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Free download of 1 Hour Trading System with Average True Range and Commodity Channel Index Indicators.

The 1 Hour Trading System with Average True Range and Commodity Channel Index Indicators is a trend following trading system. Which consist of Average True Range (ATR) stop indicator, dot indicator and Commodity Channel Index (CCI) indicator. These are custom indicators, which are not available in Forex trading MT4 platforms by default but there are ATR and CCI indicators that are by default on MT4.

How to trade this 1 Hour Trading System Profitably

BUY TRADE SETUP

  1. Average True Range (ATR) stop Blue Line appear on the chart
  2. Commodity Channel Index (CCI) indicator on the down window is above 0 level line
  3. And the histogram color is Blue

Stop Loss should be placed below Dot indicator

Take Profit 1. When your profit is twice your stop loss i.e. Risk : Reward = 1:2

SELL TRADE SETUP

  1. Average True Range (ATR) stop Red Line appear on the chart
  2. Commodity Channel Index (CCI) indicator on the down window is Below 0 level line
  3. And the histogram color is Red

Stop Loss should be placed above Dot indicator

Take Profit 1. When your profit is twice your stop loss i.e. Risk : Reward = 1:2

DOWNLOADS

Indicators and Template

Steps to install the Indicators and Template in MT4 chart

  • step one – Downloaded the indicators and template zip files.
  • step two – Unzip the indicators and template files
  • step three – Go to “File menu” in Mt4 trading platform and click “open data folder”
  • step four – Open Mql4 folder and open the indicators folder.
  • step five – paste the indicators into indicators folder
  • step six – open the template folder and paste the template file
  • step seven – Restart the MetaTrader 4

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