Recommended timeframes M15
Trading pairs: all
Time-frame: from M15 and more
ATR (30) (Average True Range) with EMA 5 (5-period Exponential Moving Average )
ATR (14) (Average True Range) with EMA 4 (4-period Exponential Moving Average)
30 SMA High
30 SMA Low
Open long positions when the price has crossed both moving averages from below and ATR (30)>EMA5.
Open short positions: when the price has crossed both moving averages from above and ATR (30) > EMA5.
When going long, place Stop Loss at the level of 30 SMA Low; when going short - at the level of 30 SMA High.
Closing of trades
Close a trade if ATR (14) <EMA 4 or place Take Profit whose value will be 3 times more than the value of Stop Loss.