All Expert Advisors (Robots), Indicators, Trading Systems posted by me
are Trading Tools developed for Experimental purposes.
Using any of these tools on a real account carries a high degree of risk.
I will not be held responsible for any losses incurred by any one uses these tools.
ATR Break Out (ABO) Trading System is an automated trading system (aka EA, bot, robot), that uses Average True Range (ATR) break out as an entry signal in the direction of the break out.
ABO is using Pending Stop Orders which are calculated based on ATR parameters at the start of new bar.
Un-triggered orders are deleted before placing new orders.
ABO robot was born at the Robot Lab Project and moved to this dedicated thread to grow on its own.
The system uses ATR multipliers (same concept implemented in Big Candle) for Break Out, Stop Loss, Take Profit and Trailing Stop.
Position Size can be fixed or automatically calculated based on Risk Percentage and Stop Loss for each trade.
MACD and RSI filters (suggested by auvergnat78) can be optionally applied.
System Inputs :
Note : Default ATR period 50
Sample Test Screen Shot :
Sample Test EUR/USD H1 2015 with default settings.
VERSION CONTROL :