USOpen Break Out MT4

The USOpen breakout strategy is executed at 3pm (GMT+2) and is ideal for extremely short-term and short-term trading, as this is when liquidity and trading volumes for USD-related currency pairs are higher, and there are more trading opportunities in volatile markets.

Using proprietary algorithms to calculate momentum data for the current market conditions, Buy Stop and Sell Stop orders are placed at the high and low points of the range box. When a one-sided market triggers the order, the opposite order is immediately cancelled, providing many profitable opportunities based on market activity and volatility.

Note: "Buy Stop" and "Sell Stop" are forex-related terms used to describe pending orders that are placed to buy or sell a currency pair at a price above or below the current market price, respectively. "Momentum" refers to the rate of change in a currency pair's price over time, and "range box" refers to a trading range or price level within which a currency pair has been moving for a period of time.

Profit

When the price breaks through a key resistance level, it triggers a buy/sell order, allowing participation in the upward/downward trend, and enabling quick entry at the price breakout for the potential to achieve higher profits.

1. When the first trade reaches a profit of half its position, trigger a trailing stop-loss, and set a breakeven stop loss for the second trade.
2. When the second trade reaches a profit level, trigger a trailing stop-loss.

Currency pairs & Timeframes

This strategy is trained to learn the historical market trends of USD-related currency pairs, with the main applied currency pairs being USDJPY, USDCAD, and EURUSD. However, you can test and experiment with other USD-related currency pairs at any time.
The strategy mainly seeks momentum breakout opportunities for trading during the US market opening session, with the primary applied time frame being M1. You can use charts of any time frame for testing and experimentation.

System Setting