Forex Trend & Breakout System
Trading Systems Last update: August 25, 2024The Forex Trend & Breakout System analyses and determinate the market trend direction, and identifies possible breakout opportunities plus entry and exit points.
It consists of three indicators: HBF, HBH and BBands Stop – trading signals genarated by them are simple and easy-to-follow.
How to apply this forex trend breakout strategy in trading?
Buy Entry
Open long trade when the following conditions are met:
- HBH turns blue – this indicator looks similar to Heiken Ashi candles
- BBands Stop turns blue and appears below the current price bar
- HBF turns blue color and goes to a positive value – this indicator is placed in a seperate window below the main chart
- Place your stop loss a few pips below last swing low.
Sell Entry
Open short trade when the following conditions are met:
- HBH turns red – this indicator looks similar to Heiken Ashi candles
- BBands Stop turns red and appears above the current price bar
- HBF turns red color and goes to a negative value – this indicator is placed in a seperate window below the main chart
- Place your stop loss a few pips above last swing high.
Exit Trade / Take Profit
Close your open position when the opposite signal appears, or use your own preferred method of trade exit.
