Breakout Panca Eagle Best Indicator Forex
Breakout Panca Eagle: Indicator Strategies to help determine the open position (OP) trading. This method is basically a method for determining support and resistance breakout. The idea of this strategy is to determine the range before and take a trading opportunity after the box is exceeded. By using as a trigger Break (break) above and below that range.
Breakout indicator Panca Eagle simple enough to understand. It is not complicated to use; we just simply have to wait for the breakout above or below the green zone. Therefore, does not require special skills to use.
Breakout Panca Eagle Rule:
You have to wait for the bar past the red box before you order at 10.30 to 21.00 pm (GMT +7) in TF: 30 Minutes
Only OP 1 1 Buy & Sell
Not more than 5-10% equity each open trade
Minimum Take Profit = 10 pips to GU or GJ Pips protect, secure + 10 pips when your profits run 30 Trailing Stop 15 pips (optional)
You can use the Pending Orders: TP 30 SL 30 ans, Buying and selling in the Green Area After passing Box. But Recommended If you use instant execution.
How to Sign:
OP Buy when:
The entry price on the box green area after passing through the red Box
5 EMA (red line) above the EMA 13 (the yellow line)
RSI above 55 Level
OP Sell when:
Price boxed in under a green area after passing through the red Box
5 EMA (red line) below the EMA 13 (the yellow line)
RSI below 45 Level.
*** Setting Indi is in Packet
**** Warning Read Readme.txt
Sightings: Breakout Panca Eagle
Hope be useful.