Advanced system #7 (EUR/USD breakout system)
Submitted by Edward Revy on November 3, 2007 - 14:43.
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What is ur comment on this similar system
time frame 1 hour
ema(144) and ema(169) and sma(400)
System uses highest high and lowest low of candles from 1.00 GMT to 6.00 GMT
conditions needed to make trade:
1- Entry price must be away from Vegas tunnel and/or SMA(400) at least 35 points (rebound zones)
2- Orders are set after the close of candle 6.00 GMT
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Hi,
it would be interesting to hear about any backtest result. Anyone so far?
Great site.
Regards,
Luca
my broker is using ET-US time, what is going to be the correspondent time in ET for 1amGMT-6amGMT
It'll be 20pm to 1am ET
Hi,
Can i know which indicator is the vegas tunnel?
Regards
Trulynx
The two purple lines represent the tunnel. White dashed line is 400SMA.
Nice and cool system, but i want to ask if the first one the trade trigger should we cancel the other or we leave it like that .
You leave the other one. The stop you placed will take care of it. After all, you never know which trade will turn into profit and which one meets the stop.
Ivano
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