One Hour Forex Breakout Strategy

Tim Morris

August 24, 2016

6431

One Hour Forex Breakout Strategy

This system works on a 1 hour timeframe and is applicable to all currency pairs.

Forex Indicators:

5SMA High and Low;
MACD (8, 21, 8);
Bollinger Bands (2, 20) on RSI (13).

Long Entry:

Price must pull above the 5 SMA of the high and close above.
Buying signal for MACD.
Stochastic must be recently over sold under the 20 and be headed up.
RSI must be above the green middle Bollinger Band line and be above the 50 level as well .

Short Entry:

Selling signal must be seen on MACD.
Price must drop below the 5 SMMA of the low and close below it
Stochastic must be recently over bought above 80 and be headed down
RSI must be below the green middle Bollinger Band line and be below the 50 level as well.

Exit Position:

Exit trade When the price is 3 pips above o below opposite 5 SMA.

Place Stop Loss at the previous swing point or 55-80 pips away from entry.
Profit Target: On the levels pivot, 50-70 pips.

Forex Trading Strategies Installation Instructions

One Hour 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.

One Hour 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.