52 #60-minute breakout system
Breakout open session
Submit By MJ 22/04/2013
System concept: This is an intraday system
that trades on breakouts of the range established in the first hour of trading. This system works on all trading session.
Long trades: Buy if the closing price of the third 30-minute bar is above the high of the first 60 minutes of the day.
Short trades: Sell short if the closing price of the third 30-minute bar is below the low of the first 60 minutes of the day.
Exit: Exit all positions on signals in the opposite direction or at the end of the day.
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Forex Breakout System