69# Morning Flat
Breakout Box system
Submit by Munz 19/10/2016
Morning flat is an professional strategy for intraday trading based on the box with high and low formed between 22:15 and 6:15.
Time frame 15 min or 30 min.
Currency pairs: majors and indices.
Metatrader indicators:
Morning flat indicators: Start hour 0 – end hour 8 – profit target line 161.8.
Gann signals stop loss time frame +1 . period 5. The line has two colors: green up trend, red down trend.
Morning Flat trading rules:
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Place on peding order if the box is below of x pips:
GBP/USD 70 pips- GBP/JPY 80 pips, USD/JPY 55 pips, USD/CAD 55 pips,
EUR/USD 50 pips, NZD/USD 45 pips, AUD/USD 45 pips.
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Place an pending order on the high line or low line of the box if confirmed by Gann Signal stop indicator in the the same direction.
Buy
The price breaks the upper level
Gann signal stop green color.
Sell
The price breaks the lower level
Gann signal stop red color.
Exit position when Gann Stop signal changes direction.
Exit at the profit target.
Exit with predetermined profit target ( GPP/USD 25 pips, GBP/JPY 30 pips, USD/JPY 20 pips, USD/CAD 20 pips, EUR/USD 18 pips, AUD/USD 15 pips).
Place initial stop loss 4 pips below/above the Gann signal stop.
Tip: with this approach you use the martingale because this strategy almost constantly distributes the wins and losses.
Martingala multiplier 2.0 or 1.7.
In the pictures Morning Flat
Morning Flat Breakout
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knram (Monday, 02 January 2017 12:16)
Dear sir,Nice indicators and strategy. My humble request to modify Morning flat indicator for alerts whenever there is breakout and after target done.Full lines on chart for all 4 values. Thanks