431# 5 min Scalping: Intraday Breakout

Intraday Breakout forex strategy

 

Submit by Lucio 24/05/2014

 

 

5 Scalping: Intraday Breakout is a forex strategy based on the breakout box.

Time Frame 5 min.

Currency pairs: EUR/USD, GBP/USD, EUR/JPY, AUD/USD, USD/CHF.

 

Metatrader Indicators:

Autoplot pivot Indicator;

Swing ZZ Indicator;

Exponential moving average 21 periods (close, smoothed);

Breakout box 4 London opening range indicator;

Box begin period ( 6:00) – period (End 8:00) – Box End (20:00);

AscTrend 4TF;

Commodity Channe Indx ( CCI) 45 period;

Awesome Ave indicator.

 

Rules 5 min Scalping: Intraday Breakout

Long entry

The price is above the box.

AscTrend blue squares;

CCI above 100 level;

Awesome Ave blue bar.

 

Short entry

the price is below the box.

AscTrend red squares;

CCI above -100 level;

Awesome AVE red bar.

 

Profit Target

Make profit on the pivot points leves.

Profit Target predetermined.

Initial stop loss EUR/USD 16 pips, GBP/USD , EUR/JPY 20 pips. AUD/USD USD/CHF 15 pips.

 

In the pictures 5 min Scalping: Intraday Breakout in action.

5 min Scalping: Intraday Breakout
5 min Scalping: Intraday Breakout
5 min Scalping: Intraday Breakout
5 min Scalping: Intraday Breakout
5 min Scalping: Intraday Breakout
5 min Scalping Intraday Breakout.rar
compressed file archive 171.3 KB
5 min scalping : other trend fx indicators
other indicators.rar
compressed file archive 223.5 KB

Write a comment

Comments: 0