Fx Breakout

Fx Breakout is a forex trading system. It is based on making entries when the breakouts occur. It works well in a trending market. The time frames can be any higher than 5 minute chart. The system is very reliable and easy to understand. There are many technical tools used in order to filter the fake breakouts. This is one of those forex trading systems which you can rely upon without any fear of losing money. This forex trading system has proven its efficiency while tested by many traders.

The Fx Breakout forex trading system consists of six technical indicators. Three of them are located on the main chart window while the three others are at the indicator window. When the Fx Breakout forex trading system is correctly installed on your trading platform, your chart should look like this:

• Breakout Box

Breakout Box appears on chart when the breakout occurs. Therefore, the breakout box is what you should look at first before looking for other indicators to make a trading decision.

In an up trending market, breakout box appears in the territory of swing low while in a down trending market, the breakout box appears in the territory of swing high.

• Moving Averages

There are two moving averages used in this forex trading system. One of the moving averages is

Yellow and another one are red. The crossovers of these two moving averages are crucial to generate the trading signal.

• FXI Ang

FXI Angis a custom made technical indicator. It consists of an oscillator which fluctuates in the positive and negative territory. You should be buying when the oscillator is in the positive territory and you should be selling when the oscillator is in negative territory.

• Fxi Dynamic

Fxi Dynamic is a custom made technical indicator. This indicator consists of three oscillators. The crossovers of these oscillators are crucial to make trading decisions.

Buying Conditions Using Fx Breakout.

• The Breakout box indicator should appear on the main chart.
• The yellow moving average should be above the red moving average.
• The AMA SLOPE indicator should be in positive territory.
• The FXI ANG indicator should be in positive territory.
• The FxI Dynamic indicator should be trending upward.
• 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 next Breakout Box appears on the chart.

Selling Conditions Using Fx Breakout.

• The Breakout box indicator should appear on the main chart.
• The yellow moving average should be below the red moving average.
• The AMA SLOPE indicator should be in negative territory.
• The FXI ANG indicator should be in negative territory.
• The FxI Dynamic indicator should be trending downward.
• 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 next Breakout Box appears on the chart.

Open demo account to test this system.

Download Free Forex Fx Breakout Strategy