Intraday Forex Breakout Strategy

0
697

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.

Recommended MT4 Broker

  • Free $50 To Start Trading Instantly! (Withdrawable Profit)
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Award Winning Forex Broker
  • Additional Exclusive Bonuses Throughout The Year

Recommended broker

>> Claim Your $50 Bonus Here <<

Click here below to download:

Save

Save



Get Download Access

LEAVE A REPLY

Please enter your comment!
Please enter your name here