ATR Stops with Magic FX - trend following trading system

ATR depends on two pointers ATR Stops and Magic FX , The possibility of the technique is to create signs to enter the market utilizing the ATR Stops marker and separating with the Magic FX pointer. The framework can be utilized on all time periods, yet the creator suggests H1 We tried on 5M and 15M saw the sign as very great, however one must regard the Pivots focuses and key obstruction/bolster zones additionally exchange during top hours on the 5M time span. The download document contains turn pints pointer and format

ATR – Stop1.01

FIB – MarketHours

Magic FX Formula

Pivot_point_-_Daily_sShiftedd.

ATR Stop with Magic FX Template

Settings for indicators for M5, M15 and Hour 1

ATR Stops and Reverse markers, contingent upon the time allotment utilized, the accompanying settings ought to be applied: For the M5 - 15 Minutes Triple moving normal - TEMA, ATR Period 10 For the M15 – 30 Minutes Triple moving normal - TEMA, ATR Period 10 For the H1 – H4 Triple moving normal - TEMA, ATR Period 10 Enchantment FX use default settings Lower pointer in the diagram is the Market Hour data is there to affirm the present exchanging meeting valuable when exchanging 1 Hour time allotment

Chart Timeframes : 5M 15M 1H recomended
Target Pips : 5M 10pips, 15M 20 pips 1Hour.
Pairs : Works on any pair recommend are GBPUSD, USDJPY, EURUSD 
Trading Times : Tokyo Open, London open and New York open is the best time to open the trades, 
Exits : The exit should be based on the indicators and major support and resistance areas
Metatrader Version : 4

How to use the system

Settings for markers for M5, M15 and Hour 1 ATR Stops and Reverse markers, contingent upon the time allotment utilized, the accompanying settings ought to be applied: For the M5 - 15 Minutes Triple moving normal - TEMA, ATR Period 10 For the M15 – 30 Minutes Triple moving normal - TEMA, ATR Period 10 For the H1 – H4 Triple moving normal - TEMA, ATR Period 10 Enchantment FX use default settings Lower marker in the outline is the Market Hour data is there to affirm the present exchanging meeting helpful when exchanging 1 Hour time allotment

Buy Order

1. Green line from the ATR Stops

2. A Blue Vertical line from the Magic FX

Sell Order

1. Red line from the ATR Stops

2. A Red Vertical line from the Magic FX

Stop loss is recommended at 2 pips from the ATR Stops Indicator line

Take Profit is set as next level of resistance / support or when opposite signal appears