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4-6 Am UK Breakout Rules
4-6 Am UK Breakout Rules
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