[Share] 15-30 Pips daily with G/U breakout system

[flowe]

http://ultimaforex.com/forex-trading-system/ultimaforex-client-only-catch-up-to-30-pips-easily-per-day-via-daily-gbpusd-breakout-system/

[iwjw]

really nice system...I like it

But as always...where to set SL??

[cazador]

http://www.ultimaforex.com/ultimaforexbreakout.zip

[flowe]

Just works on 4 digits broker

[synergy]

SL is 30 - 35 pips from buy stop or sell stop. So the risk reward is like 2:1.

[synergy]

You can use Panca Eagle indicator in place of this indicator, to work on 5 digit broker.

 

http://www.4shared.com/file/XMRta9Yk/panca-eagle_break_out.html

 

http://i914.photobucket.com/albums/ac343/kampungkid/FX/EagleBreak.jpg

 

example: For 4 digit broker, set for 10, 5 digit broker, set for 100.

 

The inner box is the range high low within your set period. Outer box is offset.

 

Applied to the above system, set the start time and end time accordingly, and set the offset to 10/100 according to 4 digit or 5 digit broker, and set your sell stop, buy stop at the edge of the outer box, with TP 15 pips and SL 30 pips, or your own settings.

 

The only difference is panca eagle does not draw another box for TP, but it helps.

Edited August 5, 2010 by synergy
additional info.

[Freddie]

Hi Syn, it says that the link is not valid

 

Freddie

[aliak]

what time frame?

[Freddie]

what time frame?

 

You choose one. It is a breakout: You choose how long you want say from 9pm one day to 10 am the next. Find the range and buy stop from high sell stop from low. TP and SL what you want.

 

I use half an hour 10 am to 10:30

 

Hope this helps

 

Freddie

[synergy]

Sorry Freddie, this 4shared Desktop thingy has hit me again by renaming my originally uploaded file and changed the link.

 

http://www.4shared.com/file/nOheThp2/_2__panca-eagle_break_out.html

Edited August 7, 2010 by synergy
typo

[daveg1]

Link is working now, thanks synergy.