The ATR Kroll Signals MT4 forex indicator is a blue and red crossover trading system based on the average true range technical indicator.
Forex crossover systems are very easy to trade:
Buy when the faster signal line crosses above the slower signal line from below.
Conversely, sell when the faster signal line crosses below the slower signal line from above.
The ATR Kroll Signals crossover system can be used for scalping, day trading and swing trading purposes on any timeframe.
For scalping and day trading, trade the system during the more volatile trading sessions.
For maximum results, use it on low spread currency pairs such as EUR/USD, GBP/USD, USD/JPY,…
The default ATR Period is set to 5, experiment with this setting to suit your needs.
Free Download
Download the “chande-kroll-stop.mq4” MT4 indicator
Indicator Chart (GBP/USD D1)
The GBP/USD Daily chart below displays the ATR Kroll Signals Metatrader 4 indicator in action.
Basic Trading Signals
Signals from the ATR Kroll Signals Metatrader 4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Open buy trade position when the blue signal line of the ATR Kroll indicator crosses above the red one from below.
Sell Signal: Open sell trade position when the red signal line of the ATR Kroll indicator crosses below the blue one from above.
Trade Exit: Close the open buy/sell forex position when an opposite signal occurs, or use your own method of trade exit.
ATR Kroll and Free Forex Scalping Strategy MT4
This MT4 scalping strategy uses the ATR Kroll Signals and the Free Forex Scalping Indicator to capture short-term market moves.
It is designed for M1 and M5 charts but can also be adapted to M15 for slightly longer scalps.
The ATR Kroll indicator identifies trend direction with its blue and red signal lines, while the Free Forex Scalping Indicator confirms entries with a green buy histogram and red sell histogram.
By combining trend and momentum, this strategy provides precise scalping signals with reduced false entries.
Buy Entry Rules
- Confirm a buy trend when the blue line of the ATR Kroll crosses above the red line from below.
- Check that the Free Forex Scalping Indicator shows a green histogram.
- Enter a buy trade once both conditions are met.
- Place a stop loss below the most recent swing low or recent support level.
- Take profit after 10–25 pips or at a nearby resistance level depending on volatility.
Sell Entry Rules
- Confirm a sell trend when the blue line of the ATR Kroll crosses below the red line from above.
- Check that the Free Forex Scalping Indicator shows a red histogram.
- Enter a sell trade once both conditions are met.
- Place a stop loss above the most recent swing high or recent resistance level.
- Take profit after 10–25 pips or at a nearby support level depending on volatility.
Advantages
- Fast and precise entries make it ideal for scalping strategies.
- Combines trend direction and momentum for higher probability trades.
- Easy to read visual signals allow quick decision-making.
- Effective on multiple time frames, including M1, M5, and M15.
- Reduces emotional trading by providing clear confirmation rules.
- Can capture small moves repeatedly for consistent daily profits.
- Works well with major and minor currency pairs with good liquidity.
- Helps traders identify both trend continuation and reversal opportunities.
Drawbacks
- High-frequency trading requires constant attention.
- Whipsaw price action during low volatility can produce losing trades.
- Can be affected by sudden news spikes or market gaps.
- Requires discipline to exit quickly when the trade does not move in the intended direction.
Case Study 1
On EURUSD M5, the ATR Kroll blue line crossed above the red line, signaling a buy trend.
The Free Forex Scalping Indicator confirmed with a green histogram.
A buy trade was opened at 1.1025 with a stop loss at 1.1015 below the recent swing low.
Price quickly moved upward and the trade reached a take profit at 1.1040, capturing 15 pips in about 25 minutes.
This setup worked well because the trend and momentum aligned perfectly during the London session.
Case Study 2
On GBPUSD M1, the ATR Kroll blue line crossed below the red line, indicating a sell trend.
The Free Forex Scalping Indicator showed a red histogram confirming momentum.
A sell trade was opened at 1.2450 with a stop loss at 1.2460 above the recent swing high.
The market dropped to 1.2432 before hitting support, resulting in an 18-pip scalp in less than 15 minutes.
The alignment of the trend and histogram ensured a fast and high-probability trade.
Strategy Tips
- Focus on highly liquid pairs like EURUSD, GBPUSD, and USDJPY for faster scalping moves.
- Trade during active sessions like London and New York for stronger price movements.
- Keep stop losses tight to protect capital during fast reversals.
- Use the histogram confirmation to avoid entering during weak or sideways trends.
- Take profits quickly and avoid holding positions too long on small time frames.
- Monitor volatility and adjust trade size to suit your risk tolerance.
- Track multiple trades carefully as rapid entries can accumulate risk if not managed.
Download Now
Download the “chande-kroll-stop.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (Length, ATR Period, Kv) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Trend
