Originally Posted by el cid

Hi

Determine the 01.00 CET – 02.00 CET High Low usd/yen

Set BuyStop at High + 5 pips and SellStop at Low - 5 pips

Set Target Price at entry 70 pips for usd/yen

Set StopLoss at entry - 55 pips for usd/yen. If the other side of the breakout is within 55 pips for GBP/USD then the StopLoss will be that level (Longtrade: SL = Low range - 5 pips = SellStop; Shorttrade: SL = High range + 5 pips = BuyStop)



Move the SL to breakeven after a gain of 55 pips for usd/yen on the first position.

If a certain position is taken and price turns agains you and it breaks the other side of the breakout channel then turn. If the breakout channel is broader then the stoploss first the stoploss will be hit. If the breakout channel is narrower then the stoploss then hitting the other side means that you have to turn your position. .Use discretion and other t/a based exits.


This link displays the time in every major city in the world: www.qlock.com.

At 19.00 CET all orders expiring and close all trades at market. On Friday we do the same at 19.00 CET