93# Waddah Attar Breakout
HMA and Box breakout
Waddah Attar as filter with HMA
Submit by Maximo Trader
Waddah Attar Breakout is a box breakout strategy intraday filtered by waddah Attar and HMA slow 200 periods.
The signals are generated when the price touches one end of the high or low box with the proviso that HMA and qaddah Attar must agree. In other words, the valid signals are only those that follow the trend-momentum.
This strategy is suitable to be managed with coverage, however in this post I do not deal with this topic, but I underline it to give a different management input of this strategy.
Setup Strategy
Time frame 15, 30 and 60 min.
Currency pairs: Volatile pairs and Major (AUDUSD, GBPUSD, GBPJPY GBPAUD AUDJPY NZDUSD, EURUSD, Nasdaq 100, Gold).
Plataform Metatrader 4.
Metatrader 4 Indicators:
Box Breakout.
Autopivot as Profit Target;
HMA 200 periods;
Waddah Attar defaul setting.
Trading Rules Waddah Attar Breakout
Trades only in the direction of HMA.
Buy
The price touches the high level of
the box.
HMA blue line.
Waddah Attar green bar above moving average.
Sell
The price touches the low level of
the box.
HMA red line.
Waddah Attar red bar above moving average.
Place the stop loss at the opposite
end of the box.
Profit target on pivot levels.
Note if the box is too wide do not trade if the box is too narrow increases the stop loss.
Trading examples.
