48# 10 pips after open

Submit by Marco (Written by K.Dittaman)

There is only one trade per day

Daily Profit Potential:

Option I - 10 pips

Option II – 10 to 100 pips (10 pips is recommended).

The system will work on many Forex pairs and for many major

stocks. The rules to this Trading system are simple, and executing and

managing trades will take no more than five minutes of your time.

Let me introduce you to the four simple steps below. Then I’ll take

you through some actual examples in order to illustrate just how

easy this system is. It uses pure mathematical calculations that

even a child can do.

This trading system involves 4 simple steps:

- Identify entry order levels

- Calculate stop loss and take profit levels

- Place 1 buy stop and 1 sell stop orders

- Wake up in the morning and enjoy 10+ pips profit

This is a very simple and proven to be profitable manual “set and

forget” trading system. You will have to place orders every day at the

same time. Once you place your orders – you don’t have to watch

the market or manage your trades. This is completely an autopilot

system. The system uses smart money management and profit

targets and gives you the opportunity to make 10+ pips.

We are taking advantage of the Forex time based repeated secret

“Forex secret hour”.. Keep reading and I will explain everything

step by step.

HOW IT WORKS

In order to use this set and forget trading system you will need to set:

1 buy stop order with a stop loss and a take profit

and 1 sell stop order with a stop loss and a take profit

and then you may go to sleep – everything will be done

automatically – usually in 1 to 4 hours.

SETUP

1. Open a 1 hour chart at 1:59 EST (GMT-5) and identify the high

and low of the 1:00-2:00 EST bar, see the example below:

In the pictures 10 pips after open forex system in action.

The trading system works on the principle that once a breakout occurs,

the price is most likely to go strongly in the direction of the

breakout due to the market daily activity after 2:00AM EST (check

your history chart – notice the big moves that happen daily exactly

after 2AM EST) and the sudden surge of market orders and other

entry orders piled up at these levels.

1. Determine the 1:00-2:00AM EST bar high and low:

3. Setting up your orders.

Calculate your orders:

The formula is very simple

1:00-2:00AM bar high/low difference = Z

In our case high = 30 pips = Z

BUY order example:

Place a BUY STOP order at “1:00-2:00AM EST bar HIGH + Z”

level.

In our case the BUY STOP order is 1.3785 + 30 = 1.3815

A stop loss order should be placed at the 1:00-2:00AM EST bar

HIGH. In our case the Stop Loss = 1.3785

Take Profit: (for a buy order)

Option I ( profit 10 pips )

Take profit for a BUY order should be placed at your entry +10

pips. In our case 1.3815 + 10 = 1.3825

Option II ( profit 10 - 100 pips )

(Option II is recommended for traders with trading experience, I

still recommend Option I – 10 pips)

Use a trailing stop = 10-20 pips to maximize your profit. In most

cases you will make 50-100 pips profit in a strong market.

When you catch a true breakout, however, you could very well

gain 50 or even 100 pips. When this happens your trailing stop will

let the trade continue to run at no risk with your profits "locked

in." Option II is more profitable than Option I (if you are lucking and

your trailing stop is not triggered early..)

The rule for the SELL order is the opposite of the the buy order:

SELL order:

Place a SELL STOP order at the “1:00-2:00AM EST bar LOW - Z”

level.

In our case the SELL STOP order 1.3755 - 30 = 1.3725

A Stop loss order should be placed at the 1:00-2:00AM EST bar

LOW. In our example the Stop Loss = 1.3755

Take Profit: (for a sell order)

Option I (profit 10 pips)

Take profit for a SELL order should be placed at the entry - 10

pips. In our case 1.3725 - 10 = 1.3715

Option II ( profit 10 - 100 pips )

Use a trailing stop = 10-20 pips to maximize your profit ( as

explained for a buy order )

The price may and (usually it does!) travel much further but this is

a very easy way to make consistent profits - almost every day

when you get a trading signal.

The major key of this system is the “Z” value that will minimize

most false signals (breakouts) and make your trading very safe.

If your broker lets you use OCO orders ( one cancel the other -

use this function: If one order triggers set the OCO to automatically

cancel the other order). If you don’t know how to do it, just ignore

this.

Usually one of the orders triggers within 1-4 hours after 2:00AM

EST.

Cancel all orders if not triggered within 5-8 hours.

Here is a short trade step by step:

1:00-2:00AM EST bar:

high=1.3981

low=1.3956

Z=25

Orders:

BUY STOP order:

Entry 1.3981+25=1.4006

Stop loss 1.3981

Take Profit: option I = 1.4016 ; option II = trailing stop 10 pips

SELL STOP order:

Entry 1.3956-25=1.3931

Stop loss 1.3956

Take Profit: option I = 1.3921 ; option II = trailing stop 10 pips

Recommendations:

- Cancel all orders in 5-8 hours (if not triggered). On the next day

just calculate and place orders on new levels.

- Use Option I to take consistent profit – 10 pips profit.

- Recommended Pairs: EUR/USD (preferred) USD/CHF

- Not recommended pairs: GBP/JPY, EURJPY

- IMPORTANT:

Do not trade when the “Z” value is too large – example

40 pips or more:

Share your opinion, can help everyone to understand the forex strategy.

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10 pips after open