24# Box Breakout 3 Trading System

Breakout Box trading system is based on quotation moves analysis.

The system employs 2 indicators:

• Forex Blue Box Indicator

• Simple Moving Average

In the 7.15 – 10.15 GMT time span High and Low values are sampled.

Both values are entered into the chart, so that they would be handy when a trader

needs them at the time of placing pending orders.

Forex Blue Box draws a blue box around the borders of the selected region.

As soon as the construction of the box is finished, a trader can place the pending

orders.

 

Order placements

As soon as the blue box has been formed on the chart, it’s necessary to check and

see if it’s positioned above or below SMA.

If the box is positioned above SMA, it’s recommended that you set the following:

Order #1 - Buy Stop Pending Order at price = High, Stop Loss = Low, Take Profit =

20pips from the opening price

Order #2 - Buy Stop Pending Order at price = High, Stop Loss = Low, Take Profit =

30pips from the opening price.


If the box is positioned below SMA, it’s recommended that you set the following:

Order #1 - Sell Stop Pending Order at price = Low, Stop Loss = High, Take Profit =

20pips from the opening price

Order #2 - Sell Stop Pending Order at price = Low, Stop Loss = High, Take Profit =

30pips from the opening price

Closing of the orders

Orders are closed on Take Profit or Stop Loss.

If orders aren’t closed before 21:00 GMT, you have to close them manually.

After the Order #1 is closed on Take Profit, it’s necessary to transfer

Order#2 into Break Even. To do that, please modify your order by moving the Stop

Loss into the opening price.

Take Profit of Order #2 needs to remain at +30 pips from initial price.


IMPORTANT!!!

If Simple Moving Average goes through the box or simply touches it from any side, then the price in such situation is absolutely unpredictable. So, in order to avoid any monetary losses, don’t open orders on that day.

Breakout Box
Forex System
Box Breakout 3.rar
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