EMA Channel Forex Breakout Strategy
This is another breakout strategy that works on a 15 minute or 30 minute chart and is applicable to GBP and EUR pairs.
Setting Metatrader indicators:
end hour: 7
bars to count:7
expire after X bar:22
Box Breakout is an indicator for 4 digit but works also with 5 digit.
Target 1 20 pips = target 2 200 pips,
Target 2 40 pips=Target 400 pips,
Target 3 60 pips=600.
Trade only by following the direction of the EMA channel.
For buy entry:
Wait until the middle band EMA channel is green.
For sell entry:
Wait until the middle band EMA channel is red.
Set stop loss at 20 pips from entry into the market.
You can also use trail stop.
How to install EMA Channel Forex Breakout Strategy?
Download EMA Channel 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 EMA Channel Forex Breakout Strategy
You will see EMA Channel Forex Breakout Strategy is available on your Chart
Click here below to download:
August 09, 2019
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