I trade the Forex for couple of years I made a breakout system that is working for me and I want to share it with you, its time to give back for all of you who helped me to understand what I'm doing (I hope so).
And for the work.
The pairs are GBPUSD EURJPY.
TF 15M
SMA 26
i-trend
damiani signal
Long entry
If the SMA direction is up and the green line of itrend is up (best when cross the red line) and in the left corner of damiani is written "trade" I enter after the current bar is over the bar before by 2 pips. I put trailing stop of 15 pips and 20 pips SL if after 20 pips profit I see that the price is loosing steam I take profit after 10 pips I never let it loose. If you see the trend is continue, do it bar after bar. Be care full when the SMA is flat
Short entry – vice versa
PLEASE demo trade it until you feel you can trade it by live account
PLEASE consider the money management not more then 3% of your account.
I'm not responsible for anybody who is loosing money by this system.
I'm also not responsible for my English it's not my native language.
Regards,
Simon