68# FX Breakout

Submit by Cerasel' 24/02/2016

FX Breakout is a strategy similar at the London breakout but i have ad more filters.

Box Breakout intraday is a profitable strategy.

Time Frame 15 min or 30 min.

Currency pairs: EUR/USD, GBP/USD, USD/CHF, AUD/USD, NZD/USD, USD/JPY, USD/CAD.

Metatrader Indicator:

Pivot levels,

Box Breakout ( period begin 3:00; period end 6:00);

Moving average smoothed 21;

Moving average smoothed 11;

Ama Slope;

angle indicator;

Dynamic zone RSI (optional).

Rules FX Breakout

Buy

Price close above Blue box;

Moving average 11 above moving average 21;

Angle indicator above zero level;

Ama slope green bar;

RSI Dynamic above upper band (optional).

Sell

Price close below Blue box;

Moving average 11 below moving average 21;

Angle indicator below zero level;

Ama slope bar;

RSI Dynamic below lower band (optional).

Exit position options:

at the pivot levels,

with trailing stop 15- 20 pips,

with profit target 15-20 pips depend by currency pairs.

Intitial stop loss25-30 pips.

In the pictures FX Breakout in action.