Simple Breakout System for EUR/USD
* Ascertain the 07.00 CET -- 8.00 CET High Low on EUR/USD
* Set BuyStop at High 2 pips and SellStop at Low - 2 pips
* Set Target Price at entry 40 pips for EUR/USD
* Set StopLoss at entry - 20 pips for EUR/USD and entry. If the other side of the breakout is over 20 pips for EUR/USD then the StopLoss will be the level (Longtrade: SL = Low range - two pips = SellStop; Shorttrade: SL = High range 2 pips = BuyStop)
* Transfer the SL to breakeven following a gain of 20 pips for EUR/USD
* If a particular position is taken and price turns agains you and it breaks the opposite side of the breakout station then flip. If the breakout station is wider then the stoploss the stoploss is going to be struck. If the breakout station is thinner then the stoploss then hitting on the other side means you need to turn your own position. There is but 1 turn possible.
* At 16.30 CET all orders expiring and close all trades at market.
Use indior and alter settings on indior
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