72# Breakout Moving Average MT4

Submit by Giuseppe

Breakout Moving Average MT4 is a classic breakout-momentum strategy. This is a version for Metarader 4. The normal version is the following: http://www.learn-forextrading.org/2017/11/ema-breakout-with-stochastic-strategy.html ( Ema brakout filtered by stochastic oscillator) In my version there are Rads Stochastic, Dema filter and Fischer indicator but the principle for trading is the same.

Time Frame 15 min or higher but this strategy works good at the higher time frame.

Currency pairs:majors.

Metatrader Indicators setting:

Exponential moving average 34 period, close.

Rads Stochastic ( 21, 4, 3, T3 9),

Fiscer indicator 10 period, close,

Di Napooli Dema filter (default setting).

Trading rules Breakout Moving Average MT4

Buy

Four hour candle closed above EMA 34 (TF 15, 30 and 60 , TF 4H or daily 1-2 candles).
DiNapoli pointing upwards.
Rads Stohastic T3 upwards.
Fisher_m11 painted in blue.
Fast Profit Target discretionary.
Initial stop loss on the previous swing low.

Sell
Four hour candle closed above EMA 34 (TF 15, 30 and 60 , TF 4H or daily 1-2 candles).
DiNapoli pointing downwards.
Rads Stohastic T3 downwards.
Fisher_m11 painted in red.
Fast Profit Target discretionary.
Initial stop loss on the previous swing high.

In the pictures Breakout Moving Average MT4 in action.

Share your opinion, can help eveyone to understand the forex strategy.