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i have seen this system from a guy called hans posted on the strategy
fx website...it is openly posted so i dont think there are any
copyright issues
Simple Combined Breakout System for EUR/USD and GBP/USD
Determine the 06.00 CET – 10.00 CET High Low on EUR/USD and GBP/USD
Determine the 10.00 CET – 14.00 CET High Low on EUR/USD and GBP/USD
Set BuyStop at High + 5 pips and SellStop at Low - 5 pips for both
timeframes and both currencies
Set Target Price at entry + 80 pips for EUR/USD and entry + 120 pips
for GBP/USD
Set StopLoss at entry - 50 pips for EUR/USD and entry - 70 pips for
GBP/USD. If the other side of the Breakout is within 50 pips for
EUR/USD or within 70 pips for GBP/USD then the StopLoss will be that
level (Longtrade: SL = Low range - 5 pips = SellStop; Shorttrade: SL =
High range + 5 pips = BuyStop)
Use a trailing stop of 30 pips for EUR/USD and a trailing stop of 40
pips for GBP/USD
At 24.00 CET all orders expiring and close all trades at market. On
Friday we do the same at 23.00 CET.
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