Break out 15M system

Hello to all of you.

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

Hi Simon,

Thanks for the thread. I've got a few questions:

1. Do you have real results with this system (%) ?
2. How many entries it gives on a day?
3. Could you explain in detail the entry/exit rules? English is not my native language too.

Regards,

Raul

HI

What is the settings for i-trend and Damiani, please.

P/S My command of English is lacking too

maybe you can share your tpl?? please

Interesting system, but it would be very nice if Simonr (who's still around the FF) would come back on his thread after over a year and at least have the courtesy to give an update on his trading method.

He posted once and then never came back after saying he had traded this system for quite awhile successfully. How about it Simon? What's going on?

I'd like to know if you have been using this for a while or just for a couple of months. I've found that just about every mechanical system tanks eventually because of changes in market conditions. Have you seen this one work for the long run?