Forex Strategies Resources

12# Hans Breakout Trading System

Submit by joy22

Time Frame: 15, 30, 60 min

Pairs:Eur/USD, GBP/USD

 

Long Entry

  • Buy when price crosses up red dot (resistance). There can be two trades in a single day, because there're two string of red dots.

Short Entry
  • Sell when price crosses down blue dot (support).

     

  • Set stop loss 50 pips away (EURUSD) or 70 pips (GBPUSD). If the other end ofbreakout is closer, then set SL to the breakout.

  • Close all orders and trades when the dots end.

Profit Target: 65 pips EUR/USD, 80pips GBP/USD


 

In the picture below Hans Breakout Trading System in action.

Trading System
Hans Breakout.rar
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