Panca Eagle Breakout Strategy: Setup, Entry and Exit Rules

Panca Eagle is a breakout trading strategy that identifies the previous market range and trades its breakout. Wait for the green zone breakout and confirm with other indicators before entry.

Input Parameters

Market: Forex

Currency Pairs: EURUSD, GBPJPY

Timeframes: M30, H1

Indicators: EMA(5) and EMA(13), RSI(14) with levels 45-55, Toptrend (to avoid false signals)

Strategy: Intraday

Protective Orders: Stop Loss, Take Profit, Trailing Stop.

Chart Setup

To set up indicators correctly, use the trading template. For this:

1. Unpack the archive downloadable at the end of the article.
2. Copy the template to the templates folder.
3. Move indicators to MQL4 -> indicators folder.
4. Restart the terminal.
5. Open the chart of the desired currency pair.
6. Apply the BP Trade template.

The chart should look like this:

Panca Eagle Strategy Rules

1. Wait for the red box to form.
2. Enter only one buy and one sell per day.
3. Risk no more than 5% of total deposit.
4. Minimum Take Profit: 10 pips. For larger Take Profit, set Trailing Stop at 15 pips after 30 pips profit.
5. Stop Loss: 30 pips.

Buy Entry Rules

To open a Buy position, wait for these conditions:

1. EMA(5) crosses and is above EMA(13).
2. RSI indicator is above level 55.
3. Price breaks above the upper green line.

Sell Entry Rules

To open a Sell position, wait for these signals:

1. EMA(5) crosses and is below EMA(13).
2. RSI is below level 45.
3. Price breaks below the lower green line.

To avoid false signals, use the Toptrend indicator:

• Buy only when Toptrend is blue, following all buy conditions above.

• Sell only when Toptrend is red, following all sell conditions above.

The Panca Eagle breakout strategy is simple to use and suitable for beginner traders. If a fixed Stop Loss limits profits, replace it with a stop order on the opposite side of the channel.

Шаблон Panca Eagle | Индикаторы Panca Eagle

FAQ

What timeframes does Panca Eagle use?

M30 and H1 timeframes for intraday Forex trading on EURUSD and GBPJPY.

How to confirm buy signals in Panca Eagle?

EMA(5) above EMA(13), RSI above 55, price breaks upper green line, Toptrend blue.

What are the risk rules for Panca Eagle?

Max 5% risk per trade, 30-pip Stop Loss, 10-pip min Take Profit, one buy/sell per day.