320# JBS Breakout Trading System
Trading with Envelope and Bollinger Band
Submit by Joy22 09/03/2012
Time Frame H1
Currency Pairs: all.
Indicators:
Bollinger Band (9, 2);
20MA;
Envelope 7;
Stochastic(Stochastick high; Stochastic low);
3 level Z Semafor
Momentum 6.
Long Entry:
The price breaks upper envelope band and upper band of the BB;
Stochastic high and stochastic low are >momentum 6.
Short Entry:
The price breaks lower envelope band and lower band of the BB;
Stochastic high and stochastic low are <momentum 6.
Exit
Trade objective: 1:1 risk-to-reward ratio or better.
First stop loss 30-40 pips or 8 pips below or above MA20.
Move stop loss to break even after 30 pips in gain.
In the pictures JBS Breakout forex system in action.
Share your opinion, can help everyone to understand the forex strategy.
