Pair(s) : Any
Works best on : GBPJPY, EURUSD, EURJPY
Platforum : MT4
Here are the steps :
a) Draw HI-LO box between 0000H to 0100H candles
b) 5EMA should be inside the box before the breakout for valid setups
c) Enter ONLY when 5EMA broke from the box, take profit at 20-30 pips
Chart
A :
- The box drawn by drawing two lines (Hi and Low between 0000H to 0100H candles)
- 5EMA is inside the box at the opening of the candle at 0300H
B :
- 5EMA broke away from the box, open at the new candle and TP 20-30 PIPS