New day breakout box

[Blazir]

Hello,

I have made a better new template with alerts and correct box.You must go in the indi and place your gmt shift of your platform.

Then place the alarms above and below the box.

Then when green ema pierce the box take the trade with SL-TP MOVE by mouse script .

Enjoy

B

http://www.forexsharing.com/922335

Pair(s) : Any
Works best on : GBPJPY, EURUSD, EURJPY
Platforum : MT4

Here are the steps :

a) Draw HI-LO box between 0000H to 0100H candles

b) 5EMA should be inside the box before the breakout for valid setups

c) Enter ONLY when 5EMA broke from the box, take profit at 20-30 pips

Chart

A :

- The box drawn by drawing two lines (Hi and Low between 0000H to 0100H candles)

- 5EMA is inside the box at the opening of the candle at 0300H

B :

- 5EMA broke away from the box, open at the new candle and TP 20-30 PIPS

 

[Enivid]

Nice strategy! Did you try to test it on demo for a week or two?