小狗的突围系统~~ (Puppy's Breakout system~~)

Hello everyone,

Forex factory has been a very good place to learn trading forex. There are so many people sharing their systems and I have learned so much from them (whether it is successful or not).

I am going to share my breakout system that I have been trading on. The system was "originally" trying to use Han123 breakout system(you can find it in strategybuilderfx), but with some coding errors I made in MT3, it ended up with something different. Well I am not going to share my MT3 EA, because I don't want people to sell it without my discretion. However you can easily build an EA with it.
However I hold no responsibility to your own trading. Trade with what you can afford to lose.

Here it goes,
1. The system is for GBP/USD only, I haven't tried it on other pairs.
2. find the high(eg. 1.9490) and low(eg. 1.9441) between GMT+4 and GMT+8, deviate 5pip to them(1.9495(H) and 1.9436(L))
3. At GMT+9(ie. one hour after you have done step 2), If you have no trade at the moment,there will be 3 scenarios -
3.1 price are somewhere between the H and L above and at lease 5 pips away - therefore you can place a buystop at 1.9495 and sellstop at 1.9436
3.2 Price are within 5 pips to H and even higher than H - then you buy at market and sellstop at L(1.9436)
3.3 Price are within 5 pips to L and even lower than L - then you sell at market and buystop at H(1.9495)
4. Takeprofit at 80pips from your entry, stoploss at 70pips from your entry and trailing stop at 40.
5. Any buystop or sellstop trade will be deleted on GMT+8(23 hours after entry, or for friday's trade, deleted it first thing when the market is opened)
6. For any trade that is "opened", close the trade 23 hours "after the trade open time"
7. If at GMT+9, you still have 2 trades open, then do nothing more. (until you close both trades according to rule 6 and then wait for next day)
8. If at GMT+9, you have 1 trade open, then
8.1. If Price are within 5 pips to H and even higher than H - then you buy at market
8.2 If Price are within 5 pips to L and even lower than L - then you sell at market
8.3 If price are somewhere between the H and L above and at lease 5 pips away, then you enter buystop at H if Price is closer to H or you enter sellstop at L if price is closer to L
9. Money management: Well that's the difficult part~~hehe....historical results don't necessary mean anything to the future results. For 2006, if risking 0.5%, the maximum drawdown is 4.16% with profit of 22.05%. Starting from this year, I bump it up to 4% with a very small account and the result so far are basically standing still (with some small gains).

You are welcome to ask questions but I don't promise that I will answer all questions. If you have any better suggestion, I will certainly be happy to test it out.

Have a happy trading.