Asian Session “BREAK” Forex Trading System and Strategy [8892]

High accuracy “Asian Session BREAK Forex Trading System and Strategy” – This high accuracy trading system take advantage of the fact that on most days the Asian session is quite calm compared to the European trading session.

We will look at only two currency pairs and they are the GBPUSD and GBPJPY. You can also test this method in any pairs you like as it works also in all currency pairs.

This forex strategy does not require any Forex Indicators. But I’ll use RSI to make the trading system easy to master.

• Time Frame: H1
• Currency Pairs: GBPUSD and GBPJPY

 

The first step, we need to draw a box around the Asian session defined as 5 H1 (one hour) charts/bars after New York close.

We will draw a box around the H1 bars during this time and include the highest and lowest point of this time in our box.

Below is an example of the box that we draw every day on the one hour chart time frame.

 

• Download “ForexWOT.Com-AsianSessionBreakSystem” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “ForexWOT.Com-AsianSessionBreakSystem.tpl” file (template) to your Metatrader Directory …/templates /
• Start or restart your Metatrader Client.
• Select Chart and Timeframe where you want to test your forex system.
• Right click on your trading chart and hover on “Template”.
• Move right to select “ForexWOT.Com-AsianSessionBreakSystem” trading  system and strategy
• You will see “Asian Session BREAK Forex Trading System” is available on your Chart

 

• Above, we see that the market has traded and closed higher than our box, so we enter a BUY trade.
• The RSI line above level 55

 

• Above, we see that the market has traded and closed lower than our box, so we enter a SELL trade.
• The RSI line below level 45

 

This “Asian Session BREAK Forex Trading System and Strategy” is a profitable one and is able to give you consistent profits every day.

It is recommended to stick to the rules and do not trade with your emotions.

Discipline and consistency are needed to be a good trader and come out profitable overall.