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.

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