28# Breakout 30 pips Trading System

Submit by Janus Trader

Time Frame 15min or 30min

Currency pairs: majors.

Metatrader Indicator:

neoultimaforex breakout;

neoultimaforex Targets;

Template: neoultima forex breakout.

How to use this indicator breakout.

AT /:30 server time put sell stop and buy stop, at price on orange box, Take profit on green line and stop loss 20 -30 pips depends by currency pairs.

Levels Breakouts

Share your opinion, can help everyone to understand the forex strategy.

Comments: 2

#2
FSR (Wednesday, 27 November 2024 17:47)

Breakout techniques are generally very speculative, they have a low profitability between 36-55% but they have a minimum profit ratio stop loss of 1:1.3 which makes them profitable. In the case of intraday breakouts the profitability varies between 40-60% so even with a profit ratio/stop loss of 1:1.3 they are very profitable. The biggest difficulty is to educate the mind.
#1
William (Tuesday, 26 November 2024 00:26)

Hi!
I am trying to study this strategy. I am not very sure yet how to apply it correctly. The default setup as sent in the zip file posted here, indicates that the thickness of the rectangle is 14 points (or 1.4 pip) and the thickness of the big "lime" rectangle is 29 points (2.9 pips). Timeframe is set @M30. What I have noted is that it could be interesting to open a buy trade on the upper edge of the orange rectangle, close half of it at the top of the green empty rectangle, close the other half when the candlestick closes if positive pips. Otherwise close the whole of it when it reaches the green edge of the rectangle. I am not telling this is THE best strategy but I am trying something.
Thanks for posting this anyways.