Forex Secret Revealed Breakout Trading Strategy
Forex Secret Revealed Breakout Trading Strategy;
The Breakout box trading system is to get 20 pips of profits on each pair thus making profits of upto 80 pips a day.
Time Frame 60 min;
Currency pairs: You can trade 4 to 6 pairs at a time, such as EUR/USD, EUR/JPY, GBP/USD, GBP/JPY, EUR/GBP, USD/JPY.
Metatrader Indicators:
- Support and Resistance;
- TREND INDICATOR: The Secret trend reversal (ADX, Momentum 5, MACD 5,11, 2);
- RSI (21)
- Trading zone indicator;
- Asian Box Brekout indicator;
- Pivot lines.
Sell
Yellow resistance on the top;
Trend indicator is red;
RSI (21) is also red;
Trading Zone is Red.
Place an pendig sell order 5 pips below the box.
Buy
white support on the bottom;
Trend indicator is green;
RSI (21) is also green;
Trading Zone is green.
Place an pendig buy order 5 pips above the box.
Exit position:
Profit Target 18-25 pips depends by currency pair, or on the pivot lines.
Initial stop loss 20-25 pips, After 15 pips in gain move stop loss at the entry price.
Example
Here is the Chart . Entry time 07:00 UK Time. We now analyse the Market through the Indicators that we have on the chart.
The first thing is the Yellow Resistance line on top, this gives us an indication of the market going down. Next is the Trend Indicator is also Red, confirming the downtrend. The other 2 Indicators, the RSI and the trading Zone that we notice are also pointing downwards. This confirms our selection for Sell Order Only. We place an pending order 5 pips below the Asian breakout box.
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 Secret Revealed Breakout Trading Strategy?
- Download Forex Secret Revealed 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 Secret Revealed 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”.
