Break out 15M system (Break out 15M system) | Foreign exchange EA download- MT4/MT5 resources
I have been trading Forex for a few years now and I have a breakout system that worked for me and I wanted to share it with you, it's time to give back to everyone who helped me understand what I was doing (I hope).
For work.
These currency pairs are GBPUSD EURJPY.
TF 15M
SMA 26
itrends
damiani signal
long entry
If the SMA is pointing up, and the green line of itrend is pointing up (preferably when it crosses the red line), and the left corner of the damiani says "Trade", I will enter the trade after the current bar crosses the previous bar by 2 points. I set a trailing stop with a 15 pip and 20 pip stop, and if I see the price is losing momentum after the 20 pip profit, I take the profit after the 10 pip profit, and I never let go. If you see a trend continuing, work on it one root at a time. Be careful when SMA is flat
Entering short – and vice versa
Please practice trading until you feel comfortable trading with a live account
Please consider money management to be no more than 3% of your account.
I take no responsibility for anyone who loses money due to this system.
I'm also not responsible for my English, it's not my native language.
greeting,
Simon
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