Forex Strategy Session Breakout - based on the breakdown of session highs and lows in the forex market (Asian, European and American), the currency pair: GBPUSD, time interval - M15, used indicators: i-Sessions.mq4 (helps identify the boundaries of sessions) and ATRonChart. ex4 - is required for the installation of stop-loss.
- Recommended Trading Platform: Metatrader 4
The essence of forex strategy Session Breakout easier to explain below:
Indicator i-Sessions outlines our border each session, thus we observe the minimum and maximum for each of them.
Trade is conducted on pending orders.
Buy Stop orders are set to maximum ended in session, Sell Stop on -ordera lows ended in session.
Take-profit set at 15 points for the currency pair GBPUSD.
To determine the use of stop-loss ATRonChart.ex4 indicator - when triggered sell-stops, stop-loss set above the upper boundary for the indicator ATRonChart previous candle. When triggered, buy stop, stop loss set below the lower limit ATRonChart indicator for the previous candle, breaking the previous candle.
All non-triggered orders, which were exhibited in the past day remain until the closing of the next day.
As a result, when placing orders, we get approximately the picture (to zoom - Click photo - opens in new window):
Those. on the left we obrazavalas area of 3 sell orders, with a profit of 15 points each, after breaking through the income was received 45 points. And further, in drawing, in the same way we worked well warrant, which allowed to make a profit for +15 points each.
Certainly it is possible to set take profit, and a little more, but in this case the probability of triggering stop-loss also increases, and this is a completely different strategy ...
