SURE FOREX SYSTEM
The Sure Forex Breakout System is a straightforward strategy for trading GBP/USD based on breakout principles. Here's a summary of the buy and sell rules:
Buy Trade:
- If the 89 EMA (exponential moving average) is BELOW the box formed by the red lines, place a pending buy order (buystop) 5 pips ABOVE the top of the box.
- Set the stop loss at 20 pips below the pending buy order and the take profit at 75 pips above the pending buy order.
- Set a 45 pip trailing stop. When the trade moves 20 pips in your favor, move the stop loss to break even.
Sell Trade:
- If the 89 EMA is ABOVE the box formed by the red lines, place a pending sell order (sellstop) 5 pips BELOW the bottom line of the box.
- Set the stop loss at 20 pips above the pending sell order and the take profit at 75 pips below the pending sell order.
- Set a 45 pip trailing stop. When the trade moves 20 pips in your favor, move the stop loss to break even.
Remember to let the trade run until 06:00 GMT the next day once the order is placed.