65# Best Intraday Breakout
What's the direction of the price today?
Submit by Janus Trader 25/08/2015
Best Intraday Breakout is a real intraday strategy that find the direction of the price. What's the direction of the price today? This is the question.
Best Intraday Breakout is a good trading system that answers this question.
Time Frame 15 min.
Financial Markets: Forex, Indicies.
Metatrader Indicators:
MA Parabolic st 2.1 ( MA 14, Parbolic 0.1 – step 0.11);
Price action channel ( EMA 3 high – EMA 3 Low);
T&C Wonders;
Breakout Box, (Start 03:00 – End 18:00);
Breakout Daily Targets;
ITM Signal (14, Cycle 5);
Flat Indicator (default setting).
Buy
When the price break up the box wait that the price is into the price action channel and Buy if ITM Signal is green, Flat indicator is green and the price is above the MA parabolic indicator.
Sell
When the price break down the box wait that the price is into the price action channel and Sell if ITM Signal is red, Flat indicator is red and the price is below the MA parabolic indicator.
Re-Entry (optional) with the same conditions.
Exit on the daily targets.
Place stop loss on the previous high/low swing and move stop loss at the break even with 15 pips in gain.
Tips:
Do-not enter after the last daily target.
always Find the Currency pairs in trend and trades only in the direction of the primary trend.
Happy trading
In the pictures Best Intraday Breakout in action.
Best Intrady Breakout
Write a comment
Harry (Friday, 28 August 2015 05:27)
I really liked this system. stress free and easy to follow. Only one problem if you can solve please....
trend and flat indicator color thickness do not stay as it is...i mean when i make thickness 2 in color and when i save the graph and load it again it just goes back to that dotted line. So to make changes we need mq4 file or if you can make this change and upload the indicator would be great help...
thanks
tanvir jahan khan (Thursday, 21 January 2016 08:20)
# Breakout Box, (Start 03:00 – End 18:00)
GMT ?????
Admin (Friday, 22 January 2016 16:40)
London