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Forex Strategy Daily Breakout System

Forex Strategy Daily Breakout System

Forex Strategy Daily Breakout System - another profit, break-out strategy, forex, something similar to a Forex Strategy 10 pips on EURUSD: being based on the just and the maximum breakdown low of the previous trading day, but in this strategy there are additional conditions for the re-entry into the market in cases of price reversal, as well as the conditions for entry into the market in a flat.

Thus, we roughly know that if the market price has broken the maximum (minimum) of the previous trading day, then it will behave in one of the following scenarios:

1) will be executed stop-loss traders on day intervals (steady stop-loss under low or above Haya daily candle), so that movement of prices, the forex market will continue for some number points in the direction of penetration - for example 10-30 points and the price will go down in fletovoe movement.

Strategiya Forex Daily Breakout System

In this case, the algorithm is implemented forex strategy 10 points for the EURUSD

2) Once the price breaks the daily maximum (minimum), it is possible that it will turn around and go in the opposite direction.

Torgovaya Forex Strategy Daily Breakout System

3) The maximum and minimum will be sharply punched a strong price movement and price to this level will not return (if the price did not break through its maximum or minimum for a minimum of - 3 days < / strong >).

Proboy lows 3-h dney

Based on the available options, we'll trade for this strategy, depending on the situation in the forex market.

1. In the same way as in the above strategy, "10-point ..." we'll put 2 pending orders at the highs and lows of the previous day - on the 1 st on each side.

2. Set take profit points at 25-40.

3. Set stop-loss points at 15-20.

4. Important: we pay attention only to the 1st intersection high or low during the trading day (ie vsluchai order closing the stop-loss or profit, the order of the day is no longer available!) < / p>

5. Once the price breaks the high or low level and passed away a fixed number of items - such as 10-15 (depending on the chosen currency pair), we will rearrange our stop-loss orders at the open level bezubytka (or record profits, while ensuring that a / 2 sledki and the rest of the remaining transactions to transfer to breakeven).

6. Once the order is repositioned to zero and closed half the deal - and at the same level (at the opening of the transaction - see Figure 2 - thick blue line) expose another order, but now in backwards (if initially exhibited BAI, then put SELL and vice versa), raschittyvaya the fact that there was a retreat from this level, rather than break through it.

NOTE:

  • If there is a correction, the trend, then a few days in a row may not work pending orders in the direction of the main motion, and usually after the correction, there are strong movements in the direction of the trend (see Figure 3), it is the body of the candle perekvyvaet next day highs / lows korektsionnyh candles. Based on this - did not work one day a warrant warrant will not delete the same day and 2 days after their installation. But if one of the three orders to work, then at the end of the day removing all nesrabotavshie orders in this direction (to buy or villages).

  • also makes sense to put TURNING order (as in Figure 2) only in the breakdown of the extrema only the previous day. If you worked for one day only one order of 3 orders buystop (or sellstop), the other two orders delivered in the same direction, remove!

  • If

    worked take profit first order breakdown, then remove the warrant reversal!

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