FOREX 4-7 GMT Breakout Strategy
Forex Strategy 4-7 GMT Breakout Strategy
Forex Strategy 4-7 GMT Breakout Strategy operates on the principle of strategy, Big Dog , but it is intended for the currency pair GBPUSD , the timeframe for convenience, choose M15
So delineates period in the form of "boxes" from 04.00 to 07.00 on GMT on the high and low prices (for ease of download indicator ant-GUBreakout_V.0.4. 2.ex4 at the end of this strategy, forex).
Next at a distance from 0 to 5 points expose on 2 pending orders on each side (equal lots, but if you wish - you can play around with the volume of transactions) on the breakdown of this " the box. " Respectively - 2 buy-stop - to buy and two sell stop to sell. If the price breaks the box immediately after closing the candle at 06.59 and 7.00 at the opening of the candle - conclude a deal on the direction of the breakout of "boxes"!
take profit number 1 - 30 points.
take profit number 2 - 60 points.
Stop-Loss set on the opposite side of the "box". As soon as the price goes over 30 points and an order is closed with a profit, the second swap to breakeven!
did not work warrants are removed at 18.00 GMT!
That's the whole strategy. Next, look only examples of transactions (for clarity):
And some statistics:
Subject to closing only one profit 30 points on the breakdown of "boxes" 4-7 GMT from 16 March to 17 July 2009 on the currency pair GBPUSD profit was +1700 points! (4 months)