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55# Tunnel with Box Breakout V.5 Trading System

Tunnel with Breakout Strategy

 

Submit by Bonnye II 10/08/2013

 

This another Box Breakuot Strategy. The box 1 green color is formed in the Asian session. You can get in position by the London session and session NewYok, even if the session Newyork there is no rectangle drawn. The Box breakout in this forex breakout strategy interacts with the tunnel indicator set in order the time frame of 15 min. The tunnel indicator shows trend. Only trade in the direction of the trend. When the rectangles are formed in the tunnel, not to trade, or if you go trade with fast profit target.

 

Time Frame 15min.

Curency pairs:any.

 

Metatrader indicators:

Asian breakout box V.5;

Tunnel Indicator (risk model 1, Ma1 144, MA2 169).

MACD (12, 26,9)

 

Rules for Tunnel with Box Breakout V.5 Trading System

 

Buy

Place a Buy Stop order 5 pips above the rectancle powder blue. Exit using MACD indicator or profit target.

 

Sell

Place a Buy Stop order 8 pips below the rectancle powder blue. Exit using MACD indicator or profit target.

 

If during the London session there was the breakout or there was a false breakout, you can enter the session Newyork.

 

Profit Target 40-55 pips: example USD/CHF, AUD/USD 40-45 pips, EUR/USD 50 pips, GBP/USD 55 pips USD/JPY 40 pips.

Place initial stop loss 30 pips after 30 pips in gain move stop loss at +10 pips.

 

When the rectange is formed in the tunnel indicator and and you decide to trade the profit target is 10-15 pips depending on the currency pair.

 

The advantage of using the tunnel indicator is that it can filter out more false breakout.

Tunnel with Box Breakout V.5 Trading System: Template and indicator mt4

Tunnel with Box Breakout V.5 Trading System
Tunnel with Box Breakout V.5 Trading System: Template and indicator mt4
tunnel with Box Breakout V.5.rar
compressed file archive 23.2 KB

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