This system is based on daily channel breakout on GBPUSD. it uses 24 hours cycle and trade is placed before Europen session.
1) Sunday to Thrusday at 11:00 PM EST. close all the trades.
2) Place two Entry Orders, Buy 30 Pips above current price, Sell 30 pips below current price. Stop loss is 30 Pips. Do not set takeprofit.
Eg. If GBPUSD is at 1.8000 at 11 PM EST. Place Buy Stop @1.8030 with a stop loss @1.8000 and Sell Stop [email protected] with stop loss @1.8000
3) Exit Statergy: Next day at 11:00 PM EST(Exactly after 24 hours) go to Step 1.
Money Managment: This is most important part. With leverage 1:100 trade 1 minilot per 1000 USD. That mence any given day you will not loose more then 6% of your balance.
Mkcky
1) Sunday to Thrusday at 11:00 PM EST. close all the trades.
2) Place two Entry Orders, Buy 30 Pips above current price, Sell 30 pips below current price. Stop loss is 30 Pips. Do not set takeprofit.
Eg. If GBPUSD is at 1.8000 at 11 PM EST. Place Buy Stop @1.8030 with a stop loss @1.8000 and Sell Stop [email protected] with stop loss @1.8000
3) Exit Statergy: Next day at 11:00 PM EST(Exactly after 24 hours) go to Step 1.
Money Managment: This is most important part. With leverage 1:100 trade 1 minilot per 1000 USD. That mence any given day you will not loose more then 6% of your balance.
Mkcky
Lets Make Money!!!