TAKE PROFIT with PERFECT TIMING using the ATR Indicator! (Best Forex Indicator)
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- Опубликовано: 16 май 2024
- Andrew Lockwood is here to explain the Average True Range (ATR) indicator! The ATR indicator is one of the best forex technical indicators that can take your forex strategy to the next level. Many who trade forex even consider it to be the best forex indicator to use in technical analysis. It's one that a professional forex trader like Andrew use in their forex technical analysis to establish rules about entering and exiting trades. An ATR indicator strategy can be one of the simplest forex trading strategies to develop and execute. In addition, the Average True Range indicator can be used to identify when a market is trending or consolidating. Overall, the ATR is one of the most powerful and easiest technical indicators for day trading, swing trading, and price action trading. Andrew also jumps onto MetaTrader 4 (MT4) to execute an ATR trading strategy.
Chapters:
00:00 - Introduction
00:47 - ATR Indicator Explained
06:46 - Ways to Use the ATR
11:52 - Find the ATR in MetaTrader 4
13:21 - Use ATR for Entry, Stop & Profit Target
15:58 - Use ATR to Identify Market Breakout
17:10 - Use ATR to Scale out of Trades
18:25 - Use ATR to Determine Consolidating Market
20:27 - Outro
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I've watched a LOT of videos on indicators and stuff and you just made a huge improvement in my setups. I've been all day testing a new approach based on your video, further exploring ATR possibilities, and it is a huge sucess on SL and TP, reducing my risk and realizing my gains. I just doubled my sucess rate. Thank you very much. 🙏🏻
this is the best video on ATR I've ever watched on youtube. thanks, man.
Whether Forex Phil Collins can dance or not, he definitely knows his indicators 😎
Damn funny 😂😂😂
Forex Phil collins 😂
Found everything i needed to know about the ATR. Thank you.
The greatest mentor of all times, the best video of ATR indicator, had to tell my friends about you.
Such a great info. Thank you for sharing!
this is the best tutorial of youtube
Excellent presentation mate! I’ve seen dozens of explanations but this Is simply the best. 🙏🏽💪🏽
This comment is for the algorithm. Excellent video Andrew. Made really clear what the ATR is.
Excellent video Andrew. Thank you
Hi Andrew, thanks very much appreciated effort on this presentation. I'm still on a way of learning process... I just want to ask what is your back-tester and is it free?
Great explanation Andrew, thank you. What back testing software are you using?
This explanation of the ATR is the best I came across, thanks for the education
Thanks 😊.. Great knowledge
Powerful video, I learned lots from it
You have open my eyes. I wasn't getting atr concept completely.
Very good presentation. Many thanks.
Great content on ATR, thank You
Andrew, you're a great teacher. Thanks so much.
Well done, Sir. Just subscribed.
Excellent video Andrew.
Best explanation ever about ATR. Indeed this man knows his stuff. On top of that he knows how to present it.
Thanks for your comment. Stay tuned for more.
Thank you sir From South Africa you really help me
Thanks for this clear information it was amazing
Glad you enjoyed the video. Stay tuned for more!
Taught it like no one else, well explained.
Thanks, Richard. Stay tuned for more videos.
Andrew sir u are a fantastic teacher, simple, clear and practical. Thank you
Thanku so much sir...
Thank you!
Thanks a lot Andrew. Very informative & simple! Easy to understand
One of the lesson that i ever seen about indicator and also best way to teaching the subject. Thank u so much sir
Great video thanks for sharing this knowledge
Glad you enjoyed the video. Stay tuned for more!
Superb Sir .........Lots of Thanx
It's a really great video
Question: if the ATR "tracking line" flattens out in the middle of it's range, plateaus - so to speak- as the example seems to show @ 06:39, would that just indicate a consolidation period with a high range? or can that not happen? edit 2nd question...
You sir are a superb teacher teaching with such simplicity and clarity. Thank you so much GOD BLESS YOU
Yes, he is. Even I learn from him, even though English isn't my first language. That is huge for me =)
excellent vid thanks
Just what i needed. Thanks!
You're most welcome Mai, Thanks for watching and stay tuned!
This is the best explanation instructional video of ATR on RUclips 💯Thanks for educating ,a true FREE- JEM💎 given
Very happy to hear that, Foto Guy! Glad you enjoyed it!
Now I understand ATR really well.I was searching the right video from so many days.Thanks for putting it on you tube
thank you.
A
This is wow! Very clear explaination thank you for sharing this😊
Thanks for your comment. Stay tuned for more.
i have to subscribe i cant resiste a good teacher .go bless you
Humbled Batman, Thank you for subscribing and stay tuned, More to come!
Thank you
good stuff thanks
Wow! I learn so much from this channel. I am really interested in forex and want to try it out. But I am currently in the research phase for the last few weeks as I feel there is so much to learn first. But soon I will try starting with a demo account. Your videos make it fun to learn so thanks a lot =) Best wishes
Ofcourse you deserve a sub and like for this =) Cheers
Excellent
As a Forex educator myself, these are my thoughts on the ATR.
The ATR shows you the strongest trend when it already over, and it shows you a trend is starting long after it's begun. The way I look at it is if you use the ATR, you are essentially chasing the market. I know people "say" they like it, but I find it to be as useless as any indicator can be.
Your targets will be way to big and unreachable when the market slows down, but your stops will be way too tight when the trend is starting.
