The ATM Forex price breakout MT4 indicator displays the best trading range for profitable lag-free price action buy/sell trading.
The ATM price action indicator works for any currency pair and time frame.
The trading rules are extremely simple, even for beginners.
The ATM Forex Price breakout trade logic goes as follows:
- When currency price closes above the ATM Forex price breakout box, it’s time to open a buy trade.
- When currency price closes below the ATM Forex price breakout box, it’s time to open a sell trade.
The ATM Forex price breakout indicator for MT4 can be used as a stand-alone price action indicator.
It works for scalping, day trading and swing trading.
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Pure ATM Forex Price Breakout Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With The Pure ATM Forex Price Breakout Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Go long when the currency pair price closes above the gray colored Pure ATM breakout box.
Place initial stop loss below the low of the breakout box, or use your own stop loss placement method.
Close the buy trade for a reward/risk ratio of 1.5 or better.
Alternatively, take profit at predetermined profit target, for example 20 pips on the M1 scalping chart.
Sell Trigger: Go short when the currency pair price closes below the gray colored Pure ATM breakout box.
Place initial stop loss above the high of the breakout box, or use your own stop loss placement method.
Close the sell trade for a reward/risk ratio of 1.5 or better.
Alternatively, take profit at predetermined profit target, for example 150 pips on the D1 swing trading chart.
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Box colors, start, end, offset, GMT shift, show label, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: breakout
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.