Capture true range expansion with MT4 ATR
Hello today!
This is Satori investigating FX.
The cold days continue, don’t they.
I hear there has been heavy snow on the Japan Sea side as well, so please take care not to catch a cold.
The figure below shows an example of a buy signal from the ATR indicator on the EURUSD 15-minute chart and the timing of the entry by the EA.
In the figure above, the shaded arrows indicate the open-time signals that occur at the bar’s opening price.
Additionally, arrows with a hollow frame and real-time signals are also displayed.
When the blue ATR line in the sub-window is above the blue dotted horizontal line and the EMA slope is upward, the indicator shows an upward arrow, and the EA places a long position.
The figure below shows examples of sell and buy signals for EURUSD on the 15-minute chart and the timing of the entries by the EA.
When the blue ATR line in the sub-window is above the blue dotted horizontal line and the EMA slope is downward, the indicator shows a downward arrow, and the EA places a short position.
The figure below shows the signals on the USDJPY daily chart and the timing of the entries by the EA.
When the blue ATR line in the sub-window is above the blue dotted horizontal line and the EMA slope is downward, the indicator shows a downward arrow, and the EA places a short position.
The figure below shows the signals on the USDJPY daily chart and the timing of the entries by the EA.
When the blue ATR line in the sub-window is above the blue dotted horizontal line and the EMA slope is upward, the indicator shows an upward arrow, and the EA places a long position.
Sell is the reverse of this.
Since ATR = Average True Range, if you enter while ATR is expanding, you have a higher chance of riding the trend.
The direction of the entry is determined by the EMA slope to decide buy or sell.
The EA and indicators used this time are as follows.Since ATR = Average True Range, if you enter while ATR is expanding, you have a higher chance of riding the trend.
The direction of the entry is determined by the EMA slope to decide buy or sell.
“MT4 ATR Indicator Separate Sell EA for Catching True Range Expansion, Currencies, Free Chart Version”
http://fxmt4indicator.abproducts.biz/wp/?page_id=2439
Thank you very much for reading up to today as well.
Take care and stay well.
Technical Trading Blog Ranking
＜Seminar Information＞
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[February 11, 2018, 14:00開催]
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At the above seminar, as a participant benefit, an EA using EMA slope and crosses,
and indicators will be provided as teaching materials as-is!
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Issuer: Art Brain Products
FX Technical Strategy Researcher
Satori Heart
Email: info at mark abproducts.biz
Blog: Fibonacci Retracement FX Investigation:
Indicators, Tools, and EA:
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