Tunnel With Box Forex Breakout Strategy

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Tunnel With Box Forex Breakout Strategy

This is a breakout strategy. The box 1 green color is formed in the Asian session. You can use this system during London and New York sessions.This system interacts with the tunnel indicator in a 15 minute timeframe. The tunnel indicator determines a trend. Advise is take a trade only in a direction of the trend and when there is a rectangle formed, then do not take a trade. You can use this strategy in any currency pairs.

Forex Indicators:

  • Asian breakout box V.5;
  • Tunnel Indicator (risk model 1, Ma1 144, MA2 169).
  • MACD (12, 26,9)

Rules for BUY:

  • Place a Buy Stop order 5 pips above the rectancle powder blue.
  • Exit using MACD indicator or profit target.

Rules for SELL:

  • Place a Buy Stop order 8 pips below the rectancle powder blue.
  • Exit using MACD indicator or profit target.

Note:

  • If during the London session there was the breakout or there was a false breakout, you can enter the session New York.
  • If you decide to trade when a rectangle is formed in the tunnel indicator, then take profit immediately about 10-15 pips.

Take profit at 40-55 pips for USDCHF, AUDUSD 40-45 pips, EURUSD 50 pips, GBPUSD 55 pips USDJPY 40 pips.

Place initial stop loss 30 pips after 30 pips in gain move stop loss at +10 pips.


Forex Trading Strategies Installation Instructions

Tunnel With Box 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.

Tunnel With Box 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 Tunnel With Box Forex Breakout Strategy?

  • Download Tunnel With Box 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 Tunnel With Box Forex Breakout Strategy
  • You will see Tunnel With Box 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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