Breakout Strategy - Simple and good RR (Breakout Strategy - Simple and good RR)
set up:
Time range:
I use M5
Currency pair:
I use GBPUSD (can be used for any)
index:
Daily opening set to: 15 and 15 (change lime to red) [SL]
Daily opening hours set to: 30 and 30 (change lime and red to orange) [entry]
Daily opening set to: 60 and 60 (change red to lime) [TP]
Just leave Aqua alone
rule:
For selling, wait for price to hit the orange line. Stop loss is the red line, 15 pips above the entry. Target price is 30 pips below the green line.
If you want to buy, wait until the price hits above the orange line. The stop loss is the red line and is 15 points below the entry point. The target price is 30 points above the green line.
This gives a 2:1 RR
If buy is triggered, cancel the sell order. If sell is triggered, cancel the buy order.
my goal
Optimize TP, Entry and SL for best RR and win rate I hope someone can create an EA for it in the near future
Also optimized for other currency pairs
Example:
http://imageshack.us/a/img248/3502/example2i.png
http://imageshack.us/a/img21/5653/example1l.png
Time range:
I use M5
Currency pair:
I use GBPUSD (can be used for any)
index:
Daily opening set to: 15 and 15 (change lime to red) [SL]
Daily opening hours set to: 30 and 30 (change lime and red to orange) [entry]
Daily opening set to: 60 and 60 (change red to lime) [TP]
Just leave Aqua alone
rule:
For selling, wait for price to hit the orange line. Stop loss is the red line, 15 pips above the entry. Target price is 30 pips below the green line.
If you want to buy, wait until the price hits above the orange line. The stop loss is the red line and is 15 points below the entry point. The target price is 30 points above the green line.
This gives a 2:1 RR
If buy is triggered, cancel the sell order. If sell is triggered, cancel the buy order.
my goal
Optimize TP, Entry and SL for best RR and win rate I hope someone can create an EA for it in the near future
Also optimized for other currency pairs
Example:
http://imageshack.us/a/img248/3502/example2i.png
http://imageshack.us/a/img21/5653/example1l.png






Attachment to original post (1)
📦 Summary of post attachments (3)
Below are all the files (3) shared in the reply.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •