28# James Patterns Breakout Forex Trading System

Submit by Joy22 03/12/2011

 

Time Frame daily.

Currency pairs all.

 

Indicator James Pattern

How the strategy works 

 

Buy When appears the the buy pattern, if next candle, broken the the body upper pattern candle,

Sell When appears the the sell pattern, if next candle, broken the the body lower pattern candle,
Stop loss

  • Stop loss for buy positions is placed 2 pips below the breakout candle.

  • Stop loss for sell positions is placed 2 pips above the breakout candle.

Profit Target: risk-to-reward ratio 1.5 (or use any profit method you like) 

Forex Metatrader indicator: James Patterns
Forex Metatrader indicator: James Patterns for trading based on the patterns and levels of the support and resistance.
James 16 patterns.rar
compressed file archive 1.8 KB

 

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