Daily forex breakout strategy

Author: Europeo Date: 13.07.2017

I'm here to set out an improvise version of Daily breakout strategy.

daily forex breakout strategy

I know there's ALOT of Daily Breakout Strategies. But as for me, I improvise my own so that I can take the opportunity of grabbing pips when there's available. Its not that risky in my own opinion.

Hold your thoughts and try it out. Backtest it and compare first.

Simple Daily Breakout System - Free Forex Trading Systems - seboxinero.web.fc2.com Forex Trading Forum

Then we can share opinions together. Now here's where's the trade management comes in. Set your stop loss at Previous Bar High when your going SHORT.

This stop loss is temporary! Once price trigger either Buy or Sell pending order, switch to 4HR time Frame. If price hits your TP, congrats! And continue to trail your stop this way until price hits your TP or hit your stop loss OR close your position before a new daily bar starts.

daily forex breakout strategy

Sometimes it doesn't trigger, which means an Inside Bar have formed. Nice setup, simple and complete.. TP and SL are clear.

Disclaimer, not my idea, came from Lovac's suggestion to make ea from this: Yes this was my idea to create the EA as i am also trading this daily breakout for long time with good results. I'm breakout trader too.

The Forex Breakout Strategy You Need to Master | Daily Price Action

Usually i'm usin continous breakout. But sometimes usin reversal breakout, depend on situation. But i prefer usin manually first.

Then go hybird trade after i fix my breakout. Yep, with my breakout, i trade mechanically. I setup my trade during monday-wednesday. Have expired until middle of friday.

50 Pips Daily Breakout Forex System

All entry usin pending order. But often continous depend on situation smaller high reward-risk ratio. If reversal have good signal, i choose only reversal with high reward to risk ratio.

So, even if I wanted to, could probably not make into an EA. Focus On Central Bank Decisions And US Employment Report","slug": EURUSD Long For 1.

Trade Forex Through Inside Day Breakout Strategy | Investopedia

Simple Daily Breakout System Trading Systems. Free Forex Trading Systems. Daily only Buy Previous bar high Sell Previous bar low Take profit: The system has a awful reward: Can anyone provide screenshots of their experience with this strategy? Hi guys babypipsjbenz has created an EA for this strategy: Thanks Lovac and babypipsjbenz!!

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