Forex Dynamic Breakout Trading Strategy
Forex Dynamic Breakout Trading Strategy;
Squalou default settings (4,60,30)
+ Breakout candle should be wholly in one half of the CZ (top half for long, bottom for short)
+ Candle should move 5 pips beyond the CZ before entry (to minimize impact of fake breakouts)
+ Enter when market moves 5 pips beyond CZ (initial stop loss = middle of the CZ zone, so on a 30pip CZ box SL=5+15=20 pips — this also means if you follow entry rule 1 it is below the low of the candle).
Trading Pattern: (gradually sizing out)
+ First TP at +10 pips (+15 from CZ), close half of your position, move SL to the edge of the CZ (at this point you will have locked in +5 pips profit)
+ Second TP (close your remaining position) at +20 pips (+25 from CZ) OR when a second CZ forms
You’re out within 25 pips of the CZ which based on the average Buy/Sells from Squallou’s indicator looks just inside the average… so you can probably squeeze out more profit if you’re game.
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 Dynamic Breakout Trading Strategy?
- Download Forex Dynamic 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 Dynamic 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”.