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.
More info for Map of the Market with Breakout ~ forex trading hours 2016:
