- NO Trolls.
- NO discussion of other non related systems.
- NO discussion of commercial materials (Brokers, Paid Products, etc)
- NO attacking and disrespecting other members.
- You can add tweaks to the system, but NOT change the Main Concept!
- Sharing other indicators not related will be ignored.
- This group focus on manual leaning approach, automation is not the strategy
- Using the thread as means in getting monetary benefits like donations
RULE BREAKERS WILL
BE IGNORED WITHOUT NOTICE!
Timeframes
M15
Daily Reset
5PM US Eastern Time for me
Markets
CADJPY, USDJPY, AUDJPY, EURJPY, GBPJPY
Frequency
Few trades a week
Rules
Breakouts occur when the price closes above a Daily High or below a previous Daily Low
On the advent of a breakout, the closing price acts as an entry level at which a Fixed 1:2 Take Profit and Stop Loss are placed.
(Optional) False Breakouts can be helpful to avoid false positives, these can also be indicative of potential trend reversals. A False Breakout is confirmed when the price of the bar immediately after the breakout bar returns above/below the breakout level
Concept
Total Trades: 601
Total TP's hit: 275
Total SL's hit: 326
Win Rate: Approx. 45.59%
Your profitability would be 0.35, or 35%. This means, on average, for every unit you risk, you expect to gain 0.35 units
CADJPY performance starting 4/30/24:
- 5/1(16:00) +2R
