GBP/JPY breakout method
Posted: Tue Jul 07, 2009 8:49 pmForum transfer: Submitted by James on September 09, 2008 20:00
Currency: GBP/JPY
System: Find the maximum and the minimum between 18:00GMT and 2:00GTM and put a buy stop order +5 pips +spread with maximum and a sell stop order -5pips – spread with the minimum.
Profit target 100 pips
Stop loss 50 pips
If close in Loss open again the stop orders. Do not trade for the day if closed in Loss for the second time. Do not initiate new trades if closed in Profit.
Do not change the Stop and the Profit targets.
Close orders manually only at the end of the day (18:00 GTM).
James Ayetemimowa
femjam78[at]yahoo.com
Currency: GBP/JPY
System: Find the maximum and the minimum between 18:00GMT and 2:00GTM and put a buy stop order +5 pips +spread with maximum and a sell stop order -5pips – spread with the minimum.
Profit target 100 pips
Stop loss 50 pips
If close in Loss open again the stop orders. Do not trade for the day if closed in Loss for the second time. Do not initiate new trades if closed in Profit.
Do not change the Stop and the Profit targets.
Close orders manually only at the end of the day (18:00 GTM).
James Ayetemimowa
femjam78[at]yahoo.com