i know an easier breakout sys.

draw fibo retracement on a major move. 1HR chart.

place buy or sell @ 50%.


99.9999% success rate. until u get continue to get stopped out.


the point is, with these type of set and forget systems, its very difficult to set stop losses. its because take profit must be small in order to increase success, and at the same time, stop loss will be larger than tp because of the obvious bias towards success.

when risk>reward, doesn't work in the long run.


btw i wonder if igore was trading this live for at least a few month before he posted the system. u'd be surprised how many "systems" in this forum are tested on demo and claim to be forward test. :/ not very reassuring.