Forex Strategies Resources

11# Daily Breakout Trading System

Submit by Forexstrategiesresources

 

Time Frame Daily

Pairs: All

To Open 3 positions

Enter pending orders at 23:30 GMT, no earlier.

Entry = previous day’s high & low +/-10 pip offset rounded respectively

TP = 80 pips

SL = Other side of candle

Target 1 = 20%, stop move to breakeven (First Target = 20)

Target 2 = 50%, stop moved to 20 pips (Second Stop Target = 50)

At 70 pips, stop moved to 50 pips (Third Stop Target = 70)

Target 3 = 100%

 

 

 

In the picture below Daily Breakout  Trading System in action.

 

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