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.

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

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