Box Viper Breakout

Box Viper Breakout is a London Breakout system filtered by indicators of momentum and trend following . The ampltitude of box size is formed...

Box Viper Breakout is a London Breakout system filtered by indicators of momentum and trend following . The ampltitude of box size is formed from 6 to 9 GMT Berlin.there are other day trading system breakouts that have this box size time amplitude like Hans 123. The trading system is then provided with other trend-momentum indicators that help to interpret the breakout. In fact, you enter the position when all three indicators agree with the direction of the breakout. This trading system is one best breakout for day trading.

Time frame 15 min.

Currency pairs: EUR / USD, GBP / USD, EUR / JPY, USD/JPY, NZD/USD, AUD/USD, EUR/AUD, EUR/GBP.

Metatrader 4 indicators:

TPN (chart X10, chart Y 2);

Trend Plus Zone ( box size 6:00 -9:00) GMT Berlin.

Trend High (period 36, volume factor (0.32).

Trend medium (period 36, volume factor (0.72).

Trend Low (period 36, volume factor (0.72).

Trend Plus Fibo

Trend Plus NR (period 14).

Trend plus supertrend (10, 1,7).

Box Viper Breakout Trading rules

Buy

Price above upper line of the box, look buy.

Price above trend plus, Medium and high.

Trend plus NR green bar.

Trend Plus Super trend green bar.

Sell

Price below lower line of the box look sell.

Price below trend plus, Medium and low.

Trend plus NR red bar.

Trend Plus Super trend red bar.

Exit position

Place initial stop loss 18-25 pips depends by currency pairs or below above the box lines.

Profit Target minimum ratio 1.4 stop loss.

With this strading system to manage positions one can apply both martingale and antimartingala.

Martingala multiplier form 1.2 to 1.8.

In pictures examples of trading with Box Viper breakout.

Download Box Viper Breakout indicators and template.