Weekly Breakout Box System

[bluewoof]

Like to share this set and forget breakout system which appear in February 2010 issued Currency Trader Magazine.

 

http://www.scribd.com/doc/27578873/Weekly-Breakout-Box-System

 

Mirror: Currency Trader Magazine Feb 2010. Turn to page 24.

 

hxxp://rapidshare.com/files/348423148/CT_2010-02.pdf

 

hxxp://hotfile.com/dl/27129656/6a2028e/CurrencyTrader0210rc14.rar.html

 

hxxp://depositfiles.com/files/zj5ix2zsy

Edited May 31, 2010 by bluewoof
Add mirror

[butter143]

can you please upload to other mirrors like 4shared, mirrorcreator etc ?

 

thanks

[synergy]

I have upload this PDF to 4shared. Please note that the file size is rather large - 16 MB.

 

http://www.4shared.com/document/fOefXIWN/Weekly-Breakout-Box-System.html

 

Kudos.

[100pips]

here is the gist of it,

 

Every Monday at 12 a.m. ET the high-low trading range for the previous 14 hours, referred to as the “box size,” is calculated.

 

 

Enter long with a buy-stop if price is more than one box

 

size above the high of the box.

 

Enter short with a sell-stop if price is more than one box

 

size below the low of the box.

 

Exit long at the entry price plus 0.80 * box size.

Exit short at the entry price minus 0.80 * box size.

 

Best pair to trade:

 

EURUSD

 

Breakout = Box size x .6

Profit tarfet = Box size x 2

 

USDJPY

 

Breakout = Box size x 1

Profit tarfet = Box size x 2

[san1111]

Hi all,

 

as I see, one of an important criteria is missing from rules given by 100pips, namely if the box size is less then 20 pips, no orders for the week!

 

regards