30 Pips Forex Breakout Strategy For MT4

30 Pips Forex Breakout Strategy For MT4

The 30 Pips Forex Breakout Strategy For MT4 uses neoultima indicators. The strategy requires a strong knowledge of consolidation to analyze the critical trading zone. If you have this skill, you have to use this time strategy in the 1 hour and above time frame. But to use it in the lower chart, it is wise to analyze the price consolidation pattern from different angles. Unless you are a super-advanced trader, stick to the 1-hour time frame.

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After copying the ex4 files, you will get a green-shaded box or price zone bounded by orange color support and residence segment. To improve your win rate and avoid the false trade, only trade the breakout in the direction of the trend. Let’s say, the trend is up. Set a buy stop order right above the resistance of the orange bars. The take profit should be 30 pips and the stop should be 15 pips.

The short trades should be placed when the trend is down. Set the sell stop order below the orange color support bars. Just like the long trade, the take profit for the short trade should be 30 pips and SL is 15 pips. However, you have to be careful about the market volatility since the market might not go 30 pips during low volatility. And this will result in losing trades. To avoid such problems you can stick to the active trading session as it can help you to boost up the profit due to market volatility.

15 pips are the ideal stop loss when you are dealing with major pairs in the 1-hour chart. But if you trade the cross pairs, the stop should be a minimum of 20 pips and to give the trades more space you can set the stop 30 pips. But this will kill the risk to reward ratio of 1:2. To solve this problem, the advanced traders often move the stop loss to the break-even point and set the new take profit to 40 pips in order the adjust the money management policy.

Download the complete system description and the files here:

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