60 minute Forex Breakout Strategy
Table of Contents
This breakout system is for intraday. It trades on breakouts of the range established in the first hour of trading. This system works on all trading session and
applicable to any timeframe.
Rules for LONG trades:
- Buy if the closing price of the third 30-minute bar is above the high of the first 60 minutes of the day.
Rules for SHORT trades:
- Sell short if the closing price of the third 30-minute bar is below the low of the first 60 minutes of the day.
Exit all positions on signals in the opposite direction or at the end of the day.
Forex Trading Strategies Installation Instructions
60 Minute 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.
60 Minute 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 60 Minute Forex Breakout Strategy?
- Download 60 Minute 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 60 Minute Forex Breakout Strategy
- You will see 60 Minute 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: