The High Low Breakout - forex market hours mt4 indicator

The High Low Breakout ~ forex market hours mt4 indicator

The High/Low Breakout is a forex strategy intraday based on the break of the previous day high or low.

Time Frame H1

Currency pairs: majors.

Indicator:

ADX 14 period with 35 level.

Trading Rules The High/Low Breakout

Buy

1. Find a currency pair with ADX is less than 35 but above 25.

2. Wait for the price to break below the previous day’s low by at least

15 pips.

3. Place an pending order price to buy 10 pips above the previous day’s high.

4. After that order fill, place your initial stop no more than 25 pips below the entry point.

5. Profi target 30-40 pips or exit postition at end of the day.

Sell

1. Find a currency pair whose 14-period ADX is less than 35 but above 25.

2. Wait for the price to break above the previous day’s low by at least

15 pips.

3. Place an pending order to sell 10 pips below the previous day’s low.

4. After that order fill, place the initial stop no more than 25 pips above

the entry point.

5. Profi target 30-40 pips or exit postition at end of the day.

In the examples we have two trading on GBP/USD hourly charts, all conditions are agree.

ADX 14 is below 35 level at the previous day High/Low.

First Example

Previous day low 1,5835. We look for a break below the previous day low. - Pending order 1,5835 -10 pips= 1,5825. Place stop loss of 25 pips. Profit Target 30 pips.

Second Example

Previous day high 1,6096. We look for a break below the previous day low. - Pending order 1,6096+10 pips= 1,6106. Place stop loss of 25 pips. Profit Target 30 pips.

The High/Low Breakout

More info for The High Low Breakout ~ forex market hours mt4 indicator:

DAX a ajuns pe zona celui de al doilea target - forex trading platform api

DAX a ajuns pe zona celui de al doilea target ~ forex trading platform api

In buletinul nostru de analiza saptamanala Gann recomandam abonatilor nostri sa introduca pozitii short pe indicele DAX cu o prima zona de targetare si managerizare pe zona 0.666 a box-ului Gann de 90 de zile. Cel de-al doilea target indicat pentru aceasta pozitie short este pe suportul fix al box-ului la 0.50%. Dupa cum se poate observa cu usurinta in graficul postat piata a confirmat asteptarile noastre si in acest moment suntem pe zona celui de-al doilea target. O strapungere a acesti zone ar deschide in mod obiectiv calea catre cea de a treia zona de suport, de data aceasta suportul dinamic al unghiului 2x1.Vom marca partial profitul realizat pe zona suportului dinamic de la 0.50% si vom duce nivelul de stop loss la BE+.

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More info for DAX a ajuns pe zona celui de al doilea target ~ forex trading platform api:

Entry Filters - forex market hours monitor 2.0 download

Entry Filters ~ forex market hours monitor 2.0 download

Entry and exit signals can employ filters. In the most general sense, a filter is additional information intended to improve the quality of an entry or exit. The only purpose of a trading filter is as additional confirmation or validation of the entry.

Definition: An entry filter rule adds additional information to produce a more accurate and reliable trading strategy entry or exit.

In other words, entry or exit filters add additional indicators, analysis, market facts, or trading rules to the primary entry rules. A filter is really part of a more complex entry or exit rule.

A filter can be very simple, and this single, simple filter can be applied in conjunction with the entry rule. For example, if today’s close is higher than yesterday’s close, then take the current buy entry signal.

A single, complex filter can be used. For example, if today’s close, high, and low are all higher than yesterday’s, then take the current buy entry signal.

Multiple simple filters and multiple complex filters can be used. The main purpose of the entry filter is to increase the overall accuracy, reliability, and quality of the trading strategy’s buy-and-sell entries.

For the purpose of illustration, let us consider the following short list of filter examples. These are examples of filters on buy signals (sell signal filters are the opposite). The trading strategy will accept a buy entry as confirmed by its respective filter if:

1. The Relative Strength Index is below 30

2. The Relative Strength Index was below 30 on the previous bar and is

now above 30 and rising higher

3. Today’s high is higher than yesterday’s

4. The last buy signal was profitable

5. The close today is higher than the close 20 days ago plus 10.00 points

6. The close yesterday is in the top third of yesterday’s daily range

Therereallyisnolimittothelevelofcomplexitythatcanbeintroduced into a trading strategy with the use of filters. It is important to note that as the number and complexity of the trading filters increases, so can the difficulty of coding and testing a trading strategy. It should also be noted that the likelihood of overfitting also rises with the number of filters. To take this to an absurd extreme, an extremely—and absurd—overfit model would feature a different filter for every bar in the simulation data. Such

an overfit model would exhibit exceptional profit in simulation and unprofitable performance in real-time trading.

Entry Filters

More info for Entry Filters ~ forex market hours monitor 2.0 download: