Free Download Breakout Box Forex Indicator For Mt4
- Breakout Box uses the opening range, e.g. London, 8am – 9am
- Expectation of a volatile movement above or under the opening range
- We take the high of the range as Entry for a long trade and SL will be the low of the range
- and vise versa the low of the range as Entry for a short trade and the high for SL
- The size of the range is the distance to the TP (Take Profit)
- The range of the opening hours should not be larger than about 1/3 of the average daily range
- Use my info tool to watch the current daily range
- Volatile JPY-Pairs offer a good chance to reach more than the first TP
- 4 breakout examples are already predefined: Asia, Frankfurt, London, US
- Set up your own favorite opening boxes in a template or as a preset
- Five different ranges and TP zones can be displayed at the same time
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