This basic breakout system has proved to be rather successful when approaching it with a trend following mindset, this system is in no way day trading. In order to successfully use it you need to be able to set your trades and forget about them for a little bit.
You will need good risk management abilities, a little bit of patience and a whole lot of discipline and all the commitment in you to successfully apply it.
In this post I will introduce the system, later on in October '17 I will release a course dedicated to the system on udemy where you can further improve your knowledge of the system.
Once the course is available on udemy we will update this post, if you want us to let you know when that happens scroll down and send us a message!
About the system
The focus of the system is on trend following, its goal is to grab short, medium and even long-term trends in a variety of markets and capitalize on their movements. This system is no holy grail and if you don't obey the rules, use the tools and apply the whole system at all times it will lose you money.
- The PipsMatter Traders Log
- Risk management
- One Exponential Moving Average set to 30
- Donchian Channel set to 30
A MyFxBook account is currently being setup that will demonstrate the effects of the strategy if all tools, rules and practices are applied.
Webinar about the System
On October 24 2017 we will host a workshop that is designated to teach the components of the system in a 1 and a half hour workshop.
If you are interested in the system make sure you register to the webinar! All the details about the webinar can be found by clicking here.
We hope you are excited about the strategy and we will now begin releasing posts every time we take out of the signals generated by the system.