Morning Forex Breakout Strategy
Table of Contents
- 1 Morning Forex Breakout Strategy
This is a price action strategy filtered with the trend of the market. Use this system in a 1 hour timeframe and on
EURUSD, GBPUSD and AUDUSD pairs.
- Box Breakout ( setting: 00:00, 8:00 GMT Berlin);
- Filter (Trend Friend is a trend indicator that gives you three signals on multiple timeframes.
Its basis is recommendations on short and long moving averages and MACD.
Indicator Signals are: MACD (12, 24, 6), EMA short ( 7, 14, ) EMA Long (34, 72).
First Entry 8:00-15:00
- After the 8:00 of the morning GMT Berlin place two pending order: buy 1 pips above the higher of the box , sell 1 pips below the lower of the box.
Second Entry 16:00 21:00
- Entry Buy if the price is above the box with trend filter that confirm the trend direction.
- Entry Sell if the price is below the box with trend filter that confirm the trend direction.
Confirm the order that agree with the trend filter.
Trend filter conditions for confirm the order:
- Buy time frame 30 min, 60 min and 240 min all arrows green up;
- Sell time frame 30 min, 60 min and 240 min all arrows red down.
First Entry 9-15, Second entry 16- 21.
Profit Target first and Second entry: EUR/USD 20 pips GBP/USD 25 pips, AUD/USD 20 pips.
Stop loss first entry the opposite border, second entry 20 pips
Forex Trading Strategies Installation Instructions
Morning 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.
Morning 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 Morning Forex Breakout Strategy?
- Download Morning 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 Morning Forex Breakout Strategy
- You will see Morning 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: