Line breakout

http://i.imgur.com/gqSL8.jpg

HI,

this is very simple system,you have to be patience and money management to this.if i asked for suggestion i would say one plan for moneymanagement.just invest 500usd then trade with 0.03lotsize.then your equity stoploss around 1650pips.ok if you catch 2000pips in 4 pairs for 1 or 2 months then your depposite doubled ,then double your trading lot size with 0.06 it is money managent for any trader for any trading system.

next come to line breakout system.it is very simple scalping system.we use 2 indicators cci20 macd8,13,1.those 2 indicators are zerline based indicators.if price crosse zero line from bottom it is buy signal and above zero line is buy area.this applies to both indicators.

if you draw a trend line in any timeframe chart.if at certain place you feel that price breaking trend line.then you look for indicators confirmation,if they too support go for trade in that direction put stoploss as swing low or swing high then first target is your stoploss pips.that is you are applying 1:1 risk reward ratio.

eurusd,usdchf,gbpusd,audusd,nzdusd these 5 pairs i noticed good for this strategy.

commodities gold silver is very good for this strategy

THANK YOU FOR LISTENING

Curious..How long have you apply on this system ?

hi,

this one i found after somany famouse systems,i created it for my self.i noticed that breakout in the direction of force is good.i uses it mainly in london ,newyork times.it works for me for last one year.

i like simple systems

Hi,

Thanks for sharing your system!

You said: "if price crosse zero line from bottom it is buy signal and above zero line is buy area.this applies to both indicators."

question: must the price cross the zero line on both indicators in order to enter trade or just both indicators must currently be above or below zero line?

Hi saambask,

on what timeframe your system works best? Thnx

Hi saambask,

 

on what timeframe your system works best? Thnx

hi san1111,

it works best on

m30 and above

Hi saambask,

i request you to please provide the image for exact entry point. coz, i need clear in cci and macd. cci is above 0 line and maximum touched or crossed the +100 line for buy but on the time, the macd is on just the zero line. so im little bit confused where i shall enter the market. please give the image. the one image shows the 1000 words.. please I'm eagerly waiting

http://i52.tinypic.com/24l5vk0.jpg

http://i.imgur.com/gqSL8.jpg

HI,

 

this is very simple system,you have to be patience and money management to this.if i asked for suggestion i would say one plan for moneymanagement.just invest 500usd then trade with 0.03lotsize.then your equity stoploss around 1650pips.ok if you catch 2000pips in 4 pairs for 1 or 2 months then your depposite doubled ,then double your trading lot size with 0.06 it is money managent for any trader for any trading system.

next come to line breakout system.it is very simple scalping system.we use 2 indicators cci20 macd8,13,1.those 2 indicators are zerline based indicators.if price crosse zero line from bottom it is buy signal and above zero line is buy area.this applies to both indicators.

if you draw a trend line in any timeframe chart.if at certain place you feel that price breaking trend line.then you look for indicators confirmation,if they too support go for trade in that direction put stoploss as swing low or swing high then first target is your stoploss pips.that is you are applying 1:1 risk reward ratio.

eurusd,usdchf,gbpusd,audusd,nzdusd these 5 pairs i noticed good for this strategy.

commodities gold silver is very good for this strategy

THANK YOU FOR LISTENING

I bet Magicstick or similar tool would be good for this strategy. Saambask, do you wait for close of the bar on the breakout or enter immediately? If immediately, how many pips beyond the line do you enter. Thanks for sharing this interesting strategy. It makes a lot of sense! Diesel10