• Home
  • About
  • Contact

Forexobroker

Download Our Forex Strategies and Indicators

  • Strategies
  • Articles
  • Dom’s Forex Course
  • Metatrader 4 Indicators
    • Free Metatrader Indicators
    • Paid Metatrader Indicators
  • Metatrader 4 Systems
    • Free Metatrader Systems
    • Paid Metatrader Systems
  • EA’s
    • Paid Expert Advisors
  • Forex Brokers

Box Breakout trading and Ema Channel Indicators

April 22, 2015 by Dominic Walsh Leave a Comment

For you to make consistent profit it is advisable you use a combination of indicators. This makes the process of decision making a bit simpler, since you look to see if the combination of the indicators you are using are giving the same kind of a signal; that is, if both are saying buy or sell. Otherwise if only one of the indicators is giving a signal then it is advisable to hold your peace until the other gives the same signal and if it doesn’t then avoid opening a position at all.

One of such a strategy is by using the box trading indicator together with the Ema channel indicator. This trading system is mostly suited when placing pending orders.

A pending order is an order that you place anticipating that when the market level gets to the point where you have placed your trade, it will activate the order. Essentially the type of pending orders that is used with this strategy, are the stop orders. These usually are activated as the trend continues in its previous direction.

The box breakout trading indicator is comprised of two indicators: the forex Blue Indicator and the Simple Moving Average. The Forex Blue Indicator is responsible for drawing a blue box within the region in between the low and high values that are sampled out in a span of 3 hours. The trader uses this box to place pending orders.

box breakout

NOTE: The orders should be placed only after the complete formation of the blue box.

However for you to decide whether you are to place a buy or a sell order, the SMA indicator of the Box breakout trading indicator and the Ema channel indicator comes in handy.

Box breakout Ema channel indicator

Fig. Ema Channel indicator.

The Ema channel on the other hand, is a channel that has three lines; the upper line, the middle line and the lower line. Mainly the middle line of the channel band is the one that give the signal of whether to buy or sell depending on its colour.

How to conclude whether to place a buy or sell order

Buy Oder: the buy position should be opened when the Blue box is formed above the Simple Moving Average. However to make sure that it is time to place a buy pending order, then you have to check that the middle band of Ema channel indicator is green.

Box breakout Ema Channel in Combination with the box break out indicator

Fig. the posittion of buy stop and sellstop entries

Sell order: the sell position should be opened when the Blue box is formed below the Simple Moving Average. However to make sure that it is time to open the sell positon, then you have to check that the middle band of Ema channel indicator is red.

Once you place your orders you should place stops at twenty pips away from the point of the order. That is the stop loss should be 200 points away from the order and in the same way the take profit 200 points away.

If the orders haven’t been closed by the stop loss and the take profit before the close of the day then the trader should close this trades manually himself.

Open demo account to test this indicator.

Download Free Box Breakout and Ema Channel

Download Box Breakout and Ema Channel

Filed Under: Free Metatrader Indicators Tagged With: Bollinger bands indicator

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • RSS
  • Twitter
  • YouTube
Forexobroker

Archives

  • June 2022 (4)
  • May 2022 (9)
  • April 2022 (5)
  • March 2022 (7)
  • February 2022 (7)
  • January 2022 (7)
  • December 2021 (1)
  • November 2021 (4)
  • October 2021 (3)
  • September 2021 (4)
  • August 2021 (2)
  • July 2021 (1)
  • June 2020 (7)
  • May 2020 (7)
  • April 2020 (9)
  • March 2020 (7)
  • February 2020 (10)
  • January 2020 (3)
  • November 2019 (1)
  • September 2019 (3)
  • August 2019 (3)
  • June 2019 (1)
  • December 2018 (1)
  • November 2018 (4)
  • October 2018 (9)
  • September 2018 (14)
  • August 2018 (5)
  • July 2018 (8)
  • June 2018 (3)
  • May 2018 (9)
  • April 2018 (3)
  • March 2018 (10)
  • February 2018 (9)
  • January 2018 (13)
  • December 2017 (12)
  • November 2017 (14)
  • October 2017 (3)
  • September 2017 (3)
  • August 2017 (13)
  • July 2017 (25)
  • June 2017 (21)
  • May 2017 (20)
  • April 2017 (21)
  • March 2017 (15)
  • February 2017 (16)
  • January 2017 (18)
  • December 2016 (11)
  • November 2016 (21)
  • October 2016 (63)
  • September 2016 (24)
  • August 2016 (22)
  • July 2016 (16)
  • June 2016 (16)
  • May 2016 (16)
  • April 2016 (23)
  • March 2016 (29)
  • February 2016 (22)
  • January 2016 (22)
  • December 2015 (29)
  • November 2015 (28)
  • October 2015 (30)
  • September 2015 (41)
  • August 2015 (52)
  • July 2015 (47)
  • June 2015 (55)
  • May 2015 (50)
  • April 2015 (58)
  • March 2015 (22)

  • Home
  • About
  • Contact

Categories

  • Strategies
  • Articles
  • Dom’s Forex Course
  • Metatrader 4 Indicators
    • Free Metatrader Indicators
    • Paid Metatrader Indicators
  • Metatrader 4 Systems
    • Free Metatrader Systems
    • Paid Metatrader Systems
  • EA’s
    • Paid Expert Advisors
  • Forex Brokers

Visit Our Forex Strategies And Forex Indicators Below:

Forex Trading Strategies

Free Forex Indicators

Paid Forex Indicators

Paid Forex Strategies

“Our order process is conducted by our online reseller Paddle.com. Paddle.com is the Merchant of Record for all our orders. Paddle provides all customer service inquiries and handles returns.”

© 2015-2022 Forexobroker

Copyright © 2022 · Magazine Pro Theme on Genesis Framework · WordPress · Log in