelerate.
This happens in a distinctive cycle where slow conditions by the end of the day (end of the New York session, through the Asian session) are changed by a fresh morning session (right after 00:00 EST).

ATR will help us to anticipate and prepare for that exact moment where the market is about to accelerate, while we'll focus on preparing a breakout range to catch the move.

The rules:

When ATR is reading above 14 EMA - the market is active - that's where we want to be trading.

When ATR is resting below 14 EMA - there isn't much activity going on - that's where we don't need trade.

Use Fractals to set a breakout range. Set a pending order above and below the range when ATR approached the 14 EMA from below and is about to cross (approximate timing here).

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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