Forex Strategy CCCF

Forex Strategy CCCF - a fairly simple forex breakout strategy for the currency pair EURUSD (trade is conducted at intervals of M5 to H4, but we will consider only for the M15), based on the breakdown of "boxes", postroennoyindikatorom Cons, describes the operating principle of this forex indicator, see below

• Recommended Forex Brokers with MetaTrader 4 platform
  First of all, to establish a schedule forex Cons.mq4 with default settings for the M15 range of a currency pair Indicator EURUSD (other intervals settings may vary slightly).
  Description of the principle of the indicator forex Cons.
  Indicator seeks to chart the consolidation of prices consisting of a certain number of consecutive candles (boxlength), the opening price that is within plus or minus half a parameter boxheight opening of the current candle under boxheight = 10 and boxlength = 11 indicator seeks 11 candles, the opening price which is different from the opening price of the current is not more than 5 points. This forms a small box, the parameters and levelUp levelDn indent up and down by a small box. From the opening price of the current candle and at these levels is drawn a large box and horizontal levels in the chart parameter specifies the schedule period to search in the right conditions.
  Terms of trade, according to the rules of forex strategy CCCF:
  1) When Cons indicator draws the graph box and two horizontal level (the maxima of the box), vystalyaem pending orders at these levels.
  On the upper level set a buy order - Buy Stop with Teyk-profit 110 points and stop loss of 50 points (the parameters are for a 4-digit brokers - such as Forex4you, for 5 digit brokers, such as Alpari number of points must be increased 10 times!)
  On the lower level of the box set for sale pending order Sell Stop with Teyk-profit 280 points and stop loss of 50 points.
  2) When you activate one of the orders, the second pending order will only remove in case of closure of the first to profit. If the first order is not closed for take-profit, after the opening of the box opposite order (2nd), set in the first place a new pending order.
  Options orders to re-enter the following:
  Shopping: Profit - 250 points and stop-loss - 50 items for sale: take profit - 80 points, stop loss - 15 points.
  3) Additions to forex strategy CCCF:
  1. When you close any of the orders for-profit Teyk opposite (pending order) is removed and the testing of levels of this box is terminated
  2. The formation of a new box on the chart with the levels, open order closes at the current price and pending order is deleted and starts work on new levels on the interval
  3. You do not enter the market at the level of the breakdown of the box more than twice!
  4. Supplement personally from me:
  Forex Strategy The author says that the use of bezubytka makes little or no results at test forex strategy, as it is mainly intended for trend movements on EURUSD. But I personally believe that it is better for a safe trade on this trading strategy, forex option considered permutation position to breakeven when the price reaches a minimum profit of 50-100 points on the set stop-loss. Or when the price gains + 50-100 points to rearrange the position on a trailing stop of 50-100 points.
  Your right to adhere to this rule or not ...
  For this forex strategy you can download:
  Forex Indicator - cons.mq4
  Template MT4 - cccf_m15.tpl