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Breakout Forex Trading System
The breakout strategy is a trading system based on the breakout with CCI woodies indicator. This is useful in any major currency pairs. This system works best on a 15-minute timeframe.
Metatrader Indicators:
- Valasholic13;
- Woodies CCI HMA (21 A period, 8 B period).
Long Entry:
- To see an indication on the desktop of the Valsasholic indicator and filter with Woodies.
- CCIhistogram is greater than 0.
Short Entry:
- To see an indication on the desktop of the Valsasholic indicator and filter with Woodies.
- CCIhistogram is less than 0.
Exit Position:
- Stop loss: 20-30 pips;
Target: to see an indication on the desktop of the Valsasholic indicator.
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