Oilfxpro Gold Breakout Expert Advisor

[oilfxpro]

Hi folks

Here is the system and a second 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

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 gold broker
http://www.interactivebrokers.co.uk/php/main.php?red=1

http://www.interactivebrokers.com/en...ntity=llc#show

Product : GOLD AT ODL SECURITIES


Free demo accounts at Alpari


Forex (FX), CFD, Futures and Equities & Options Trading with ODL Securities


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.


OILFXPRO

[oilfxpro]

Hi folks

Here is a second expert advisor for those who prefer to have option of four breakout periods

Thank the coder for the free contributions

OILFXPRO

[oilfxpro]

Hi

The following expert advisors have an extra zero and can be used for cash ggold brokers

Futures brokers use one less decimal place in prices

OILFXPRO

[oilfxpro]

Hi

first day of trades going well

OILFXPRO

[oilfxpro]

Great guns

[oilfxpro]

Hi

Good backtest report

Trading gold is not as profitable due to the higher spreads and lower liquidity

OILFXPRO