HomeForex MarketAtlas Momentum Foreign exchange Buying and selling Technique

Atlas Momentum Foreign exchange Buying and selling Technique


“It’s higher to be late to enter a development than to enter a fallacious commerce.” This is likely one of the issues {that a} mentor dealer stated that caught with me. That is the thought behind ready for affirmation when taking development reversals.

When you would come to think about it, buying and selling development reversals is already a really troublesome job. Merchants are sometimes taking trades which might be towards the present development course. Taking trades with no affirmation is rather like betting that worth would reverse on a sure space with none indications that worth will reverse. Typically, merchants would await worth to point out indicators of reversal previous to taking a commerce of their predicted course. The drawback with taking this method is that merchants could be giving up some income as they’re ready for worth to maneuver of their course a bit, previous to taking the commerce.

On the flip aspect, there are additionally merchants preferring to take trades as worth enters the zone the place they count on worth to reverse. The argument is that they’d quite have a excessive reward-risk commerce setup on the expense of a decrease win charge. Both means each approaches may work.

Atlas Momentum Foreign exchange Buying and selling Technique is a development reversal technique that makes use of development reversal alerts coming from two dependable indicators. It additionally requires merchants to look at worth motion momentum with a view to verify a possible development reversal. This ends in a better likelihood commerce setup based mostly on momentum worth actions which have a excessive tendency to begin a development reversal.

BBands Cease v1

BBands Cease v1 is a development following technical indicator which is predicated the historic motion of worth in relation to a predetermined distance based mostly on commonplace deviations.

This indicator is considerably associated to the Bollinger Bands as a result of it additionally makes use of ordinary deviations to determine the gap which worth ought to transfer with a view to think about a possible development reversal.

The indicator identifies the development course based mostly on historic costs then plots a line reverse the course of the development based mostly on its computation of the usual deviation of the common motion of worth.

The road shifts to the other aspect of worth motion at any time when worth closes past the plotted line. This may point out a development reversal.

This indicator can be utilized as a development course filter, a development reversal sign or a cease loss placement.

As a development course filter, merchants may choose to commerce solely within the course of the development as indicated by the BBands Cease v1 line.

As a development reversal entry sign, merchants can use the shifting of the road above or under worth motion as a development reversal entry sign.

Merchants may additionally use it as a cease loss placement indicator by trailing the cease loss behind the BBands Cease v1 line.

Slope Route Line

Slope Route Line is a development following technical indicator based mostly on a modified transferring common.

Transferring averages are one of the vital primary instruments used to determine development course. Merchants would often take a look at the course of the slope of a transferring common line and the placement of worth motion in relation to a transferring common line to determine development course. Merchants additionally use crossovers of various transferring averages or a transferring common and worth to determine potential development reversals.

Transferring averages are usually very efficient instruments for trending markets and development reversal setups. Nonetheless, transferring averages may be very ineffective in uneven markets. It is because transferring averages may generally be very prone to market noise. Merchants would usually discover methods to smoothen out transferring averages by modifying it with a view to make it extra proof against market noise.

One other drawback of transferring common strains is that it tends to be very lagging. Merchants may generally be too late to enter and exit trades due to development reversal alerts which might be very lagging.

Slope Route Line manages to smoothen out its transferring common line whereas reducing lag. This creates a transferring common line that’s much less prone to market noise but could be very attentive to development reversals.

This model of the Slope Route Line additionally adjustments colour relying on the course of the development. A light-weight blue line would point out a bullish development, whereas a tomato line would point out a bearish development.

Buying and selling Technique

This buying and selling technique makes use of the confluence of the Slope Route Line and the BBands Cease v1 indicator to determine potential development reversals.

On the Slope Route Line, traits are merely based mostly on the placement of worth in relation to the Slope Route Line, in addition to the colour of the Slope Route Line.

The BBands Cease v1 indicator sign is just based mostly on the shifting of the BBands Cease v1 line.

Though commerce alerts are based mostly on the confluence of the 2 indicators, we won’t take each commerce that’s offered by the market. As a substitute, we’ll solely take trades the place there’s a momentum candle firstly of the development reversal.

Indicators:

  • BBands_Stop_v1
  • (T_S_R)-Huge Development

Most well-liked Time Frames: 1-hour, 4-hour and day by day charts

Foreign money Pairs: FX majors, minors and crosses

Buying and selling Classes: Tokyo, London and New York periods

Purchase Commerce Setup

Entry

  • The BBands Cease v1 line ought to shift under worth motion.
  • Value motion ought to cross above the Slope Route Line.
  • The Slope Route Line ought to change to mild blue.
  • A bullish momentum candle needs to be shaped.
  • Enter a purchase order upon the affirmation of those circumstances.

Cease Loss

  • Set the cease loss on the fractal under the entry candle.

Exit

  • Shut the commerce as quickly as worth closes under the BBands Cease v1 line.
  • Shut the commerce as quickly because the Slope Route Line adjustments to tomato.

Atlas Momentum Forex Trading Strategy

Atlas Momentum Forex Trading Strategy 2

Promote Commerce Setup

Entry

  • The BBands Cease v1 line ought to shift above worth motion.
  • Value motion ought to cross under the Slope Route Line.
  • The Slope Route Line ought to change to tomato.
  • A bearish momentum candle needs to be shaped.
  • Enter a promote order upon the affirmation of those circumstances.

Cease Loss

  • Set the cease loss on the fractal above the entry candle.

Exit

  • Shut the commerce as quickly as worth closes above the BBands Cease v1 line.
  • Shut the commerce as quickly because the Slope Route Line adjustments to mild blue.

Atlas Momentum Forex Trading Strategy 3

Atlas Momentum Forex Trading Strategy 4

Conclusion

This buying and selling technique is a strong development reversal buying and selling technique. The confluence of those excessive likelihood development following indicators give merchants an edge in the case of figuring out potential development reversals.

Nonetheless, merchants shouldn’t take alerts from indicators as a ultimate commerce sign. Merchants ought to verify the development reversal with worth motion. This technique incorporates each worth motion and technical indicators with a view to present excessive likelihood commerce setups.


Foreign exchange Buying and selling Methods Set up Directions

Atlas Momentum Foreign exchange Buying and selling Technique is a mix of Metatrader 4 (MT4) indicator(s) and template.

The essence of this foreign exchange technique is to rework the amassed historical past information and buying and selling alerts.

Atlas Momentum Foreign exchange Buying and selling Technique offers a possibility to detect numerous peculiarities and patterns in worth dynamics that are invisible to the bare eye.

Primarily based on this data, merchants can assume additional worth motion and modify this technique accordingly.

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Find out how to set up Atlas Momentum Foreign exchange Buying and selling Technique?

  • Obtain Atlas Momentum Foreign exchange Buying and selling Technique.zip
  • *Copy mq4 and ex4 recordsdata to your Metatrader Listing / specialists / indicators /
  • Copy tpl file (Template) to your Metatrader Listing / templates /
  • Begin or restart your Metatrader Consumer
  • Choose Chart and Timeframe the place you wish to check your foreign exchange technique
  • Proper click on in your buying and selling chart and hover on “Template”
  • Transfer proper to pick out Atlas Momentum Foreign exchange Buying and selling Technique
  • You will notice Atlas Momentum Foreign exchange Buying and selling Technique is obtainable in your Chart

*Be aware: Not all foreign exchange methods include mq4/ex4 recordsdata. Some templates are already built-in with the MT4 Indicators from the MetaTrader Platform.

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