- February 27, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex Indicators
Forex Breakout Strategy Review
As a forex trader, you know that catching breakouts can be one of the most profitable and rewarding strategies. However, identifying these breakouts can be a challenge. That’s why the Forex Breakout Strategy is here to give you the missing edge you need to catch breakouts like a pro.
Our unique price action based algorithm is proven to work on any market condition, and our powerful combination of indicators is the perfect addition to any trading strategy. With the ability to auto-detect entry, exit, stop loss, and take profit levels, you’ll never miss out on a potential trade again.
Best Brokers List
The Forex Breakout Strategy works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|Register||2007||Sydney, Australia||1:1000||$200||ASIC, SCB, FSA|
|Register||2010||Melbourne, Australia||1:500||$200||FCA , ASIC, DFSA|
|Register||2008||Cyprus||1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|Register||2011||London, England||1:500||$25||regulated by CySEC|
|Register||2006||Dublin, Ireland||1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
Here’s how it works
Step 1: Ideal Trade Setup
To execute a trade using the Forex Breakout Strategy, you need to identify an ideal trade setup. This is when the Success Rate of the signal is at least 66%. This means that the signal has a higher chance of resulting in a profitable trade.
Step 2: Set Stop Loss
Once you’ve identified an ideal trade setup, it’s time to set your stop loss. You have two options: Recent Swing or Opposite Signal. The Recent Swing option calculates the stop loss based on the indicator, while the Opposite Signal option exits the buy signal on a new sell signal and exits the sell signal on a new buy signal.
Step 3: Set Take Profit
The next step is to set your take profit. You have three options: TP1, Partial TP, or Opposite Signal. TP1 means that you take profit when the signal reaches at least TP1. Partial TP means that you take partial profit on TP1 and close the remaining position on TP2. Finally, Opposite Signal means that you take profit on the opposite signal to maximize strong breakouts.
Forex Breakout Strategy Settings
Automatic Statistics Calculation
The Forex Breakout Strategy also auto-calculates statistics of signals. This provides reliable information that will give you the confidence to filter your trades. Our Win Condition is when a signal reaches at least TP1 or when a trade is closed on opposite signal and results in a positive profit. Our Loss Condition is when a signal reaches Stop Loss or when a trade is closed on the opposite signal and results in a negative profit.
Success Rate is the percentage of signals that qualify for our Win Condition. It’s used as a reference to find better pairs and timeframes.
Compatibility and Alerts
The Forex Breakout Strategy works in any timeframe and financial instrument, including forex, cryptocurrencies, metals, stocks, and indices. It’s also fully compatible with Expert Advisor (EA) development. Our integrated pop-up, email, push notification, and sound alerts ensure that you never miss a potential trade.
If you’re looking for a proven and tested breakout strategy that will take your trading to the next level, the Forex Breakout Strategy is the perfect solution. Our unique algorithm and powerful combination of indicators make it easy to catch breakouts and profit from them. So why wait? Start using the Forex Breakout Strategy today and see the results for yourself!
Forex Breakout Strategy Free Download
We highly recommend trying the Forex Breakout Strategy with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.