Breakout trading strategy Kalbo Breakout

В Kalbo Breakout trading strategy The work is based on the signal bar during the London session in the direction of the trend. The strategy is discussed at forexfactory.com in on this topic.

Input parameters

• Currency pairs: any.
• Timeframe: H
• Bidding time: London.
• Risk Management: After calculating the stop loss, choose this lot sizeto risk no more than 2-5% of the deposit per trade.

Setting up the price chart

1. Unpack the archive.
2. Copy the template into the templates folder.
3. Copy the indicators to the folder MQL4 -> indicators.
4. Restart the terminal.
5. Open the chart of the desired currency pair.
6. Install the template with the name Kalbo Breakout.

The schedule should look like this:

Preliminary analysis of currency pairs

First, we choose the right ones currency pairs. Для этого используем индикатор FFX Strength Meter – MACD(12,26,9) (панель в правом нижнем углу), который рассчитан на основе данных ТФ H4.

Algorithm of currency pair selection

1. We choose the strongest currencies.
2. We choose the weakest currencies.
3. On the basis of strong and weak currency we make currency pairs and trade in the direction of the strong currency.

Signals indicating the opening of a long position (buying)

1. The price is above the black moving average.
2. A blue bar appeared on the bar chart below the price chart.
3. A blue up arrow appears.

Signals indicating the opening of a short position (sale)

1. The price is below the black moving average.
2. A pink bar appeared on the bar graph.
3. A pink down arrow appeared.

Stop Loss and Take Profit options

• Under the signal bar (the bar at the close of which the position was opened).
• At the level of the nearest local minimum/maximum.
• On the level of support/resistance.

Take Profit is set either equal to the stop-loss, or twice as much.

Download template and indicators

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