Box
Viper Breakout is a London Breakout system filtered by indicators of
momentum and trend following . The ampltitude of box size is formed
from 6 to 9 GMT Berlin.there are other day trading system breakouts
that have this box size time amplitude like Hans 123. The trading
system is then provided with other trend-momentum indicators that
help to interpret the breakout. In fact, you enter the position when
all three indicators agree with the direction of the breakout. This
trading system is one best breakout for day trading.
Time
frame 15 min.
Currency
pairs: EUR / USD, GBP / USD, EUR / JPY, USD/JPY, NZD/USD, AUD/USD,
EUR/AUD, EUR/GBP.
Metatrader
4 indicators:
TPN
(chart X10, chart Y 2);
Trend
Plus Zone ( box size 6:00 -9:00) GMT Berlin.
Trend
High (period 36, volume factor (0.32).
Trend
medium (period 36, volume factor (0.72).
Trend
Low (period 36, volume factor (0.72).
Trend
Plus Fibo
Trend
Plus NR (period 14).
Trend
plus supertrend (10, 1,7).
Box
Viper Breakout Trading rules
Buy
Price
above upper line of the box, look buy.
Price
above trend plus, Medium and high.
Trend
plus NR green bar.
Trend
Plus Super trend green bar.
Sell
Price
below lower line of the box look sell.
Price
below trend plus, Medium and low.
Trend
plus NR red bar.
Trend
Plus Super trend red bar.
Exit
position
Place
initial stop loss 18-25 pips depends by currency pairs or below above
the box lines.
Profit
Target minimum ratio 1.4 stop loss.
With
this strading system to manage positions one can apply both
martingale and antimartingala.
Martingala
multiplier form 1.2 to 1.8.
In
pictures examples of trading with Box Viper breakout.
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