Forex Intraday Breakout Scalping Strategy
Forex Intraday Breakout Scalping Strategy;
5 Scalping: Intraday Breakout is a forex strategy based on the breakout box.
Time Frame 5 min.
Currency pairs: EUR/USD, GBP/USD, EUR/JPY, AUD/USD, USD/CHF.
Metatrader Indicators:
Autoplot pivot Indicator;
Swing ZZ Indicator;
Exponential moving average 21 periods (close, smoothed);
Breakout box 4 London opening range indicator;
Box begin period ( 6:00) – period (End 8:00) – Box End (20:00);
AscTrend 4TF;
Commodity Channe Indx ( CCI) 45 period;
Awesome Ave indicator.
Rules 5 min Scalping: Intraday Breakout
Long entry
The price is above the box.
AscTrend blue squares;
CCI above 100 level;
Awesome Ave blue bar.
Short entry
the price is below the box.
AscTrend red squares;
CCI above -100 level;
Awesome AVE red bar.
Profit Target
Make profit on the pivot points leves.
Profit Target predetermined.
Initial stop loss EUR/USD 16 pips, GBP/USD , EUR/JPY 20 pips. AUD/USD USD/CHF 15 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 Intraday Breakout Scalping Strategy?
- Download Forex Intraday Breakout Scalping 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 Intraday Breakout Scalping 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”.
