Simple Combined Breakout System for EUR/USD and GBP/USD
Determine the 06.00 CET – 10.00 CET High Low on EUR/USD and GBP/USD
Determine the 10.00 CET – 14.00 CET High Low on EUR/USD and GBP/USD
Set BuyStop at High + 5 pips and SellStop at Low - 5 pips for both timeframes and both currencies
Set Target Price at entry + 80 pips for EUR/USD and entry + 120 pips for GBP/USD
Set StopLoss at entry - 50 pips for EUR/USD and entry - 70 pips for GBP/USD. If the other side of the breakout is within 50 pips for EUR/USD or within 70 pips for GBP/USD then the StopLoss will be that level (Longtrade: SL = Low range - 5 pips = SellStop; Shorttrade: SL = High range + 5 pips = BuyStop)
Move the SL to breakeven after a gain of 30 pips for EUR/USD and a gain of 40 pips for GBP/USD
If a certain position is taken and price turns agains you and it breaks the other side of the breakout channel then turn. If the breakout channel is broader then the stoploss first the stoploss will be hit. If the breakout channel is narrower then the stoploss then hitting the other side means that you have to turn your position. There is only one turn per time frame possible
At 24.00 CET all orders expiring and close all trades at market. On Friday we do the same at 23.00 CET.This link displays the time in every major city in the world: www.qlock.com. I am using CET time (Amsterdam, Frankfurt).
Results October
2005:10/03 : -22 pips10/04: -61 pips10/05: -103 pips10/06: +168 pips10/07: +156 pips10/10: +135 pips10/11: +61 pips10/12: +108 pips10/13: +97 pips10/14: +274 pips10/17: +178 pipsTotal: +991 pips
The results this month are extreme. In general the system gives you an average return of 600 pips a month from March 2005.
On monthly basis the results are:
March 2005: +721 pips April 2005: +940 pips May 2005: +296 pips June 2005: +857 pips July 2005: +1,352 pips August 2005: + 35 pips September 2005: -20 pips October 2005: +1,825 pips November 2005: +554 pips December 2005: +345 pips January 2006: +73 pips February 2006: -13 pips March 2006: +633 pips April 2006: +617 pips May 2006: +1,319 pips
All calculations before October 2005 are done by hand, so it is possible that there is a small deviation. It is only to show the power of such a simple system.
Source : Hans123
Determine the 06.00 CET – 10.00 CET High Low on EUR/USD and GBP/USD
Determine the 10.00 CET – 14.00 CET High Low on EUR/USD and GBP/USD
Set BuyStop at High + 5 pips and SellStop at Low - 5 pips for both timeframes and both currencies
Set Target Price at entry + 80 pips for EUR/USD and entry + 120 pips for GBP/USD
Set StopLoss at entry - 50 pips for EUR/USD and entry - 70 pips for GBP/USD. If the other side of the breakout is within 50 pips for EUR/USD or within 70 pips for GBP/USD then the StopLoss will be that level (Longtrade: SL = Low range - 5 pips = SellStop; Shorttrade: SL = High range + 5 pips = BuyStop)
Move the SL to breakeven after a gain of 30 pips for EUR/USD and a gain of 40 pips for GBP/USD
If a certain position is taken and price turns agains you and it breaks the other side of the breakout channel then turn. If the breakout channel is broader then the stoploss first the stoploss will be hit. If the breakout channel is narrower then the stoploss then hitting the other side means that you have to turn your position. There is only one turn per time frame possible
At 24.00 CET all orders expiring and close all trades at market. On Friday we do the same at 23.00 CET.This link displays the time in every major city in the world: www.qlock.com. I am using CET time (Amsterdam, Frankfurt).
Results October
2005:10/03 : -22 pips10/04: -61 pips10/05: -103 pips10/06: +168 pips10/07: +156 pips10/10: +135 pips10/11: +61 pips10/12: +108 pips10/13: +97 pips10/14: +274 pips10/17: +178 pipsTotal: +991 pips
The results this month are extreme. In general the system gives you an average return of 600 pips a month from March 2005.
On monthly basis the results are:
March 2005: +721 pips April 2005: +940 pips May 2005: +296 pips June 2005: +857 pips July 2005: +1,352 pips August 2005: + 35 pips September 2005: -20 pips October 2005: +1,825 pips November 2005: +554 pips December 2005: +345 pips January 2006: +73 pips February 2006: -13 pips March 2006: +633 pips April 2006: +617 pips May 2006: +1,319 pips
All calculations before October 2005 are done by hand, so it is possible that there is a small deviation. It is only to show the power of such a simple system.
Source : Hans123
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