50 Pips Daily Breakout Forex System
The 50 pips daily breakout forex system is a very simple, yet effective system to trade daily breakouts. We simple set our entry, stop-loss and target level and ride the breakout on the daily time frame.
You can apply this system to all major currency pairs (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/CAD and NZD/USD).
Use daily charts
SuperSR7-mt4-indicator.ex4: settings (Contract_Step: 150, Precision: 1, Shift_Bars: 1, Bars_Count: 5000)
This indicator will make it super easy to identify the most important support and resistance levels for you.
How The System Works
Place an order to buy at the most recent support and resistance indicator RED dots with stop loss 40 pips & target 50 pips.
Place an order to sell at the most recent support and resistance indicator BLUE dots with stop loss 40 pips & target 50 pips.
Example: EUR/USD 50 Pips Daily Breakout Forex System
As shown in the picture above, we had 4 sell signals and 3 buy signals. 100% WIN rate for a total of 350 pips for only 5 min of your time each day.