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.
Recommended MT4 Brokers
XM Broker
- Free $50 To Start Trading Instantly! (Withdraw-able Profit)
- Deposit Bonus up to $5,000
- Unlimited Loyalty Program
- Award Winning Forex Broker
- Additional Exclusive Bonuses Throughout The Year
>> Sign Up for XM Broker Account here <<
FBS Broker
- Trade 100 Bonus: Free $100 to kickstart your trading journey!
- 100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
- Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
- ‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
- Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.
>> Sign Up for FBS Broker Account here <<
Click here below to download: