Breakout trading strategy MBFX Breakout
Breakout trading strategy MBFX Breakout - is a simple system based on the use of the regression channel and the filtering of trading signals using the MBFX indicator.
Rules strategy is simple enough - entry into the market is made when the price breaks through the channel simultaneously with the exit indicator MBFX of the overbought or oversold zone.
Input parameters
- Currency pairs: any
- Timeframe: M30 - H4
- Bidding time: any
- Risk management: after calculating the stop-loss, choose this lot sizeto risk no more than 2-5% of the deposit per transaction
Used indicators
- I-Regression (2, 0.25, 100)
- MBFX Timing (default settings)
Setting up the price chart
- Unpack the archive
- Copy the template into the templates folder
- Copy the indicators to the folder MQL4 -> indicators
- Restarting the terminal
- Open the chart of the desired currency pair
- Install a template named MBFX Breakout
The schedule should look like this:
Signals indicating the opening of a long position
- the price broke through the upper boundary of the channel, and the candle closed above it;
- MBFX Breakout indicator line left the oversold areas and painted green.
Signals indicating the opening of a short trade
- the price broke through the lower boundary of the channel, and the candle closed below it;
- MBFX Breakout indicator line left the overbought areas and painted yellow.
Setting Stop Loss and Take Profit Orders
- stop-loss is set above/below the previous maximum/minimum;
- Take Profit is set at a minimum ratio of 1:1 to Stop Loss with further use of trailing stop.
Before using MBFX Breakout trading strategy If you have a real deposit, be sure to test it on a demo account.
Download MBFX Breakout trading strategy template and indicators