OILFXPRO breakout Gold expert advisors

Discussion in 'Metal Futures' started by oilfxpro, Jan 21, 2008.

  1. Hi folks

    Here is the system and two free expert advisor for signals/forward testing /demo accounts

    OILFXPRO gold breakout system

    Determine the 8.00 CET – 9.00 CET High Low on gold zg.Place trade at 9.00 cet & Determine the 14.00 CET – 15.00 CET High Low on gold zg.Place trade at 9.00 cet for morning breakouts and at 15.00 hours CET for P M breakouts

    Set BuyStop at High + 15 points and SellStop at Low - 15 points

    Set Target Price at entry + 70 points ($7)(exit only on exit rules or if stops hit)

    Set StopLoss at entry - 40 points ($4)

    . If the other side of the breakout is within 40 points then the StopLoss will be that level (Longtrade: SL = Low range - 15 points = SellStop; Shorttrade: SL = High range +15 poins = BuyStop)

    Move the SL to breakeven after a gain of 50 points

    If a certain position is taken and price turns agains you and it breaks the other side of the breakout channel then turn. If the breakout channel is broader then the stoploss ,first the stoploss will be hit. If the breakout channel is narrower then the stoploss then hitting the other side means that you have to turn your position. Three turns per day is maximum limit

    If the early morning channel is greater than 100 POINTS ($10) do not trade the expert advisor in the afternoon


    At 21.00 CET all orders expiring and close all trades at market. On Friday we do the same at 20.00 CET.

    This link displays the time in every major city in the world: Qlock - World Clock

    Brokers:Any futures gold broker

    Free demo accounts with some metatrader brokers.Expert advisors are small programs to autotrade on metatrader

    There is EA already for this system so please do not copy my work that I distribute freely for commercial exploitation.Any commercial seller who copies this free system will meet his destiny.