Direction Forex Breakout Strategy

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Direction Forex Breakout Strategy

This is based on an advanced box breakout indicator. This works on a 30 minute timeframe and applicable to any market.

There are 2 ways to use this system:

  • First filtered by Support and resistance,
  • Second with the best setting for I-regression channel.

For filtered by Support and Resistance:

Forex Indicators:

  • Trade plus Zone (Box 00:06 -00:09, End session 00:00 with target zone area)
  • Support and resistance indicator.

Buy Entry:

  • The price must be above support.
  • Place a pending order 3 pips above buy level.

Sell Entry:

  • The price must be below resistance.
  • Place a pending order 3 pips below sell level.

Target Area: aqua color.
Place initial stop loss of 25 pips after 18 pips in gain move stop loss at the entry price.

For I- Regression:

Forex Indicators:

  • Trendline channel I-regression (period 300, degree 3- dev 1,618, 2,618, 3,618)
  • Box Breakout with target zone,
  • Daily Range optional,
  • Trader dynamic index with cloud (default setting).

If I-regression Channel pointing up look for buy

If I-regression Channel pointing down look for sell
Target Area gray color

additionals target area upper and lower bands

Buy Entry:

  • Channel pointing up
  • price into lower bands (blue and red color),
  • Traders dynamic index cloud green color.

Sell Entry:

  • Channel pointing down
  • price into lower bands (blue and red color),
  • Traders dynamic index cloud red color.

Target Area: gray color

Additionals target area upper and lower bands

Place Stop loss Below the upper/lower bands or 25 pips.


Forex Trading Strategies Installation Instructions

Direction 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.

Direction 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 Direction Forex Breakout Strategy?

  • Download Direction 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 onTemplate
  • Move right to select Direction Forex Breakout Strategy
  • You will see Direction 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.

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