Strategy for binary options, Forex and CFD - ATR Stops with Magic FX

Strategy for binary options, Forex and CFD - ATR Stops with Magic FX - a strategy that allows you to find entry points in the direction of the trend using two indicators: ATR Stops and Magic FX.

Minimum Time Frame and expiration time

• Time Frame: M5
• Expiration time: 15 minutes (3 candles)

Recommended Time Frame and Expiration Time

• Time Frame: M5
• Expiration time: 20 minutes (4 candles)

Indicators of the ATR Stops with Magic FX strategy

• ATR - Stops1.01 (mtf + alerts)
• FIB - MarketHours
• Magic Fx Formula
• Pivot_Points_-_Daily_sShiftedd

Risk management

Trade is carried out with a fixed amount not exceeding 5% of the trade balance. You should not trade during the release of important economic news.

ATR Stops with Magic FX strategy: signal to increase

• The ATR line is colored green and has a green dot
• A blue vertical Magic FX bar appears

ATR Stops with Magic FX strategy: downward signal

• The ATR line is colored red and has a red dot
• A red vertical Magic FX bar appears

Trading on Forex and CFD

• Before starting trading, it is recommended to test the strategy on a demo account (open at least 3-5 trades)
• The trade is opened after receiving a signal from the trading strategy
• The ratio of Take Profit to Stop Loss should be 3:1 (for one unit of possible loss there should be 3 units of potential profit)
• The time frame of trading is not important - minute charts are suitable for scalping, hourly or daily charts are suitable for long-term trading
• Take Profit to Stop Loss levels are set depending on the selected time frame
• The strategy will show false signals on minute charts during the release of important economic news - trade on higher time frames or choose a different time for trading