Forex Strategies Resources
320# JBS Breakout Trading System
Submit by Joy22 09/03/2012
Time Frame H1
Currency Pairs: all.
Indicators:
Bollinger Band (9, 2);
20MA;
Envelpope 7;
Stochastic(Stochastick high; Stochastic low);
3 level Z Semafor
Momentum 6.
Long Entry:
The price breaks upper envelope band and upper band of the BB;
Stochastic high and stochastic low are >momentum 6.
Short Entry:
The price breaks lower envelope band and lower band of the BB;
Stochastic high and stochastic low are <momentum 6.
Exit
Trade objective: 1:1 risk-to-reward ratio or better.
First stop loss 30-40 pips or 8 pips below or above MA20.
Move stop loss to break even after 30 pips in gain.
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