Million Forex Breakout Strategy For MT4
The Million Forex Breakout Strategy For MT4 can be applied to all currency pairs you are able to find in the forex markets. You should set your trading charts to a one-hour time frame. This is a breakout strategy that has the potential to help you grow your portfolio in a steady fashion however you need to play by the rules. This system works only if you work the system correctly.
There are just a few indicators incorporated into this system - but one of the most important ones is the SEFC dot indicator. This indicator helps you to identify support and resistance zones in plain sight. This is key to any breakout strategy because they act as trigger points for initiating trades. So basically, when price breaks these levels then you can open a buy or sell trade. But it shall be expanded on in a few moments so that you can be endowed with a clear understanding of how to navigate the markets using this system.
In the system, you will see arrows appearing on your screen from time to time. These arrows can be red or light blue. The red arrow means that it is a sell signal whereas the light blue arrow serves as a buy signal. Additionally, you will see support and resistance lines that come in the form of boxes so you need to reference these boxes all the time when wanting to buy or sell. These signal arrows tell you in which direction you should trade in. So for a sell setup, the red sell arrow needs to appear, then the price action has to trade downward to break the level of support which is marked by little boxes.
When price surpasses the support zone by one pip then you can open a sell position. For a buy setup, the light blue buy arrow needs to appear, then the price action has to trade upward to break the level of resistance which is marked by little boxes. When price surpasses the resistance zone by one pip then you can open a sell position. Take-profit is 40 to 60 pips.
Download the complete system description and the files here:
Partially Automated Trading Besides Your Day Job
Alerts In Real-Time When Divergences Occur
