212# Trend 123 Breakout Strategy
DPI and Moving Averages
123 pattern strategy
Submit by Dimitri
Trend 123 Breakout Strategy is apure trend breakout strategy with double filter: 1 moving averages and DPI + Multitime frame filter. In other words, pattern 123 is filtered by the current time frame trend and by the direction of the higher time frame trend. This is an extremely effective mix filter and greatly reduces false signals. In this way this classic pattern becomes winning and easy to manage.
Time Frame 5 minutes or higher.
Currency pairs: Majors, mimors, indices and Gold.
Metatrader 4 indicators
Exponential moving average 5 period, close.
Exponential moving average 7 period, close.
Exponential moving average 9 period, close.
Exponential moving average 11 period, close.
Exponential moving average 13 period, close.
Exponential moving average 34 period, close.
Parabolic Sar 0, 5- 0.05;
Expert EA sara.
Trading ony in the direction of the trend e the dirction of the market.
Time Frame 4H or H1 trades only in the direction of daily TF.
Time Frame 15, 30 and H1 in trades only in the direction of H4 TF
Trades only if higher TF is buy.
The ema's croses upward.
123 buy arrow.
Trades only if higher TF is sell.
The ema's croses downward.
123 selll arrow.
Place initial stop loss below/above the previous swing high/low.
Make profit with ratio stop loss 1:1.2, or at opposite arrow.
You can also exit with fast profit target for to have 90% of profitability.
Example of trades.