30# Verbtheory's Trading System
Submit by Janus Trader 26/12/2011
VERBTHEORY’S DAY BREAK TRADING RULES v1.0
•Enter pending orders at 23:30 GMT, no earlier.
•Entry = previous day’s high & low +/-10 pip offset rounded respectively
•TP = 80 pips
•SL = Other side of candle
•Target 1 = 20%, stop move to breakeven
•Target 2 = 50%, stop moved to 20 pips
•At 70 pips, stop moved to 50 pips
•Target 3 = 100%
•Positions = 3
charting. Their server time is calibrated to GMT.
•This system is calibrated at 00:00 GMT. VERY important.
2.Enter pending buy stop at previous day’s high PLUS10 pips with 3 positions.
•Stop loss = previous day’s low
3.Enter pending short stop at previous day’s low MINUS10 pipswith 3 positions.
•Stop loss = previous day’s high
4.Setup MTP3.4 with following:
•First Target = 20
•Target Increment = 30
•Close Lots = 0.1
•Move Stops = True
•First Stop Target = 20
•First Stop = 2
•Second Stop Target = 50
•Second Stop = 20
•Third Stop Target = 70
•Third Stop = 50
•Use Max Loss = False
•Max Loss = 20
•Magic Number=0
5.Don’t tamper with the trade. Stick to the plan.
6.Walk away and enjoy your life.
Verbtheory's
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mike (Tuesday, 22 September 2020 11:31)
how can i set order size?!
Ron (Monday, 03 June 2019 20:23)
depends on volatility, uses ADR 2 for the range and calibrates the TP in relation to the ADR value
Tito (Wednesday, 29 May 2019 20:11)
Use broker 00h00 gmt and look next 30 days backtest u see No work ..
toto (Sunday, 19 February 2017 08:18)
Thank You