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30# Verbtheory's Trading System

Submit by Janus Trader 26/12/2011

 

VERBTHEORY’S DAY BREAK TRADING RULES v1.0

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

Target 2 = 50%, stop moved to 20 pips

At 70 pips, stop moved to 50 pips

Target 3 = 100%

Positions = 3

charting. Their server time is calibrated to GMT.

This system is calibrated at 00:00 GMT. VERY important.

2.Enter pending buy stop at previous day’s high PLUS10 pips with 3 positions.

Stop loss = previous day’s low

3.Enter pending short stop at previous day’s low MINUS10 pipswith 3 positions.

Stop loss = previous day’s high

4.Setup MTP3.4 with following:

First Target = 20

Target Increment = 30

Close Lots = 0.1

Move Stops = True

First Stop Target = 20

First Stop = 2

Second Stop Target = 50

Second Stop = 20

Third Stop Target = 70

Third Stop = 50


Use Max Loss = False

Max Loss = 20

Magic Number=0

5.Don’t tamper with the trade. Stick to the plan.

6.Walk away and enjoy your life.


Verbtheory's

 

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Comments: 3
  • #3

    Ron (Monday, 03 June 2019 20:23)

    depends on volatility, uses ADR 2 for the range and calibrates the TP in relation to the ADR value

  • #2

    Tito (Wednesday, 29 May 2019 20:11)

    Use broker 00h00 gmt and look next 30 days backtest u see No work ..

  • #1

    toto (Sunday, 19 February 2017 08:18)

    Thank You

Verbtheory's
Trading System: Set and forget Forex Strategy.
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