Breakout method 30min (Breakout method 30min) | Foreign exchange EA download- MT4/MT5 resources
This is the opposite of my reversal post. I want to post it separately to avoid confusion. Since I've found success with both methods, choosing one is enough to be profitable.
rule
Don't risk more than 5% on each trade. If you have multiple trades, the total risk cannot exceed 5%. Also, I've found that it's not easy to accommodate more than 4 at a time, either stacked or in different pairs.
In addition, if you are a novice trader, it is recommended that the risk is 10 times the spread, equal to or less than 5%, and the target is 1:1 or 1:2. But never risk less than your returns deserve.
Your risk may be above or below the range. But what matters is when to trade. As with my previous topic, we focus on the beginning and end of the meeting.
I reserve the right to not apply this news simply because I personally find this reversal to be more effective news-wise. But it's up to you.
Sydney opening and closing Tokyo opening and closing London opening and closing New York Open
These provide you with 7 entries per day.
rule
Unlike my inversion, we use 30 minutes as the range.
example.
Tokyo Open
8 to 830 is the range. When price breaks out, you wait for a retest of the 0.5 entry point and then place an order in the direction of the breakout.
Risk is 0, external is 1, 1.5r or 2r.
That's it.
Why not 15m? Because price usually reverses in this situation. So we'll focus on 30m.
There are 20 transactions here to show the results.
https://www.tradingview.com/x/s1qu2hay
The rule is to draw floors and ceilings before openings. This will give you a possible potential exit and stop loss position. and filter out bad transactions.
The first 30 minutes is the range, from the open to the next 3 hours where you wait for a puncture in one direction and then wait for a retest to 50% of the original range. Then proceed to 1 to 2 r.
The total r for the past 20 transactions is 8r
Of course you can complicate it further with patterns, but the approach here is to simply break and break, retest to 50%, then do 2r.
rule
Don't risk more than 5% on each trade. If you have multiple trades, the total risk cannot exceed 5%. Also, I've found that it's not easy to accommodate more than 4 at a time, either stacked or in different pairs.
In addition, if you are a novice trader, it is recommended that the risk is 10 times the spread, equal to or less than 5%, and the target is 1:1 or 1:2. But never risk less than your returns deserve.
Your risk may be above or below the range. But what matters is when to trade. As with my previous topic, we focus on the beginning and end of the meeting.
I reserve the right to not apply this news simply because I personally find this reversal to be more effective news-wise. But it's up to you.
Sydney opening and closing Tokyo opening and closing London opening and closing New York Open
These provide you with 7 entries per day.
rule
Unlike my inversion, we use 30 minutes as the range.
example.
Tokyo Open
8 to 830 is the range. When price breaks out, you wait for a retest of the 0.5 entry point and then place an order in the direction of the breakout.
Risk is 0, external is 1, 1.5r or 2r.
That's it.
Why not 15m? Because price usually reverses in this situation. So we'll focus on 30m.
There are 20 transactions here to show the results.
https://www.tradingview.com/x/s1qu2hay
The rule is to draw floors and ceilings before openings. This will give you a possible potential exit and stop loss position. and filter out bad transactions.
The first 30 minutes is the range, from the open to the next 3 hours where you wait for a puncture in one direction and then wait for a retest to 50% of the original range. Then proceed to 1 to 2 r.
The total r for the past 20 transactions is 8r
Of course you can complicate it further with patterns, but the approach here is to simply break and break, retest to 50%, then do 2r.
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