The first two trades on this instrument, opened at the levels of the ATR Zone indicator, were closed at StopLoss which is set behind the previous minimum or maximum. The third and fourth trades on this currency pair were successful and were closed at TakeProfit. The total balance on this instrument is positive.
The trade on oil was opened after a sharp fall on the bounce from the Fibonacci level defined by the ATR Zone indicator. The trade was closed at TakeProfit which was set at the level of the average daily price move, defined by the ATR Zone indicator for this day.
Two trades on the S&P 500 instrument were opened with small intervals and both were successful. One was opened after a fall below the average value of the instrument’s move for the day, the second after a bounce from the lower level defined by the ATR Zone indicator.
The trade on one of the most traded instruments on the financial markets, NASDAQ index, was opened after the price bounced from the border of the daily move. It was closed at TakeProfit which was set at the upper level of Fibonacci defined by the indicator ATR Zone.
After a sharp fall of NASDAQ index, which is peculiar to this instrument, the trade was opened on the bounce from the border of the daily move. The trade was closed at TakeProfit.
Also after a sharp fall in the NASDAQ index the trade was opened after the breakout of the lower level of the ATR Zone indicator, the reverse return and exit from this zone. The trade was closed at TakeProfit with a profit of 260 pips of profit.
Conclusion:
The ATR Zone indicator is an effective tool for determining the levels, the average price move for the last 5 days, which can be zones for entering trades. Also these levels are good for setting TakeProfit when you plan trades. The indicator works well on different financial instruments.
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