oilfxpro Natural gas trading breakout system

Discussion in 'Energy Futures' started by oilfxpro, Jun 10, 2008.

  1. Hi folks

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

    OILFXPRO Gasoil breakout system


    Determine the 6.00 CET – 8.00 CET High Low on gas.Place trade at 8.00 cet & Determine the 13.00 CET – 15.00 CET High Low on gasoil.Place trade at 8.00 cet for morning breakouts and at 15.00 hours CET for P M breakouts


    Set BuyStop at High + 150 points and SellStop at Low - 150 points

    Set Target Price at entry + 2000 points (exit only on exit rules or if stops hit)

    Set StopLoss at entry - 800 points

    . If the other side of the breakout is within 400 points then the StopLoss will be that level (Longtrade: SL = Low range - 150 points = SellStop; Shorttrade: SL = High range +150 poins = BuyStop)

    Move the SL to breakeven after a gain of 500 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



    EXITS

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


    Brokers:Any futures broker

    Product : gasoil

    Free metatrader demo accounts

    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.

    Results presented are for the advanced versions.

    Free expert advisors for metatrader platform are available

    OILFXPRO