ATR Channel Strategy

Inputs:

Tradingtime: 07:35 – 16:45

Lotsize: look the Lotsize calculation !! is always depentend from the SL size !

MA-Periode: 20
MA: Simple/Exponential and so on..
MA: Timeframe (M1/M5/M30/H1/H4/D1/W1/MW1)

ATR-TF: H1 (and so on)
ATR-Periode: 14
ATR-Multiplicator: 1,5

TP/SL -Risk-Ratio:  0,5   ( i.e. 0,5 means: if the risk 20pip for SL, then TP is 10pip)

SL: 2   ( 2 means: 2pip below/above the other ATR Channel side)  0= SL by touch the Channel

Entry-modus: touch ATR channel/ BA channel on candle close price  (means: The EA open the trade if the price touch the upper/lower ATR channel or he open the trade if the price close outside the ATR channel on candle closeprice)

Lotsize calculation: (risk in currency „or“ risk in % from Balance)
Risk in currency: 100 ( 100 means:  100€ risk. The EA must calculate the SL-size and calculate the max Lotsize.  

Risk in % from Balance: 1,2%  (same calculation as risk in currency)

TP: the TP is always depentent on the SL size and TP/SL Ratio !!

Filter for Trading direction:

Use filter: true/false   (if price above MA then only long trades/ below MA only short trades)
MA-Periode: 100
MA: Simple/Exponential and so on..
MA: Timeframe (M1/M5/M30/H1/H4/D1/W1/MW1)

Maximal allowed open trades per day: 1  (1 means maximal trades per day is 1)

Indicator which i use: (is for free) https://www.mql5.com/en/market/product/4764?source=Site+Market+MT4+Indicator+Search+Rating006%3aATR+Channel

You can use these indicator or you must programming the same !!