Fibonacci Box Breakout is an intraday breakout trading strategy built to trade price breakouts in the forex market. Auto set the period begin and period end to draw the
rectangle Fibonacci Box there are 3 levels higher than the Fib Box and three levels lower than the Fibo Box. So we have a Fibo breakout box with levels.
This indicator is also equipped with a Fibonacci level for entry points and take profits.
Characteristics of Indicator
1. Platform - Metatrader 4
2. Asset - Any Currency Pair
3. Candle Timeframe - 15Min, 30Min, 1 Hr
4. Trading Time - Around The Clock
5. Don't trade on Medium Impact and High Impact News Release Time
Buy Trade:
The price closes above the rectangle box.
set stop loss lower line of rectangle box.
Sell Trade:
The price closes below the rectangle box.
set stop loss upper line of rectangle box.
Trade in the direction of the overall trend.
Avoid trading side way price movement.
Free Download Indicator Here 1 OR Here 2
Hello Trader, My name is Ankush. On the blog "AM Trading Tips" contains Indicators and Trading Systems for Forex and Binary options. With a variety of trading (Forex and Binary indicators,trading strategies for different trading styles,and also Expert Advisors) that can be absolutely free
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