每日突破策略 (The Daily Break Out Strategy)

There are many daily breakout strategies available, but this one as i observed, will give you break even trades while in consolidation and big profits once the trend is caught, I have been trading this since quite some and time and found it profitable.

Open 1HR Chart with session break. Wait for 1HR candle to break the previous day high or low, once the break candle is identified, mark the high and low of break candle, then wait for 1HR candle to close above high or below the low if break candle.

LONG SETUP:
When the 1HR candle closes above the high of break candle.
Set the SL to LOW+5 pips of break candle.
TP: Choose your own method OR use daily ATR as trailing stops.

SHORT SETUP:

When the 1HR Candle closes below the low of break candle.
Set the SL to high+5 pips of break candle
TP: Choose your own method OR use daily ATR as trailing stops.

IF the SL is hit in any case, then mark the high and low of candle that hit your SL (Call it a SL candle). Wait for 1HR candle to close above or below the high or low of SL Candle and enter LONG or SHORT respectively.

Take a look at the attached file for screen shots.