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Waddah Attar Trade Rules

The following rules are applied to the cTrader Waddah Attar Explosion Trading system to enter and exit trades.

Please note that with this system only a single trade can be open at any time per symbol.

 

Waddah Attar Explosion Indicator 

The trading system uses the signals from the Waddah Attar Explosion indicator for entry and exit signals, the exit signals are optional and can be turned off, but the entry signal is compulsory and a core feature of the strategy. The picture below shows an example of a trade which opens with a bullish signal from the WAE indicator and closes using the opposite bearish signal.

Both buy and sell signals are taken from the previous 2 WAE bars from when the trade opens, both bars must be above the explosion line, you can find out more about how the indicator works below.

 

Red & Green Arrows on Chart

The red and green arrows you see on the chart are drawn by the indicator each time there is a signal, in this case when there are 2 same-side bars above the explosion line, you will see below there are many red arrows for bearish signals before the trade closed on a reverse green arrow signal, these arrows show where new short trades would open if the trade should close for any other reason like a stop loss or take profit.

If this short trade closed on next candle due to a take profit then another short trade would open at the next red arrow.

The number of entry and exit WAE bars are optional between 1 and 5, see user settings for more information.

 

cTrader Waddah Attar Trade Rules

 

Additional Confirmation Indicators

This trading system uses various confirmation indicators that all need to show the same side trade signal in order for the robot to open a trade.

 

Super Trend

This cTrader Super Trend indicator is improved and pretty accurate at capturing changes in the direction of the trend with a visual display on the chart, it uses confirmation dots as a confirmation signal, so (x) number of dots must have formed in order for the signal to be created for the trading system.

 

cTrader Super Trend Confirmation

 

Average True Range

This indicator is used as a filter to only open trades when the ATR line is above or below the symbol price, we also use this indicator for a trailing stop loss.

 

cTrader Average True Range

 

DiNapoli Stochastic with Curve Check

This is a key indicator with most of our prime trading systems and also one of the most miss-understood.

 

Bullish Signal

  1. The result value must be greater than the signal value.
  2. The Signal value must be rising.
  3. The distance between the result and the signal lines must be within the curve distance.
  4. The result value must be less than the overbought value set in the trading system.

 

Bearish Signal

  • The result value must be less than the signal value.
  • The Signal value must be falling.
  • The distance between the result and the signal lines must be within the curve distance.
  • The result value must be greater than the oversold value set in the trading system.

 

cTrader DiNapoli

 

Optional Settings

It is also possible to turn off both the super trend, ATR or the DiNapoli indicators so that the only signal to enter a trade is the WAE indicator.

 

Rules to Exit a Position

The following rules can be applied to exit a position.

  • Fixed stop loss.
  • Fixed take profit.
  • Average True Range trailing stop
  • Standard trailing stop
  • Break-even stop loss
  • WAE indicator
    • Standard - normal method where the bar drops below the explosion line.
    • Reverse - a custom method where there is a reverse signal.
  • High impact news event