Simple ATR Channel Forex Scalping Strategy

This is a strategy that are based on ATR channel and ZB clouds lines indicator. This system is a trend following system, it’s better to trade with the trend to be safe. This works on a 30 minute and 1-hour timeframe. The currency pairs that is applicable to use are EU, GU, AU, UCHF.

Metatrader indicators:

• ATR Channel (20, 1, Multifactor 0.7);
• ZB cloud lines (8-28-34);

Buy Entry:

• The price must be above the ZB Cloud lines.
• The red candlestick must close below the ATR lower band.
• Buy at the opening of the next bar.

Sell Entry:

• The price must be below the ZB Cloud lines.
• The white candlestick must close above the ATR upper band.
• Sell at the opening of the next bar.

Exit Position:

• Place initial stop loss at 20 pips.
• Target profit at 25 pips, after 17 pips in gain move stop loss at the entry point.

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