Forex Breakout Direction Indicator
Away From Keyboard Forex
A Set and Forget Forex Trading Experience
FAQ's
Indicator Frequently Asked Questions
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What is the blue box on the chart?
The Forex Breakout Direction Indicator & EA System trades the Europe open session. The blue "Range" box is the Asian trading session. This is set to 00:00 to 07:00 GMT.
In the settings, you can customise your own range box time to create your own unique breakout trading system.
When the range box ends at 07:00 GMT, we are looking to trade "breakouts" of increase volume and volatility in the opening of the Europe London session.
The largest active trading session in the world.
What is the "ADR Max", "ADR" and "ADR Advice"?
ADR in forex means "Average Daily Range" which means on average how many pips does the currency pair move per day.
Forex breakouts work best, when the currency pair has low movement, then 'breaks out' at pace in the desired direction.
The screenshot below shows ADR Max of 28.9, ADR of 22.3 and ADR Advice = TRADE
The ADR Max is telling the trader that if the currency pair moves less than 28.9 pips within the ranging period then conditions are good for a prefect breakout. The ADR Advice equals TRADE has the ADR is 22.3. If the ranging period goes over the ADR max figure, then the ADR Advice will show "NO TRADE"
The ADR MAX figure will calculate at the start of the range box time.
The ADR figure will update in real time has the range box is traded, and end when the range box session has ended.