Breakout Session Box

Breakout Session Box

BREAKOUT-SESSION-BOX LONDON EU US ASIA Open

• watch the 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 vice 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
• 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

( use as Session Boxes )

• discipline yourself and set Periods as your personal Trading Time
• find the best Periods for your Indicators
• 5 individual Session Boxes
• a lot of session presetting
• 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 MetaTrader\MQL4\Presets
• Asia - Asia Session only
• Frankfurt - EU Session only
• London - London Session only
• US - US Session only
• Day - the complete day only
• Index - Index-Open Sessions only
• Forex - all Forex Sessions only
• after Work - Open Sessions and a late Sessions (EU-Time)
• after Work solo - one late Sessions only (EU-Time)
• Box No.1 only - customize the first Box only
• Box No.1 No.2 only - customize the first and second Box only
• Box No.1 9-15:00 || Box No.2 15-19:00 

BOX 1 / 2 / 3 / 4 / 5

• Session Begin Begin of the Range
• Session End End of the Range
• personal Trading-Session-End marks a Box within the Range
• Support-Resistance-Box usable for Breakout -Strategy
• Support-Resistance-Box, Extension End set a Time to stop the Box

• Top, fix in pips give fix pips for the upper Spread-box, default is the current spread
• Base, fix in pips give fix pips for the lower Spread-box, default is the current spread

• Spread on Top of Box, live shows the live-spread, very interesting if you have variable Spreads
• Spread on Base of Box, live shows the live-spread, very interesting if you have variable Spreads

• Session-Box Color change it to your favorite color
• Personal Session-Box Color change it to your favorite color
• Spread Session-Box Color change it to your favorite color

• Support-Resistance-Box I, Color change it to your favorite color
• Support-Resistance-Box II, Color change it to your favorite color

• show Time-Zones show the different Time-Zones. Local- Broker- and UTC/GMT- Time
• Research function => move boxes one hour at a time by clicking the + and - buttons on the chart, find out which times are most successful for a breakout strategy and write the difference as GMT shift in the settings, or adjust the times for the corresponding box in the settings.