60 Minute Forex Breakout Strategy

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60 minute Forex Breakout Strategy

This breakout system is for intraday. It trades on breakouts of the range established in the first hour of trading. This system works on all trading session and
applicable to any timeframe.

Rules for LONG trades:

  • Buy if the closing price of the third 30-minute bar is above the high of the first 60 minutes of the day.

Rules for SHORT trades:

  • Sell short if the closing price of the third 30-minute bar is below the low of the first 60 minutes of the day.

Exit all positions on signals in the opposite direction or at the end of the day.

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