GBP/USD simple breakout system (GBP/USD simple breakout system) - MT4/MT5 resources
Hello everyone,
I have made so many systems myself, some technical and some mathematical, I will try to post the mathematical systems on this forum
I came up with a very simple GBP/USD breakout system. All I had to do was check the previous day's high and low. For example, last Thursday's high and low were (high = 1.9660) and (low = 1.9769)
I placed 2 orders as follows Buy pending order @ 1.9960 TP 1.9965 (yes, only 5 pips) I used 5 lots Sell pending order @ 1.9769 TP 1.9764 Also used 5 lots This is a 90%+ profitable system, I have backtested this system from September 2005 to date I have won 381 and lost 26 Maximum losses per month are not more than 2 times Average loss per month = 1 Loss There were several months without losses, for example in April 2007, all executed orders were profitable and without losses. I think no one will like this system, because I only risk 5 to 10 pips with my account every day, but in the end my money comes back to my pocket. I am an idea collector, so I try to make any system to get ideas, even if it is risky and meaningless, there is no profit without risk
My order for Monday is:
Buy pending order @ 1.9842 Target price 1.9847 X 5 lots Sell pending order @ 1.9759 Target price 1.9754
I have made so many systems myself, some technical and some mathematical, I will try to post the mathematical systems on this forum
I came up with a very simple GBP/USD breakout system. All I had to do was check the previous day's high and low. For example, last Thursday's high and low were (high = 1.9660) and (low = 1.9769)
I placed 2 orders as follows Buy pending order @ 1.9960 TP 1.9965 (yes, only 5 pips) I used 5 lots Sell pending order @ 1.9769 TP 1.9764 Also used 5 lots This is a 90%+ profitable system, I have backtested this system from September 2005 to date I have won 381 and lost 26 Maximum losses per month are not more than 2 times Average loss per month = 1 Loss There were several months without losses, for example in April 2007, all executed orders were profitable and without losses. I think no one will like this system, because I only risk 5 to 10 pips with my account every day, but in the end my money comes back to my pocket. I am an idea collector, so I try to make any system to get ideas, even if it is risky and meaningless, there is no profit without risk
My order for Monday is:
Buy pending order @ 1.9842 Target price 1.9847 X 5 lots Sell pending order @ 1.9759 Target price 1.9754
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