Forex Breakout Strategy
Table of Contents
This strategy works on a 15 minute or 30 minute timeframe. Apllicable to all major pairs.
- Pivot levels,
- Box Breakout ( period begin 3:00; period end 6:00);
- Moving average smoothed 21;
- Moving average smoothed 11;
- Ama Slope;
- angle indicator;
- Dynamic zone RSI (optional).
- Rules FX Breakout
- Price close above Blue box;
- Moving average 11 above moving average 21;
- Angle indicator above zero level;
- Ama slope green bar;
- RSI Dynamic above upper band (optional).
- Price close below Blue box;
- Moving average 11 below moving average 21;
- Angle indicator below zero level;
- Ama slope bar;
- RSI Dynamic below lower band (optional).
- You can get out at the pivot levels,
- Use trail stop 15- 20 pips,
- Take profit at 15-20 pips depend by currency pairs.
- Initial stop loss 25-30 pips.
Forex Trading Strategies Installation Instructions
Forex Breakout Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.
The essence of this forex strategy is to transform the accumulated history data and trading signals.
Forex Breakout Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust this strategy accordingly.
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How to install Forex Breakout Strategy?
- Download Forex Breakout 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
- Right click on your trading chart and hover on “Template”
- Move right to select Forex Breakout Strategy
- You will see Forex Breakout Strategy is available on your Chart
*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.
Click here below to download: