HomeForexAtlas Momentum Foreign exchange Buying and selling Technique

Atlas Momentum Foreign exchange Buying and selling Technique



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

If you happen to would come to think about it, buying and selling pattern reversals is already a really tough process. Merchants are sometimes taking trades which might be towards the present pattern path. Taking trades with no affirmation is rather like betting that value would reverse on a sure space with none indications that value will reverse. Usually, merchants would anticipate value to indicate indicators of reversal previous to taking a commerce of their predicted path. The drawback with taking this method is that merchants is perhaps giving up some earnings as they’re ready for value to maneuver of their path a bit, previous to taking the commerce.

On the flip facet, there are additionally merchants preferring to take trades as value enters the zone the place they count on value to reverse. The argument is that they might reasonably have a excessive reward-risk commerce setup on the expense of a decrease win charge. Both method each approaches might work.

Atlas Momentum Foreign exchange Buying and selling Technique is a pattern reversal technique that makes use of pattern reversal indicators coming from two dependable indicators. It additionally requires merchants to watch value motion momentum as a way to verify a possible pattern reversal. This leads to the next likelihood commerce setup based mostly on momentum value actions which have a excessive tendency to start out a pattern reversal.

BBands Cease v1

BBands Cease v1 is a pattern following technical indicator which relies the historic motion of value in relation to a predetermined distance based mostly on customary deviations.

This indicator is considerably associated to the Bollinger Bands as a result of it additionally makes use of normal deviations to establish the gap which value ought to transfer as a way to think about a possible pattern reversal.

The indicator identifies the pattern path based mostly on historic costs then plots a line reverse the path of the pattern based mostly on its computation of the usual deviation of the typical motion of value.

The road shifts to the other facet of value motion at any time when value closes past the plotted line. This is able to point out a pattern reversal.

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

As a pattern path filter, merchants might decide to commerce solely within the path of the pattern as indicated by the BBands Cease v1 line.

As a pattern reversal entry sign, merchants can use the shifting of the road above or beneath value motion as a pattern reversal entry sign.

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

Slope Course Line

Slope Course Line is a pattern following technical indicator based mostly on a modified shifting common.

Shifting averages are some of the primary instruments used to establish pattern path. Merchants would normally take a look at the path of the slope of a shifting common line and the situation of value motion in relation to a shifting common line to establish pattern path. Merchants additionally use crossovers of various shifting averages or a shifting common and value to establish potential pattern reversals.

Shifting averages are typically very efficient instruments for trending markets and pattern reversal setups. Nevertheless, shifting averages may be very ineffective in uneven markets. It’s because shifting averages might generally be very inclined to market noise. Merchants would typically discover methods to smoothen out shifting averages by modifying it as a way to make it extra proof against market noise.

One other drawback of shifting common traces is that it tends to be very lagging. Merchants might generally be too late to enter and exit trades due to pattern reversal indicators which might be very lagging.

Slope Course Line manages to smoothen out its shifting common line whereas lowering lag. This creates a shifting common line that’s much less inclined to market noise but may be very conscious of pattern reversals.

This model of the Slope Course Line additionally modifications coloration relying on the path of the pattern. A lightweight blue line would point out a bullish pattern, whereas a tomato line would point out a bearish pattern.

Buying and selling Technique

This buying and selling technique makes use of the confluence of the Slope Course Line and the BBands Cease v1 indicator to establish potential pattern reversals.

On the Slope Course Line, developments are merely based mostly on the situation of value in relation to the Slope Course Line, in addition to the colour of the Slope Course Line.

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

Though commerce indicators are based mostly on the confluence of the 2 indicators, we is not going to take each commerce that’s introduced by the market. As a substitute, we’ll solely take trades the place there’s a momentum candle in the beginning of the pattern reversal.

Indicators:

  • BBands_Stop_v1
  • (T_S_R)-Massive Pattern

Most popular Time Frames: 1-hour, 4-hour and every day charts

Forex Pairs: FX majors, minors and crosses

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

Purchase Commerce Setup

Entry

  • The BBands Cease v1 line ought to shift beneath value motion.
  • Value motion ought to cross above the Slope Course Line.
  • The Slope Course Line ought to change to gentle 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 beneath the entry candle.

Exit

  • Shut the commerce as quickly as value closes beneath the BBands Cease v1 line.
  • Shut the commerce as quickly because the Slope Course Line modifications to tomato.

Atlas Momentum Forex Trading Strategy 2

Promote Commerce Setup

Entry

  • The BBands Cease v1 line ought to shift above value motion.
  • Value motion ought to cross beneath the Slope Course Line.
  • The Slope Course 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 value closes above the BBands Cease v1 line.
  • Shut the commerce as quickly because the Slope Course Line modifications to gentle blue.

Atlas Momentum Forex Trading Strategy 3

Atlas Momentum Forex Trading Strategy 4

Conclusion

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

Nevertheless, merchants mustn’t take indicators from indicators as a remaining commerce sign. Merchants ought to verify the pattern reversal with value motion. This technique incorporates each value motion and technical indicators as a way 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 mixture of Metatrader 4 (MT4) indicator(s) and template.

The essence of this foreign exchange technique is to rework the collected historical past knowledge and buying and selling indicators.

Atlas Momentum Foreign exchange Buying and selling Technique supplies a possibility to detect varied peculiarities and patterns in value dynamics that are invisible to the bare eye.

Primarily based on this info, merchants can assume additional value motion and modify this technique accordingly.

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Methods 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 / consultants / 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 accessible 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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