Channel Forex Breakout Strategy
Table of Contents
This system is based on volatility and breakouts. Use this system in a 15 minute and higher timeframe.
This can be used in other market such as Stocks, forex, commodities and indices.
- Channel Breakout ATR default setting.
- New ABHAFX Timing.
- ADX optional.
- Place a pending buy order 2 pips above the green dot.
- Place a pending sell order 2 pips below the green dot.
Green dot is safer and has few false signal. Use green dot as identifier of entry.
- Stop loss must be placed on the previous swing high/low or 2 pips above/below the setup bar.
- Profit Target ratio 1:1 but for high profitability ratio 0.3:1 example if you stop loss is 30 pips you profit target is 10 pips.
- You can use trail stop.
Forex Trading Strategies Installation Instructions
Channel 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.
Channel 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 Channel Forex Breakout Strategy?
- Download Channel 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 Channel Forex Breakout Strategy
- You will see Channel 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: