OILFXPRO 电缆分支系统 (OILFXPRO cable breakout system)

Hi guys

This cable breakout system looks very promising and your inputs will help.

The strategy was orignally posted with indicators templates at
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This system was the inspiration of Hans and was created by oilfxpro based on the orignal Hans system

Determine the 09.00 CET – 10.00 CET High Low GBP/USD

Set BuyStop at High + 5 pips and SellStop at Low - 5 pips

Set Target Price at entry 70 pips for GBP/USD

Set StopLoss at entry - 45 pips for GBP/USD. If the other side of the breakout is within 45 pips for GBP/USD then the StopLoss will be that level (Longtrade: SL = Low range - 5 pips = SellStop; Shorttrade: SL = High range + 5 pips = BuyStop)

Move the SL to breakeven after a gain of 40 pips for GBP/USD

If a certain position is taken and price turns agains you and it breaks the other side of the breakout channel then turn. If the breakout channel is broader then the stoploss first the stoploss will be hit. If the breakout channel is narrower then the stoploss then hitting the other side means that you have to turn your position. No new trades can be added after 17.00 C E T.

At 18.00 CET all orders expiring and close all trades at market. On Friday we do the same at 18.00 CET.

Exits:If target price is met or earlier When 3 wma crosses 6 wma on 30 m charts.Also exit at 1 st resistance /support on pivots.

Download pivot indicator from
http://f0rex.free.fr/metatrader/mt4-indicators/

This link displays the time in every major city in the world: www.qlock.com.

Indicator below needs updating

Have good discussion and happy trading

El Cid