Description

Auto Orderblock with Break of Structure Strategy V5.7

What is the Auto Orderblock with Break of Structure?

The Auto Orderblock with Break of Structure strategy combines technical analysis and automated tools to enhance trading decisions. Here’s how it works:

1. Identify Orderblocks:
   • Use an automated tool to scan the forex market and find key orderblocks.
   • Orderblocks are areas of support or resistance where a large number of buy or sell orders have accumulated.
   • These levels create zones of strong support or resistance.
2. Monitor Price Action:
   • Once orderblocks are identified, monitor the price action around them.
   • Look for signs of consolidation or a buildup of buying or selling pressure.
   • Pay attention to candlestick patterns (e.g., dojis, hammers, shooting stars) and indicators (e.g., RSI, MACD).
3. Wait for Breakout:
   • A breakout occurs when price moves outside the boundaries of the orderblock.
   • This indicates a shift in market sentiment.
   • Look for a significant price move in the direction of the breakout, which could signal the start of a new trend.

Buy Signal for Auto Orderblock with Break of Structure:

1. Identify an Orderblock Area:
   • Locate an orderblock area on the chart where a large number of buy orders have accumulated (strong support zone).
   • Use the automated tool to monitor price action around this orderblock.
2. Look for Consolidation or Buying Pressure:
   • Observe bullish candlestick patterns or an oversold condition on the RSI.
   • These indicate potential buying pressure.
3. Wait for Breakout:
   • Wait for price to break above the upper boundary of the orderblock area.
   • This signals a shift in sentiment and the potential start of a new uptrend.

Sell Signal for Auto Orderblock with Break of Structure:

1. Identify an Orderblock Area:
   • Locate an orderblock area where a large number of sell orders have accumulated (strong resistance zone).
2. Look for Consolidation or Selling Pressure:
   • Observe bearish candlestick patterns or an overbought condition on the RSI.
   • These indicate potential selling pressure.
3. Wait for Breakout:
   • Wait for price to break below the lower boundary of the orderblock area.
   • This signals a shift in sentiment and the potential start of a new downtrend.

Additional Information:

• Minimum Deposit: The minimum deposit required to trade using this strategy depends on your broker and risk tolerance.
• Timeframe: The strategy can be applied across various timeframes (e.g., H1, H4, daily).
• Currency Pairs: You can use this strategy on any currency pair, but consider major pairs for liquidity.

You can check more on

yoforex.org

fxcracked.org

forexfactory.cc

yoforexea.com

mql5.software

How to Get Started

1. Download :
   • Download Auto Orderblock with Break of Structure Indicator from the provided link. https://www.yoforex.org/product/auto-orderblock-with-break-of -structure-indicator/
   • Visit our website https://www.yoforex.org/ for additional resources and insights.Contact:  @yoforexpremium

 

😎💫Happy Trading💫😎