23# Boom and Crash Trend Breakout
Breakout Intraday Filtered by ATR Trend
30 min Breakout
Submit by Joy22
Boom and Crash trend Breakout is a classic breakout strategy called Asian Breakout of intraday type. The strategy locates the bars between 11.30 pm and 4.00 am GMT Berlin. Draw a rectangle on the maximum and minimum price of this interval.
Setup Strategy
Time Frame 30 minutes
Currency pairs any also Crypto
Box Asian Breakout 11.30pm 4am GMT Berlin.
Metarader 5 indicators
Asian Breakout BoX in this case called Boom and Crash Trend Breakout
Pivot Points levels
ATR stop default setting.
Trading Rules Boom and Crash Trend Breakout
First trade only in the direction of the trend defined by the ATR stop.
The idea of the strategy is – trading a valid breakout of
one of the lines (high or low).
Buy
Enter with a buy order as soon as
the price breaks out 2 pips above the break point.
Sell
Enter with a sell order as soon as
the price breaks out 2 pips below the break point.
Stop loss: there are two options for the stop loss order:
a) Place the stop loss on the other side of the 00:00-04:00
candle tunnel.
Take profit: there are three options for taking the profit:
a) Your target is 20 pips, close your trade as soon as your profit
reaches 20 pips, use trailing stop whit atr or at Pivot Points leves.
Note. Recommended Money Management Type: Aggressive D'Alembert, Conservative: Kelly or Oscar's Grind (Pluscoup).
In picture example of trades.
