Congestion Breakout Forex Trading System
The congestion breakout strategy is a trading system based on Congestion Breakout indicator filtered by ADX indicator and CCI indicator. This works on a 15-minute or higher timeframe that can be used in all currency pairs.
MT4 Indicators:
- Congestion Breakout;
- CCI (14)
- ADX With D+and D-.
Long Entry:
- When price close above the upper band ,CCI>125 and ADX>25.
Short Entry:
- When price close below the Lower band, CCI <-25 and ADX>25.
Exit Position:
- Any Timeframe aggressive Target Profit.
- Place stop Loss on opposite Band.
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