Uptrend : The price has already crossed the Wave upward and the price is above the Wave bottom at this moment. Downtrend : Similarly, the market is trending down if the price is below the Wave-top. Some traders do so, but they get stuck when the price plunges lower! There exists a better entry and much better way how to identify the trend and filter some bad trades by looking only once on another time-frame. Such a system is a great advantage because there are only a few traders watching on two different time-frames.

You will never miss a good signal or break the rules, the software can check all the rules for you. The software tells you exactly where to place Stop Loss! We recommend it for beginners too. The indicators will help you fully understand the swing formation and our amazing system. Place the Fibonacci retracements on the chart as shown below.

Connect the swing high with swing low by dragging the mouse. You have to modify the default set-up. We will use these targets: 0. Select Fibo and click Edit. Edit the targets by double-clicking on the Level and Description values. We will use these Level values: , 1 , 1. You can choose a custom description for each level value.

Plan your trade, trade your plan. We must take care about the profit target and Stop Loss right after the entry. The trend continues and we are not in! Your email address will not be published.

Why MagicBreakout. The Secret Behind False Breakouts. Enter the breakout before the crowd. made his fortune using their trading strategies. Just follow the link and download the whole Magic Breakout Forex Trading Strategy 14 page PDF FREE just now!

Stay in the trend as long as possible by moving your stop loss as shown in the following screenshot. This strategy will tell you when to move the stop loss. You can use this strategy to trade binary options alongside forex as well. Breakouts also work very well with binary options. This is a safe and low risk strategy that is designed to filter out false breakouts.

Once a breakout is confirmed, price action is guaranteed to move in one particular direction depending on the direction of the breakout. As you can see the breakout in the up direction is confirmed by this strategy. So what you can do is open a long trade on the MT4 platform plus buy a call option with an expiry of 1 hour on your binary options broker platform. The binary options trade is set and forget. So you can use this breakout strategy on the M5 timeframe to do both scalping as well as binary options trading.

Now you can trade these breakouts on the M15, M30, H1 and H4 timeframe as well. When trading on M30 and H1 timeframe, choose the binary options with expiry of 24 hours and when trading H4 timeframe, choose the binary options with expiry of 1 week.

This is exactly why professional traders love to trade breakouts! Want a FREE Forex Strategy that gives you the exact details of trading breakouts? Everything about trading breakouts is explained in detail.

Well, a breakout happens when the price action breaks out of a tight range and breaks a significant high with a new high or a significant low with a new low! Tim Trush is successful self-educated trader. He started his trading career as a small investor and system developer for various brokerage companies.

After three years of trading as a short-term investor he has found that the key of success is strategy and discipline. He mastered the market and turned a few thousand dollars into millions in three years and then he decided to quit his job. Although he loved his job, freedom was his dream. Now he lives on British Virgin Islands and trades from his yacht using a laptop with satellite Internet connection.

Julie Lavrin is a journalist and psychologist. She focused on financial news for ten years and she was interested in the markets and mass psychology. She discovered some methods for entering the market just before the crowd and making money consistently. Thanks, Alex! Mechanical Just follow the rules. Identify a perfect trend With our non-standard approach you can identify the trend better than anybody else. Beware from the sideways market. Automated entry signal Our MagicEntry indicator developed for MetaTrader will test the rules for you every time.

You will never miss an opportunity or break the rules. This software will make you a lazy money making machine. Protect your profits You will learn how to move stoploss and protect your open profit. Some traders don't know where to move stoploss. They either risk too much, or they are stopped from a winning trade. You save. Write a Review Write a Review Close ×. Rating Required Select Rating 1 star worst 2 stars 3 stars average 4 stars 5 stars best.

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The Magic Breakout plus System is an MT4 forex breakout trading indicator. It uses two types of Wave indicators for assessing the dynamic price breakout levels. This system also involves Color CCI — a Commodity Channel Index indicator that examines the balance between bullish and bearish force underlying the price movements. The Wave indicator in red color shows the short-term trend reversal zone. On the other hand, the tri-band in blue color represents the Upper Wave indicator.

The Upper Wave focuses on intraday price breakout areas. For example, when the price moves above both wave and upper wave levels, we address the market trend as bullish. Once we get the trend confirmation from Wave indicators, we look for Color CCI momentum signals for confirming an order. Recommended Reading: RoboForex Account Types. In this setup, initially, the price was in a choppy condition until it broke above the wave zone.

During this period, the Wave levels moved above the Upper Wave lines confirming the bullish market trend. Also, the Color CCI shows a positive value and plots green bars confirming a buy order activation signal. During a bearish trend, the Wave levels should move lower than the Upper Wave lines which we consider as a bearish crossover. Finally, the Color CCI value becomes negative, and with its bars turned red signaling for a sell order. The Magic Breakout plus System brings a new trend-following trading concept by applying two different types of wave indicators in the same chart.

These waves not only outline the highly potential price breakout zones but also plots crossover signals by moving across each other. Moreover, the Color CCI indicator offers easy momentum signals which you can use to filter any trade setups at any market trend conditions. Price Action Scanner Forex Indicator. Doji Arrows Indicator. Trend Signal Version 2 Indicator. Volume Weighted Average Price VWAP Indicator. Lucky Reversal Indicator. Forex Admin Team is a dedicated group of financial professionals who are passionate about helping traders and investors grow their portfolios.

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You risk a small amount of money on every trade. Price wаѕ above thе Wave аnԁ thеn crossed thе Wave-top downward. Thіѕ іѕ a ехсеƖƖеnt indicate tο ɡο long οn thе next candle open. Julie experimented with the CCI indicator Commodity Channel Index in the Forex market years ago. Make no mistake, trading breakouts can be highly lucrative if done correctly! With this strategy, you will be able to predict breakouts before the momentum traders arrive. Contents hide.

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