I have developed this forex strategy and used it for a while about a four years ago. It is still one of my most favorite position entry system I have created. It is scalable and it can be applied across all currency pairrs and time frames. However this strategy works better in timeframes above 1 hour. This strategy is easy to learn and to practice.

My forex strategy looks for breakout candle in the direction of market trend. To consider the signal valid we will need to look at the way how the price surpassed previous low/high in the wave structure of instrument.
Used forex indicators:
Exponential Moving averages (100,200) This combination of moving averages functions very well in finding the trend. Trading in the direction of general market development improves success rate of any breakout signal.
Fractals: Fractals will simply help us to marke the lowest low/ the highest high reached in price development. They will mark price zone of which breakout will be expected and traded.
Forex strategy rules
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SELL

EMA 200 is moving below EMA 200. Conservatively signalizing downtrend. We will be looking for a trend continuation on previous low breakout.
Bullish fractal formed (down pointing arrow), marking the new low that was reached within our current trend (since EMA 100 crossed EMA 200 downwards).
We mark the price reached by lowest low and we wait for confirmed breakout.
Confirmed breakout: Strong bearish candle. More than a half of candle body closes below the previous lowest price.
We place stop loss above the high of a candle.
Take profit: I usually go for a distance that is at least twice the size of stop loss. However, in raging trend you can go for more. This is up to a traders experience. Alternatively other position liquidation modules can be used.
Buy

EMA 100 is moving above EMA 200. Conservatively signalizing uptrend. We will be looking for a trend continuation on previous high breakout.
Bearish fractal formed (up pointing arrow), marking the new high that was reached within our current trend (since EMA 100 crossed EMA 200 upwards).
We mark the price reached by highest high and we wait for confirmed breakout.
Confirmed breakout: Strong bullish candle. More than a half of candle body closes above the previous highest price.
We place stop loss below the low of a candle.
Take profit: I usually go for a distance that is at least twice the size of stop loss. However, in raging trend you can go for more. This is up to a traders experience. Alternatively other position liquidation modules can be used.