Forex Strategy 4-6 GMT Breakout Strategy

Forex Strategy 4-6 GMT Breakout Strategy — break forex strategy, which represents an updated version of the strategy 4-7 GMT Breakout Strategy, allowing to reduce the drawdown when trading by filtering false alarms using the moving average and the new rules of entry and exit him.

  • Trade still carried on the currency pair GBPUSD, time interval — 15 min (M15).
  • But the box is now drawn from 4 to 6 to GMT,

IMPORTANT: If you have DC with winter time, for example — GMT 1 and DC in the summer takes the time to GMT + 2, then we display jason-breakout-box_v3.ex4 not translate the time! It still remains to DC — Forex4you, Alpari and others from DC to daylight saving time GMT 1: end_hour = 7 on throughout the year (see report on the work of Councillor 4-6 GMT Breakout — there is no translated throughout the year) !

3) On the schedule you want to add an exponential moving average EMA (85) — to apply to close.

4) Just to add a chart display jason-breakout-box_v3.ex4 — setting the indicator as follows (for GMT 0):

Indicator parameterаjason-breakout-box_v3.ex4

Value for the DC with 4-digit quotes

Note

Description

end_hour

6

for DC with GMT +1-Forex4you, Alpari, you need to put 7!

End time frame (hours)

end_minute

0

End time frame (minutes)

bars_to_count

8

Number of candles in a box (bars)

expire_after_x_bars

0

Number of bars after closing the box

target_pips_out_of_box

25

for DC with a 5-digit quotes, such as Alpari 250

Take-profit 1

target_pips_2_out_of_box

75

Alpari 750

Take-profit 2

target_pips_3_out_of_box

90

Alpari 900

Take-profit 3

stop_loss_x_pips_within_box

15

Alpari 750150

The size of the stoploss

USE_TP2

true

Use TR 2 (yes)

USE_TP3

false

Use TR 3 (no)

amount_about_high

7

Alpari 75070

Away from the Hai boxes to be placed buy stop

amount_below_low

5

Alpari 50

Away from the Low box to be placed Sellystop

add_spread_to_high

false

Add to spread Hai (no)

subtract_spread_from_low

false

Add spread to Low (no)

Next colors of the coloring box, profit, etc. leave as is!

After installing the indicators, trading platform Metatrader 4 will looksomething like this:

Forex Strategy 4-6 GMT Breakout Strategy

Regulation opening deals on forex strategy 4-6 GMT Breakout Strategy:

1) Trade is conducted only in the direction of the moving average EMA (85) and only 1 time a day!

If EMA (85) is above the yellow field on the display jason-breakout-box_v3.ex4 — is only the transaction for sale!

If EMA (85) is below the yellow field at the same forex indicators — open only to a deal to buy (see the right example in the figure above)!

2) If the EMA (85) is or has somehow crossed the yellow box indicator jason-breakout-box — No deal was concluded at all (left-hand example in the picture above)!

3) Set on the border of the yellow rectangle 2 pending orders equal to the lot, only in the direction of the EMA.

4) When open orders are not closed prior to the formation of a new box — shut them in 5.59.59 the next day.

5) For issuing orders using indentation — 7 points for the Buy Stop and 5 points for a Sell Stop — this is already taking into account the spread.

6) If the correct order is not activated until 8.30 am on GMT — delete it!

7) Stop-loss set at 15 pips from entry into the market!

8) Take-profit 1 — 25 points, take-profit 2 — 75 points. When closing the TP1, move the stop-loss open position to breakeven!

Attention LED and templates needed to unzip the first!

Currency pair GBPUSD (original settings as described in the strategy):

Advisor 06.04 GMT (original)!

Currency pair GBPJPY (trailing, NoLoss, Notrade, dynamic lot StrategyTester_GBPJPY.htm file in the archive) ver of 2.2:

Test Advisor 4-6 GMT Breakout GBPJPY

Currency pair GBPUSD (Optimized Configuration) — ver of 3.0 — 2009

Test Advisor 4.6 GMT GBPUSD Breakout test for 2010!

Currency pair GBPUSD (Optimized Configuration) ver of 3.0 2009-2010:

Test Advisor 4.6 GMT GBPUSD Breakout test for the 2009-2010 year!

DOWNLOAD: Proceedings Councillor 4-6 GMT Breakout 2009 — 2010!

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