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High/Low Bounce and Breakout

High/Low Bounce and Breakout is a scalping strategy that is suitable also for binary options high/low. High/Low Bounce and Breakout is a co...

High/Low Bounce and Breakout is a scalping strategy that is suitable also for binary options high/low. High/Low Bounce and Breakout is a complex scalping strategy that is not for beginner.
The strategy is based on more indicators: price action (S/R), momentum (RSI) and Trend following as ADX, W. A. Explosion and High/Low. The principle of this strategy is to get into position or when the price bounces on a support or resistance or when the price breaks support or resistance (following the trend, conservative approach) or in both directions. But you can initially decide to follow only one type of signals.
Time Frame 1 min or 5 min.
Currency pairs: major and minor, Oil, Gold, Nasdaq 100, Nasdaq Tech, S&P 500.

Metarader Indicators:
3 ZZ Semafor;
Zig Zag 12, 5, 3;
WT SR MTF 2.3
WT High Low H1- for 1 minute time frame also 30 min.
RSI divergence Regular (6 -85-25) with GFK;
ADX 14 period, close (optional for bounce).
W.A. Explosion (150, 30, 15, 15).

Trading Rules High/Low Bounce and Breakout
Buy Bounce
Price bounce on support.
ADX green line.
RSI line above GSK line.
W.A. Explosion green Bar.
Place initial stop loss below support.

Sell Bounce
Price bounce on resistance.
ADX red line.
RSI line below GSK line.
W.A. Explosion red Bar.
Place initial stop loss above resistance.

Breakout Buy
Price breaks resistance
ADX green line.
RSI line above GSK line.
W.A. Explosion green Bar.

Breakout Sell
ADX red line.
RSI line below GSK line.
W.A. Explosion red Bar.

I prefer to use High/Low Bounce and Breakout in the markets in the range trading on the rebound on support and resistance.
In the pictures examples of High/Low Bounce and Breakout.
High/Low Bounce and Breakout

High/Low Bounce and Breakout

High/Low Bounce and Breakout

High/Low Bounce and Breakout

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