Intraday Forex Breakout Strategy
This strategy is said to be a real intraday strategy that find the direction of the price. This works on a 15 minute timeframe. You can use this not just in Forex but also in indices,
MA Parabolic st 2.1 ( MA 14, Parabolic 0.1 – step 0.11);
Price action channel ( EMA 3 high – EMA 3 Low);
Breakout Box, (Start 03:00 – End 18:00);
Breakout Daily Targets;
ITM Signal (14, Cycle 5);
Flat Indicator (default setting).
The price must be in the price action channel and breaks up the box.
Buy if ITM Signal is green, Flat indicator is green and the price is above the MA parabolic indicator.
The price must break downward the box and the price is into the price action channel.
Sell if ITM Signal is red, Flat indicator is red and the price is below the MA parabolic indicator.
Re-entry is optional but you can do it in the same conditions above.
Exit on the daily targets.
Place stop loss on the previous high/low swing and move stop loss at the break even with 15 pips in gain.
Forex Trading Strategies Installation Instructions
Intraday Forex Breakout Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.
The essence of this forex strategy is to transform the accumulated history data and trading signals.
Intraday Forex Breakout Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust this strategy accordingly.
How to install Intraday Forex Breakout Strategy?
Download Intraday 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 Intraday Forex Breakout Strategy
You will see Intraday Forex Breakout Strategy is available on your Chart
Click here below to download:
August 12, 2019
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