Forex Verbtheorys Breakout Trading Strategy
Forex Verbtheorys Breakout Trading Strategy:
VERBTHEORY’S DAY BREAK TRADING RULES v1.0
•Enter pending orders at 23:30 GMT, no earlier.
•Entry = previous day’s high & low +/-10 pip offset rounded respectively
•TP = 80 pips
•SL = Other side of candle
•Target 1 = 20%, stop move to break even
•Target 2 = 50%, stop moved to 20 pips
•At 70 pips, stop moved to 50 pips
•Target 3 = 100%
•Positions = 3
charting. Their server time is calibrated to GMT.
•This system is calibrated at 00:00 GMT. VERY important.
2.Enter pending buy stop at previous day’s high PLUS10 pips with 3 positions.
•Stop loss = previous day’s low
3.Enter pending short stop at previous day’s low MINUS10 pipswith 3 positions.
4.Setup MTP3.4 with following:
•First Target = 20
•Target Increment = 30
•Close Lots = 0.1
•Move Stops = True
•First Stop Target = 20
•First Stop = 2
•Second Stop Target = 50
•Second Stop = 20
•Third Stop Target = 70
•Third Stop = 50
•Use Max Loss = False
•Max Loss = 20
5.Don’t tamper with the trade. Stick to the plan.
6.Walk away and enjoy your life.
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 Verbtheorys Breakout Trading Strategy?
- Download Forex Verbtheorys 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 Verbtheorys 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”.