Big Doggie USD Breakout Strategy















This system taken from forexfactory.com
Presented by dznmrd..
This system called by A breakout System.
Its a simple strategy. You need not have any indicator, just the default ones found in your metatrader.

Daily Profit Potentials: Around 30-50pips +

All you need to do is the following:-

1. Pull out a M15 Chart for a USD Major pair, example like GBPUSD.
2. Draw a vertical line at 14:00 time on your Chart.
3. Draw a vertical line at 16:00 time on your Chart.
4. Draw a Horizontal line at the high of candles/bars in between the vertical
line.
5. Draw a Horizontal line at the Low of candles/bars in between the vertical
line.

Thats it, Simply put a buy stop at the high and sell stop at the low with stoploss at the low (If your buying) and stoploss at the high (If your selling).

Ideal Targets: Around 30-50pips or no targets if you think it can go more

Trailing Stop of 15pips, if your using metatrader.

















Some points to note:

1. There are only 9 candles/bars in the 15 minute chart, between 1400-1600.
2. If the Distance between the high and low is less than 50-60 pips, it could be very profitable.
3. If the Distance between the high and low is more than 50-60 pips, it could be not very profitable.
4. If the price doesn't break the high/low, its a ranging market.
5. The USD news are usually released around or after the 14:00-16:00 phase.
6. The signals are only valid for the current day, Next day u again need to wait for the 1400-1600 time and 9 candles again.
















Paramount.mq4
Paramount.ex4

Visit http://www.forexfactory.com/showthread.php?t=103682&page=2
For more detail.


0 comments: