Minggu, 03 April 2016

Map of the Market with Breakout - forex trading hours 2016

Map of the Market with Breakout ~ forex trading hours 2016


Map of the Market with Breakoutis a trading system whose purpose is to identify the movements that occur on a day in all three sessions (Asia, Europe, America).
Time Frame 15 min.
To achieve this goal I have identified five boxes on the chart:
first (2:00 -3: 00);
second (5: 00- 6: 00);
third (9: 00- 10:00);
fourth (15: 00- 16:00);
fifth (17: 00- 18:00).
These boxes are determined by the fact that the market movements on average occur after these hours.

First way
Buy
Place a buy stop order 2 pips above the last 15 minute candle of the box.

Sell
Place a sell stop order 2 pips below the last 15 minute candle of the box.

Second way
Buy
Place a buy stop order 2 pips above the high of the box.

Sell
Place a sell stop order 2 pips below low of the box.

Profit target 15-20 pips. Aggressive profit target 5-7 pips.
Initial stop loss 20 pips after 14 pips in gain move stop at the breakeven.
You can also use a trailing stop of 15-18 pips.

In the examples show both ways to buy and sell.
I recommend the second, to consider, the maximum and minimum of the box to place pending orders.
Map of the Market with Breakout

Map of the Market with Breakout


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