Forex Early Bird Breakout Trading Strategy
Forex Early Bird Breakout Trading Strategy;
Box breakout Early Bird System is a breakout strategy. This is an intraday strategy.
Time Frame 30 min.
Apply this template a three not correlated currency pairs.
Gann t3 bars High/low activator period 5
Early Bird Breakout (for metarader 5 digts set: 10 pips = 100, 15=150 …)
Margin Buffer 5 pips,
Target Profit 1 10 pips (recommended) ,
Target Profit 2 15 pips,
Target Profit 3 20 pips;
ADX d+( green line) and d- (red line) (13) with 25 level.
Rules for Box Early Bird System
I Use only Profit Target 1° and 2°
Buy at the level breakout if:
D+ > level 25;
Gann t3 High/low activator line green,
Gann t3 bars High/low activator aqua bar,
Mais withe line crosses upward.
Sell at the level breakout if:
D- > level 25;
Gann t3 High/low activator line red,
Gann t3 bars High/low activator red bar,
Mais withe line crosses downward.
2° Profit Target only for first signal of the day.
For all signals profit target is 10 pips.
Stop loss when mas crosses in opposite direction.
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 Early Bird Breakout Trading Strategy?
- Download Forex Early Bird 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 Early Bird 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”.