Secret Revealed Forex Breakout Strategy
This breakout strategy aims to get 20 pips of profits on each pair to 80 pips a day. This system works on a 60 minute timeframe and applicable to 4 to 6 currency pairs
at a time. Recommended pairs are EU, EJ, GU, GJ, EG and UJ.
Forex Indicators:
- Support and Resistance;
- TREND INDICATOR: The Secret trend reversal (ADX, Momentum 5, MACD 5,11, 2);
- RSI (21)
- Trading zone indicator;
- Asian Box Brekout indicator;
- Pivot lines.
Sell Entry:
- Yellow resistance on the top;
- Trend indicator is red;
- RSI (21) is also red;
- Trading Zone is Red.
- Place an pendig sell order 5 pips below the box.
Buy Entry:
- white support on the bottom;
- Trend indicator is green;
- RSI (21) is also green;
- Trading Zone is green.
- Place an pending buy order 5 pips above the box.
Exit position:
- Take profit at 18-25 pips depending on the currency pair or you can exit on the pivot lines.
- Initial stop loss 20-25 pips, After 15 pips in gain move stop loss at the entry price.
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