Last updated: May 8, 2025

ATR Channel Forex Breakout Strategy

This system is a breakout method that works on a 4 hour timeframe and works on ane currency pairs.

Forex INDICATORS AND SETTINGS:

• ATR periods 20
• MA 50;
• Multifactor 1: 2
• Multifactor 2:2
• Multifactor3:0
• ADX WMA histo setting:
• ADX VMA (10.0 period);
• ADX VMA (4, price);
• ADX VMA trend true.

For Buy Entry:

• Take trade at the opening of the next open bar, if on previous bar closed.
• Price must close above the entry level, that is above the top of the channel.
• ADX VMA bars are deep sky blue.

For Sell Entry:

• The opposite entry of LONG but with ADX VMA bars are orange Red.

Exit with stop loss 50-60 pips and profit target with ratio 1:2 but after 70 -80 pips in gain move stop loss at the entry price.

For day time frame exit position setting:

• stop loss 130-160 pips profit target with ratio 1:2 180-300 pips.