Hello there,
In case anyone is interested, here is a Forex breakout system for the cable. The Cable 15/30 Breakout System: A Free GBP/USD Breakout Trading System.
Basically, you set up an order to enter on a 15 day high or low being reached targeting 30 pips only; if the 30 pip target is not reached you close the trade at the end of the day and take whatever profit or loss the close gives. Back testing shows that the number of pips won is around 30% greater than the number of pips lost. These types of trades win around 70%+ of the time but the losses are usually greater than the winnings.
I'm trying to make Technical Trading Systems Library so any helpful comments or feed back would be greatly appreciated.
In case anyone is interested, here is a Forex breakout system for the cable. The Cable 15/30 Breakout System: A Free GBP/USD Breakout Trading System.
Basically, you set up an order to enter on a 15 day high or low being reached targeting 30 pips only; if the 30 pip target is not reached you close the trade at the end of the day and take whatever profit or loss the close gives. Back testing shows that the number of pips won is around 30% greater than the number of pips lost. These types of trades win around 70%+ of the time but the losses are usually greater than the winnings.
I'm trying to make Technical Trading Systems Library so any helpful comments or feed back would be greatly appreciated.
