Download MetaTrader 5

Nonrepaint SDX zone breakout

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kevinator
1750
kevinator  

This concept is simple as the indicator will draw two lines and when price breaks out of those lines you buy or sell.You have to extend the previous lines to the current area and use the old support resistance lines.In order for you to be successful trading this way you must use low lot sizes and be ready to enter exit and reenter.Scrolll back and count how many line breaks there were in each session and how many pips were made after the breakout.You will exit short sometimes but your winners will outweigh the losers.Breakout strategy is easy trade way.Some traders set a buy stop and a sell stop with stop loss at opposite end and go swimming but those who get ahead stay focused.

Files:
ind.gif 43 kb
nguyentho
28
nguyentho  

Thanks Kevinator. I think this indicator is useful for trading in sideway market. It is more useful when using with chanell lines. I will test it.

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