Forex Phases Zone Breakout Trading Strategy
Forex Phases Zone Breakout Trading Strategy:
Breakout the Phases Zone is a forex strategy base on the breakout of the support and Resistance area.
Time Fra H1, H4.
Currency pairs:Any.
Phase V.8;
MA-Shade 5-25;
Damiani Volameter (7,50, 1.3, true).
Rules Breakout The Phases Zone
Long Entry
Wait that the price broken the support or resistance area (red zone or green zone) from down to up.
MA-shade green bar.
Damiani Volameter green line above white line (optional)
Initial stop loss 5 pips below the Phase Zone H1 TF ( TF H4 15 pips)
Make profit on the next pivot level or profit target predetermined ratio 1.3 stop loss.
Short Entry
Wait that the price broken the support or resistance area (red zone or green zone) from up to down.
MA-shade blue bar.
Damiani Volameter green line above white line (optional).
Initial stop loss 5 pips above the Phase Zone H1 TF ( TF H4 15 pips).
Make profit on the next pivot level or profit target predetermined ratio 1.3 stop loss.
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 Phases Zone Breakout Trading Strategy?
- Download Forex Phases Zone 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 Phases Zone 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”.
