Forex Intraday Trend BreakOut “Price Action” System – Learn what breakouts in forex trading are and how you can take advantage of them. With breakout trades, the goal is to enter the market right when the price makes a breakout and then continue to ride the trade until volatility dies down.
- Time Frames: H1 (This is intraday trading system)
- Currency Pairs: GBPUSD and EURUSD
MetaTrader Trading Indicators
- SDX ZoneBreakOut 2
- Wildan Trend System
- Relative Strength Index
BUY Rules
- SDX ZoneBreakOut 2: The Bullish candle breakout the upper line of the indicator
- Wildan Trend System: Blue bars
- Relative Strength Index: Upward and above the level 60
SELL Rules
- SDX ZoneBreakOut 2: The Bearish candle breakout the lower line of the indicator
- Wildan Trend System: Red bars
- Relative Strength Index: Downward and below the level 40
EXIT Rules
- The initial stop loss above or below the previous candle
- Risk reward ratio 1:2 or 1:3
- This Forex Intraday Trend BreakOut System a good system. Use a demo account or a small live account first to practice this trading system.