320# JBS Breakout Trading System

Trading with Envelope and Bollinger Band

Submit by Joy22 09/03/2012

 

Time Frame H1

Currency Pairs: all.

 

Indicators:

Bollinger Band (9, 2);

20MA;

Envelope 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.

In the pictures JBS Breakout forex system in action.

jbs
Forex Trading System
jbs-.rar
compressed file archive 10.2 KB

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3_Level_ZZ_Semafor
Metatrader
3_Level_ZZ_Semafor.rar
compressed file archive 2.0 KB
StochasticHigh
StochasticHigh.rar
compressed file archive 3.0 KB
StochasticLow
StochasticLow.rar
compressed file archive 3.0 KB