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