OILFXPRO Euro/usd breakouts 3000 pips per year (OILFXPRO Euro/usd breakouts 3000 pips p)

EUR/USD simple breakout system
* Determine high and low for EUR/USD at 7.00 CET – 8.00 CET
* Set BuyStop to high + 2 points and SellStop to low - 2 points
* Set target price + EUR/USD 40 pips on entry
* Set stop loss on entry - EUR/USD and 20 pips on entry. If the other side of the EUR/USD breakout is within 20 pips, the stop loss will be that level (long trade: SL = Low Range - 2 pips = SellStop; short trade: SL = High Range + 2 pips = BuyStop)

* Move stop loss to breakeven after EUR/USD rises 20 pips

* If a position is taken and the price turns against you and it breaks out to the other side of the breakout channel, then turn. If the breakout channel is wider, then the stop loss will be hit first. If the breakout channel is narrow, stopping then hitting the other side means you have to switch your position. Only one round can be played per time frame.

* All orders expire at 16.30 CET and all trades are closed on the market.
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