Strategy for binary options, Forex and CFD - FX Breakout
Strategy for binary options, Forex and CFD - FX Breakout
Strategy for binary options, Forex and CFD - FX Breakout - a strategy based on trend breakout, helps to find the best entry points into a transaction and filter out false signals.
Contents
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Minimum Time Frame and expiration time
- Time Frame: M15
- Expiration time: 60 minutes (4 candles)
Recommended Time Frame and Expiration Time
- Time Frame: M15
- Expiration time: 75 minutes (5 candles)
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FX Breakout Strategy Indicators
- !!!-MT4 BREAKOUT BOX
- FXI_All_Pivots
- FXI_AMA_Slope
- FXI_Ang_AZad
- FXI_Dynamic_Zone_RSI
- FXI_True_Range_Volatility
Risk management
Trade is carried out with a fixed amount not exceeding 5% of the trade balance. You should not trade during the release of important economic news.
FX Breakout strategy: signal to increase
- The price closed above the blue rectangle
- On the chart the yellow line is above the red line
- The first subwindow has a green column
- The blue line in the second subwindow is above the zero level
- In the lower indicator, the green line is above the purple line (optional condition)
FX Breakout strategy: downside signal
- The price closed below the blue rectangle
- On the chart the yellow line is below the red line
- The first subwindow has a red column
- The blue line in the second subwindow is below the zero level
- In the lower indicator the green line is below the yellow line (optional condition)
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Trading on Forex and CFD
- Before starting trading, it is recommended to test the strategy on a demo account (open at least 3-5 trades)
- The trade is opened after receiving a signal from the trading strategy
- The ratio of Take Profit to Stop Loss should be 3:1 (for one unit of possible loss there should be 3 units of potential profit)
- The time frame of trading is not important - minute charts are suitable for scalping, hourly or daily charts are suitable for long-term trading
- Take Profit to Stop Loss levels are set depending on the selected time frame
- The strategy will show false signals on minute charts during the release of important economic news - trade on higher time frames or choose a different time for trading
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Download FX Breakout strategy
Download FX Breakout strategy......
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