BEST Forex Indicator Breakout Trading System For Metatrader 4

Description

FOREX INDICATOR BREAKOUT ANALYSIS
What is Breakout Trading?
In order to understand what is breakout trading, you have to understand that there are two types of breakouts. Our team at Trading Strategy Guides has identified two types of breakout trading setup:
Support and Resistance breakouts
Swing high and Swing Low breakouts
So what is breakout trading?
Simply put it, breakout trading is an attempt to enter the market once the price moves outside a defined price range (support or resistance). However, the important characteristic of a genuine breakout is that it needs to be accompanied with increased volume.
If you want a method to be able to identify support and resistance right away we’ve got your back, just read: Support and Resistance Zones – Road to Successful Trading.
What is breakout trading of a swing high and swing low?
Well, we apply the same rules as in the case of the support and resistance breakout trading but adding one more filter. What is this filter that we’re talking about? Since not all swing highs and swing lows are created equal we only want to breakout trading those setups that can offer us the best possible outcome.
In this regard, we’re only going to attempt breakout trading those swing high and swing low that have a “V” shape form. A “V” shape form swing high is defined by a strong rally quickly followed by a strong sell off. In reverse the same is true for a “V” shape form swing low.
A price chart will clear any misunderstanding you might have about what is breakout trading of a “V” shape form swing.
Breakout Box
Breakout Box uses the opening range, e.g. London, 8am - 9am
Expectation of a volatile movement above or under the opening range
We take the high of the range as Entry for a long trade and SL will be the low of the range
and vise versa the low of the range as Entry for a short trade and the high for SL
The size of the range is the distance to the TP (Take Profit)
The range of the opening hours should not be larger than about 1/3 of the average daily range
Use my info tool to watch the current daily range
Volatile JPY-Pairs offer a good chance to reach more than the first TP
4 breakout examples are already predefined: Asia, Frankfurt, London, US
Set up your own favorite opening boxes in a template or as a preset
Five different ranges and TP zones can be displayed at the same time
Additional features:
(Session Boxes)
discipline yourself and set Periods as your personal Trading Time
find the best Periods for your Indicators
5 individual Session Boxes
4 session pre-settings
watch the spread
Parameters:
Bars to process 1 Bar = 1 Day
GMT Shift adjust your local-Time
Pre-Settings
customize set your own favorite trading-session-boxes and save on your desktop under MetaTrader\MQL4\Presets
Asia - pre-Setting
Frankfurt - pre-Setting
London - pre-Setting
US - pre-Setting
Day - pre-Setting
Index - pre-Setting
Forex - pre-Setting
after Work - pre-Setting
after Work solo - pre-Setting, only one active Box
WRITE YOUR
EMAIL
ADDRESS
IN NOTE FOR SELLER. HIS INDICATOR I WILL SEND TO YOUR
EMAIL ADDRESS
EXAMPLE:
Platform
: Metatrader4
Currency pairs
: Any currency pairs
Trading Time
: Around the clock
Timeframe
: Any
Markets
: Forex, Indicies, Commodities.
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I will return your money. If the goods you buy do not work
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This is Genuine Original Software
Not a Redistribution
You can buy from me only
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within 2 working days after receiving the payment and the required information.
Since selling software, which is not a tangible good or service and also
can be replicated immediately after sell, we can not accept returns.
This package can be downloaded easily into your computer.
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