Breakout Box

• Breakout Box uses the opening range, e.g. London, 8am - 9am
• 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 vise 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
• Use my info tool to watch the current daily range
• Volatile JPY-Pairs offer a good chance to reach more than the first TP
• 4 breakout examples are already predefined: Asia, Frankfurt, London, US
• Set up your own favorite opening boxes in a template or as a preset
• Five different ranges and TP zones can be displayed at the same time
• please watch on YouTube

Additional features:

(Session Boxes)

• discipline yourself and set Periods as your personal Trading Time
• find the best Periods for your Indicators
• 5 individual Session Boxes
• 4 session pre-settings
• watch the spread
• watch on YouTube

Parameters:

• Bars to process 1 Bar = 1 Day
• GMT Shift adjust your local-Time
• Pre-Settings
• customize set your own favorite trading-session-boxes and save on your desktop under metaTraderMQL4Presets
• Asia - pre-Setting
• Frankfurt - pre-Setting
• London - pre-Setting
• US - pre-Setting
• Day - pre-Setting
• Index - pre-Setting
• Forex - pre-Setting
• after Work - pre-Setting
• after Work solo - pre-Setting, only one active Box

Example

• Asia:
  
• BOX1 = true
• BOX2 = false
• BOX3 = false
• BOX4 = false
• BOX5 = false
• Session Begin = 00:00
• Session End = 06:59
• personal Trading Session End = 12:59
• Support Resistance Box 1 = true
• Support Resistance Box 1 Extension End = 21:59
• after Work solo
• BOX1 = false
• BOX2 = false
• BOX3 = false
• BOX4 = false
• BOX5 = true
• Session Begin d = 17:59
• Session End d = 18:29
• personal Trading Session End d = 20:59

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