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.

How to install Direction Forex Breakout Strategy?

  • Download Direction Forex Breakout
  • 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 Direction Forex Breakout Strategy
  • You will see Direction Forex Breakout Strategy is available on your Chart

Click here below to download:

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