Support and Resistance Breakout is a strategy based on the famous indicator developped by Barry Stander in the 2004 for Metatrader 4. The version that i shows here is developped by Lennoi Anderson, 2015. This is an free but great indicator for analisys of the market anf for support at the trading with very good results.
I think that this type of breakout is better for trading with Indices, Stocks Commodities and Cryptocurrency.
This styrategy is simple and easy and do not repaint.
Options:
Buy
This is a winning strategy.
In the pictures Support and Resistance Breakout in action
Download Strategy
I think that this type of breakout is better for trading with Indices, Stocks Commodities and Cryptocurrency.
This styrategy is simple and easy and do not repaint.
Options:
- Time frame 5 min or higher, for Major forex 15 min or higher.
- Financial Markets: ndices, Stocks Commodities, Cryptocurrency and Forex.
- MA Channel 13 periods, EMA high, Ema low.
- Support and Resistance Breakout defaul setting.
Buy
- The price candle is above the channel of moving averages Support and Resistance Breakout buy arrow below the candle.
- The stop loss is nuber of the pips of the signal candle.
- Profit target ratio 1:1 stop loss or above.
- The price candle is below the channel of moving averages Support and Resistance Breakout sell arrow above the candle.
- The stop loss is nuber of the pips of the signal candle.
- Profit target ratio 1:1 stop loss or above.
This is a winning strategy.
In the pictures Support and Resistance Breakout in action
Download Strategy
