Forex Strategy 6-8 GMT Breakout Strategy

Forex Strategy 6-8 GMT Breakout Strategy - another break forex strategy, sent it to me Machzelet user and it is intended to trade on the currency pair EURUSD (M15), taken as a basis for strategy forex 4-6 GMT Breakout Strategy

For trade I recommend Forex Broker with Metatrader 4

1) Select the currency pair EURUSD, time interval - 15 min (M15), just want to warn you that the transaction in this strategy are not often, on average, 4-7 in a month.

2) In this embodiment, forex strategy, a box is drawn from 6 to 8 to GMT!

3) On the schedule for EURUSD (M15) to add an exponential moving average EMA (100) - to apply to a close.

4) Also on the schedule to add is already known to us from the original strategy - an indicator of jason-breakout-box_v3.ex4 - setting the indicator next to DC Forex4you, Alpari (time, these DC: GMT +1 in winter, in summer - GMT +2).

Rules for opening trades on forex strategy 6-8 GMT Breakout Strategy:

1) Trade in the same way is only in the direction of the moving average EMA (100) and only 1 time a day!

If EMA (100) is located above the yellow fields on the display jason-breakout-box_v3.ex4 - is only a deal to sell:


If EMA (100) is below the yellow field on the same indicator forex, open only to a deal to buy:


2) If the EMA (100) or is somehow crosses the yellow box indicator jason-breakout-box - No deal was concluded at ALL that day:


3) If the value of the box more than 50 points (500 for 5-digit DC) - the day just do not sell! Since the the value of stop-loss is very great, and statistics are better days to pass.

4) Set the boundary of the yellow rectangle three pending orders equal lot, only in the direction of EMA (100).

5) For issuing orders using margin - seven points for the Buy Stop and five points for the Sell Stop - this is the light spread.

Respectively, for DC with a 5-digit quotes - otsup will be 70 - to purchase, 50 - for sale

6) If the pending orders have not worked up to 16 hours GMT, delete them and wait for the next day!

7) The stop-loss price is equal to the opposite side of the yellow boxes for all three orders!

8) Take-profit 1 - 20 points, TP 2 - 40 points, TP 3 - 60 points.

9) Once the price will be 15 points - move the stop-loss of open positions to breakeven (ie zero) and set a trailing stop (can be standard or universal Metatrader 4 trailing stop) at the same distance (15 items) for all 3 open positions!

Addition to the forex strategy 6-8 GMT Breakout Strategy:

1) If you prefer, you can not trade by 3 orders, such as 1-2 - you choose, but at the same time and profitability of the strategy will garazdo below, although the probability of obtaining 3-stop-losses in this trading day, too ...

2) When trading on the forex strategy, I recommend that you follow good mani MANAGEMENT, with the lot size should expect in view of the stop-loss on the 3 orders!
Download indicator for Metatrader 4 - jason-breakout-box_v3.ex4
Download a template for Metatrader 4 5-digit DC (like Alpari) - alpari_6_8_gmt.tpl
Download a template for Metatrader 4 4-digit DC (type Forex4you) - 4you_6_8_gmt.tpl

Warning: LED and templates previously to decompress!