Trade with Pat
A Forex trader shares his 15-minute breakout trading strategy that has helped him make over $11,000 in four days. He explains how to install the indicators, the rules of the strategy, and shows live trades. He also hints at upcoming free tools, robots, and raffles on his channel.
15-Minute Forex Breakout Trading Strategy: A Detailed Guide to Making Money Easily
Introduction
The Forex market is an excellent platform for making money, but not all strategies are created equal. One strategy that has been shown to be incredibly useful is the 15-minute Forex breakout trading strategy. In this article, we will provide you with a detailed guide to using this strategy. From setting up your charts to refining your trades, we will provide you with everything you need to be successful.
Setting Up Your Charts
The first step in using this strategy is to set up your charts correctly. You will need to use 15-minute time frames, as this strategy is designed to be a trend-following, breakout strategy. You will also need three indicators: the macd plus SMA 200 strategy by chart Art, the support and resistance Dynamic V2, and the breakout probability by zyerman. Install these indicators, and you’re ready to start analyzing the markets.
Using the Indicators
Once you have installed the indicators on your charts, it’s time to start using them. The macd plus SMA 200 strategy by chart Art is used to help you identify the trend. If the line is below the red line and is red, you should be selling. If you are above the line and it is green, you should be buying.
The support and resistance Dynamic V2 indicator will help you identify key levels where the market may break out. Instead of drawing your own support and resistance lines, this indicator will automatically place them on your charts.
The breakout probability by zyerman indicator is what this strategy is built upon. It helps you predict the probability of the next candlestick being either bullish or bearish. This information will help you decide when to enter and exit trades.
The Rules of the Strategy
The rules of the strategy are relatively simple:
1. Identify the trend using the macd plus SMA 200 strategy by chart Art.
2. Look for breakouts using the support and resistance Dynamic V2 indicator.
3. Use the breakout probability by zyerman indicator to determine the probability of the next candlestick being bullish or bearish.
4. Enter the market when all three indicators align.
5. Place your stop loss below the support for sell trades, and above the resistance for buy trades.
6. Aim for a 2:1 risk-reward ratio.
Live Trade Examples
To help you refine your trades, we will now look at some live trade examples using this strategy.
Example 1 – Sell Trade
In this trade, we can see that the price is below the SMA line, indicating a downtrend. We can also see that the candle breaks through the resistance level, and the breakout probability indicator shows a 66% chance of the next candle being bearish. All of the indicators align, indicating that it’s time to enter the market. We aim for a 2:1 risk-reward ratio, with a stop loss of 25 pips and a take profit of 50 pips. The trade played out as predicted, resulting in a profit of over $5,000.
Example 2 – Buy Trade
In this trade, we can see that the price is above the SMA line, indicating an uptrend. We can also see that the candle breaks through the resistance level, and the breakout probability indicator shows a 68.6% chance of the next candle being bullish. All of the indicators again align, and we enter the market with a stop loss of 25 pips and a take profit of 50 pips. The trade played out as predicted, resulting in a profit of around $1,000.
Conclusion
The 15-minute Forex breakout trading strategy is an excellent strategy for anyone looking to make consistent profits in the Forex market. It’s relatively simple to use, and the indicators provide you with all the information you need to make informed trading decisions. By using this strategy, you can start making money easily and consistently. Just remember to always use a 2:1 risk-reward ratio, and you will be well on your way to success.
