Forex Box EMA Channel Breakout Trading Strategy
Forex Box EMA Channel Breakout Trading Strategy:
Time Frame 15 min or 30 min.
Setting Metatrader indicators:
end hour: 7
end minute:30
bars to count:7
expire after X bar:22
Box Breakout is an indicator for 4 digit but works also with 5 digit.
Taret1 20pips=target2 200 pips,
Target2 40pips=Target 400pis,
Target3 60pips=600.
Trade only in the direction of the ema channel.
If middle band ema channel is green enter buy.
If middle band ema channel is red open sell.
Stop-loss set at 20 pips from entry into the market!
Box Breakout is an indicator for 4 digit but works also with 5 digit.
Taret1 20pips= set target 200 pips,
Target2 40pips=set target 400pis,
Target3 60pips=set 600pips.
Use Move Stop Loss
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 Box EMA Channel Breakout Trading Strategy?
- Download Forex Box EMA Channel 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 Box EMA Channel 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”.
