Breakout Forex Trading System

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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:

  1. To see an indication on the desktop of the Valsasholic indicator and filter with Woodies.
  2. CCIhistogram is greater than 0.

Short Entry:

  1. To see an indication on the desktop of the Valsasholic indicator and filter with Woodies.
  2. 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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