Breakout Strategies - One Hour Forex Breakout Strategy
This system works on a 1 hour timeframe and is applicable to all currency pairs.
5SMA High and Low;
MACD (8, 21, 8);
Bollinger Bands (2, 20) on RSI (13).
Price must pull above the 5 SMA of the high and close above.
Buying signal for MACD.
Stochastic must be recently over sold under the 20 and be headed up.
RSI must be above the green middle Bollinger Band line and be above the 50 level as well .
Selling signal must be seen on MACD.
Price must drop below the 5 SMMA of the low and close below it
Stochastic must be recently over bought above 80 and be headed down
RSI must be below the green middle Bollinger Band line and be below the 50 level as well.
Exit trade When the price is 3 pips above o below opposite 5 SMA.
Place Stop Loss at the previous swing point or 55-80 pips away from entry.
Profit Target: On the levels pivot, 50-70 pips.
How to install One Hour Forex Breakout Strategy?
Download One Hour 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 on “Template”
Move right to select One Hour Forex Breakout Strategy
You will see One Hour Forex Breakout Strategy is available on your Chart
Click here below to download:
August 07, 2019
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