Step #1: Make Sure Your Chart Setup Configuration Looks the Same as our Price Chart
Step #2: Wait for ATR Indicator to break above 20-EMA
Step #3: Check the Price Chart to Ensure the ATR Breakout is followed by a Price Breakout
Step #4: Enter Short Once we break Below the Low of the Breakout Candle
Step #5: Your Take Profit Target should be Equal to the ATR indicator value
Step #5: You determine your own TP strategy
Step #6: Place the Stop Loss above the Breakout Candle High
Note** The above was an example of a SELL trade. Use the same rules – but with the only difference that you need a bullish breakout candle – for a BUY trade.
Step #2: Wait for ATR Indicator to break above 20-EMA
Step #3: Check the Price Chart to Ensure the ATR Breakout is followed by a Price Breakout
Step #4: Enter Short Once we break Below the Low of the Breakout Candle
Step #5: Your Take Profit Target should be Equal to the ATR indicator value
Step #5: You determine your own TP strategy
Step #6: Place the Stop Loss above the Breakout Candle High
Note** The above was an example of a SELL trade. Use the same rules – but with the only difference that you need a bullish breakout candle – for a BUY trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.