A Strategy by Team Aphid
This strategy was devised by Team Aphid.
It is a medium term, easy to trade system with a good win loss ratio. It is traded using
an indicator that is based on the ATR trailing stop.
Correct money management and risk is an extremely important factor in the success
of using this system.
Attached you will also find the BAT ATR indicator.
1. During backtests, we used MT4 with Alpari data. You can use any MT4
platform and data feed but due to variations between platforms and data feed,
traders will get different signals as ATR lines-Prices/times etc on data feeds vary.
2. Use 1 Hour Chart and start with GBPUSD. Later on, we’ll discuss other
currencies as well.
3. Put on the indicator FF ATR Trailing Stop v 1. (Set the indicator parameters
to ATR Period 5 and Factor to 4.0)
4. Insert on the chart the Fib retracement tool ( F and dotted lines button on
toolbar.) Once the fib lines are on the chart right click on the chart and got to ‘objects
list’ and then highlight the fib tool and click ‘edit’. Go to the fibo level tab and enter
or change the following.
Level 0 Description ‘Swing’
Level 0.382 Description ’38.2 – 2 lots’
Level 0.618 ’61.8 – 1 lot’
Level 1 ‘Enter 1 lot’
Level 1.618 ‘161.8’
In The Zip File ,You should see the software files:
BAT ATR v1.ex4
The BAT by TA.pdf