Metatrader Breakout Strategy

This system is used only for GBPUSD. You can use any time frame chart but I suggest you to use 15 minutes time frame chart. The main method of this breakout strategy is very simple. All we have to do is define the correct range price. You choose time period 4.00 to 7.00 GMT and get the minimum and maximum levels.

Then, if there a market price range in the asian trading period. To open buy trading position and open sell trading position you must place pending order and set buy or sell stop 5 points under or above minimum or maximum levels. You can set your profit target at least 1:1 risk and reward ratio or 1:2 risk and reward ratio. When your place order does not work until 18 GMT you must remove your pending order.