Range Forex Breakout Strategy
This is a breakout system where we look at the break of the market from its ranging situation. This works in a 15 minute timeframe and applicable to any of the currency pairs.
Fractals support and resistance
MA Envelope 50
The candle of the price breaks and closes above goldenroad line.
The price must be greater than Xi dashboard line aqua.
The candle of the price, breaks and closes below up goldenroad line.
The price must beless than Xi dashboard line aqua.
Set stop loss on the 50 MA red.
Target profit is at 0-60 pips depends by currency pairs:
Recommended: EURUSD 50 pips, USDCHF 40 pips, USDCAD 40 pips, GBPUSD 60 pips, GBPJPY 60 pips, EURJPY 55 pips.
Optional, after 30 pips in gain, move stop loss at entry price.
How to install Range Forex Breakout Strategy?
Download Range 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 Range Forex Breakout Strategy
You will see Range Forex Breakout Strategy is available on your Chart
Click here below to download:
August 09, 2019
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