Bar Color ATR Stops MT4 Trading System and Indicators

How to use the Average True Range (ATR) and Improve Your Trading. High accuracy Forex Bar Color ATR Stops MT4 Trading System and Indicators – this is a trading system that measures volatility and determines a new trend.


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The ATR describes how much an asset typically moves over the course of the day. Day traders can use this information for plotting profit targets and determining whether a trade should be taken on.

  • Time Frame: H1 or higher
  • Currency Pairs: GBPUSD, GBPJPY, EURUSD, USDJPY, AUDUSD, USDCAD, and NZDUSD

 

MetaTrader Trading Indicators
  • ATR Stops
  • Dots Color
  • Histo Bands
  • Bar Color
  • Relative Strength Index

 

BUY Rules


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  • ATR Stops: Below the candles
  • Dots Color: Blue
  • Histo Bands: Blue
  • Bar Color: Blue
  • Relative Strength Index: Above level 55 line

 

SELL Rules

  • ATR Stops: Above the candles
  • Dots Color: Red
  • Histo Bands: Red
  • Bar Color: Red
  • Relative Strength Index: Below level 45 line

 

Trading NOTES
  • In this trading system, a trailing stop loss is a way to exit a trade.
  • ATR Stops is commonly used as a trailing stop loss.
  • Initial Risk-Reward Ratio (RRR) is 1:2 or 1:3

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