Forex H1 Method Breakout Trading Strategy
Forex H1 Method Breakout Trading Strategy:
Time Frame: H1
Pairs: all
5SMA High and Low;
Bollinger Bands (2, 20) on RSI (13).
Long Entry:
•Price must pull above the 5 SMMA of the high and close above it
•MACD must be in buy mode
•Stochastic must be recently over sold under the 20 and be headed up
•RSI must be above the green middle Bollinger Band line and be above the 50 level as well .
The following figure are good examples of good buy set ups
Short Entry:
•MACD must be in sell mode
•Price must drop below the 5 SMMA of the low and close below it
•Stochastic must be recently over bought above 80 and be headed down
•RSI must be below the green middle Bollinger Band line and be below the 50 level as well.
The following figure are good examples of good sell set ups
Exit Position:
When the price is 3 pips above o below opposite 5SMA.
Stop Loss:
stop loss at the last obvious swing point or 55 – 80 pips away from entry.
Profit Target: On the levels pivot, 50-70 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 H1 Method Breakout Trading Strategy?
- Download Forex H1 Method 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 H1 Method 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”.