Use the ATR on a demo account for a while and eventually you are going to start seeing the same thing.
The ATR is literally the single best indicator in forex trading. I'd argue it's actually ESEENTIAL in every single traders strategy.
Why are you trading during periods of low volatility anyway? The ATR isn't used to identify trends, it's a volatility indicator.
Go find an indicator that can help you with identifying trends, that's not the job of ATR.
I follow Russ' strategies and he knows what he is doing, as does ForexSignals Tv.
That's the beauty of Forex trading. There are so many different ways to approach it, and still be successful.
All profit to you Folks!
I made an indicator only using atr and the signals for takeprofit and stoploss are the best and it also tell me where the market is going next i know it’s not enough but if you use it as something else it will show you the market trend
Excellent video and excellent explanation of the number 1 indicator in forex or stock or crypto, I'm really see you are very good educator for you A+
Thanks for the kind words, Jugoslav! I'm glad you enjoyed it!
thank you
Awesome and🙏🙏 👏👏👏😊
Helpful video
Thank you so much❤❤
Glad you liked it. Stay tuned for more.
Very helpful. Thank you.
You are most welcome, Rob! Stay tuned for more.
Excellent training, thanks!
Great video
Could you make a video about how to identify ending of pullbacks because i'm trend follower and don't know when pullbacks end
I didn't know but now i know and its because of you thanks.
You are most welcome. Let us know if you need anything else and visit our website www.forexsignals.com to check all the new content.
What backtesting software did you use boss?
Really helpful thanks 😀
Glad you enjoyed the video, Chelios. More to come.
I use the ATR Value one candle back because the current candle did not close yet so the range of the current candle is not yet a finalized.
Love the ATR
Glad you enjoyed the video. Stay tuned for more!
Excellent - free too! (Is this man a Philanthropist?).
do you think we can use a hedging strategy if the market goes sideways instead of SL??
Great video. Thank you
Thanks for your comments. Stay tuned for more.
Great video and useful to adopt within your strategy. Following Forex Signals daily on the Live Streams as well as other trader insights and a really great place to develop your skills. Keep up the good work Andrew and the team
Thank you sir😄😄
Most welcome
SIMPLY AWESOME ANDREW.....
LOVE FROM INDIA
What timeframe is best to use ATR?
Kudos to you my mentor
Thanks for your comment. Stay tuned for more videos.
Phil are you saying that a Risk Reward strategy is not a long term profitable one?
What time frame are you using?
Best ATR explanation I have seen after watching a lot of videos........ by a million miles. Thanks a lot.
Glad you enjoyed our videos. Stay tuned for more.
❤ sir everything in one......
Thanks for watching Akila
Thank you.
You are most welcome. Stay tuned for more.
nice teaching thank you
You're most welcome Michael, thanks for watching🙂
So do you typically use a 1 ATR stop or 2?
Excellent video (!) but I'm curious if the Australian gentleman understands what "Dodger Blue" is referring to?
Can you make a video for day trading, how to calculate the atr exactly like this video but for day trading us market ?
sir i like this strategy
I love calling in the air tonight, great song
hahahahahahahha
A very helpful video. I love it
Glad it was helpful!
That was great
Thank you, Tony! Glad you enjoyed the video. Stay tuned for more!
What time frame are you using
any suggested method to use atr to trade false breaks
Thank You Master 😊❤️
My pleasure!
loe.it.i.will.try
You are grate!!😃
Thank you Sakib🙂
Hey boss. You can placed a trade way before price gets to your entry point??.. wow. Please what trading platform do you use?
Glad you enjoyed the video Divine, reach out via the email in the description.
Ive been trading pre race betfair markets for years, so I get whats going on with forex trading, the problem I have at the moment is trying to work out the software, have you a video for instance on , how to physically put on a stop loss, how to set a trading out target profit and how to scale out. I would really appreciate that, thanks
Chat with us on our website to know how you could consult our analysts and other traders inside the Trading Room: www.forexsignals.com
i am a beginner, i am trying it hard to follow the video step by step. please any solution for the video alignment
Please what platform do you use for backtesting?
Hi Ejike, we use ForexTester 5 for our back testing. Please visit www.forexsignals.com for more information.
@@ForexSignalsTV okay thanks
sir plz make a detailed video on 1:5 trading strategy
Hey Prince, you may go to www.forexsignals.com to find all the information, videos and content that we have for you.
Why do you use 14 periods for ATR? i know its standard but surely you should consider the timeframe you are trading, and the average length of your trade? If on average im in a trade for 15 minutes, should i really calculate ATR going back more than 15 minutes?
Great point you made ! why 14 period????
what backtesting software do you use?
Hi there, please visit www.forexsignals.com for more information.
And which is best indicator to determine ranging market
Great question! Feel free to start your 7-days free trial for more information. Here is a link: www.forexsignals.com/#register-tab
Hi am in Africa (Kenya) please teach me how to do trading please
Actually, TR (true range) is calculated as following: TR= Max(High-Open, High-Close, Open-Low, Close-Low)
Thank you for commenting. Stay tuned for more!
nice
Glad you enjoyed our videos. Stay tuned for more.
Does this work for scalping crypto ? Thanks
Hi Omar, please visit www.forexsignals.com for more information.
14 is lunar cycle
Here from NNFX