Boss Breakout Trading System is a forex trading system which is based on breakouts. Boss Breakout Trading System is a very simple trading system and it can be used to make consistent profit in the foreign exchange trading by newbies as well as experienced traders. Although Boss Breakout Trading system is about breakout trading, you don’t have to search for breakouts in the charts because the indicators in it will automatically generate by and sell signals for you. There are only four technical indicators used in this forex trading system. You should always be careful in money management aspect. Maintaining risk to reward ratio is the most important thing when you trade in forex market regardless of what trading system you use. You can use this trading system in any currency pairs. However, you should be very careful while trading around the important new releases.
When the Boss Breakout Trading System is appropriately installed in your metatrader, your chart should look like this:
- Parabolic SAR
Parabolic SAR is a technical indicator which consists of red dots. These dots appear above and below the market level. When the Parabolic SAR is above the market, it indicates selling pressure is present in the market while when this indicator is below the market, it indicates the buying pressure.
- Color MA
Color MA is nothing more than a moving average with color changeable features. In Boss Breakout Trading System, there are two moving averages. These two moving averages will help to determine the trend of the market. When the market is above these moving averages, it indicates the bullish pressure in the market and vice versa.
Buying Conditions Using BOSS Breakout Trading System.
- 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.
Selling Conditions Using Boss Breakout Trading system.
- 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.
Download Free Forex BOSS Breakout Trading System
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