MBFX Breakout is a dynamic breakout strategy based on the I-regression and the MBFX indicator as filter. The trading system is very simple to enter in the market when the price breaks and close above or belove the of the i-regression curve and the MBFX timing is oversold or overbought with green line for buy or yellow line for sell.
Options:
Buy
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Options:
- Time frame 30 min or higher, best 4H.
- Currency pairs majors or minors.
- I-Regression slow 2, 0.25, 100.
- MBFX Timing default setting.
Buy
- The price action close above the upper band of the i-regression channel with yellow candle.
- The MBFX momentum indicator is green and is gone also in the oversold.
- Place initial stop loss on the previous low swing.
- Profit Target ratio 1:1 stop loss or above.
- The price action close belove the lower band of the i-regression channel with red candle.
- The MBFX momentum indicator is yellow and is gone also in the overbought area.
- Place initial stop loss on the previous high swing.
- Profit Target ratio 1:1 stop loss or above.
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