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Simple Breakout System By Zach

  • July 5, 2017
  • Posted by: Forex Wiki Team
  • Category: Forex Trading System
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Hello Guys

I wish to share the most straightforward breakout technique:

MOST SUIT:INTRADAY TRADER
PAIR:GBP/JPY GBP/USD USD/JPY EUR/JPY EUR/USD GBP/CHF USD/CHF NZD/USD CHF/JPY
BOX:GMT 9PM-5AM(8 HOURS)
TP:161.8 Fibonacci Assist&Resistance BOX(THIS IS A MINIMUM TP)
SL:50 Fibonacci Assist&Resistance BOX

RULES
LONG:ANY BULLISH CANDLE THAT BREAK RESISTANCE(EARLY SIGNAL)
SHORT:ANY BEARISH CANDLE THAT BREAK SUPPORT(EARLY SIGNAL)
TIMEFRAMES:M15

ENTRY:
INSTANT ENTRY ON BREAKOUT 100 FIBONACCI
PO @ 100 FIBONACCI
PO @61.8 FIBONACCI

TP:161.8 Fibonacci Assist&Resistance BOX(THIS IS A MINIMUM TP)
SL:50 Fibonacci Assist&Resistance BOX

Hooked up Picture (click on to enlarge)
Click to Enlarge Name: breakout by z.jpg Size: 390 KB

#ANY BREAKOUT THAT CAUSED BY NEWS IS NOT A SETUP

MANUAL SETTING(image above)

Hooked up Recordsdata
File Type: ex4 OpenFiboOrder.ex4   12 KB | 5 downloads
File Type: mq4 OpenFiboOrder.mq4   5 KB | 5 downloads
File Type: ex4 DD-breakoutasian-1.2.ex4   27 KB | 262 downloads

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Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.
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