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Tunnel With Box Forex Breakout Strategy
This is a breakout strategy. The box 1 green color is formed in the Asian session. You can use this system during London and New York sessions.This system interacts with the tunnel indicator in a 15 minute timeframe. The tunnel indicator determines a trend. Advise is take a trade only in a direction of the trend and when there is a rectangle formed, then do not take a trade. You can use this strategy in any currency pairs.
Forex Indicators:
- Asian breakout box V.5;
- Tunnel Indicator (risk model 1, Ma1 144, MA2 169).
- MACD (12, 26,9)
Rules for BUY:
- Place a Buy Stop order 5 pips above the rectancle powder blue.
- Exit using MACD indicator or profit target.
Rules for SELL:
- Place a Buy Stop order 8 pips below the rectancle powder blue.
- Exit using MACD indicator or profit target.
Note:
- If during the London session there was the breakout or there was a false breakout, you can enter the session New York.
- If you decide to trade when a rectangle is formed in the tunnel indicator, then take profit immediately about 10-15 pips.
Take profit at 40-55 pips for USDCHF, AUDUSD 40-45 pips, EURUSD 50 pips, GBPUSD 55 pips USDJPY 40 pips.
Place initial stop loss 30 pips after 30 pips in gain move stop loss at +10 pips.
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