Range Forex Breakout Strategy
Table of Contents
This is a breakout system where we look at the break of the market from its ranging situation. This works in a 15 minute timeframe and applicable to any of the currency pairs.
- Fractals support and resistance
- Xi- breakout
- Bn levels
- MA Envelope 50
- The candle of the price breaks and closes above goldenroad line.
- The price must be greater than Xi dashboard line aqua.
- The candle of the price, breaks and closes below up goldenroad line.
- The price must beless than Xi dashboard line aqua.
- Set stop loss on the 50 MA red.
- Target profit is at 0-60 pips depends by currency pairs:
Recommended: EURUSD 50 pips, USDCHF 40 pips, USDCAD 40 pips, GBPUSD 60 pips, GBPJPY 60 pips, EURJPY 55 pips.
Optional, after 30 pips in gain, move stop loss at entry price.
Forex Trading Strategies Installation Instructions
Range 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.
Range 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 Range Forex Breakout Strategy?
- Download Range 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 Range Forex Breakout Strategy
- You will see Range 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: