分线系统 (Breakout System)

Hi everyone,

This is my first post here, I'll attempt to descirbe this system I have been trading.

Great for London Open

1. Chart Set Up.

GBPUSD Time Frame 15 Mins

Indicators : SMA Period 21
9 Period Bollinger Bands Standard Deviation Set at 1. Levels set at 0.75 and -0.75

2. Entry Rule :

SMA must be Pointing down for a short entry. Bollinger Bands must be Pointing down for a short entry.

Set Up Candle must be a candle where the Open is in the Top 30% of the Candle and the Close is in the Bottom 30% of the Candle. This indicates a significant move down. The Candle must close outside of the bollinger bands. This candle is called a Down Bar Candle.

Trade Entry is set at 1 Pip Plus Spread below the Low of the Set Up Candle.

Exit is set at 2/3xATR at the time of the Trade. Initial Stop Loss is Set at 1xATR at the time of the Trade.

That describes a Short Trade. The opposite is true for a Long Trade.

I'll attach a chart.

Added Alert for Up and Down Candles. Need to put it in Expert Folder and attach to chart as an expert.

Kind thanks to PipPicker for his expert help on Breakout Expert Advisor.