Best Intraday Breakout Strategy has earned the place in a short list of the world’s best intraday breakout strategies. Traders who are looking for steady trading results based on best Forex indicators are welcome to try this tremendous trading strategy.
Best Intraday Breakout Strategy is suitable for any currency pair at Forex market and fits best with M5 to H1 timeframe charts. It works great during the Forex market hours of the London and New York Session.
Best Intraday Breakout Strategy Overview
Once you are done with the installation of the Best Intraday Breakout Strategy at your mt4 software, your trading chart should be appeared as the following image:
|Time Frame||Currency Pairs||Indicator Factors||Ratings|
|M5 to H1||Any||7||9.8/10|
Best Intraday Breakout Strategy Anatomy
- Pirce Action Channel: The upper channel is based on 3 EMA High and the lower one is 3 EMA Low which creates the trend cloud of the price actions.
- Breakout Box: It finds and marks possible price ranging or coiling areas with its colored shadows. You should count the breakouts only within the current trend for possible trade entry opportunities.
- Breakout Daily Target: These levels represent various areas of the Pivot Points. These horizontal lines are updated based on everyday price actions and works as current support or resistances.
- MA Parabolic 2.1: An updated version of Parabolic SAR. Price below its levels are considered as the bearish trend and above its levels signals the bullish trend.
- T&C Wonder: It plots the possible market entry signals with its down or up arrows around the price bars. You should follow its arrows with the confluence of other indicators signals of this strategy.
- ITM Signals: It is a momentum oscillator. Its parameter above the zero level signals the bullish momentum and a negative value represents the bearish momentum as well.
- Flat Indicator: This is a trend strength meter. Its bars turn red whenever there is a bearish thrust at the trend and in case of bullish force it turns into green color.
Similar Forex Trading Strategy: Trade Zone Indicator
Best Intraday Breakout Strategy: Buy Parameters
- Price breaks above the Breakout Box and the Price Action Channel High
- MA Parabolic 2.1 appears below the price levels
- Price breaks and closes above the current Breakout Daily Targets
- T&C Wonder plots upward arrows
- ITM Signal value is positive
- Flat Indicator turns green
- Set stop loss limit below the MA Parabolic 2.1
- Exit long whenever T&C Wonder plots downward arrow signals
Best Intraday Breakout Strategy: Sell Parameters
- Price breaks below the Breakout Box and the Price Action Channel Low
- MA Parabolic 2.1 appears above the price levels
- Price breaks and closes below the current Breakout Daily Targets
- T&C Wonder plots downward arrows
- ITM Signal value is negative
- Flat Indicator turns red
- Set stop loss limit above the MA Parabolic 2.1
- Exit short whenever T&C Wonder plots upward arrow signals