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.

Forex Indicators:

  • Fractals
  • Fractals support and resistance
  • IB+OB
  • anti-GUBreakout
  • Xi- breakout
  • Bn levels
  • MA Envelope 50

Long Entry:

  • The candle of the price breaks and closes above goldenroad line.
  • The price must be greater than Xi dashboard line aqua.

Short Entry:

  • 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:

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