Daily Candle Breakout Trading System
Timeframe: Daily
Indicator: SSG Bline Indicator and Daily Candle
Entry time:23:30(Broker server time)
Entry type: Buy stop or Sell stop
When Take Buy stop:
When the following condition was fulfilled only buy stop should be placed.
1.D1 Trend is Up(Determined by SSG Bline Indicator
2.Place one buy stop just 10 pips above the previous day's candle.
3.Stop loss: Below the 5-10 pips(Depend on pair)of the previous day's candle.
Above the picture, we see that SSG Bline indicator show market is up on the D1 time frame.
So at 23:30 server time, we place only buy stop.
Take Profit: Normally 50-70 pips even more for volatile pair like GBPNZD 100+
Breakeven: 20 pips
Exit System: Stop Loss Heat and
another one everyday profit trade(any amount of Profit Running) close after three hours of the opening of Newyork session.
When Sell stop place:
Just vice versa of the Buy stop when SSG Bline shows Downtrend.
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