True Forex Breakout Strategy

0
960

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.

Recommended MT4 Brokers

XM Broker

  • Free $50 To Start Trading Instantly! (Withdraw-able Profit)
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Award Winning Forex Broker
  • Additional Exclusive Bonuses Throughout The Year

XM broker

>> Sign Up for XM Broker Account here <<

FBS Broker

  • Trade 100 Bonus: Free $100 to kickstart your trading journey!
  • 100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
  • Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
  • ‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
  • Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.

fbs broker

>> Sign Up for FBS Broker Account here <<

Click here below to download:

Save

Save



Get Download Access

Get Smarter About Forex Trading Using Indicators

Join 100,000+ subscribers and get our 5 min daily newsletter on what matters in forex.

We do not sell or share your information with anyone.

LEAVE A REPLY

Please enter your comment!
Please enter your name here