ATR Stops with Magic Fx is a trend following strategy based on two indicators: ATR Stops and Magic Fx. The purpose of this strategy is to find on good filter for Magic FX that I belive on good indicator for entry in the market. The solution to this question was to use the atr stops and reverse for its main feature to follow the trend of the market price well.
Options:
Buy
In the pictures ATR Stops with Magic Fx in action
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Options:
- Time Frame 5 min or higher with different setting.
- Currency pairs majors.
- Best time frame 60 min.
- Trading sessions for 5 min time frame 9:00 GMT – 20:00 GMT.
- Market hours for 5 min time frame only London session.
- ATR Stops and Reverse
- setting 5 min time frame
Time frame 15 min – Triple Exponential moving average - ATR period 10. - setting 15 min
Time frame 30-60 min – Triple Exponential moving average - ATR period 10. - setting 60 min-240 min.
Time frame 60 min – Triple Exponential moving average - ATR period 10.
- setting 5 min time frame
- Magic Fx default
- Pivot points levels indicator.
Buy
- ATR Stops green line
- Magic FX blue line.
- Exit position at opposite signal or at the pivot level.
- For 5 min time frame recommended profit target predetermined
- Stop loss 2 pips below line ATR Stops.
- Otional entry: signal Buy blue line but ATR red. entry when appears the green dot of the ATR.
- ATR Stops red line
- Magic FX red line.
- For 5 min time frame recommended profit target predetermined
- Stop loss 2 pips above line ATR Stops.
- Optional entry: signal Sell red line but ATR green line . entry when appears the red dot of the ATR.
In the pictures ATR Stops with Magic Fx in action
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