True Forex Breakout Strategy

This is a breakout strategy that is easy to use.

Here are the rules for this strategy:

  • As soon as signal shows up, then you can enter a trade.
  • Avoid trading in a no trade zone even if signal appears. Just trade if price has not moved too far away from it because you can’t utilize the profit.

This is the IDEAL SETUP:

  • When you observe that the price just broke the support or resistance zone, then take the signal.
  • Always take the first signal. Second signal can be considered provided it is stronger than the previous.

Here are some examples:

  • Example 1: If the first signal is a HIGH hitrate signal and you already hit tp, then ignore all the GOOD hitrate signals within the same day.
  • Example 2: if a GOOD hitrate signal happens and you miss the trade. Then afterwards, a HIGH hitrate signal happens, you can take the HIGH hitrate signal because it is stronger. Provided that it is not near on the “NO TRADE ZONE”.
Note: The approximate stop loss is marked by “X” on the screen. Its best to add 3-5 pips for our spread.

How to install True Forex Breakout Strategy?

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

Click here below to download:

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