HomeForex Breakout StrategiesDirection Forex Breakout Strategy

Direction Forex Breakout Strategy

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.

Recommended MT4 Broker

  • Free $50 To Start Trading Instantly! (Withdrawable Profit)
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Award Winning Forex Broker
  • Additional Exclusive Bonuses Throughout The Year

Recommended broker

>> Claim Your $50 Bonus Here <<

Click here below to download:

Save

Save



Get Download Access

Tim Morris
Tim Morrishttps://www.forexmt4indicators.com/
Tim Morris is a work from home dad, home-based forex trader, writer and blogger by passion. He likes to research and share the latest forex trading strategies and forex indicators on ForexMT4Indicators.com. His passion is to let everyone to be able to learn and download different types of forex trading strategies and mt4/mt5 indicators at ForexMT4Indicators.com
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular MT4 Indicators

Most Popular MT5 Indicators