Best Intraday Breakout | Intraday Forex Strategy
Metatrader Indicators :
MA Parabolic st 2.1 ( MA 14, Parbolic 0.1 – step 0.11);
Price action channel ( EMA 3 high – EMA 3 Low);
Breakout Box, (Start 03:00 – End 18:00);
Breakout Daily Targets;
ITM Signal (14, Cycle 5);
Flat Indicator (default setting).
Rules Best Intraday Breakout :
When the price break up the box wait that the price is into the price action channel and Buy if ITM Signal is green, Flat indicator is green and the price is above the MA parabolic indicator.
Re-Entry (optional) with the same conditions.
Exit on the daily targets.
Place stop loss on the previous high/low swing and move stop loss at the break even with 15 pips in gain.
Do-not enter after the last daily target.
always Find the Currency pairs in trend and trades only in the direction of the primary trend.
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