Forex Awesome Breakout Trading Strategy
Forex Awesome Breakout Trading Strategy:
FX Breakout is a strategy similar at the London breakout but i have ad more filters.
Box Breakout intraday is a profitable strategy.
Time Frame 15 min or 30 min.
Currency pairs: EUR/USD, GBP/USD, USD/CHF, AUD/USD, NZD/USD, USD/JPY, USD/CAD.
Box Breakout ( period begin 3:00; period end 6:00);
Moving average smoothed 21;
angle indicator;
Rules FX Breakout
Buy
Price close above Blue box;
Moving average 11 above moving average 21;
Angle indicator above zero level;
Ama slope green bar;
RSI Dynamic above upper band (optional).
Sell
Price close below Blue box;
Moving average 11 below moving average 21;
Angle indicator below zero level;
Ama slope bar;
RSI Dynamic below lower band (optional).
Exit position options:
at the pivot levels,
with trailing stop 15- 20 pips,
with profit target 15-20 pips depend by currency pairs.
Initial stop loss 25-30 pips.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Awesome Breakout Trading Strategy?
- Download Forex Awesome Breakout Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Awesome Breakout Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
