Forex Strategy 6-8 GMT Breakout Strategy — another Proboynye forex strategy, sent it to me Machzelet user and it is intended for trading the currency pair EURUSD (M15), taken as a basis forex strategy 4-6 GMT Breakout Strategy
- 1Select the currency pair EURUSD, time interval — 15 min (M15), just want to warn that the deals in this strategy are not often, on average, 07.04 per month.
- In this embodiment, forex strategy, a box is drawn from 6 to 8 to GMT!
- On the schedule for EURUSD (M15) to add an exponential moving average EMA (100) — to apply to close.
4) Just to add a schedule already known to us from the original strategy — an indicator jason-breakout-box_v3.ex4 — setting an indicator for the following DC Forex4you, Alpari (time, these DC: GMT +1 in winter, summer — GMT +2):
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Indicator parameter jason-breakout-box_v3.ex4 |
Value for the DC with 4-digit quotes, such as Forex4you |
Change the value for DC with a 5-digit quotes, such as Alpari |
Description |
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end_hour |
9 |
End time frame (hours) |
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end_minute |
0 |
End time frame (minutes) |
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bars_to_count |
8 |
Number of candles in a box (bars) |
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expire_after_x_bars |
32 |
Number of bars after closing the boxes for removal orders |
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target_pips_out_of_box |
20 |
200 |
Take-profit 1 |
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target_pips_2_out_of_box |
40 |
400 |
Take-profit 2 |
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target_pips_3_out_of_box |
60 |
600 |
Take-profit 3 |
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stop_loss_x_pips_within_box |
0 — reverse side of the box |
The size of the stop-loss |
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USE_TP2 |
true |
Use TP 2 (yes) |
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USE_TP3 |
true |
Use TP 3 (yes) |
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amount_about_high |
7 |
Alpari — 70 |
Away from the Hai boxes — to be placed buy stop |
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amount_below_low |
5 |
Alpari — 50 |
Away from the Low box — to be placed Selly stop |
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add_spread_to_high |
false |
Add to spread Hai (none) |
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subtract_spread_from_low |
false |
Add spread to Low (no) |
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Next — colors of the coloring box, profit, etc. — leave as is! |
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Regulation opening deals on forex strategy 6-8 GMT Breakout Strategy:
1) Trading in the same way is only in the direction of the moving average EMA (100) and only 1 time a day!
If EMA (100) is above the yellow field on the display jason-breakout-box_v3.ex4 — lies only deal to sell:
If EMA (100) is below the yellow field on the same indicator forex open only to a deal to buy:
2) If EMA (100) is or has somehow crossed the yellow box indicator jason-breakout-box — No deal was concluded in general in this day:
3) If the value of the box more than 50 points (500 for 5-digit DC) — the day just do not sell! Because value of the stop-loss is very great, and statistics on such days is better to miss.
4) Set on the border of the yellow rectangle 3 pending orders equal lots, only in the direction of EMA (100).
5) For issuing orders using margin — seven points for the Buy Stop and five points for a Sell Stop — this is already taking into account the spread.
Respectively, for DC with a 5-digit quotes — breake will be 70 — to purchase, 50 — for sale
6) If the pending orders are not worked up to 16 hours GMT, delete them and wait for the next day!
7) Stop-loss is equal to the price of the opposite side of the yellow boxes for all three orders!
8) Take-profit 1 — 20 points, take-profit 2 — 40 points, take-profit 3 — 60 points.
9) After the price will be 15 points — move the stop-loss of open positions to breakeven (ie zero) and set a trailing stop (can be standard or universal Metatrader 4 trailing stop) at the same distance (15 items) for all 3 open positions!
ATTACHMENT to forex strategy 6-8 GMT Breakout Strategy:
1) If you prefer, you can not sell 3-orders, such as 1-2 — to choose you, but at the same time, and profitability of the strategy will garazdo below, although the probability of 3 stop-loss at this trading day, too …
2) when trading on the forex strategy, I recommend to stick to CORRECT MANI MANAGEMENT, with the lot size should expect in view of the stop-loss by 3 orders!
- Download an indicator for Metatrader 4 — jason-breakout-box_v3.ex4
- Template Metatrader 4 to 5-digit DC (like Alpari) — alpari_6_8_gmt.tpl
- Template Metatrader 4 for 4-digit DC (type Forex4you) — 4you_6_8_gmt.tpl
Warning: LED and templates needed to unzip the first!
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- Currency pair EURUSD (original settings — as described in the strategy) — 2010 (August 26):
