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M15, EURUSD, Cons Box, Breakout Strategy
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TOPIC: M15, EURUSD, Cons Box, Breakout Strategy

M15, EURUSD, Cons Box, Breakout Strategy 1 year, 9 months ago #36

  • Forex-w
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Summary:

Timeframe: M15

Currencies: EURUSD

Recommended Forex Brokers: with MetaTrader 4 platform.

How to install

Copy Cons Box.EX4 file to /experts/indicators/ directory.
Copy Cons Box.TPL file to /templates/ directory. And Reload Your Mt4 terminal.
Open EURUSD M15 Chart => Right Click => Template => Cons Box.

Trading rules for Cons Box forex strategy:



1) When Box and 2 levels are drawn place 2 orders:

- Buy Stop at the High of the box + 2 pips. TP = 110 pips. SL = 50 pips.

- Sell Stop at the Low of the box - 1 pip. TP = 280 pips. SL = 50 pips.

2) Order activated and closed by TP => Remove second Pending order.

3) Order #1 activated and closed by SL + Second order activated => Place new #1 pending order. If Buy Stop, SL=250 TP=50. If Sell Stop TP=80 SL=15.

4) If new Box appears: Close open order by market. Remove Pending order(s). Work with new box.


For This forex strategy You can download:

File Attachment:

File Name: IndicatorConsBox.zip
File Size: 4 KB


File Attachment:

File Name: TemplateConsBox.zip
File Size: 22 KB
Last Edit: 1 year, 9 months ago by Forex-w.
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