GbpUsd 5 min breakout
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Thread: GbpUsd 5 min breakout

  1. #1
    that I want to split the system that I started trading this November. I'm getting some very good effects, I obtained 720,6 pips trading GBPUSD (this value contains the normal spread of 2,5 pips, I trade with Alpari Uk).

    Here it is:

    - Draw a box over the 8.00 along with the 8.10 candles onto a blank 5 minute chart (GMT 1, for additional info on timezone conversion visit http://www.timeanddate.com/worldclock/converter.html).

    - Place a buffer of 10 pips on the high and low of the box.

    - Place two pending orders, one buy stop in the top of the box (including buffer, of course) and one sell stop in the bottom of the box.

    - Stoploss is the low of the box in a buy order along with the high in a market order.

    - Require profit is going to be the box size in both circumstances.

    - One order does not cancel another.

    - Orders perish at 23.00 GMT 1 of the next day.

    - I take profit of the first orders is not attained I duplie the lot size in order to cover my previous loss and still make profit, if I have a reduction in the second commerce I wait until the next day. There'll always be a tomorrow.


    Remember, manage your risk wisely, never risk more than 3% of your equity in one trade.


    I'm forward analyzing this method in a small live account and will continue until I've satisfying results that may give assurance enough to trade it on a bigger account and join it to my trading portfolio.

    What do you think about this system?
    https://www.nigeriaforextrading.com/...9935803239.mq4
    https://www.nigeriaforextrading.com/...7-indiors.html

  2. #2

  3. #3
    92525
    Quote Originally Posted by ;
    I think you may be right but, PA still looks SEMI favourable since it has not broke the last retrace high nonetheless. I think I would still be in for now.

    I am using FXCM also it labeled the upper band for me precisely but, I dont input until it moves by 3 pips so that I wouldn't have taken it.
    Glad you overlooked that very long trade!

    I am using the 3 Fragrant as a filter for your transaction. . .and price is below the 60 SMA on the 5 minute, 1 hour and 4 hour charts. So..if you stay with your short trade, you are definitely at the tendency now.

    Good luck, my friend. I am just leery when it comes to this hour of the evening and no strong tendency has developed.

  4. #4
    92525
    Quote Originally Posted by ;
    Are you trading live for this?
    Have been because 20 dec I shed day rest goodtouch wood up to Now

  5. #5
    92525
    Quote Originally Posted by ;
    have been because 20 dec I lost day rest goodtouch wood so far
    'I lost day rest'??????

    Bob2

    What's it for youpersonally?

    What ratio of bad trades to great transactions does the 3 ducks method filter out to you?

  6. #6
    92525
    Quote Originally Posted by ;
    'I lost day rest'??????

    Bob2

    What time is it for youpersonally?

    What ratio of bad trades to good trades does the 3 ducks method filter out to you?
    Sorry bad england seeing a trade and watching ff in order a hurry meant won every day except one

  7. #7
    92525
    Quote Originally Posted by ;
    sorry bad england seeing a commerce and watching ff so in a hurry supposed won every day except one
    Ah right well done.

    Can you trade twice a day if the opportunity arises?

    What MM do you use?

  8. #8
    92525
    Quote Originally Posted by ;
    Ah right well done.

    Can you exchange twice a day if the opportunity arises?

    Exactly what MM would you use?
    Yes leave my orders available till place following day
    always double up as soon as first stuffed
    around 4 percent on second awakened order

  9. #9
    92525
    Quote Originally Posted by ;
    yes leave my orders open until place next day
    always double up whenever first filled
    around 4 percent on second doubled up order
    Thus, averaging gt;2 percent every day.

    Nice return. Hope it continues.

  10. #10
    92525
    Quote Originally Posted by ;
    Therefore, averaging gt;2 percent every day.

    Nice reunite. Hope it continues.
    So do

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