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True Forex Breakout Strategy
This is a breakout strategy that is easy to use.
Here are the rules for this strategy:
- As soon as signal shows up, then you can enter a trade.
- Avoid trading in a no trade zone even if signal appears. Just trade if price has not moved too far away from it because you can’t utilize the profit.
This is the IDEAL SETUP:
- When you observe that the price just broke the support or resistance zone, then take the signal.
- Always take the first signal. Second signal can be considered provided it is stronger than the previous.
Here are some examples:
- Example 1: If the first signal is a HIGH hitrate signal and you already hit tp, then ignore all the GOOD hitrate signals within the same day.
- Example 2: if a GOOD hitrate signal happens and you miss the trade. Then afterwards, a HIGH hitrate signal happens, you can take the HIGH hitrate signal because it is stronger. Provided that it is not near on the “NO TRADE ZONE”.
Note: The approximate stop loss is marked by “X” on the screen. Its best to add 3-5 pips for our spread.
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