*** Forex system - 63 EMA breakout

Entry rules:

Draw a 63 EMA accross your 1hr time frame chart. If all the candle sticks downloading from Asian session are above the 63 EMA then the bias for the breakout is an uptrend. As soon as London session opens, measure the highest of the candle stick from Asia session and filter with 5pips (for 4 decimal plattform and use 50pips for 5 decimal plattform). Place a buy stop order and aim for 30pips (for 4 decimal and 300 for 5 decimal plattform). It will give you a minimum of 30pips and a maximum of 200pips. Use a stop loss of 40-45 pips. Do the same if all the candle sticks download below the 63 EMA and place a Sell stop order with the same filter and take profit.

Exit rules:

If the candle sticks downloading from Asian session crosses accross or touches in between the 63 EMA, exit the market for the day. Problem about this strategy is that it will you minimal entries throughout the month. Maximum of 8 trades a month and minimum of 6 trades a month. But when it gives entry you can be assured of winning.

Please back test this on the GBP/USD 1hr time frame as long as you can and see for yourself. But the problem is that i'm still working for a strategy that would give me entry points everyday for any currency pair. If any one has a great discovery has this, please e mail me at dayosharks@yahoo.com....... I mean a strategy of atleast 90% winning streak.

IN ADDITION TO THE 63 EMA BREAKOUT

EXIT RULE:

IF YOUR ORDER DOESNT EXECUTE BY THE CLOSE OF THE 11:00 GMT CANDLE... PLS CANCEL YOUR ORDER AND WAIT FOR ANOTHER DAY. THE FIRST THREE HOURS OF THE UK OPEN HAS MOST OF ITS STRONG MOMENTUM AND VOLATILITY COS THEN ASIA IS ABOUT ROUNDING UP. TANX AND HOPE YOU MAKE ENOUGH PIPS.

MORE TIPS:

IF I WERE YOU, DUE TO MINIMAL ENTRIES YOU'LL GET IN A MONTH, I'LL AIM FOR 40-200 PIPS TARGET AND TRAIL STOP LOSS OF 30 PIPS. 30 PIPS IS SO SURE!

Forex system - 63 EMA breakout

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