My Breakout Strategy | Foreign Exchange EA Download- MT4/MT5 Resources

We all know that the holy grail system of 100% winning is unlikely unless your goal is a very small number of pips and a huge stop loss that can withstand months or even years of being hit.

So I would like to start by explaining that this is not a 100% profitable system, but it has produced on-points 89% of the trading days over a 3-month period.
The average daily profit including losses is (31 points per day).

With this average daily pip profit, this is the closest I've come to a Holy Grail strategy. So why not share it! !

Strategy <br> The system is based on a very simple breakout concept and is divided into 3 times a day to place buy/sell orders. Depending on market volatility, range or trending day, this can result in 2-6 open positions.

An example of this powerful range breakout strategy on DE30 (DAX)

1. We determine a range based on a set of hours per day or 1x1h candles.
2. Place buy and sell orders at the top of each range
3. TP is always 20 pips, stop loss is always 50 pips
4. Place an opposite order at the bottom of our 50 pip stop loss (only if the order is open) This is to recover our losses.
5. The recovery TP is always 50 points, and the stop loss is 50 points.
6. Set the next order to close all positions

Part 1+2/3
Market: DE30 (DAX)
Range 1: 1:00-9:00(GMT+1)
Range 2: 12:00-13:00(GMT+1)
Range 1: Once we determine the high and low prices for the period 1:00-9:00 (GMT+1), we will place a buy order at the top of the range and a sell order at the bottom of the range.
In the example above, we broke out of the range and the price target was cleared (we could have taken more profit, but for consistency we tried to target 20 pips on each trade)

Range 2: This range is the high and low of the 12 hour candle and we repeat the above process again. Buy orders are at the top and sell orders are at the bottom. The price target is always 20 pips this time, we don't do a recovery trade if the stop loss is hit, it is very rare that the 12 hour candle is greater than 50 pips, so we just set the stop loss to high/low and let the opposite trade open to recover 20 pips against any losses.


Restoring the position if the stop loss is hit: all trades in this range have a 50 pip stop loss, and as soon as the order is opened we place an opposite position at the stop loss of the current open trade. This time the target price is 50 points and the stop loss is 50 points. This can cover any losses from previous trades. Yes! ! Sometimes we lose two trades and end up losing 100 pips (this is very rare, as explained before, 89% of trading days end in profit, taking these losses into account we still average +30 pips per day)

The attached picture above shows the positions that were recovered and the red day, all positions ended in losses (but let's accept that, this is trading after all!!)
Sometimes we will get a recovery position that earns us 50 pips from the loss and then open a breakout position with 20 pips, leaving us with +20 pips for the first trade.

Part 3/3
Market: NAS100 (Nasdaq)
Range 3: 8:00-15:00(GMT+1)


Scope 3: This is an identical copy of the DE30 Scope 1 transaction. Having identified the highs and lows for the period 8:00-15:00 (GMT+1), we will place a buy order at the top of the range and a sell order at the bottom of the range.


Recovery position if SL is hit: (Repeat Range 1 recovery plan) All trades within this range have a 50 pip stop loss and once the order is opened we place an opposite position at the stop loss position of the current open trade. This time the target price is 50 points and the stop loss is 50 points. This can cover any losses from previous trades.


Of course there will be manual adjustments when you trade the system, just one example is if we did not open a position during the first range and opened a position during the second range breakout with the target price in the middle of the first range breakout target price, we can always extend the open position TP to match the first position

I hope you all enjoyed this article as much as I did trading it, this is the first system I have ever trusted.
My favorite part is its simplicity and you don't need to stare at a screen for hours on end.

1. Set an alarm on your phone 10 minutes before the range closes, draw the range from the high and low, and set the order.
2. Wait for the alarm, then the alarm has been turned on.
3. If within range 1 or 3, perform recovery transaction.
4. Enjoy your day, live your life, then get out of the market and do the rest.

Thanks, RenkoBuddy