ATR And MACD Forex Scalping Strategy

This is a scalping strategy that determines an entry during breakout using ATR and MACD indicator. This is for 1 hour or higher timeframe and works on some EUR pairs such as EURCHF, EURGBP, EURUSD, USDCHF.

Forex Indicator:

• Set your MACD indicator to 5, 15, 1.
• Set your ATR Ratio indicator (7, 21, level 1) > 1

Long Entry:

• MACD Indicator is greater than 0.
• ATR Ratio Indicator is greater than 1.

Short Entry:

• MACD Indicator is less than 0.
• ATR Ratio Indicator is less than 1.

Exit Position:

• Exit the position when MACD changes direction and ATR both turn below less than 1.
• Quick take profit at 7-15 pips.
• Place initial stop loss

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