OILFXPRO oilbreakout system
Posted: Fri May 02, 2008 7:27 pm
Hi Gals
This strategy produced 1891 cents profit from 1/1/2007 to 16/2/2007 ,
for 50 trades ,with a drawdown of 200 cents,and average average profit per trade of 37.82 cents....................1750 cents net after spreads over 35 working days = 50 cents per working day
Determine the 12.00 CET ? 14.00 CET High Low on QM mini crude.Place trade at 14.00 cet for first entry
Determine the 14.00 CET ? 16.00 CET High Low on QM mini crude.Place trade at 16.00 cet for second entry
Set BuyStop at High + 15 cents and SellStop at Low - 15 cents
Set Target Price at entry + 150 cents (exit only on exit rules or if stops hit)
Set StopLoss at entry - 100 cents
. If the other side of the breakout is within 70 cents then the StopLoss will be that level (Longtrade: SL = Low range - 15 cents = SellStop; Shorttrade: SL = High range +15 cents = BuyStop)
Move the SL to breakeven after a gain of 100 cents
If a certain position is taken and price turns agains you and it breaks the other side of the breakout channel then turn. If the breakout channel is broader then the stoploss ,first the stoploss will be hit. If the breakout channel is narrower then the stoploss then hitting the other side means that you have to turn your position. Three turns per day is maximum limit
If the morning channel (8 am to 12 am )is greater than 150 cents do not trade.
EXITS
At 21.00 CET all orders expiring and close all trades at market. On Friday we do the same at 20.00 CET.
This link displays the time in every major city in the world: Qlock - World Clock
I use professional quality EXPERT ADVISERS for metatrader already for this system so please do not copy my work that I distribute freely and do not use it for commercial exploitation
Trial expert advisors posted and valid until 31/03/2009
Cortesy of http://www.oilfxpro.com
try it on demo for 6 months
OILFXPRO
This strategy produced 1891 cents profit from 1/1/2007 to 16/2/2007 ,
for 50 trades ,with a drawdown of 200 cents,and average average profit per trade of 37.82 cents....................1750 cents net after spreads over 35 working days = 50 cents per working day
Determine the 12.00 CET ? 14.00 CET High Low on QM mini crude.Place trade at 14.00 cet for first entry
Determine the 14.00 CET ? 16.00 CET High Low on QM mini crude.Place trade at 16.00 cet for second entry
Set BuyStop at High + 15 cents and SellStop at Low - 15 cents
Set Target Price at entry + 150 cents (exit only on exit rules or if stops hit)
Set StopLoss at entry - 100 cents
. If the other side of the breakout is within 70 cents then the StopLoss will be that level (Longtrade: SL = Low range - 15 cents = SellStop; Shorttrade: SL = High range +15 cents = BuyStop)
Move the SL to breakeven after a gain of 100 cents
If a certain position is taken and price turns agains you and it breaks the other side of the breakout channel then turn. If the breakout channel is broader then the stoploss ,first the stoploss will be hit. If the breakout channel is narrower then the stoploss then hitting the other side means that you have to turn your position. Three turns per day is maximum limit
If the morning channel (8 am to 12 am )is greater than 150 cents do not trade.
EXITS
At 21.00 CET all orders expiring and close all trades at market. On Friday we do the same at 20.00 CET.
This link displays the time in every major city in the world: Qlock - World Clock
I use professional quality EXPERT ADVISERS for metatrader already for this system so please do not copy my work that I distribute freely and do not use it for commercial exploitation
Trial expert advisors posted and valid until 31/03/2009
Cortesy of http://www.oilfxpro.com
try it on demo for 6 months
OILFXPRO