46# Box Breakout and Ema Channel
Box Breakout Trading Method
Submit by Jilius Trader 05/01/2013
Time Frame 15 min or 30 min.
Currency pairs: GBP and EUR
Session Trading GMT
Setting Metatrader indicators:
end hour: 7
end minute:30
bars to count:7
expire after X bar:22
Forex Trading system: Box Breakout and Ema Channel
Box Breakout is an indicator for 4 digit but works also with 5 digit.
Taret1 20pips=target2 200 pips,
Target2 40pips=Target 400pis,
Target3 60pips=600.
Trade only in the direction of the ema channel.
If middle band ema channel is green enter buy.
If middle band ema channel is red open sell.
Stop-loss set at 20 pips from entry into the market!
Box Breakout is an indicator for 4 digit but works also with 5 digit.
Taret1 20pips= set target 200 pips,
Target2 40pips=set target 400pis,
Target3 60pips=set 600pips.
Use Move Stop Loss
In the pictures below Box Breakout and Ema Channel in action.
Share your opinion, can help everyone to understand the forex strategy.
Trading Method: Breakout Box
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