Forex Strike Intraday Breakout Trading Strategy
Forex Strike Intraday Breakout Trading Strategy;
Breakout direction Intraday is a trading system based on advanced box breakout indicator. Here I shows two ways for trading with box breakout indicator.
First filtered by Support and resistance,
Second with the best setting for I-regrssion channel.
These methods are also good for trading with binary/options.
Time Frame 30 min.
Finanncial Market: any.
Box Breakout filtered by Support and Resistance
Trade plus Zone (Box 00:06 -00:09, End session 00:00 with target zone area)
Support and resistance indicator.
Buy
If the price si above support only buy.
Place a pendig order 3 pips above buy level.
Sell
If the price si below resistance only sell.
Place a pendig order 3 pips below sell level.
Target Area acqua color.
Place initial stop loss of 25 pips after 18 pips in gain move stop loss at the entry price.
Metatrader Indicators
Trendline channel I-regression (period 300, degree 3- dev 1,618, 2,618, 3,618)
Box Breakout with target zone,
Trader dynamic index with cloud (default setting).
If I-regression Channel pointing up look for buy
If I-regression Channel pointing down look for sell
Target Area gray color
additionals target area upper and lower bands
Best buy
Channel pointing up
price into lower bands (blue and red color),
Traders dynamic index cloud green color.
Best Sell
price into lower bands (blue and red color),
Traders dynamic index cloud red color.
Target Area gray color
additionals target area upper and lower bands
Place Stop loss Below the upper/lower bands or 25 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 Strike Intraday Breakout Trading Strategy?
- Download Forex Strike Intraday 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 Strike Intraday 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”.
