Forex Breakout Strategy

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Forex Breakout Strategy

This strategy works on a 15 minute or 30 minute timeframe. Apllicable to all major pairs.

Forex  Indicators:

  • Pivot levels,
  • Box Breakout ( period begin 3:00; period end 6:00);
  • Moving average smoothed 21;
  • Moving average smoothed 11;
  • Ama Slope;
  • angle indicator;
  • Dynamic zone RSI (optional).
  • Rules FX Breakout

Buy Entry:

  • Price close above Blue box;
  • Moving average 11 above moving average 21;
  • Angle indicator above zero level;
  • Ama slope green bar;
  • RSI Dynamic above upper band (optional).

Sell Entry:

  • Price close below Blue box;
  • Moving average 11 below moving average 21;
  • Angle indicator below zero level;
  • Ama slope bar;
  • RSI Dynamic below lower band (optional).

Exit position:

  • You can get out at the pivot levels,
  • Use trail stop 15- 20 pips,
  • Take profit at 15-20 pips depend by currency pairs.
  • Initial stop loss 25-30 pips.

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