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.
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.
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