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Breakout Session Box

FREE

Published: 16 June 2024

Current version: 24.6

Breakout Session Box

Name: Breakout Session Box
Rating: 3 (1 reviews)
Author: Claus Dietrich

Indicators
Claus Dietrich
Version: 24.6

BREAKOUT-SESSION-BOX ASIA LONDON/EU US

watch the expectation of a volatile movement above or under the opening range
We take the high of the range as Entry for a long trade and SL will be the low of the range
and vs. the low of the range as Entry for a short trade and the high for SL
The size of the range is the distance to the TP (Take Profit)
The range of the opening hours should not be larger than about 1/3 of the average daily range
3 breakout examples are already predefined: Asia, London/EU, US
Set up your own favorite opening boxes in a template or as a preset
4 different ranges and TP zones can be displayed at the same time
please watch on YouTube

Advantages

discipline yourself and set Periods as your personal Trading Time
watch the spread in an additional Box above the Breakout-Box
find the best Periods for your Indicators
3 individual Session Boxes
watch on YouTube

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BREAKOUT-SESSION-BOX LONDON EU US ASIA Open watch the expectation of a volatile movement above or under the opening range We take the high of the range as Entry for a long trade and SL will be the low of the range and vice versa the low of the range as Entry for a short trade and the high for SL The size of the range is the distance to the TP (Take Profit) The range of the opening hours should not be larger than about 1/3 of the average daily range 4 breakout examples are already predefined:

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Arrows appear after Reversal-Pattern and when the confirmation-candle reaches its value, it won't disappear (no repaint). but with fix settings no additional settings necessary Entry : immediately after arrow Stop loss : a few pips above the high of the arrow - candle / below the low of the arrow - candle Take Profit : at least the next candle / move to break even after candle closed / trail the SL works on : Major Forex-pairs / M15 and higher time-frames The Value of the confirmation-candle =>

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Optimized for Asia- London- US- Open-Session the best Features from MOMENTUM-SOLO true Momentum - time-based Indicator it's based on a self-developed candle Pattern, in relation to the ATR Filter Daytime Weekdays Moving Averages Keltner-Channel Advantages Optimized for Asia- London- US- Open-Session choose your personal times to trade - select Daytime and Weekdays Keltner-Channel => to reduce market noise - sideways movement will be hidden 3x Moving Averages => for the Trend Sig

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163

Herb Wenzel 2024.06.27 00:35 #

Unnecessarily complicated. A simple selectable session box gives one the necessary information to trade this strategy.

23680

Reply from developer Claus Dietrich 2024.06.27 01:16 #

Hello Herb, thanks for your comment and rating. The Breakout Session Box was previously only available for the MT4, but now it is also available for the MT5, still for free! The boxes could certainly be simpler, but at least I offer more options for free. Have you already tried the spread box, I haven't seen it in any other indicator yet and it's also free. If you like it very simple, save your favorite settings once and enjoy the Breakout Session Box. Best regards
Claus DIetrich