Forex Super Day Breakout Trading Strategy

Forex Super Day Breakout Trading Strategy

Forex Super Day Breakout Trading Strategy;

Forex Super Day Breakout Trading Strategy

Channel Breakout for Day Trading is a simple breakout strategy suitable for day trading. This trading system is based on the indicators channel breakout and Bollinger Bands Width as filter.

This strategy is also suitable for multi position trading.

Channel breakout is suitable at the martingale.

This is a winning strategy.

Trading Session London and New York.

Currency pairs: AUD/USD, GBP/USD, EUR/USD, USD/JPY, USD/CAD.

Time frame 15 min

Metatrader Indicators

Channel Breakout Entry default setting.

Bollinger Bands Width setting : (20, 2.0), filter levels GBP/USD 25, AUD/USD 20, EUR/USD 22, USD/JPY 23.

Scalper indicator 25.

Trading Rules Channel breakout for day trading

Buy

Bollinger Bands Width above the filter level.

Scalper indicator blue line.

Channel breakout entry grey dot below the.

Exit when Scalper indicator changes color or with predetermine profit target.

Initial stop loss 12-18 pips dependes by pairs.

Sell

Bollinger Bands Width above the filter level.

Scalper indicator yellow line.

Channel breakout entry grey dot above the price.

Exit when Scalper indicator changes color or with predetermine profit target.

Initial stop loss 12-18 pips dependes by pairs.

Multiposition trading

Make all entries if BB width is higher than the level and MA BBwidth is greater than the MA.

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 Super Day Breakout Trading Strategy?

  • Download Forex Super Day 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 Super Day 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”.

Download Free Forex Super Day Breakout Trading Strategy

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