The ATR Channel X3 MTF VS + TT indicator is a specialized algorithm for the MT4 trading platform. Using the described algorithm, you can quickly assess the situation on the chart of the selected asset and identify the optimal moment for creating successful positions.
As you can see from the name of the algorithm in question, it is another modification of the time-tested ATR instrument, which is able to give more accurate signals to enter the market. Signals of the considered algorithm are displayed in the form of curves near the price level. Due to the maximum simplicity and accuracy of the signals of the algorithm under consideration, it can be safely recommended to all novice speculators.
The ATR Channel X3 MTF VS + TT indicator boasts a fairly high level of versatility due to the fact that the accuracy of the issued signals remains the same regardless of the choice of the time interval and currency pair. To download the ATR Channel X3 MTF VS + TT indicator, use the link that you can see below.
ATR Channel X3 MTF VS + TT indicator. Optimization
The installation of the described algorithm is simple. This process should not cause any significant difficulties, even for beginners who do not have experience with similar tools. After starting the considered algorithm, a window with its parameters will appear in front of you.
The described algorithm has the following parameters:
- “History”. This parameter is responsible for the number of bars that the described algorithm will take into account in the process of performing all the necessary calculations.
- “ATR-Time-Frame”. In this field, you must specify the time interval that you will use to make money on the foreign exchange market.
- “ATR-period”. This parameter is responsible for the period of the ATR instrument, which is part of the described algorithm.
- Show-Bands. In this field you can specify where exactly the described algorithm will display its curves.
- Bands-Shift. This parameter is responsible for shifting the curves that the considered algorithm displays on the trading chart.
Due to the fact that the described algorithm has a relatively small number of adjustable parameters affecting the correctness of its functioning, not only a speculator with some experience, but also a beginner can handle the optimization process.
Using the described algorithm to make money on the foreign exchange market is as simple as possible. You need to transfer the ATR Channel X3 MTF VS + TT indicator to the chart of the selected asset and optimize it. Then you just need to wait for the next signal to appear and create a position in the desired direction.
As soon as the middle and upper curves of the considered algorithm cross the price level, you need to create a buy position. This trade should be closed quickly after the reverse intersection of the curves and the price level.
At the moment when the middle and lower curves of the algorithm under consideration cross the price level from above, it is worth creating a sell deal. At the moment when the curves cross the price level in the opposite direction, you should close the previously created position. The described algorithm is recommended to be combined with additional tools that will confirm the accuracy of the issued signals.
To learn how to correctly optimize and apply the described algorithm, use a demo account. Only after obtaining the required amount of experience and skills can you start trading for real money.