Käynnissä

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:[url removed, login to view], low:[url removed, login to view]) 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.

Taidot: Metatrader

Näytä lisää: market place sell buy, pending repeat order, buy sell low, buy sell open price, open trade reverse, reverse breakout, reverse trade metatrader, opening range breakout metatrader, opening range, open range breakout metatrader, pending order metatrader, metatrader reverse order, trade reverse, price breakout open pips, open breakout, price metatrader, reverse order metatrader, market open metatrader, reverse trade, reverse buy, open pending orders, metatrader reverse trade, reverse metatrader, total reverse, metatrader trade reverse

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FXB2009

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tatapuiu

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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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