Morning Forex Breakout Strategy

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Morning Forex Breakout Strategy

This is a price action strategy filtered with the trend of the market. Use this system in a 1 hour timeframe and on
EURUSD, GBPUSD and AUDUSD pairs.

Forex Indicators:

  • Box Breakout ( setting: 00:00, 8:00 GMT Berlin);
  • Filter (Trend Friend is a trend indicator that gives you three signals on multiple timeframes.
    Its basis is recommendations on short and long moving averages and MACD.
    Indicator Signals are: MACD (12, 24, 6), EMA short ( 7, 14, ) EMA Long (34, 72).

First Entry 8:00-15:00

  • After the 8:00 of the morning GMT Berlin place two pending order: buy 1 pips above the higher of the box , sell 1 pips below the lower of the box.

Second Entry 16:00 21:00

  • Entry Buy if the price is above the box with trend filter that confirm the trend direction.
  • Entry Sell if the price is below the box with trend filter that confirm the trend direction.

Confirm the order that agree with the trend filter.

Trend filter conditions for confirm the order:

  • Buy time frame 30 min, 60 min and 240 min all arrows green up;
  • Sell time frame 30 min, 60 min and 240 min all arrows red down.

First Entry 9-15, Second entry 16- 21.

Profit Target first and Second entry: EUR/USD 20 pips GBP/USD 25 pips, AUD/USD 20 pips.

Stop loss first entry the opposite border, second entry 20 pips

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