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 stop—loss |
|
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:
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!
- Download an indicator for Metatrader 4 — jason-breakout-box_v3.ex4
- Download MT4 template for the 5-digit DC (like Alpari) — 4_6_gmt_alpari.tpl
- Download MT4 template for a 4-digit DC (type Forex4you) — 4_6_gmt_forex4you.tpl
Attention LED and templates needed to unzip the first!
Currency pair GBPUSD (original settings — as described in the strategy):
Currency pair GBPJPY (trailing, NoLoss, Notrade, dynamic lot —StrategyTester_GBPJPY.htm file in the archive) — ver of 2.2:
Currency pair GBPUSD (Optimized Configuration) — ver of 3.0 — 2009
Currency pair GBPUSD (Optimized Configuration) — ver of 3.0 —2009-2010:
DOWNLOAD: Proceedings Councillor 4-6 GMT Breakout 2009 — 2010!
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