Forex Trend Line Breakout Trading Strategy
Forex Trend Line Breakout Trading Strategy;
Markets: Forex, CFD, Futures, Indicies, Metals.
Time Frame H1 or Higher (best time Frame 4H or 8H, 12H or daily).
The first indicator is the one called “DeMark Breakout’’.
This indicator tell us, where and when to buy/sell. And where to place our stop loss and targets.
Buy Zone is the area above the Blue trend line. When price cross this line, time to buy
the currency pair. If price cross the Red trend line, that’s a SELL signal.
You will notice a white dot on the top or below the candles. Those dots tell us
where to place our stop loss when we enter the market.
If you can’t see the white dot, you can change the settings of the Demarke indicator as follows: (change the width of the dot to be larger).
For confirmations, we are going to use a second indicator. The one called ‘’BBand
We are only going to sell, when the last arrow/trend line before breakout was a red
arrow – Red dotted Line.
And we are only going to buy, when the last arrow/trend line before breakout was a
blue arrow – blue dotted Line.
Stoploss : Last support/resistance ( white dots ) Target: Horizontal target line.
1 – Price breaks the Blue Trend Line ( DeMark Breakout indicator )
2 – Last arrow signal was from a blue arrow/dotted blue line ( BBands Stop indicator )
If both conditions didn’t happen at the same time = No Trade.
1 – Price breaks the Red Trend Line ( DeMark Breakout indicator )
2 – Last arrow signal was from a red arrow/dotted red line ( BBands Stop indicator )
Use trailing stop loss to lock your profits
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 Trend Line Breakout Trading Strategy?
- Download Forex Trend Line 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 Trend Line 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”.