4 – 6 am UK Time Breakout Strategy

 
Rules...
 
 GBPUSD 15 min chart
 use indy set to 4 – 6 am UK time all year (example settings for ODL below)
 add an 85 ema (close) to your chart, green line on chart pics below.
 trade in direction of 85 ema (close),
 if price is above yellow breakout box go short, price below go long (charts 1 and 2
below)
 if ema is in yellow breakout box at any time then no trade (charts 3 and 4 below)
 enter orders at close of 5.45 am uk time candle (05.59.59)
 long buffer 7, short buffer 5, these already include the spread, if using settings below
then indy gives entry prices with these buffers already accounted for.
 if order is not triggered by 0830 UK time, remove order
 only 1 trade per day, no re entries
 RR is 1:5

Trade Management

TP 75 pips,
SL 15 pips,
SL to BE @ +25 pips (where aqua meets orange on the chart pics 1-4)

Indicator Settings :-

The inputs should read from the top, these are for my broker (ODL UK) who are gmt and 5
decimal places…..

6
0
8
0
250
750
900
150
true
false
70
50
false
false
then set your colours to suit your charts
chart 1 – ema above go short

chart 2 – ema below go long

chart 3 – ema in yellow breakout box, NO TRADE

chart 4 ema in yellow breakout box, NO TRADE