Thread: Forex Breakout System

Hello bnbb2004,

Have you manually traded this? If so can you show it has been profitable or can you provide a link to where people have traded this manually to show it is profitable? I am not being critical just seeing if you have manually traded this system.

Regards,
Jeff

Originally Posted by bnbb2004

Hi Funyoo!

I have just read about the Forex Breakout System and wanted to know if it can made into an EA.

RULES:

Long --
* Price above 200 SMA
* Awesome Oscillator is green
* Stoch Histogram is green

Short --
* Price below 200 SMA
* Awesome Oscillator is red
* Stoch Histogram is red

(With the option of turning the awesome oscillator and histogram on or off - true/false)

MM & Exit Strategy --
* Open 2 trades that risk together no more than 5% of the total available balance
* Set a stop loss of -100 pips for both trades
* Trade 1: Set a TP of 50 pips
* Trade 2: Set a TP of 100 pips
* When Trade 1's TP is hit, set Trade 2 to breakeven.

Thanks,

Nicky