BOSS Breakout Trading System
Trading SystemsThe B.O.S.S. Breakout Trading Method is, as the name suggest, an forex breakout strategy. With this system you don’t have to look for breakouts manually because the indicators in the charts will automatically generate buy and sell signals for you. It is using three indicators and they are the following:
- Ant_GUbreakout – draws breakout boxes
- Parabolic3par – displays Parabolic SAR
- Color_MA – displays Moving Averages
How to trade with B.O.S.S. Breakout Trading System?
Open BUY position when following conditions are met:
- Market should cross above the both of the moving averages.
- Parabolic SAR should appear below the market levels.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the price closes below the moving averages.
Open SELL position when following conditions are met:
- Market should cross below the both of the moving averages.
- Parabolic SAR should appear above the market levels.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the price closes above the moving averages.
Please check the PDF manual file attached in the package for better understanding of the system.
