Breakout System from the European Session

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My strategy:

tarde EUR/USD
take the high and the low of the European session from 03:00 EST to 08:00 EST
this is your breakout channel
+ 5 pips "stretch" to the high
- 5 pips to the low

ENTRY:

this is your trigger: when price CLOSES above (or below) open a position with 3 lots (market order).

SL at the low (or high) of the candle that triggered the entry



EXIT:

Close 2 lots when 20 pips profit
SL at breakeven and exit the 3rd lot (if not stopped) at NY market close.

When the European session has been flat (20-40 pips range) there is a great chance that we have a good breakout for 20/30 pips during the NY session.

I would like your view and comments if you have time to look at this simple but effective strategy



All new ideas welcome!

traderix

why to have put twice the same message in the forum? is this really necessary?

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All long voyages always start from the first small steps ...

how effective?

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