EMA Channel Forex Breakout Strategy
Table of Contents
- 1 EMA Channel Forex Breakout Strategy
This is another breakout strategy that works on a 15 minute or 30 minute chart and is applicable to GBP and EUR pairs.
- EMA Channel
- Box Breakout
Setting Metatrader indicators:
- end hour: 7
- end minute:30
- bars to count:7
- expire after X bar:22
Box Breakout is an indicator for 4 digit but works also with 5 digit.
- Target 1 20 pips = target 2 200 pips,
- Target 2 40 pips=Target 400 pips,
- Target 3 60 pips=600.
Trade only by following the direction of the EMA channel.
For buy entry:
- Wait until the middle band EMA channel is green.
For sell entry:
- Wait until the middle band EMA channel is red.
Set stop loss at 20 pips from entry into the market.
You can also use trail stop.
Forex Trading Strategies Installation Instructions
EMA 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.
EMA 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 EMA Channel Forex Breakout Strategy?
- Download EMA 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 EMA Channel Forex Breakout Strategy
- You will see EMA 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: