Grucha Channel Forex Breakout Strategy
Table of Contents
This is a breakout strategy that is for scalping and works on a 15 minute chart. This is applicable to any currency pairs and can only be used in New York and London Session.
- Grucha Channel,
- Profitable Trend strength,
- pivot levels.
- Price must close above upper band.
- Profitable Trend strength confirmed with yellow bar buy at open next bar.
- The price must close below lower band.
- Profitable Trend strength confirmed with red bar sell at open next bar.
- At the level of the pivots;
- Profit Target Predetermined: EURUSD 15 pips; AUDUSD 12 pips; GBPUSD 18pips.)
- Set stop loss on the previous swing or 15-20 pips.
Forex Trading Strategies Installation Instructions
Grucha 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.
Grucha 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 Grucha Channel Forex Breakout Strategy?
- Download Grucha 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 Grucha Channel Forex Breakout Strategy
- You will see Grucha 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: