Set Target prices at the entry + 80 pips for EUR/USD and go + 120 pips for GBP/USD
Set loss on entry-50 pips for EUR/USD and entry-70 pips for GBP/USD. If the other side of breakout occurs in 50 pips for EUR/USD or 70 pips for GBP/USD then the loss will be that rate (Longtrade: SL = Low range-5 pips = SellStop; Shorttrade: SL = High range + 5 pips = BuyStop)
Move the SL to breakeven after a profit of 30 pips for EUR/USD and profit by 40 pips for GBP/USD
If certain positions taken and the price turned against you and breaks down the other side of the channel breakout later on. If the channel breakout wider then the first will be exposed to loss loss. If the channel breakout narrower then loss then hit the other means that you must change your position. There is only one rotation per frame is the shortest time
At 24: 00 CET all command end and cover all trade in the market. On Friday we do the same hour 11 pm-link showing CET.This time in every major city in the world: www.qlock.com. I use time CET (Amsterdam, Frankfurt).
Results Of October
2005: 10/03:-22: pips10/04-61 pips10/05: pips10-103/06: 168 pips10/07: 156 pips10/10: 135 pips10/11: + 61 pips10/12: 108 pips10/1: 97 pips10/2: 274 pips10/17: 178 pips Total: 991 pips
The results of this month so extreme. In general the system gives the rate of return on average 600 pips per month of March 2005.
On a monthly basis the result:
March 2005: 721 pips April 2005: 940 pips May 2005: 296 pips June 2005: 857 pips July 2005: 1352 pips August 2005: + 35 pips September 2005:-20 pips October 2005: 1825 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: 1319 pips
All calculations before October 2005 is done by hand, so it is possible that there are irregularities. It is only to demonstrate the power of such a system that is simple.
Source: Hans123
Related Posts