Direction Forex Breakout Strategy
This is based on an advanced box breakout indicator. This works on a 30 minute timeframe and applicable to any market.
There are 2 ways to use this system:
- First filtered by Support and resistance,
- Second with the best setting for I-regression channel.
For filtered by Support and Resistance:
Forex  Indicators:
- Trade plus Zone (Box 00:06 -00:09, End session 00:00 with target zone area)
- Support and resistance indicator.
Buy Entry:
- The price must be above support.
- Place a pending order 3 pips above buy level.
Sell Entry:
- The price must be below resistance.
- Place a pending order 3 pips below sell level.
Target Area: aqua color.
Place initial stop loss of 25 pips after 18 pips in gain move stop loss at the entry price.
For I- Regression:
Forex  Indicators:
- Trendline channel I-regression (period 300, degree 3- dev 1,618, 2,618, 3,618)
- Box Breakout with target zone,
- Daily Range optional,
- Trader dynamic index with cloud (default setting).
If I-regression Channel pointing up look for buy
If I-regression Channel pointing down look for sell
Target Area gray color
additionals target area upper and lower bands
Buy Entry:
- Channel pointing up
- price into lower bands (blue and red color),
- Traders dynamic index cloud green color.
Sell Entry:
- Channel pointing down
- price into lower bands (blue and red color),
- Traders dynamic index cloud red color.
Target Area: gray color
Additionals target area upper and lower bands
Place Stop loss Below the upper/lower bands or 25 pips.
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