HomeForex Breakout StrategiesIntraday Forex Breakout Strategy

Intraday Forex Breakout Strategy

Intraday Forex Breakout Strategy

This strategy is said to be a real intraday strategy that find the direction of the price. This works on a 15 minute timeframe. You can use this not just in Forex but also in indices,

Forex Indicators:

  • MA Parabolic st 2.1 ( MA 14, Parabolic 0.1 – step 0.11);
  • Price action channel ( EMA 3 high – EMA 3 Low);
  • T&C Wonders;
  • Breakout Box, (Start 03:00 – End 18:00);
  • Breakout Daily Targets;
  • ITM Signal (14, Cycle 5);
  • Flat Indicator (default setting).

Buy Entry:

  • The price must be in the price action channel and breaks up the box.
  • Buy if ITM Signal is green, Flat indicator is green and the price is above the MA parabolic indicator.

Sell Entry:

  • The price must break downward the box and the price is into the price action channel.
  • Sell if ITM Signal is red, Flat indicator is red and the price is below the MA parabolic indicator.

Re-entry is optional but you can do it in the same conditions above.
Exit on the daily targets.

Place stop loss on the previous high/low swing and move stop loss at the break even with 15 pips in gain.

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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
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