68# FX Breakout
Box Breakout filtered with moving averages and angle indicator
Submit by Cerasel' 24/02/2016
FX Breakout is a strategy similar at the London breakout but i have ad more filters.
Box Breakout intraday is a profitable strategy.
Time Frame 15 min or 30 min.
Currency pairs: EUR/USD, GBP/USD, USD/CHF, AUD/USD, NZD/USD, USD/JPY, USD/CAD.
Box Breakout ( period begin 3:00; period end 6:00);
Moving average smoothed 21;
Moving average smoothed 11;
Dynamic zone RSI (optional).
Rules FX Breakout
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).
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 options:
at the pivot levels,
with trailing stop 15- 20 pips,
with profit target 15-20 pips depend by currency pairs.
Intitial stop loss25-30 pips.
In the pictures FX Breakout in action.
Write a comment
mdu (Sunday, 02 April 2017 13:12)
Is the time in gmt or est
franz (Sunday, 18 June 2017 20:46)
GMT, good system for intraday.
Thanks for share.