# Weekly Breakout

1. Before the market's open on Monday morning find the total range of the previous week, (high - low = range) and multiply that figure by .30 to obtain the values which will determine our entry points for the coming week----(example: EUD/USD: last week's range (Oct. 6-10, 2008) was 527 pips (high:1.3785, low:1.3258) Now multiply 527 x .30 = 158.1. Round up to get 159 pips. This figure is added to/subtracted from the open for your entry orders in the next step. .

2. Monday’s opening---place pending orders as follows buy at opening price + the quantity from step (1) and sell at opening price – the quantity from step (1).

3. Stoploss Levels-

Check back to step 1 to find the figure for last week's range. Following the example, the previous week's range was a total of 527 pips. Multiply 527 x .10 = 52.7. Round up to get 53 pips. For pending buy order set stoploss below the Monday’s open a total of 53 pips (total risk in this example—159 + 53= 212). For pending sell order just do the reverse set stoploss above the Monday’s open a total of 53 pips (total risk=212). The risk per trade will change every week.

4. Close all orders both open and pending at close on Friday and repeat the whole process for the next week.

Tietoa työnantajasta:
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Projektin tunnus: #4255666

## Myönnetty käyttäjälle:

FXB2009

Pls see PM

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tatapuiu

Hello, I can get this done for you. For more past references and personal details please have a look at my profile. Let me know what you think.

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I am very interested in the project and I am ready to start!

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Hi, I'll do it for you. please see PM for bid details.

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Hi, I'm three years' old experience in mt4 metatrader and I'm interested to have a good collaboration with you.

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