Strategy Series, Part 4: The HI-Low Breakout

ATR 14 on the WEEKLY chart, or use the attached indicator on your. With the start of the trading week on Monday, find the Friday candle.

On a 4H chart find the high and low of the Friday candle. So if the SL is 32 pips, you should set trailing stop of 64 pips.

Don't get scarred from the example above, it's actually very simple. Once we have found the Friday's candle, we set one buy stop order 10 pips above the.

For the buy stop order we set the SL at the candle's low and for the sell stop order we. For the buy stop order we set the TP like the Weekly ATR 14 value, same for the sell.

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ATR 14 on the WEEKLY chart, or use the attached indicator on your 4H chart.

The 4 Week Breakout Strategy EA, a Very Simple Profitable Trading System | Mechanical Forex

THE STRATEGY With the start of the trading week on Monday, find the Friday candle. Once we have found the Friday's candle, we set one buy stop order 10 pips above the candle high and one sell stop order 10 pips below Magenta lines. For the buy stop order we set the SL at the candle's low and for the sell stop order we set the SL at the candle's high Red dotted lines.

The Forex Breakout Strategy You Need to Master | Daily Price Action

For the buy stop order we set the TP like the Weekly ATR 14 value, same for the sell stop order light blue lines — the Weekly ATR 14 value was about so it's 31 pips of TP. About Privacy Policy Sitemap VAT This website uses cookies. Cookies improve the user experience and help make this website better.