Forex Direction Intraday Breakout Trading Strategy
Forex Direction Intraday Breakout Trading Strategy:
Best Intraday Breakout is a real intraday strategy that find the direction of the price. What’s the direction of the price today? This is the question.
Best Intraday Breakout is a good trading system that answers this question.
Time Frame 15 min.
Financial Markets: Forex, Indicies.
MA Parabolic st 2.1 ( MA 14, Parbolic 0.1 – step 0.11);
Breakout Box, (Start 03:00 – End 18:00);
Breakout Daily Targets;
ITM Signal (14, Cycle 5);
Flat Indicator (default setting).
When the price break up the box wait that the price is into the price action channel and Buy if ITM Signal is green, Flat indicator is green and the price is above the MA parabolic indicator.
When the price break down the box wait that the price is into the price action channel and Sell if ITM Signal is red, Flat indicator is red and the price is below the MA parabolic indicator.
Re-Entry (optional) with the same conditions.
Exit on the daily targets.
Place stop loss on the previous high/low swing and move stop loss at the break even with 15 pips in gain.
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 Direction Intraday Breakout Trading Strategy?
- Download Forex Direction Intraday 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 Direction Intraday 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”.