The rules are very simple and for people like me who can not stay in the front on the computer.
Any previos day inside bar you see on major pair, place a buy stop order with 5 pips above the the high (previos day) and sell stop with 5 pips under low (previos day).
I take data from IBFX charts and i will take the new day at 5:00pm est.
Open 2 lots, once you get up 30 pips, close one lot profit and move break even the second lot. let it run and take profit at the same amount of previous day pips.
Place stops at the end of low or high previous day candel, depend of wich direction breakout is.
Any suggestion welcome and if someone is running this strategy already , i appologize, the ideea come from all the guys who open the tread http://www.forexfactory.com/showthread.php?t=86766
and i have all the respect for them.
Anyone who like to help in any way, much appreciate.
Any suggestion for Money Managament, please post here.
I also am subscribe to a news calendar weekly( please dont ask me wich one, i will not tell) and that can help me to decide wich direction and how powerfull will be that break.
God speed to all.
ps.
Today breakout IB on eur/usd was at 1.5625, up +52 pips
take 30 pips, move second lot to break even, target 1.5750
Any previos day inside bar you see on major pair, place a buy stop order with 5 pips above the the high (previos day) and sell stop with 5 pips under low (previos day).
I take data from IBFX charts and i will take the new day at 5:00pm est.
Open 2 lots, once you get up 30 pips, close one lot profit and move break even the second lot. let it run and take profit at the same amount of previous day pips.
Place stops at the end of low or high previous day candel, depend of wich direction breakout is.
Any suggestion welcome and if someone is running this strategy already , i appologize, the ideea come from all the guys who open the tread http://www.forexfactory.com/showthread.php?t=86766
and i have all the respect for them.
Anyone who like to help in any way, much appreciate.
Any suggestion for Money Managament, please post here.
I also am subscribe to a news calendar weekly( please dont ask me wich one, i will not tell) and that can help me to decide wich direction and how powerfull will be that break.
God speed to all.
ps.
Today breakout IB on eur/usd was at 1.5625, up +52 pips
take 30 pips, move second lot to break even, target 1.5750