Range Breakout

One of the things my currency strength indicator does is identify at least one pair each day that is likely to have a breakout that lasts for several days. The coding to keep a historical log for back testing just finished a few days ago so the earliest log I have for back testing is for Tuesday March 24, 2026. I will post all of the pairs that were provided, starting with March 24, 2026 so no pairs are missing. The system includes a stop loss and take profit.

I put a vertical line before the pair candle to make it easier to see.

I also put Fibonacci lines on the pair candle to mark potential take profit levels. The stop loss is just the other side of the candle.

AUDUSD Tuesday March 24, 2026

GBPUSD Tuesday March 24, 2026

EURUSD Wednesday March 25, 2026

AUDUSD Wednesday March 25, 2026

NZDUSD Wednesday March 25, 2026

AUDNZD Wednesday March 25, 2026

NZDCHF Wednesday March 25, 2026

GBPUSD Wednesday March 25, 2026

GBPAUD Wednesday March 25, 2026

GBPCAD Thursday March 26, 2026

GBPUSD Friday March 27, 2026

USDCAD Friday March 27, 2026

AUDCAD Friday March 27, 2026

GBPCAD Friday March 27, 2026

EURAUD Monday March 30, 2026

This one hasn't triggered yet so I drew the Fibonacci lines in both directions. When the price touches either side first, that'll be the trade side and the opposite side of that will be the stop loss side.

Very impressive! Is this based on an existing strength meter, or is it your own creation?

Hello, nice thread, can you explain more about the strategy, do you have indicator to attach or something else, thanks in advance.

Thanks for the feedback. This setup is definitely not the only thing my indicator identifies but this setup is one that is probably most compatible with different styles of trading since it has a place for SL, TP, any entry method whether it's pending limit, pending stop, market, manual, EA, etc.

I'm willing to share my indicator but for now, I'm checking to see if there's interest in this setup.

100% my own creation.

Yes, the strategy is, when the indicator identifies the pair or often, several pairs, it will be a closed daily candle so we look next day for price to touch either the high or low. If price touches the high, we look for buy entries with stop loss at the low. If price touches the low, we look for sell entries with stop loss at the high. Risk to reward can be 1:1, 1:2, etc.