Breakout Eagle Strategy

Author: Usd

My strategy works using the Breakout Eagle indicator, already posted in the Code Library: http://actfx.com/Download50086.aspx  In order for the strategy to work, you need to download this indicator and add it to your List of custom indicators.

When the prices break through the top level from below, the strategy opens a buy position.

When the prices break through the bottom level from above, the strategy opens a sell position.

The number of positions that the strategy opens is controlled: if there is an opened buy position, the strategy will not buy again until the position is closed, and vice versa.

The Stop and Limit are not preset: they are defined depending on the range between the Support and Resistance levels at the moment of opening the position.