Day Trading with ATR Breakout is a trading system based on ATR oscillator with MA Smoothed.
Time Frame 30 min.
The purpose of ATR in this strategy is find the acceleration of the market. When the market accelerate is more clear for forecasting.
Currency pairs EUR/USD, AUD/USD, GBP/USD, GBP/JPY, USD/CAD, EUR/NZD.
Trading Session: London and New York.
Indicators for build the template
LWMA 5 period, close.
LWMA 13 period, close.
ATR 14 period.
MA Smoothed 8 period of ATR.
LWMA 50 period, close, as filter (optional)
Trading rules Day trading with ATR
Buy
LWMA 5 above LWMA 13
ATR (14) above MA smoothed (8).
Stop loss last swing low.
Make profit when the LWMAs crosses in opposite direction or with predetermined profit target.
Sell
LWMA 5 below LWMA 13
ATR (14) above MA smoothed (8).
Stop loss last swing high.
Make profit when the LWMAs crosses in opposite direction or with predetermined profit target.
Optional (trading only in the direction of main trend) main trend up = LWMA5 > LWMA13> LWMA50, main trend down = LWMA5 < LWMA13< LWMA 50.
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