66# Breakout Directional Intraday

Submit By Janus Trader 02/11/2015

Breakout direction Intraday is a trading system based on advanced box breakout indicator. Here I shows two ways for trading with box breakout indicator.

First filtered by Support and resistance,

Second with the best setting for I-regrssion channel.

These methods are also good for trading with binary/options.

Time Frame 30 min.

Finanncial Market: any.

Box Breakout filtered by Support and Resistance

Metatrader indicators:

Trade plus Zone (Box 00:06 -00:09, End session 00:00 with target zone area)

Support and resistance indicator.

Buy

If the price si above support only buy.

Place a pendig order 3 pips above buy level.

Sell

If the price si below resistance only sell.

Place a pendig order 3 pips below sell level.

Target Area acqua color.

Place initial stop loss of 25 pips after 18 pips in gain move stop loss at the entry price.

Metatrader Indicators

Trendline channel I-regression (period 300, degree 3- dev 1,618, 2,618, 3,618)

Box Breakout with target zone,

Daily Range optional,

Trader dynamic index with cloud (default setting).

If I-regression Channel pointing up look for buy

If I-regression Channel pointing down look for sell

Target Area gray color

additionals target area upper and lower bands

Best buy

Channel pointing up

price into lower bands (blue and red color),

Traders dynamic index cloud green color.

Best Sell

Channel pointing down

price into lower bands (blue and red color),

Traders dynamic index cloud red color.

Target Area gray color

additionals target area upper and lower bands

Place Stop loss Below the upper/lower bands or 25 pips.