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Daily Breakout Strategy

dzonefx | Published thu Aug 24, 2017 10:34 am | 1296 Views

Instruments: the strategy fits all instruments

Timeframe: D1

Indicators:

  1. 20 SMA Low;
  2. 34 EMA;
  3. ADX (13).

When to open long positions:

  1. The 34EMA is above the 20SMA;
  2. ADX(13) is above the level of 25.

When to open short positions:

  1. The 34EMA is below the 20SMA;
  2. ADX(13) is above the level of 25.

When to exit:

Positions are recommended to be closed when the moving averages cross each other. Take profit and stop-loss can be placed at fixed intervals, take profit – at 100-150 points from the opening level, and stop-loss – at 30-50 points. 

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