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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.

Share your opinion, can help everyone to understand the forex strategy.

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